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 |
Canadian Natural Resources
CNQ
|
+$1.58B |
| 2 |
iShares MBS ETF
MBB
|
+$1.49B |
| 3 |
RTX Corp
RTX
|
+$839M |
| 4 |
Microsoft
MSFT
|
+$566M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$555M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
|
+$1.27B |
| 2 |
Advanced Micro Devices
AMD
|
+$920M |
| 3 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$682M |
| 4 |
VanEck Semiconductor ETF
SMH
|
+$567M |
| 5 |
Vanguard Information Technology ETF
VGT
|
+$291M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.6% |
| 2 | Financials | 11.61% |
| 3 | Healthcare | 9.91% |
| 4 | Consumer Discretionary | 9.26% |
| 5 | Industrials | 7.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.35T
| $12.2B | 5.3% |
27,267,737
+1,340,392
| +5% | +$566M |
|
2
Apple
AAPL
$4.9T
| $12.1B | 5.27% |
57,503,020
+1,619,205
| +3% | +$302M |
|
3
NVIDIA
NVDA
$4.72T
| $11.5B | 5.02% |
93,437,327
+2,103,107
| +2% | +$213M |
|
4
Alphabet (Google) Class A
GOOGL
$4.08T
| $8.86B | 3.85% |
48,620,515
+2,295,441
| +5% | +$387M |
|
5
Amazon
AMZN
$2.53T
| $8.46B | 3.68% |
43,780,397
+1,214,055
| +3% | +$223M |
|
|
6
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $7.18B | 3.12% |
89,836,120
+6,995,435
| +8% | +$555M |
|
7
TSMC
TSM
$2.09T
| $4.94B | 2.15% |
28,407,252
-600,821
| -2% | -$91.1M |
|
8
Eli Lilly
LLY
$1.03T
| $4.43B | 1.93% |
4,888,710
+195,855
| +4% | +$157M |
|
|
9
Advanced Micro Devices
AMD
$791B
| $3.76B | 1.63% |
23,151,197
-5,716,366
| -20% | -$920M |
|
10
Broadcom
AVGO
$1.85T
| $3.62B | 1.57% |
22,546,860
+865,090
| +4% | +$121M |
|
11
ExxonMobil
XOM
$651B
| $3.25B | 1.41% |
28,247,682
+1,816,492
| +7% | +$212M |
|
12
ASML
ASML
$634B
| $3.23B | 1.4% |
3,154,343
+54,865
| +2% | +$52.7M |
|
13
Home Depot
HD
$332B
| $3.17B | 1.38% |
9,220,695
+238,362
| +3% | +$81.3M |
|
14
Meta Platforms (Facebook)
META
$1.37T
| $3.16B | 1.38% |
6,275,927
+627,735
| +11% | +$305M |
|
15
Walmart Inc
WMT
$884B
| $3.08B | 1.34% |
45,552,647
+2,356,929
| +5% | +$148M |
|
16
Salesforce
CRM
$148B
| $3.08B | 1.34% |
11,962,021
+1,120,843
| +10% | +$300M |
|
17
Chevron
CVX
$383B
| $2.94B | 1.28% |
18,810,144
+950,368
| +5% | +$152M |
|
18
Netflix
NFLX
$305B
| $2.94B | 1.28% |
43,579,520
+1,724,770
| +4% | +$108M |
|
19
Caterpillar
CAT
$373B
| $2.91B | 1.27% |
8,747,620
+405,979
| +5% | +$141M |
|
20
Procter & Gamble
PG
$335B
| $2.89B | 1.26% |
17,550,134
+1,100,313
| +7% | +$180M |
|
21
Freeport-McMoran
FCX
$91.2B
| $2.82B | 1.23% |
58,016,901
+1,386,953
| +2% | +$69.9M |
|
22
Goldman Sachs
GS
$302B
| $2.66B | 1.16% |
5,881,507
+222,920
| +4% | +$97.8M |
|
23
Adobe
ADBE
$98.5B
| $2.65B | 1.15% |
4,766,441
+251,148
| +6% | +$122M |
|
24
JPMorgan Chase
JPM
$933B
| $2.58B | 1.12% |
12,740,431
+487,049
| +4% | +$95.2M |
|
25
Costco
COST
$423B
| $2.51B | 1.09% |
2,955,901
+94,415
| +3% | +$73.7M |
|
Similar funds
Ken Fisher's Q2 2024 Portfolio in Review
As of Q2 2024, Ken Fisher held 1,069 positions worth $230B, up 7.4% from $214B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Ken Fisher deployed $7.03B of net new capital in Q2 2024, opening 105 new positions and adding to 492 existing holdings. Its largest new stake was ZTO Express: 3,166,868 shares worth $65.7M.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street SPDR Portfolio Short Term Treasury ETF, an estimated $1.27B trimmed.
- Ken Fisher's largest Q2 2024 buy was ZTO Express: 3,166,868 shares worth $65.7M.
- Ken Fisher added most to Canadian Natural Resources in Q2 2024, an estimated $1.58B increase.
- Ken Fisher's biggest Q2 2024 reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $1.27B.
- Ken Fisher fully exited Thor Industries in Q2 2024, selling an estimated $24.5M.
- Ken Fisher's ten largest holdings make up 34% of its $230B portfolio in Q2 2024.
- Ken Fisher opened 105 new positions and closed 83 in Q2 2024.
- Ken Fisher's portfolio value rose 7.4% quarter-over-quarter to $230B.
Based on Fisher Asset Management's 13F filing for Q2 2024, filed 14 Aug 2024.