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 |
ExxonMobil
XOM
|
+$1.18B |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$340M |
| 3 |
Coca-Cola
KO
|
+$280M |
| 4 |
NVIDIA
NVDA
|
+$274M |
| 5 |
iShares US Pharmaceuticals ETF
IHE
|
+$209M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$828M |
| 2 |
ABB
ABB Ltd
ABB
|
+$679M |
| 3 |
NextEra Energy
NEE
|
+$553M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$231M |
| 5 |
PepsiCo
PEP
|
+$224M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30% |
| 2 | Financials | 12.45% |
| 3 | Consumer Discretionary | 10.07% |
| 4 | Healthcare | 9.87% |
| 5 | Industrials | 7.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.9T
| $10.5B | 5.57% |
54,702,300
+1,067,587
| +2% | +$197M |
|
2
Microsoft
MSFT
$3.35T
| $9.54B | 5.05% |
25,381,692
+403,409
| +2% | +$144M |
|
3
Amazon
AMZN
$2.53T
| $6.35B | 3.36% |
41,781,324
+428,106
| +1% | +$60M |
|
4
Alphabet (Google) Class A
GOOGL
$4.08T
| $6.31B | 3.34% |
45,178,075
+1,429,261
| +3% | +$192M |
|
|
5
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $5.94B | 3.14% |
73,066,770
+4,407,258
| +6% | +$340M |
|
|
6
NVIDIA
NVDA
$4.72T
| $4.43B | 2.34% |
89,419,350
+5,921,990
| +7% | +$274M |
|
7
Advanced Micro Devices
AMD
$791B
| $4.18B | 2.21% |
28,338,223
+570,035
| +2% | +$67.2M |
|
8
Salesforce
CRM
$148B
| $3.92B | 2.07% |
14,905,462
+736,986
| +5% | +$167M |
|
9
ASML
ASML
$634B
| $3.76B | 1.99% |
4,967,958
+95,795
| +2% | +$63.3M |
|
10
TSMC
TSM
$2.09T
| $3.23B | 1.71% |
31,060,369
+422,976
| +1% | +$40.3M |
|
11
Home Depot
HD
$332B
| $3.05B | 1.61% |
8,790,895
+184,480
| +2% | +$57.1M |
|
12
Adobe
ADBE
$98.5B
| $2.72B | 1.44% |
4,553,911
+10,204
| +0.2% | +$5.89M |
|
13
Eli Lilly
LLY
$1.03T
| $2.65B | 1.4% |
4,542,089
+85,015
| +2% | +$49.6M |
|
14
Caterpillar
CAT
$373B
| $2.41B | 1.27% |
8,139,040
+173,108
| +2% | +$44.9M |
|
15
Broadcom
AVGO
$1.85T
| $2.38B | 1.26% |
21,292,370
+772,900
| +4% | +$73.2M |
|
16
Freeport-McMoran
FCX
$91.2B
| $2.37B | 1.25% |
55,656,836
+976,592
| +2% | +$36.1M |
|
17
Lam Research
LRCX
$372B
| $2.33B | 1.23% |
29,735,160
+867,210
| +3% | +$59.1M |
|
18
Visa
V
$673B
| $2.32B | 1.23% |
8,900,179
+166,767
| +2% | +$41.1M |
|
19
Goldman Sachs
GS
$302B
| $2.13B | 1.13% |
5,516,093
+150,532
| +3% | +$50.2M |
|
20
JPMorgan Chase
JPM
$933B
| $2.01B | 1.06% |
11,836,898
+450,098
| +4% | +$68.2M |
|
21
Netflix
NFLX
$305B
| $2B | 1.06% |
41,156,130
+728,070
| +2% | +$31.8M |
|
22
Intuit
INTU
$86.3B
| $1.95B | 1.03% |
3,114,975
+270,432
| +10% | +$149M |
|
23
Oracle
ORCL
$367B
| $1.94B | 1.03% |
18,421,284
-364,023
| -2% | -$39.7M |
|
24
Meta Platforms (Facebook)
META
$1.37T
| $1.93B | 1.02% |
5,449,850
+407,412
| +8% | +$133M |
|
25
Morgan Stanley
MS
$330B
| $1.89B | 1% |
20,228,334
+495,055
| +3% | +$39.6M |
|
Similar funds
Ken Fisher's Q4 2023 Portfolio in Review
As of Q4 2023, Ken Fisher held 1,269 positions worth $189B, up 7.3% from $176B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Ken Fisher withdrew a net $8.48B in Q4 2023, closing 288 positions and reducing 487 holdings. Its most notable exit was SIEMENS AKTIENGESELLSCHAFT ADS, an estimated $828M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Ken Fisher opened a new position in Veralto worth $93.6M.
- Ken Fisher's largest Q4 2023 buy was Veralto: 1,137,890 shares worth $93.6M.
- Ken Fisher added most to ExxonMobil in Q4 2023, an estimated $1.18B increase.
- Ken Fisher's biggest Q4 2023 reduction was NextEra Energy, cutting an estimated $553M.
- Ken Fisher fully exited SIEMENS AKTIENGESELLSCHAFT ADS in Q4 2023, selling an estimated $828M.
- Ken Fisher's ten largest holdings make up 31% of its $189B portfolio in Q4 2023.
- Ken Fisher opened 101 new positions and closed 288 in Q4 2023.
- Ken Fisher's portfolio value rose 7.3% quarter-over-quarter to $189B.
Based on Fisher Asset Management's 13F filing for Q4 2023, filed 6 Feb 2024.