Billionaire Ken Fisher is dramatically increasing his firm’s position in US banking giant JPMorgan Chase.
New SEC filings show Fisher, who founded the $244 billion Fisher Asset Management, has increased the firm’s JPMorgan Chase (JPM) holdings by about $800 million in Q3, adding 4.04 million shares.
That’s a 31% rise in the firm’s exposure to the bank, bringing its total holdings to 16.78 million shares.
As 2025 arrives, Fisher Asset Management’s has also added to its top holdings – Apple (AAPL), Microsoft (MSFT), NVIDIA (NVDA), Amazon (AMZN) and Aphabet (GOOGL).
In addition, Seeking Alpha reports the firm has increased exposure to a long list of companies, including Taiwan Semiconductor (TSM), Advanced Micro Devices (AMD), Walmart Stores (WMT), Home Depot (HD), Meta Platforms (META), JPMorgan Chase (JPM), Exxon Mobil (XOM), Salesforce.com (CRM), Procter & Gamble (PG), Netflix (NFLX), Chevron Corp (CVX), ASML Holdings (ASML), Visa Inc. (V), Adobe Inc. (ADBE), RTX Corporation (RTX), Canadian Natural Resources (CNQ), Charles Schwab (SCHW), Abbott Labs (ABT), BHP Billiton (BHP), Bank of America (BAC), Booking Holdings (BKNG), Broadcom (AVGO), BlackRock Inc. (BLK), Caterpillar (CAT), Costco Wholesale (COST), Citigroup (C), Capital One Financial (COF), Eli Lilly (LLY), Freeport-McMoRan (FCX), Goldman Sachs (GS), Intuit (INTU), Intuitive Surgical (ISRG), Lam Research (LRCX), Morgan Stanley (MS), Mastercard Inc. (MA), Merck Inc. (MRK), Oracle Corporation (ORCL), PepsiCo (PEP), Shell plc (SHEL), ServiceNow (NOW), TotalEnergies (TTE), Toyota Motor (TM), Thermo Fisher Scientific (TMO), Union Pacific (UNP) and UnitedHealth (UNH).
Meanwhile, the firm reduced exposure to American Express, Novo-Nordisk, and Stryker Corp.
In Q3, Fisher Asset Management grew its portfolio by about six percent, from $230 billion $244 billion.
The firm has about 160,000 clients and about $260 billion in total assets under management.
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https://dailyhodl.com/2024/12/02/billionaire-ken-fisher-pours-800000000-into-jpmorgan-chase-in-massive-bet-on-us-bank-heres-his-top-picks-as-2025-arrives/
2024-12-02 19:09:22