Ken Fisher Fisher Asset Management
Ken Fisher is the founder and executive chairman of Fisher Investments, a global money management firm overseeing billions of dollars in assets. He gained early recognition for pioneering the use of the price-to-sales ratio in stock analysis and wrote the long-running “Portfolio Strategy” column in Forbes. Over the years, Fisher has authored numerous books on investing and wealth management, many of which have become bestsellers.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$784M |
| 2 |
PepsiCo
PEP
|
+$635M |
| 3 |
UnitedHealth
UNH
|
+$599M |
| 4 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$376M |
| 5 |
JPMorgan Chase
JPM
|
+$359M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$510M |
| 2 |
HES
Hess
HES
|
+$465M |
| 3 |
Uber
UBER
|
+$413M |
| 4 |
SLB Ltd
SLB
|
+$404M |
| 5 |
PayPal
PYPL
|
+$354M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.64% |
| 2 | Financials | 10.93% |
| 3 | Healthcare | 9.92% |
| 4 | Consumer Discretionary | 9.41% |
| 5 | Industrials | 7.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
iShares Global Healthcare ETF
IXJ
$4.13B
| $379M | 0.21% |
4,593,530
+1,530,844
| +50% | +$130M |
|
102
Alphabet (Google) Class C
GOOG
$4.4T
| $370M | 0.21% |
2,809,277
-20,910
| -0.7% | -$2.72M |
|
103
Wynn Resorts
WYNN
$10.5B
| $361M | 0.21% |
3,911,232
+117,030
| +3% | +$11.7M |
|
104
Crown Castle
CCI
$32.3B
| $360M | 0.2% |
3,914,634
-858,532
| -18% | -$88.9M |
|
105
Alibaba
BABA
$308B
| $334M | 0.19% |
3,853,633
+1,870
| +0% | +$171K |
|
106
Vanguard Information Technology ETF
VGT
$147B
| $334M | 0.19% |
6,445,088
-176,504
| -3% | -$9.6M |
|
107
Honda
HMC
$39.7B
| $317M | 0.18% |
9,411,916
+431,982
| +5% | +$13.9M |
|
108
Medtronic
MDT
$110B
| $295M | 0.17% |
3,759,049
+496,540
| +15% | +$41.6M |
|
109
American Tower
AMT
$78.3B
| $293M | 0.17% |
1,779,429
+560,066
| +46% | +$102M |
|
110
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| $280M | 0.16% |
2,760,790
-45,281
| -2% | -$4.85M |
|
111
Infosys
INFY
$50.5B
| $270M | 0.15% |
15,772,393
-30,227
| -0.2% | -$516K |
|
112
Petrobras
PBR
$118B
| $261M | 0.15% |
17,444,942
-68,214
| -0.4% | -$970K |
|
113
HDFC Bank
HDB
$122B
| $254M | 0.14% |
8,618,158
+88,772
| +1% | +$2.89M |
|
114
State Street Communication Services Select Sector SPDR ETF
XLC
$22.3B
| $253M | 0.14% |
3,860,572
-55,421
| -1% | -$3.7M |
|
115
Southern Copper
SCCO
$164B
| $249M | 0.14% |
3,571,145
-17,440
| -0.5% | -$1.27M |
|
116
Vale
VALE
$63.6B
| $243M | 0.14% |
18,131,888
+51,464
| +0.3% | +$700K |
|
117
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.7B
| $242M | 0.14% |
4,231,999
-52,334
| -1% | -$3.03M |
|
118
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.42B
| $235M | 0.13% |
1,474,722
-15,023
| -1% | -$2.5M |
|
119
Dover
DOV
$28.3B
| $234M | 0.13% |
1,675,162
-134,601
| -7% | -$19.4M |
|
120
General Motors
GM
$78.2B
| $213M | 0.12% |
6,466,459
+3,989,999
| +161% | +$142M |
|
121
Boston Scientific
BSX
$69.2B
| $210M | 0.12% |
3,970,442
+131,207
| +3% | +$6.88M |
|
122
Vanguard FTSE Europe ETF
VGK
$31.1B
| $207M | 0.12% |
3,575,879
+4,361
| +0.1% | +$266K |
|
123
Invesco S&P 500 Top 50 ETF
XLG
$11B
| $206M | 0.12% |
6,066,797
+22,217
| +0.4% | +$781K |
|
124
Mercado Libre
MELI
$97.5B
| $203M | 0.12% |
160,260
-56,204
| -26% | -$71.5M |
|
125
Itaú Unibanco
ITUB
$90.5B
| $196M | 0.11% |
41,257,010
+19,258,553
| +88% | +$96M |
|
Similar funds
Ken Fisher's Q3 2023 Portfolio in Review
As of Q3 2023, Ken Fisher held 1,293 positions worth $176B, down 2.5% from $181B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Ken Fisher's Q3 2023 filing shows 130 new, 437 increased, 474 reduced and 125 closed positions. Its largest new stake was Murphy Oil: 991,976 shares worth $45M. The largest sale was ExxonMobil, an estimated $510M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q3 2023 buy was Murphy Oil: 991,976 shares worth $45M.
- Ken Fisher added most to Procter & Gamble in Q3 2023, an estimated $784M increase.
- Ken Fisher's biggest Q3 2023 reduction was ExxonMobil, cutting an estimated $510M.
- Ken Fisher fully exited PDC Energy, Inc. in Q3 2023, selling an estimated $78.7M.
- Ken Fisher's ten largest holdings make up 27% of its $176B portfolio in Q3 2023.
- Ken Fisher opened 130 new positions and closed 125 in Q3 2023.
- Ken Fisher's portfolio value fell 2.5% quarter-over-quarter to $176B.
Based on Fisher Asset Management's 13F filing for Q3 2023, filed 13 Nov 2023.