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 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$821M |
| 2 |
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
|
+$568M |
| 3 |
Advanced Micro Devices
AMD
|
+$428M |
| 4 |
XYZ
Block Inc
XYZ
|
+$419M |
| 5 |
VanEck Semiconductor ETF
SMH
|
+$333M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$683M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$488M |
| 3 |
Marvell Technology
MRVL
|
+$420M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$375M |
| 5 |
PayPal
PYPL
|
+$326M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.02% |
| 2 | Financials | 12.11% |
| 3 | Healthcare | 10.27% |
| 4 | Consumer Discretionary | 8.74% |
| 5 | Industrials | 6.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.9T
| $7.78B | 5.26% |
59,874,884
+698,686
| +1% | +$99.8M |
|
2
Microsoft
MSFT
$3.35T
| $6.76B | 4.57% |
28,171,603
-845,202
| -3% | -$203M |
|
|
3
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $4.35B | 2.94% |
56,111,982
+10,681,374
| +24% | +$821M |
|
4
Amazon
AMZN
$2.53T
| $4.25B | 2.87% |
50,569,979
+674,660
| +1% | +$66.6M |
|
5
Alphabet (Google) Class A
GOOGL
$4.08T
| $3.68B | 2.49% |
41,666,589
-808,294
| -2% | -$76.8M |
|
6
Home Depot
HD
$332B
| $2.62B | 1.77% |
8,287,774
+120,157
| +1% | +$36.6M |
|
7
ASML
ASML
$634B
| $2.58B | 1.74% |
4,723,320
+29,403
| +0.6% | +$15.4M |
|
8
American Express
AXP
$228B
| $2.14B | 1.45% |
14,511,472
-527,315
| -4% | -$78.1M |
|
9
Freeport-McMoran
FCX
$91.2B
| $2.03B | 1.37% |
53,320,760
+153,694
| +0.3% | +$5.37M |
|
10
Netflix
NFLX
$305B
| $1.9B | 1.28% |
64,347,650
-2,515,100
| -4% | -$70.5M |
|
11
Salesforce
CRM
$148B
| $1.84B | 1.24% |
13,875,409
+1,149,446
| +9% | +$168M |
|
12
TSMC
TSM
$2.09T
| $1.82B | 1.23% |
24,417,775
-708,393
| -3% | -$51.2M |
|
13
Caterpillar
CAT
$373B
| $1.77B | 1.2% |
7,390,616
+100,168
| +1% | +$21.8M |
|
14
Visa
V
$673B
| $1.73B | 1.17% |
8,331,547
-101,735
| -1% | -$20.5M |
|
15
Adobe
ADBE
$98.5B
| $1.71B | 1.15% |
5,070,299
-72,038
| -1% | -$23M |
|
16
Goldman Sachs
GS
$302B
| $1.68B | 1.14% |
4,900,431
+156,803
| +3% | +$54.6M |
|
|
17
Advanced Micro Devices
AMD
$791B
| $1.68B | 1.13% |
25,885,044
+6,490,705
| +33% | +$428M |
|
|
18
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.64B | 1.11% |
15,523,614
-6,527,047
| -30% | -$683M |
|
19
Morgan Stanley
MS
$330B
| $1.61B | 1.09% |
18,973,269
+556,833
| +3% | +$47.5M |
|
|
20
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.5B
| $1.5B | 1.01% |
51,587,308
+19,411,205
| +60% | +$568M |
|
21
NVIDIA
NVDA
$4.72T
| $1.47B | 0.99% |
100,365,260
-20,706,040
| -17% | -$304M |
|
22
Eli Lilly
LLY
$1.03T
| $1.46B | 0.99% |
3,994,198
+90,761
| +2% | +$32.2M |
|
23
Oracle
ORCL
$367B
| $1.45B | 0.98% |
17,745,233
+121,666
| +0.7% | +$9.25M |
|
24
TotalEnergies
TTE
$193B
| $1.45B | 0.98% |
23,328,736
+236,401
| +1% | +$13.5M |
|
25
Merck
MRK
$321B
| $1.35B | 0.91% |
12,179,786
+143,329
| +1% | +$14.7M |
|
Similar funds
Ken Fisher's Q4 2022 Portfolio in Review
As of Q4 2022, Ken Fisher held 1,228 positions worth $148B, up 11% from $133B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher's Q4 2022 filing shows 150 new, 438 increased, 394 reduced and 203 closed positions. Its largest new stake was Macerich: 4,023,537 shares worth $45.3M. The largest sale was iShares iBoxx $ Investment Grade Corporate Bond ETF, an estimated $683M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q4 2022 buy was Macerich: 4,023,537 shares worth $45.3M.
- Ken Fisher added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2022, an estimated $821M increase.
- Ken Fisher's biggest Q4 2022 reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, cutting an estimated $683M.
- Ken Fisher fully exited Fair Isaac in Q4 2022, selling an estimated $35.3M.
- Ken Fisher's ten largest holdings make up 26% of its $148B portfolio in Q4 2022.
- Ken Fisher opened 150 new positions and closed 203 in Q4 2022.
- Ken Fisher's portfolio value rose 11% quarter-over-quarter to $148B.
Based on Fisher Asset Management's 13F filing for Q4 2022, filed 3 Feb 2023.