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 |
Citigroup
C
|
+$1.16B |
| 2 |
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
|
+$973M |
| 3 |
Boeing
BA
|
+$825M |
| 4 |
Booking.com
BKNG
|
+$807M |
| 5 |
Las Vegas Sands
LVS
|
+$507M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Microsoft
MSFT
|
+$1.06B |
| 3 |
Amazon
AMZN
|
+$1.01B |
| 4 |
Netflix
NFLX
|
+$835M |
| 5 |
Meta Platforms (Facebook)
META
|
+$745M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.64% |
| 2 | Financials | 11.65% |
| 3 | Consumer Discretionary | 9.35% |
| 4 | Healthcare | 9.23% |
| 5 | Industrials | 8.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$4.9T
| $8.53B | 5.18% |
51,723,762
-8,151,122
| -14% | -$1.2B |
|
|
2
Microsoft
MSFT
$3.35T
| $6.92B | 4.2% |
24,006,107
-4,165,496
| -15% | -$1.06B |
|
3
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $4.76B | 2.89% |
59,351,780
+3,239,798
| +6% | +$257M |
|
4
Alphabet (Google) Class A
GOOGL
$4.08T
| $4.34B | 2.63% |
41,792,777
+126,188
| +0.3% | +$12.1M |
|
|
5
Amazon
AMZN
$2.53T
| $4.14B | 2.51% |
40,082,749
-10,487,230
| -21% | -$1.01B |
|
6
ASML
ASML
$634B
| $3.19B | 1.94% |
4,689,366
-33,954
| -0.7% | -$21.8M |
|
7
Salesforce
CRM
$148B
| $2.7B | 1.64% |
13,512,167
-363,242
| -3% | -$61.4M |
|
8
NVIDIA
NVDA
$4.72T
| $2.67B | 1.62% |
95,943,250
-4,422,010
| -4% | -$95.7M |
|
9
Advanced Micro Devices
AMD
$791B
| $2.58B | 1.57% |
26,310,362
+425,318
| +2% | +$34.6M |
|
10
Home Depot
HD
$332B
| $2.48B | 1.5% |
8,395,471
+107,697
| +1% | +$33M |
|
11
TSMC
TSM
$2.09T
| $2.37B | 1.44% |
25,389,619
+971,844
| +4% | +$87.2M |
|
12
Freeport-McMoran
FCX
$91.2B
| $2.2B | 1.34% |
53,896,870
+576,110
| +1% | +$24M |
|
13
American Express
AXP
$228B
| $2.11B | 1.28% |
12,812,855
-1,698,617
| -12% | -$282M |
|
14
Visa
V
$673B
| $1.89B | 1.15% |
8,391,484
+59,937
| +0.7% | +$13.3M |
|
15
Adobe
ADBE
$98.5B
| $1.78B | 1.08% |
4,610,991
-459,308
| -9% | -$163M |
|
16
Caterpillar
CAT
$373B
| $1.72B | 1.05% |
7,522,922
+132,306
| +2% | +$32M |
|
17
Morgan Stanley
MS
$330B
| $1.7B | 1.03% |
19,323,644
+350,375
| +2% | +$32.7M |
|
18
Oracle
ORCL
$367B
| $1.66B | 1.01% |
17,886,130
+140,897
| +0.8% | +$12.4M |
|
19
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.66B | 1.01% |
15,133,565
-390,049
| -3% | -$42.2M |
|
20
Goldman Sachs
GS
$302B
| $1.65B | 1% |
5,049,707
+149,276
| +3% | +$52M |
|
21
Lam Research
LRCX
$372B
| $1.43B | 0.87% |
27,007,220
+588,630
| +2% | +$28.9M |
|
22
Eli Lilly
LLY
$1.03T
| $1.41B | 0.85% |
4,095,501
+101,303
| +3% | +$34.2M |
|
23
Thermo Fisher Scientific
TMO
$214B
| $1.38B | 0.84% |
2,395,971
+44,874
| +2% | +$25.3M |
|
|
24
Netflix
NFLX
$305B
| $1.35B | 0.82% |
39,102,430
-25,245,220
| -39% | -$835M |
|
25
Merck
MRK
$321B
| $1.31B | 0.8% |
12,345,713
+165,927
| +1% | +$17.9M |
|
Similar funds
Ken Fisher's Q1 2023 Portfolio in Review
As of Q1 2023, Ken Fisher held 1,208 positions worth $165B, up 11% from $148B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ken Fisher's Q1 2023 filing shows 183 new, 335 increased, 567 reduced and 73 closed positions. Its largest new stake was State Street SPDR Portfolio Short Term Treasury ETF: 33,536,153 shares worth $980M. The largest sale was Apple, an estimated $1.2B.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 25% a quarter earlier, followed by Financials and Consumer Discretionary.
- Ken Fisher's largest Q1 2023 buy was State Street SPDR Portfolio Short Term Treasury ETF: 33,536,153 shares worth $980M.
- Ken Fisher added most to Citigroup in Q1 2023, an estimated $1.16B increase.
- Ken Fisher's biggest Q1 2023 reduction was Apple, cutting an estimated $1.2B.
- Ken Fisher fully exited SVB Financial Group in Q1 2023, selling an estimated $114M.
- Ken Fisher's ten largest holdings make up 26% of its $165B portfolio in Q1 2023.
- Ken Fisher opened 183 new positions and closed 73 in Q1 2023.
- Ken Fisher's portfolio value rose 11% quarter-over-quarter to $165B.
Based on Fisher Asset Management's 13F filing for Q1 2023, filed 1 May 2023.