Key Points

  • 1. Ken Fisher's Q4 2023 portfolio, valued at $201 billion and distributed across 1161 stocks, provides insights into investment strategies and trends shaping the financial landscape.
  • 2. The portfolio's diversification across various sectors and industries mitigates risk and allows for exposure to potential high-growth areas of the market.
  • 3. The significant increase in portfolio value suggests Fisher Asset Management capitalized on favorable market conditions or identified undervalued assets.
  • 4. Fisher's approach to investing encompasses both established blue-chip companies and promising up-and-coming firms, aligning with his philosophy of seeking value and growth.
  • 5. Qualitative factors such as macroeconomic trends, geopolitical developments, and company-specific fundamentals influence Fisher's investment decisions, alongside thorough research and analysis.

In the ever-evolving world of investment management, the release of quarterly portfolios by notable figures like Ken Fisher of Fisher Asset Management, LLC is a moment of anticipation and analysis for market observers.

The recently disclosed Q4 2023 portfolio, with a reported value of a staggering $201 billion, distributed across 1161 stocks, provides valuable insights into the investment strategies and trends shaping the current financial landscape.

The Portfolio Composition

Examining the 13F form, which mandates institutional investment managers to disclose their equity holdings quarterly, reveals a remarkable increase of $27.6 billion in the current position value from the previous quarter. Such a substantial growth in portfolio value underscores the confidence and acumen behind Fisher Asset Management's investment decisions.

One of the most notable aspects of Ken Fisher's portfolio is its diversification across a wide range of stocks, reflecting a strategy that seeks to capitalize on opportunities across various sectors and industries. This diversification not only mitigates risk but also allows for exposure to potential high-growth areas of the market.

While the exact composition of the portfolio is not disclosed, the sheer number of stocks held indicates a broad-based approach to investing, encompassing both established blue-chip companies and promising up-and-coming firms. This diversified approach aligns with Fisher's long-standing philosophy of seeking value and growth wherever it may be found in the market.

Furthermore, the significant increase in the portfolio's value suggests that Fisher Asset Management may have capitalized on favorable market conditions or identified undervalued assets ripe for appreciation. This proactive approach to portfolio management underscores the firm's commitment to delivering returns for its investors while navigating the complexities of the financial markets.

Top Holdings

  • AAPL | Apple Inc. (5.25% of portfolio)
  • Apple Inc. - A technology giant known for its iconic products such as the iPhone, iPad, and Mac computers. Apple's innovative ecosystem and loyal customer base drive its success in the tech industry.

    Discover the investment potential of Apple Inc.

  • MSFT | Microsoft Corporation (4.75% of portfolio)
  • Microsoft Corporation - A leading technology company specializing in software, cloud services, and hardware products. Microsoft's diverse portfolio includes Windows, Office, Azure, and Xbox.

    Unlock the potential of investing in Microsoft Corporation.

  • AMZN | Amazon.com, Inc. (3.19% of portfolio)
  • Amazon.com, Inc. - The world's largest online retailer and cloud computing company, offering a wide range of products and services. Amazon's e-commerce dominance and AWS cloud platform drive its growth.

    Explore the investment opportunities with Amazon.com, Inc.

  • GOOGL | Alphabet Inc. (3.14% of portfolio)
  • Alphabet Inc. - The parent company of Google, renowned for its dominance in online search, advertising, and technological innovation. Alphabet's diverse portfolio includes Google, YouTube, and Waymo.

    Unlock the potential of investing in Alphabet Inc.

  • VCIT | Vanguard Intermediate-Term Corporate Bond ETF (2.96% of portfolio)
  • Vanguard Intermediate-Term Corporate Bond ETF - An exchange-traded fund (ETF) providing exposure to investment-grade corporate bonds with intermediate-term maturities. VCIT offers diversification and income potential for investors.

    Explore the investment potential of Vanguard Intermediate-Term Corporate Bond ETF.

Top Buys

  • MSFT | Microsoft Corporation (Added by 1.84%)
  • Microsoft Corporation - A multinational technology company known for its software products, including Windows operating systems, Office productivity suite, and Azure cloud services. Microsoft is a leader in the tech industry, driving innovation and digital transformation.

    Explore the investment potential of Microsoft Corporation.

