Billionaire Ken Fisher is dramatically increasing his company’s position in US banking giant JPMorgan Chase.
New SEC files show Fisher, who founded the $244 billion Fisher Asset Management, increased the company’s JPMorgan Chase (JPM) holdings by about $800 million in the third quarter, adding 4.04 million shares.
That’s a 31% increase in the company’s exposure to the bank, bringing its total holdings to 16.78 million shares.
As 2025 approaches, Fisher Asset Management has also added to its top holdings: Apple (AAPL), Microsoft (MSFT), NVIDIA (NVDA), Amazon (AMZN), and Aphabet (GOOGL).
Furthermore, looking for Alpha reports the company 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 company reduced exposure to American Express, Novo-Nordisk and Stryker Corp.
In the third quarter, Fisher Asset Management grew its portfolio by about six percent, from $230 billion to $244 billion.
The company has approximately 160,000 customers and total assets under management of approximately $260 billion.
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