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 |
ExxonMobil
XOM
|
+$1.18B |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$340M |
| 3 |
Coca-Cola
KO
|
+$280M |
| 4 |
NVIDIA
NVDA
|
+$274M |
| 5 |
iShares US Pharmaceuticals ETF
IHE
|
+$209M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$828M |
| 2 |
ABB
ABB Ltd
ABB
|
+$679M |
| 3 |
NextEra Energy
NEE
|
+$553M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$231M |
| 5 |
PepsiCo
PEP
|
+$224M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30% |
| 2 | Financials | 12.45% |
| 3 | Consumer Discretionary | 10.07% |
| 4 | Healthcare | 9.87% |
| 5 | Industrials | 7.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Medtronic
MDT
$110B
| $378M | 0.2% |
4,592,459
+833,410
| +22% | +$63.5M |
|
102
Itaú Unibanco
ITUB
$92.6B
| $364M | 0.19% |
59,281,381
+18,024,371
| +44% | +$95.5M |
|
103
Wynn Resorts
WYNN
$10.9B
| $358M | 0.19% |
3,928,031
+16,799
| +0.4% | +$1.49M |
|
104
Vanguard Information Technology ETF
VGT
$147B
| $351M | 0.19% |
5,806,232
-638,856
| -10% | -$35.6M |
|
105
American Tower
AMT
$77.5B
| $343M | 0.18% |
1,589,861
-189,568
| -11% | -$35.8M |
|
106
State Street Industrial Select Sector SPDR ETF
XLI
$34B
| $300M | 0.16% |
2,634,815
-125,975
| -5% | -$13.2M |
|
107
Honda
HMC
$39.7B
| $298M | 0.16% |
9,644,064
+232,148
| +2% | +$7.33M |
|
|
108
Coca-Cola
KO
$374B
| $293M | 0.15% |
4,972,733
+4,928,441
| +11,127% | +$280M |
|
109
Alibaba
BABA
$309B
| $291M | 0.15% |
3,753,757
-99,876
| -3% | -$7.96M |
|
110
Southern Copper
SCCO
$165B
| $288M | 0.15% |
3,613,670
+42,525
| +1% | +$2.96M |
|
111
Vale
VALE
$63.3B
| $288M | 0.15% |
18,162,145
+30,257
| +0.2% | +$434K |
|
112
HDFC Bank
HDB
$122B
| $285M | 0.15% |
8,482,298
-135,860
| -2% | -$4.1M |
|
113
Infosys
INFY
$50.2B
| $281M | 0.15% |
15,299,305
-473,088
| -3% | -$8.23M |
|
114
Petrobras
PBR
$120B
| $267M | 0.14% |
16,726,313
-718,629
| -4% | -$11M |
|
115
State Street Communication Services Select Sector SPDR ETF
XLC
$22.2B
| $263M | 0.14% |
3,624,042
-236,530
| -6% | -$16.3M |
|
116
Mercado Libre
MELI
$97B
| $258M | 0.14% |
164,016
+3,756
| +2% | +$5.32M |
|
117
Dover
DOV
$28.6B
| $253M | 0.13% |
1,647,215
-27,947
| -2% | -$3.92M |
|
118
Pinduoduo
PDD
$130B
| $253M | 0.13% |
1,726,913
-90,012
| -5% | -$10.9M |
|
119
Qualcomm
QCOM
$166B
| $244M | 0.13% |
1,687,635
-29,710
| -2% | -$3.68M |
|
120
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.6B
| $244M | 0.13% |
4,113,523
-118,476
| -3% | -$6.83M |
|
121
Banco Bradesco
BBD
$38.3B
| $242M | 0.13% |
69,268,813
+30,188,950
| +77% | +$94.7M |
|
122
General Motors
GM
$77.8B
| $233M | 0.12% |
6,492,719
+26,260
| +0.4% | +$812K |
|
123
Boston Scientific
BSX
$69.1B
| $230M | 0.12% |
3,985,799
+15,357
| +0.4% | +$820K |
|
|
124
iShares US Pharmaceuticals ETF
IHE
$1.64B
| $224M | 0.12% |
3,621,039
+3,557,088
| +5,562% | +$209M |
|
125
Vanguard FTSE Europe ETF
VGK
$31.1B
| $223M | 0.12% |
3,459,620
-116,259
| -3% | -$6.96M |
|
Similar funds
Ken Fisher's Q4 2023 Portfolio in Review
As of Q4 2023, Ken Fisher held 1,269 positions worth $189B, up 7.3% from $176B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Ken Fisher withdrew a net $8.48B in Q4 2023, closing 288 positions and reducing 487 holdings. Its most notable exit was SIEMENS AKTIENGESELLSCHAFT ADS, an estimated $828M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Ken Fisher opened a new position in Veralto worth $93.6M.
- Ken Fisher's largest Q4 2023 buy was Veralto: 1,137,890 shares worth $93.6M.
- Ken Fisher added most to ExxonMobil in Q4 2023, an estimated $1.18B increase.
- Ken Fisher's biggest Q4 2023 reduction was NextEra Energy, cutting an estimated $553M.
- Ken Fisher fully exited SIEMENS AKTIENGESELLSCHAFT ADS in Q4 2023, selling an estimated $828M.
- Ken Fisher's ten largest holdings make up 31% of its $189B portfolio in Q4 2023.
- Ken Fisher opened 101 new positions and closed 288 in Q4 2023.
- Ken Fisher's portfolio value rose 7.3% quarter-over-quarter to $189B.
Based on Fisher Asset Management's 13F filing for Q4 2023, filed 6 Feb 2024.