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 | |
|---|---|---|---|---|---|---|
126
Invesco S&P 500 Top 50 ETF
XLG
$11B
| $222M | 0.12% |
5,881,124
-185,673
| -3% | -$6.63M |
|
127
Vanguard FTSE Developed Markets ETF
VEA
$234B
| $221M | 0.12% |
4,608,146
+175,931
| +4% | +$7.88M |
|
128
Expedia Group
EXPE
$38.4B
| $218M | 0.12% |
1,439,448
+59,352
| +4% | +$7.27M |
|
129
Lennox International
LII
$15.4B
| $204M | 0.11% |
455,120
+12,753
| +3% | +$5.09M |
|
130
US Bancorp
USB
$100B
| $203M | 0.11% |
4,695,049
+44,484
| +1% | +$1.63M |
|
131
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.42B
| $199M | 0.11% |
1,067,062
-407,660
| -28% | -$68.1M |
|
132
Norfolk Southern
NSC
$76.8B
| $199M | 0.11% |
841,211
+15,964
| +2% | +$3.35M |
|
133
MGM Resorts International
MGM
$11.4B
| $195M | 0.1% |
4,357,344
+213,528
| +5% | +$8.38M |
|
134
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.13B
| $192M | 0.1% |
4,076,048
-86,769
| -2% | -$3.89M |
|
135
T. Rowe Price
TROW
$24.5B
| $189M | 0.1% |
1,751,405
+109,053
| +7% | +$10.9M |
|
136
iShares US Financials ETF
IYF
$4.63B
| $188M | 0.1% |
2,197,593
-43,920
| -2% | -$3.42M |
|
137
iShares Global Energy ETF
IXC
$2.75B
| $187M | 0.1% |
4,770,690
+229,491
| +5% | +$9.12M |
|
138
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.34B
| $181M | 0.1% |
4,206,573
-136,888
| -3% | -$5.44M |
|
139
Autodesk
ADSK
$50.7B
| $181M | 0.1% |
743,480
+40,262
| +6% | +$8.69M |
|
140
Rockwell Automation
ROK
$50.1B
| $180M | 0.1% |
579,012
+23,074
| +4% | +$6.47M |
|
141
Parker-Hannifin
PH
$126B
| $180M | 0.1% |
390,094
+13,482
| +4% | +$5.61M |
|
142
A.O. Smith
AOS
$8.59B
| $164M | 0.09% |
1,991,003
+75,898
| +4% | +$5.6M |
|
143
ASE Group
ASX
$80.9B
| $163M | 0.09% |
17,343,246
-3,807,384
| -18% | -$31.6M |
|
144
iShare MSCI Eurozone ETF
EZU
$9.84B
| $152M | 0.08% |
3,208,214
-98,896
| -3% | -$4.35M |
|
145
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23B
| $150M | 0.08% |
1,681,938
-69,120
| -4% | -$5.72M |
|
146
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $148M | 0.08% |
1,908,735
-64,158
| -3% | -$4.86M |
|
147
Novartis
NVS
$294B
| $144M | 0.08% |
1,430,609
+22,397
| +2% | +$2.16M |
|
148
NXP Semiconductors
NXPI
$58.3B
| $143M | 0.08% |
621,259
-237
| -0% | -$47.7K |
|
149
iShares Global Industrials ETF
EXI
$1.48B
| $137M | 0.07% |
1,075,176
+265,058
| +33% | +$30.9M |
|
150
Meritage Homes
MTH
$4.88B
| $136M | 0.07% |
1,564,640
-555,878
| -26% | -$38.3M |
|
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.