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 |
Netflix
NFLX
|
+$808M |
| 2 |
Amazon
AMZN
|
+$805M |
| 3 |
DOCU
DocuSign
DOCU
|
+$696M |
| 4 |
Intuit
INTU
|
+$684M |
| 5 |
Meta Platforms (Facebook)
META
|
+$662M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walmart Inc
WMT
|
+$1.14B |
| 2 |
Walt Disney
DIS
|
+$959M |
| 3 |
Intel
INTC
|
+$891M |
| 4 |
UnitedHealth
UNH
|
+$704M |
| 5 |
Visa
V
|
+$609M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.01% |
| 2 | Healthcare | 10.79% |
| 3 | Financials | 10.13% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Communication Services | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.9T
| $11.4B | 6.36% |
63,982,104
+3,096,696
| +5% | +$489M |
|
2
Microsoft
MSFT
$3.35T
| $9.03B | 5.06% |
26,844,732
+1,320,202
| +5% | +$428M |
|
|
3
Amazon
AMZN
$2.53T
| $7.22B | 4.05% |
43,326,360
+4,703,240
| +12% | +$805M |
|
4
Alphabet (Google) Class A
GOOGL
$4.08T
| $5.63B | 3.15% |
38,858,940
+2,109,340
| +6% | +$304M |
|
5
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $5.6B | 3.13% |
60,337,625
+5,038,665
| +9% | +$472M |
|
6
Adobe
ADBE
$98.5B
| $3.82B | 2.14% |
6,739,460
+304,991
| +5% | +$191M |
|
7
Salesforce
CRM
$148B
| $3.7B | 2.07% |
14,565,099
+655,371
| +5% | +$184M |
|
8
ASML
ASML
$634B
| $3.4B | 1.91% |
4,274,804
+173,677
| +4% | +$138M |
|
|
9
Visa
V
$673B
| $3.36B | 1.88% |
15,500,002
-2,837,599
| -15% | -$609M |
|
|
10
Netflix
NFLX
$305B
| $3.27B | 1.83% |
54,258,040
+12,652,190
| +30% | +$808M |
|
11
Home Depot
HD
$332B
| $3.25B | 1.82% |
7,830,978
+346,970
| +5% | +$132M |
|
|
12
Meta Platforms (Facebook)
META
$1.37T
| $3.22B | 1.81% |
9,584,517
+1,993,840
| +26% | +$662M |
|
13
TSMC
TSM
$2.09T
| $3.12B | 1.75% |
25,937,073
+557,498
| +2% | +$65.3M |
|
14
Advanced Micro Devices
AMD
$791B
| $2.87B | 1.61% |
19,956,550
+4,177,219
| +26% | +$562M |
|
15
PayPal
PYPL
$49.3B
| $2.73B | 1.53% |
14,468,988
+2,476,199
| +21% | +$536M |
|
16
American Express
AXP
$228B
| $2.58B | 1.44% |
15,745,967
+121,632
| +0.8% | +$20.7M |
|
17
Costco
COST
$423B
| $2.31B | 1.29% |
4,070,600
+183,387
| +5% | +$93.9M |
|
18
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $2.21B | 1.24% |
16,684,772
+389,243
| +2% | +$51.7M |
|
19
Freeport-McMoran
FCX
$91.2B
| $2.04B | 1.14% |
48,853,445
+1,864,521
| +4% | +$70.8M |
|
20
Eli Lilly
LLY
$1.03T
| $1.93B | 1.08% |
6,982,910
+470,522
| +7% | +$119M |
|
|
NVO
21
Novo Nordisk
NVO
$228B
| $1.79B | 1% |
31,877,862
-473,216
| -1% | -$25.6M |
|
22
Alibaba
BABA
$279B
| $1.69B | 0.94% |
14,188,423
-22,577
| -0.2% | -$3.29M |
|
23
Mastercard
MA
$510B
| $1.62B | 0.9% |
4,495,374
+88,423
| +2% | +$30.6M |
|
24
Intuitive Surgical
ISRG
$126B
| $1.55B | 0.87% |
4,313,145
+209,022
| +5% | +$71.9M |
|
25
NVIDIA
NVDA
$4.72T
| $1.5B | 0.84% |
51,154,310
+2,718,350
| +6% | +$74.8M |
|
Similar funds
Ken Fisher's Q4 2021 Portfolio in Review
As of Q4 2021, Ken Fisher held 1,147 positions worth $179B, up 11% from $161B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ken Fisher deployed $7.67B of net new capital in Q4 2021, opening 119 new positions and adding to 524 existing holdings. Its largest new stake was DocuSign: 3,052,026 shares worth $465M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Walmart Inc, an estimated $1.14B trimmed.
- Ken Fisher's largest Q4 2021 buy was DocuSign: 3,052,026 shares worth $465M.
- Ken Fisher added most to Netflix in Q4 2021, an estimated $808M increase.
- Ken Fisher's biggest Q4 2021 reduction was Walmart Inc, cutting an estimated $1.14B.
- Ken Fisher fully exited Kansas City Southern in Q4 2021, selling an estimated $64.7M.
- Ken Fisher's ten largest holdings make up 32% of its $179B portfolio in Q4 2021.
- Ken Fisher opened 119 new positions and closed 80 in Q4 2021.
- Ken Fisher's portfolio value rose 11% quarter-over-quarter to $179B.
Based on Fisher Asset Management's 13F filing for Q4 2021, filed 2 Feb 2022.