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 | |
|---|---|---|---|---|---|---|
126
Vanguard FTSE Developed Markets ETF
VEA
$234B
| $194M | 0.11% |
4,432,215
+269,554
| +6% | +$12.3M |
|
127
Qualcomm
QCOM
$169B
| $191M | 0.11% |
1,717,345
-135,363
| -7% | -$15.7M |
|
128
iShares Global Energy ETF
IXC
$2.78B
| $187M | 0.11% |
4,541,199
+1,005,493
| +28% | +$39.9M |
|
129
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.13B
| $182M | 0.1% |
4,162,817
-95,532
| -2% | -$4.34M |
|
130
Pinduoduo
PDD
$128B
| $178M | 0.1% |
1,816,925
-17,104
| -0.9% | -$1.47M |
|
131
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.32B
| $173M | 0.1% |
4,343,461
-311,031
| -7% | -$12.7M |
|
132
T. Rowe Price
TROW
$24.2B
| $172M | 0.1% |
1,642,352
+675,662
| +70% | +$76.1M |
|
133
iShares US Financials ETF
IYF
$4.61B
| $168M | 0.1% |
2,241,513
+486,530
| +28% | +$37.5M |
|
134
Lennox International
LII
$15.3B
| $166M | 0.09% |
442,367
+13,888
| +3% | +$5.01M |
|
135
Norfolk Southern
NSC
$76.9B
| $163M | 0.09% |
825,247
-8,317
| -1% | -$1.8M |
|
136
ASE Group
ASX
$82.5B
| $159M | 0.09% |
21,150,630
-232,402
| -1% | -$1.81M |
|
137
Rockwell Automation
ROK
$49.5B
| $159M | 0.09% |
555,938
+8,435
| +2% | +$2.61M |
|
138
US Bancorp
USB
$99.7B
| $154M | 0.09% |
4,650,565
+4,540,632
| +4,130% | +$165M |
|
139
MGM Resorts International
MGM
$11.5B
| $152M | 0.09% |
4,143,816
-291,967
| -7% | -$12.9M |
|
140
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $148M | 0.08% |
1,972,893
-30,041
| -1% | -$2.27M |
|
141
Parker-Hannifin
PH
$135B
| $147M | 0.08% |
376,612
+8,085
| +2% | +$3.25M |
|
142
Autodesk
ADSK
$50.5B
| $146M | 0.08% |
703,218
-24,611
| -3% | -$5.17M |
|
143
Novartis
NVS
$293B
| $143M | 0.08% |
1,408,212
+544,682
| +63% | +$55.3M |
|
144
Expedia Group
EXPE
$37.3B
| $142M | 0.08% |
1,380,096
+187,770
| +16% | +$20.7M |
|
145
NetEase
NTES
$83B
| $142M | 0.08% |
1,419,116
-6,335
| -0.4% | -$650K |
|
146
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.8B
| $141M | 0.08% |
1,751,058
-29,998
| -2% | -$2.54M |
|
147
iShare MSCI Eurozone ETF
EZU
$9.85B
| $140M | 0.08% |
3,307,110
+33,400
| +1% | +$1.5M |
|
148
Onto Innovation
ONTO
$13.5B
| $132M | 0.07% |
1,035,889
-40,028
| -4% | -$4.76M |
|
149
Trip.com Group
TCOM
$28.9B
| $132M | 0.07% |
3,761,357
-36,400
| -1% | -$1.37M |
|
150
Meritage Homes
MTH
$4.71B
| $130M | 0.07% |
2,120,518
-53,428
| -2% | -$3.67M |
|
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.