Ken Fisher recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. Ken Fisher is the Chief Executive Officer and Chief Investment Officer of Fisher Investments. He has been writing Forbes' prestigious "Portfolio Strategy" column for over two decades, making him one of the longest-running columnists in the magazine's 85+ year history. During his many years of money management and market commentary, Ken has distinguished himself by making numerous, accurate market calls, often in direct opposition to Wall Street's consensus forecast. He is the son of legendary investor Philip A. Fisher, and Ken is the only industry professional his father ever trained. Ken has also written three major finance books, including the 1984 Dow Jones best-seller, Super Stocks, and has been published and/or interviewed in many major global finance and business periodicals. The investment philosophy at Fisher Investments is based on the idea that supply and demand of securities is the sole determinant of their pricing. Furthermore, they believe that all widely known information has already been priced into the market. The way to add value, according to the Fisher strategy, is to "identify information not widely known, or to interpret widely known information differently and correctly from other market participants." Fisher Investments employs a team of research analysts to accomplish these tasks.

Summary of New Buy

Ken Fisher added a total of 98 stocks, among them:
The most significant addition was Mercury Systems Inc, with 395,265 shares, accounting for 0.01% of the portfolio and a total value of $16.6 million. The second largest addition was SolarWinds Corp, consisting of 974,481 shares, representing approximately 0.01% of the portfolio, with a total value of $13.9 million. The third largest addition was Palantir Technologies Inc, with 8,556 shares, accounting for a total value of $647,140.

Key Position Increases

Ken Fisher also increased stakes in a total of 506 stocks, among them:
The most notable increase was iShares 7-10 Year Treasury Bond ETF, with an additional 7,566,487 shares, bringing the total to 49,220,000 shares. This adjustment represents a significant 18.17% increase in share count, a 0.28% impact on the current portfolio, with a total value of $4,550,389,120. The second largest increase was Vanguard Intermediate-Term Corporate Bond ETF, with an additional 4,289,340 shares, bringing the total to 92,783,951. This adjustment represents a significant 4.85% increase in share count, with a total value of $7,447,767,790.

Summary of Sold Out

Ken Fisher completely exited 49 of the holdings in the fourth quarter of 2024, as detailed below:
Marathon Oil Corp: Ken Fisher sold all 2,884,151 shares, resulting in a -0.03% impact on the portfolio. Aspen Technology Inc: Ken Fisher liquidated all 187,109 shares, causing a -0.02% impact on the portfolio.

Key Position Reduces

Ken Fisher also reduced positions in 309 stocks. The most significant changes include:
Reduced Wynn Resorts Ltd by 1,640,444 shares, resulting in a -41.3% decrease in shares and a -0.07% impact on the portfolio. The stock traded at an average price of $94.33 during the quarter and has returned -5.21% over the past 3 months and -4.85% year-to-date. Reduced Haleon PLC by 13,243,267 shares, resulting in a -96.79% reduction in shares and a -0.06% impact on the portfolio. The stock traded at an average price of $9.77 during the quarter and has returned -1.07% over the past 3 months and 1.31% year-to-date.

Portfolio Overview

At the fourth quarter of 2024, Ken Fisher's portfolio included 969 stocks, with top holdings including 5.91% in Apple Inc, 5.25% in NVIDIA Corp, 4.73% in Microsoft Corp, 3.94% in Amazon.com Inc, and 3.81% in Alphabet Inc.
The holdings are mainly concentrated in 10 of all the 11 industries: Technology, Financial Services, Consumer Cyclical, Healthcare, Industrials, Communication Services, Consumer Defensive, Energy, Basic Materials, and Real Estate.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Ken Fisher's Strategic Moves: A Closer Look at iShares 7-10 Year Treasury Bond ETF

Ken Fisher, CEO and Chief Investment Officer of Fisher Investments, submitted his 13F filing for Q4 2024, detailing significant investment moves. Fisher added 98 stocks, including Mercury Systems Inc and SolarWinds Corp, and increased stakes in iShares 7-10 Year Treasury Bond ETF and Vanguard Intermediate-Term Corporate Bond ETF. He also sold out of 49 holdings and reduced positions in 309 stocks. The portfolio's top holdings included Apple Inc, NVIDIA Corp, Microsoft Corp, Amazon.com Inc, and Alphabet Inc.