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 | |
|---|---|---|---|---|---|---|
201
Mitsubishi UFJ Financial
MUFG
$254B
| $58M | 0.03% |
+6,730,968
| New | +$56.8M |
|
202
Northrop Grumman
NOC
$78.7B
| $57.9M | 0.03% |
123,637
+122,026
| +7,575% | +$57.2M |
|
|
TMHC
203
DELISTED
Taylor Morrison
TMHC
| $57.2M | 0.03% |
1,072,579
-396,241
| -27% | -$17.7M |
|
204
Lazard
LAZ
$4.29B
| $57M | 0.03% |
1,638,444
-426,561
| -21% | -$12.8M |
|
205
Littelfuse
LFUS
$11.9B
| $56.9M | 0.03% |
212,702
-39,592
| -16% | -$9.48M |
|
206
East-West Bancorp
EWBC
$18.3B
| $56.8M | 0.03% |
790,027
-207,915
| -21% | -$12.5M |
|
207
United Microelectronic
UMC
$48.3B
| $55.6M | 0.03% |
6,575,552
-511,345
| -7% | -$3.9M |
|
208
Azenta
AZTA
$1.42B
| $55.4M | 0.03% |
850,176
-233,405
| -22% | -$12.7M |
|
|
JHG
209
DELISTED
Janus Henderson
JHG
| $55.3M | 0.03% |
1,833,592
-438,067
| -19% | -$11.3M |
|
210
Regal Rexnord
RRX
$12.3B
| $55M | 0.03% |
371,568
-92,353
| -20% | -$11.7M |
|
211
Pfizer
PFE
$145B
| $54.3M | 0.03% |
1,887,337
-46,423
| -2% | -$1.4M |
|
212
Patterson-UTI
PTEN
$3.72B
| $53.5M | 0.03% |
4,958,054
-873,704
| -15% | -$10.6M |
|
213
Kennametal
KMT
$2.7B
| $52.6M | 0.03% |
2,040,977
-532,774
| -21% | -$12.8M |
|
214
Evercore
EVR
$12.4B
| $52.3M | 0.03% |
305,564
-55,702
| -15% | -$8.06M |
|
215
United Bankshares
UBSI
$6.73B
| $51.8M | 0.03% |
1,378,264
-203,089
| -13% | -$6.45M |
|
216
Helen of Troy
HELE
$693M
| $50.6M | 0.03% |
419,143
-72,920
| -15% | -$7.86M |
|
217
Yelp
YELP
$1.43B
| $50.2M | 0.03% |
1,061,265
-213,397
| -17% | -$9.42M |
|
218
Home BancShares
HOMB
$6.27B
| $49.3M | 0.03% |
1,945,775
-301,201
| -13% | -$6.72M |
|
|
CADE
219
DELISTED
Cadence Bank
CADE
| $49M | 0.03% |
1,656,396
-351,173
| -17% | -$8.57M |
|
220
Helmerich & Payne
HP
$3.36B
| $47.8M | 0.03% |
1,320,005
-275,749
| -17% | -$10.7M |
|
221
HEICO Corp
HEI
$51.5B
| $47.6M | 0.03% |
266,280
-10,825
| -4% | -$1.83M |
|
222
Raymond James Financial
RJF
$34.8B
| $47.1M | 0.02% |
422,804
-53,579
| -11% | -$5.52M |
|
223
Goodyear
GT
$2.03B
| $46.9M | 0.02% |
3,276,704
-840,540
| -20% | -$11.2M |
|
224
MKS Inc
MKSI
$21.6B
| $46.9M | 0.02% |
455,981
-28,477
| -6% | -$2.31M |
|
225
Wintrust Financial
WTFC
$11B
| $46.6M | 0.02% |
502,287
-137,799
| -22% | -$11.4M |
|
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.