  • AAPL | Apple Inc. (Added by 2.3%)
  • Apple Inc. - A global technology company renowned for its iconic products, including the iPhone, iPad, Mac, and Apple Watch. Apple's ecosystem of hardware, software, and services continues to shape the future of personal computing and digital lifestyle.

    Discover the investment opportunities with Apple Inc.

  • AMD | Advanced Micro Devices, Inc. (Added by 2.16%)
  • Advanced Micro Devices, Inc. - A semiconductor company specializing in the design and manufacturing of microprocessors, graphics processing units (GPUs), and other computing technologies. AMD is known for its innovative products and competitive performance in the CPU and GPU markets.

    Unlock the potential of investing in Advanced Micro Devices, Inc.

  • AMZN | Amazon.com, Inc. (Added by 2.15%)
  • Amazon.com, Inc. - An e-commerce and technology giant offering a wide range of products and services, including online retail, cloud computing, digital streaming, and artificial intelligence. Amazon's disruptive business model and relentless focus on customer experience have reshaped multiple industries.

    Explore the investment opportunities with Amazon.com, Inc.

  • XOM | Exxon Mobil Corporation (Added by 566.18%)
  • Exxon Mobil Corporation - A multinational energy company engaged in the exploration, production, refining, and marketing of petroleum and natural gas products. Exxon Mobil is one of the world's largest publicly traded oil and gas companies, with a global presence in the energy sector.

    Discover the investment potential of Exxon Mobil Corporation.

Top Sells

  • NEE | NextEra Energy, Inc. (Reduced by 99.14%)
  • NextEra Energy, Inc. - A leading clean energy company engaged in the generation, transmission, and distribution of electricity. NextEra Energy is committed to sustainable energy solutions and innovation.

    Explore the investment potential of NextEra Energy, Inc.

  • PEP | PepsiCo, Inc. (Reduced by 16.99%)
  • PepsiCo, Inc. - A multinational food and beverage corporation known for brands such as Pepsi, Frito-Lay, Gatorade, and Quaker. PepsiCo's diverse product portfolio spans across snacks, beverages, and convenience foods.

    Discover the investment opportunities with PepsiCo, Inc.

  • JNJ | Johnson & Johnson (Reduced by 15.07%)
  • Johnson & Johnson - A global healthcare company engaged in pharmaceuticals, medical devices, and consumer health products. Johnson & Johnson is renowned for its commitment to advancing health and well-being.

    Unlock the potential of investing in Johnson & Johnson.

  • SNY | Sanofi (Reduced by 4.12%)
  • Sanofi - A multinational pharmaceutical company focused on research, development, and manufacturing of healthcare products. Sanofi's diverse portfolio includes prescription drugs, vaccines, and consumer healthcare products.

    Explore the investment opportunities with Sanofi.

  • EUFN | iShares MSCI Europe Financials ETF (Reduced by 20.86%)
  • iShares MSCI Europe Financials ETF - An exchange-traded fund (ETF) providing exposure to financial sector companies in Europe. EUFN offers investors access to a diversified portfolio of European financial institutions.

    Discover the investment potential of iShares MSCI Europe Financials ETF.

In addition to the quantitative aspects of the portfolio, it's also crucial to consider the qualitative factors that may influence Fisher's investment decisions. These may include macroeconomic trends, geopolitical developments, industry-specific dynamics, and company-specific fundamentals. By conducting thorough research and analysis, Fisher and his team can identify investment opportunities with the potential for long-term growth and value creation.

As investors and market participants digest the details of Ken Fisher's Q4 2023 portfolio, it serves as a reminder of the importance of diligence, strategy, and adaptability in the world of investing. While past performance is not indicative of future results, Fisher's track record and approach to investing provide valuable insights for investors seeking to navigate the ever-changing landscape of the financial markets. As the new year unfolds, all eyes will be on Fisher Asset Management to see how they continue to navigate the opportunities and challenges that lie ahead.


Ken Fisher

Ken Fisher

Ken Fisher is the founder and executive chairman of Fisher Asset Management, a successful investment firm that focuses on global equities. Fisher is known for his expertise in value investing and has a reputation for being a skilled and disciplined investor. He is also a regular contributor to financial media and is a frequent speaker on the topic of investing.
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