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 | |
|---|---|---|---|---|---|---|
151
Cleveland-Cliffs
CLF
$7.26B
| $133M | 0.07% |
6,496,793
-1,246,659
| -16% | -$21.3M |
|
152
Trip.com Group
TCOM
$29.3B
| $132M | 0.07% |
3,672,896
-88,461
| -2% | -$3.02M |
|
153
KB Home
KBH
$3.57B
| $131M | 0.07% |
2,099,686
-571,139
| -21% | -$29.4M |
|
154
Marvell Technology
MRVL
$197B
| $131M | 0.07% |
2,165,527
+5,428
| +0.3% | +$293K |
|
155
NetEase
NTES
$82B
| $130M | 0.07% |
1,390,535
-28,581
| -2% | -$3.04M |
|
156
Lowe's Companies
LOW
$123B
| $127M | 0.07% |
571,381
-15,719
| -3% | -$3.19M |
|
157
Onto Innovation
ONTO
$14.5B
| $125M | 0.07% |
817,018
-218,871
| -21% | -$29.4M |
|
158
JD.com
JD
$44.5B
| $124M | 0.07% |
4,277,722
-85,936
| -2% | -$2.33M |
|
159
DexCom
DXCM
$31.5B
| $123M | 0.07% |
990,545
-21,077
| -2% | -$2.15M |
|
160
Haleon
HLN
$43.3B
| $121M | 0.06% |
14,737,776
-426,615
| -3% | -$3.52M |
|
161
iShares US Medical Devices ETF
IHI
$3.33B
| $112M | 0.06% |
2,075,745
-110,248
| -5% | -$5.39M |
|
162
Lincoln Electric
LECO
$15.2B
| $106M | 0.06% |
486,658
-102,744
| -17% | -$19.8M |
|
163
MSCI
MSCI
$41.5B
| $105M | 0.06% |
185,088
+2,750
| +2% | +$1.42M |
|
164
Terex
TEX
$7.65B
| $101M | 0.05% |
1,764,661
-323,093
| -15% | -$16.7M |
|
165
Woodside Energy
WDS
$42.3B
| $99.8M | 0.05% |
4,733,888
-159,227
| -3% | -$3.39M |
|
166
Atlassian
TEAM
$27.9B
| $98.5M | 0.05% |
414,062
-1,474
| -0.4% | -$289K |
|
167
Otis Worldwide
OTIS
$28B
| $98.1M | 0.05% |
1,096,107
-6,727
| -0.6% | -$559K |
|
168
Winnebago Industries
WGO
$907M
| $97.2M | 0.05% |
1,334,275
-234,937
| -15% | -$15.1M |
|
|
SF
169
Stifel
SF
$12.9B
| $97.1M | 0.05% |
2,107,122
-350,604
| -14% | -$14.4M |
|
170
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.38B
| $94.4M | 0.05% |
870,158
-23,280
| -3% | -$2.23M |
|
171
Veralto
VLTO
$23.5B
| $93.6M | 0.05% |
+1,137,890
| New | +$85M |
|
172
IDEX
IEX
$17.6B
| $93.1M | 0.05% |
429,021
+15,633
| +4% | +$3.15M |
|
173
Synaptics
SYNA
$4.07B
| $92.1M | 0.05% |
807,145
-173,575
| -18% | -$17.2M |
|
174
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.6B
| $91.1M | 0.05% |
3,060,443
-48,668
| -2% | -$1.43M |
|
175
Abercrombie & Fitch
ANF
$4.9B
| $91.1M | 0.05% |
1,032,254
-19,889
| -2% | -$1.42M |
|
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.