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 |
PepsiCo
PEP
|
+$821M |
| 2 |
UnitedHealth
UNH
|
+$757M |
| 3 |
Procter & Gamble
PG
|
+$646M |
| 4 |
ExxonMobil
XOM
|
+$580M |
| 5 |
Broadcom
AVGO
|
+$544M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XYZ
Block Inc
XYZ
|
+$700M |
| 2 |
SLB Ltd
SLB
|
+$562M |
| 3 |
PayPal
PYPL
|
+$554M |
| 4 |
Target
TGT
|
+$476M |
| 5 |
Uber
UBER
|
+$428M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.95% |
| 2 | Financials | 10.94% |
| 3 | Healthcare | 9.68% |
| 4 | Consumer Discretionary | 9.44% |
| 5 | Industrials | 7.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.9T
| $10.2B | 5.66% |
52,756,221
+1,032,459
| +2% | +$180M |
|
2
Microsoft
MSFT
$3.35T
| $8.32B | 4.6% |
24,417,538
+411,431
| +2% | +$129M |
|
3
Amazon
AMZN
$2.53T
| $5.3B | 2.93% |
40,677,837
+595,088
| +1% | +$68M |
|
4
Alphabet (Google) Class A
GOOGL
$4.08T
| $5.11B | 2.83% |
42,716,764
+923,987
| +2% | +$106M |
|
5
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $5.04B | 2.79% |
63,832,208
+4,480,428
| +8% | +$356M |
|
6
NVIDIA
NVDA
$4.72T
| $3.64B | 2.01% |
86,086,300
-9,856,950
| -10% | -$327M |
|
7
ASML
ASML
$634B
| $3.47B | 1.92% |
4,781,667
+92,301
| +2% | +$62.8M |
|
8
Advanced Micro Devices
AMD
$791B
| $3.07B | 1.7% |
26,969,951
+659,589
| +3% | +$68.6M |
|
9
TSMC
TSM
$2.09T
| $2.98B | 1.65% |
29,557,819
+4,168,200
| +16% | +$388M |
|
10
Salesforce
CRM
$148B
| $2.93B | 1.62% |
13,889,156
+376,989
| +3% | +$77M |
|
11
Home Depot
HD
$332B
| $2.65B | 1.47% |
8,538,103
+142,632
| +2% | +$42.1M |
|
12
Adobe
ADBE
$98.5B
| $2.35B | 1.3% |
4,811,178
+200,187
| +4% | +$80.6M |
|
13
Oracle
ORCL
$367B
| $2.21B | 1.22% |
18,534,257
+648,127
| +4% | +$67M |
|
14
Freeport-McMoran
FCX
$91.2B
| $2.19B | 1.21% |
54,829,199
+932,329
| +2% | +$35.5M |
|
15
Visa
V
$673B
| $2.03B | 1.12% |
8,544,112
+152,628
| +2% | +$34.9M |
|
16
American Express
AXP
$228B
| $2.01B | 1.11% |
11,522,054
-1,290,801
| -10% | -$208M |
|
17
Eli Lilly
LLY
$1.03T
| $1.99B | 1.1% |
4,237,042
+141,541
| +3% | +$59.4M |
|
18
Caterpillar
CAT
$373B
| $1.9B | 1.05% |
7,724,306
+201,384
| +3% | +$44.9M |
|
19
Lam Research
LRCX
$372B
| $1.81B | 1% |
28,122,750
+1,115,530
| +4% | +$62.9M |
|
20
Netflix
NFLX
$305B
| $1.76B | 0.97% |
39,908,320
+805,890
| +2% | +$29.7M |
|
21
Morgan Stanley
MS
$330B
| $1.7B | 0.94% |
19,915,928
+592,284
| +3% | +$50.7M |
|
|
22
Broadcom
AVGO
$1.85T
| $1.7B | 0.94% |
19,566,680
+7,623,560
| +64% | +$544M |
|
23
Goldman Sachs
GS
$302B
| $1.67B | 0.93% |
5,191,754
+142,047
| +3% | +$46.7M |
|
24
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.64B | 0.9% |
15,121,290
-12,275
| -0.1% | -$1.33M |
|
25
Intuitive Surgical
ISRG
$126B
| $1.52B | 0.84% |
4,443,623
+57,524
| +1% | +$17.4M |
|
Similar funds
Ken Fisher's Q2 2023 Portfolio in Review
As of Q2 2023, Ken Fisher held 1,244 positions worth $181B, up 9.9% from $165B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Ken Fisher's Q2 2023 filing shows 109 new, 547 increased, 343 reduced and 81 closed positions. Its largest new stake was CNB Financial Corp: 67,868 shares worth $1.2M. The largest sale was Block Inc, an estimated $700M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 27% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q2 2023 buy was CNB Financial Corp: 67,868 shares worth $1.2M.
- Ken Fisher added most to PepsiCo in Q2 2023, an estimated $821M increase.
- Ken Fisher's biggest Q2 2023 reduction was Block Inc, cutting an estimated $700M.
- Ken Fisher fully exited Mechanics Bancorp in Q2 2023, selling an estimated $1.17M.
- Ken Fisher's ten largest holdings make up 28% of its $181B portfolio in Q2 2023.
- Ken Fisher opened 109 new positions and closed 81 in Q2 2023.
- Ken Fisher's portfolio value rose 9.9% quarter-over-quarter to $181B.
Based on Fisher Asset Management's 13F filing for Q2 2023, filed 8 Aug 2023.