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 |
Procter & Gamble
PG
|
+$784M |
| 2 |
PepsiCo
PEP
|
+$635M |
| 3 |
UnitedHealth
UNH
|
+$599M |
| 4 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$376M |
| 5 |
JPMorgan Chase
JPM
|
+$359M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$510M |
| 2 |
HES
Hess
HES
|
+$465M |
| 3 |
Uber
UBER
|
+$413M |
| 4 |
SLB Ltd
SLB
|
+$404M |
| 5 |
PayPal
PYPL
|
+$354M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.64% |
| 2 | Financials | 10.93% |
| 3 | Healthcare | 9.92% |
| 4 | Consumer Discretionary | 9.41% |
| 5 | Industrials | 7.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.9T
| $9.18B | 5.21% |
53,634,713
+878,492
| +2% | +$161M |
|
2
Microsoft
MSFT
$3.35T
| $7.89B | 4.47% |
24,978,283
+560,745
| +2% | +$185M |
|
3
Alphabet (Google) Class A
GOOGL
$4.08T
| $5.72B | 3.25% |
43,748,814
+1,032,050
| +2% | +$134M |
|
4
Amazon
AMZN
$2.53T
| $5.26B | 2.98% |
41,353,218
+675,381
| +2% | +$90.5M |
|
|
5
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $5.22B | 2.96% |
68,659,512
+4,827,304
| +8% | +$376M |
|
6
NVIDIA
NVDA
$4.72T
| $3.63B | 2.06% |
83,497,360
-2,588,940
| -3% | -$116M |
|
7
Salesforce
CRM
$148B
| $2.87B | 1.63% |
14,168,476
+279,320
| +2% | +$60.4M |
|
8
ASML
ASML
$634B
| $2.87B | 1.63% |
4,872,163
+90,496
| +2% | +$60.1M |
|
9
Advanced Micro Devices
AMD
$791B
| $2.86B | 1.62% |
27,768,188
+798,237
| +3% | +$86.7M |
|
10
TSMC
TSM
$2.09T
| $2.66B | 1.51% |
30,637,393
+1,079,574
| +4% | +$102M |
|
11
Home Depot
HD
$332B
| $2.6B | 1.47% |
8,606,415
+68,312
| +0.8% | +$22M |
|
12
Eli Lilly
LLY
$1.03T
| $2.39B | 1.36% |
4,457,074
+220,032
| +5% | +$113M |
|
13
Adobe
ADBE
$98.5B
| $2.32B | 1.31% |
4,543,707
-267,471
| -6% | -$140M |
|
14
Caterpillar
CAT
$373B
| $2.17B | 1.23% |
7,965,932
+241,626
| +3% | +$65.5M |
|
15
Freeport-McMoran
FCX
$91.2B
| $2.04B | 1.16% |
54,680,244
-148,955
| -0.3% | -$6M |
|
16
Visa
V
$673B
| $2.01B | 1.14% |
8,733,412
+189,300
| +2% | +$45.5M |
|
17
Oracle
ORCL
$367B
| $1.99B | 1.13% |
18,785,307
+251,050
| +1% | +$29.1M |
|
18
Lam Research
LRCX
$372B
| $1.81B | 1.03% |
28,867,950
+745,200
| +3% | +$49M |
|
19
Goldman Sachs
GS
$302B
| $1.74B | 0.98% |
5,365,561
+173,807
| +3% | +$58.1M |
|
20
Broadcom
AVGO
$1.85T
| $1.7B | 0.97% |
20,519,470
+952,790
| +5% | +$82.6M |
|
|
21
JPMorgan Chase
JPM
$933B
| $1.65B | 0.94% |
11,386,800
+2,392,576
| +27% | +$359M |
|
22
Morgan Stanley
MS
$330B
| $1.61B | 0.91% |
19,733,279
-182,649
| -0.9% | -$15.9M |
|
23
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $1.56B | 0.88% |
15,271,529
+150,239
| +1% | +$15.8M |
|
24
American Express
AXP
$228B
| $1.56B | 0.88% |
10,433,866
-1,088,188
| -9% | -$178M |
|
25
Costco
COST
$423B
| $1.53B | 0.87% |
2,709,082
+52,278
| +2% | +$28.9M |
|
Similar funds
Ken Fisher's Q3 2023 Portfolio in Review
As of Q3 2023, Ken Fisher held 1,293 positions worth $176B, down 2.5% from $181B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Ken Fisher's Q3 2023 filing shows 130 new, 437 increased, 474 reduced and 125 closed positions. Its largest new stake was Murphy Oil: 991,976 shares worth $45M. The largest sale was ExxonMobil, an estimated $510M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q3 2023 buy was Murphy Oil: 991,976 shares worth $45M.
- Ken Fisher added most to Procter & Gamble in Q3 2023, an estimated $784M increase.
- Ken Fisher's biggest Q3 2023 reduction was ExxonMobil, cutting an estimated $510M.
- Ken Fisher fully exited PDC Energy, Inc. in Q3 2023, selling an estimated $78.7M.
- Ken Fisher's ten largest holdings make up 27% of its $176B portfolio in Q3 2023.
- Ken Fisher opened 130 new positions and closed 125 in Q3 2023.
- Ken Fisher's portfolio value fell 2.5% quarter-over-quarter to $176B.
Based on Fisher Asset Management's 13F filing for Q3 2023, filed 13 Nov 2023.