Insider Monkey

Ken Fisher’s 15 New Purchases/Additions

Swati Goyal
19 min read

In This Article:

In this article, we discuss Ken Fisher's 15 new purchases/additions. If you want to skip the investment philosophy of Ken Fisher and the detailed analysis of Fisher Asset Management, go directly to Ken Fisher's 5 New Purchases/Additions.

Ken Fisher, the founder, executive chairman and co-chief investment officer of Fisher Asset Management, predicts that the market conditions in 2023 will resemble those of 1967, as outlined in an article posted in the New York Post. In 1966, inflation was high, there were concerns about a possible recession, and the US Federal Reserve was increasing benchmark interest rates to counter inflation. The S&P 500 Index experienced a 22% decline that year, similar to the 2022 market conditions. However, the market recovered in the fourth quarter of 1966, with a 6% gain, and recorded a YoY rise of 24% in 1967. The current market has also staged a comeback, with a 7.2% gain since October 2022.

In one of the interviews, Ken Fisher suggested that investors can position their portfolio to benefit from a new bull market bounce by investing in categories that have dropped the most during the bear market. He said that we are currently in the early stages of a new bull market that began in October 2022 and expects sectors that were hurt the most last year, such as information technology and other growth-oriented sectors, to perform well in the first part of this new bull market. Ken Fisher also noted that sectors and categories that did well during the recent bear market, such as energy, tend to underperform during the initial bull market bounce, which may seem counterintuitive to some investors. 

Ken Fisher's 15 New Purchases/Additions
Ken Fisher's 15 New Purchases/Additions

Regardless of whether a new bull market is already underway or not, Ken advised investors to expect the market to bounce in the near future and suggests investing in categories that suffered the most during the downturn as a way to benefit during a market recovery.

Ken Fisher’s Fisher Asset Management 13F portfolio value also increased from $133.41 billion in Q3 to $147.93 billion in Q4 2022. The fund made 145 new purchases in the fourth quarter, additional purchases in 440 stocks, sold out 168 equities, and reduced holdings in 389 stocks. Some of the popular companies in which Ken Fisher made additional/new purchases in his Q4 portfolio include Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOG), and General Motors Company (NYSE:GM).

Our Methodology

For this article, we focused on the top 100 positions and identified the biggest additions/purchases in the fourth quarter of 2022. Then, we picked the top 15 new purchases/additions in Ken Fisher's top 100 positions.

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