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 |
Canadian Natural Resources
CNQ
|
+$1.58B |
| 2 |
iShares MBS ETF
MBB
|
+$1.49B |
| 3 |
RTX Corp
RTX
|
+$839M |
| 4 |
Microsoft
MSFT
|
+$566M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$555M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
|
+$1.27B |
| 2 |
Advanced Micro Devices
AMD
|
+$920M |
| 3 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$682M |
| 4 |
VanEck Semiconductor ETF
SMH
|
+$567M |
| 5 |
Vanguard Information Technology ETF
VGT
|
+$291M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.6% |
| 2 | Financials | 11.61% |
| 3 | Healthcare | 9.91% |
| 4 | Consumer Discretionary | 9.26% |
| 5 | Industrials | 7.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Alibaba
BABA
$293B
| $364M | 0.16% |
5,048,958
+1,337,513
| +36% | +$103M |
|
102
iShares Global Energy ETF
IXC
$2.79B
| $346M | 0.15% |
8,341,155
+1,026,351
| +14% | +$44M |
|
103
Qualcomm
QCOM
$155B
| $336M | 0.15% |
1,688,023
+40,104
| +2% | +$7.58M |
|
104
American Tower
AMT
$80.8B
| $326M | 0.14% |
1,678,645
+46,870
| +3% | +$8.76M |
|
105
Honda
HMC
$39.1B
| $326M | 0.14% |
10,117,926
+221,273
| +2% | +$7.49M |
|
106
Boston Scientific
BSX
$69.5B
| $314M | 0.14% |
4,077,350
+66,996
| +2% | +$4.9M |
|
107
General Motors
GM
$80.4B
| $311M | 0.14% |
6,685,746
+170,208
| +3% | +$7.68M |
|
108
Coca-Cola
KO
$377B
| $308M | 0.13% |
4,844,428
-60,987
| -1% | -$3.78M |
|
109
Dover
DOV
$27.6B
| $295M | 0.13% |
1,634,480
-5,845
| -0.4% | -$1.05M |
|
110
Southern Copper
SCCO
$143B
| $289M | 0.13% |
2,862,337
-230,060
| -7% | -$24.5M |
|
111
Itaú Unibanco
ITUB
$93.2B
| $279M | 0.12% |
54,045,375
-1,348,802
| -2% | -$7.38M |
|
112
Lennox International
LII
$14.4B
| $272M | 0.12% |
507,865
+24,252
| +5% | +$11.9M |
|
113
State Street Industrial Select Sector SPDR ETF
XLI
$32.7B
| $255M | 0.11% |
2,089,302
-471,615
| -18% | -$58.1M |
|
114
Mercado Libre
MELI
$95.2B
| $251M | 0.11% |
152,573
-5,868
| -4% | -$9.26M |
|
115
Invesco S&P 500 Top 50 ETF
XLG
$10.6B
| $247M | 0.11% |
5,394,473
-281,816
| -5% | -$12.1M |
|
116
Infosys
INFY
$48.7B
| $245M | 0.11% |
13,143,128
-622,300
| -5% | -$10.8M |
|
117
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $240M | 0.1% |
4,852,342
+95,848
| +2% | +$4.77M |
|
118
HDFC Bank
HDB
$123B
| $234M | 0.1% |
7,259,966
-249,718
| -3% | -$7.31M |
|
119
iShares US Pharmaceuticals ETF
IHE
$1.46B
| $228M | 0.1% |
3,441,002
-94,857
| -3% | -$6.22M |
|
|
120
VanEck Semiconductor ETF
SMH
$67.9B
| $228M | 0.1% |
874,203
-2,419,972
| -73% | -$567M |
|
121
Parker-Hannifin
PH
$123B
| $210M | 0.09% |
415,738
+12,498
| +3% | +$6.7M |
|
122
Vanguard FTSE Europe ETF
VGK
$30.7B
| $210M | 0.09% |
3,144,312
-186,193
| -6% | -$12.6M |
|
123
T. Rowe Price
TROW
$23.9B
| $209M | 0.09% |
1,813,456
+39,555
| +2% | +$4.55M |
|
124
Wynn Resorts
WYNN
$10.3B
| $208M | 0.09% |
2,326,881
-1,734,104
| -43% | -$166M |
|
125
Norfolk Southern
NSC
$75.4B
| $204M | 0.09% |
948,239
+29,048
| +3% | +$6.74M |
|
Similar funds
Ken Fisher's Q2 2024 Portfolio in Review
As of Q2 2024, Ken Fisher held 1,069 positions worth $230B, up 7.4% from $214B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Ken Fisher deployed $7.03B of net new capital in Q2 2024, opening 105 new positions and adding to 492 existing holdings. Its largest new stake was ZTO Express: 3,166,868 shares worth $65.7M.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street SPDR Portfolio Short Term Treasury ETF, an estimated $1.27B trimmed.
- Ken Fisher's largest Q2 2024 buy was ZTO Express: 3,166,868 shares worth $65.7M.
- Ken Fisher added most to Canadian Natural Resources in Q2 2024, an estimated $1.58B increase.
- Ken Fisher's biggest Q2 2024 reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $1.27B.
- Ken Fisher fully exited Thor Industries in Q2 2024, selling an estimated $24.5M.
- Ken Fisher's ten largest holdings make up 34% of its $230B portfolio in Q2 2024.
- Ken Fisher opened 105 new positions and closed 83 in Q2 2024.
- Ken Fisher's portfolio value rose 7.4% quarter-over-quarter to $230B.
Based on Fisher Asset Management's 13F filing for Q2 2024, filed 14 Aug 2024.