According to Ken Fisher, the stock market would be unaffected by a Russian invasion of Ukraine. Fisher Asset Management is headed by Fisher. “Regional conflicts” do not have the power to influence “coldhearted markets,” according to the famous investor. Fisher warned that sanctions and restrictions on Russian energy exports could “briefly” pressure prices. Fisher manages a portfolio worth more than $178 billion, and his latest market moves give a clearer indication of his overall economic outlook. He has a net worth in the neighborhood of $6 billion.
Here is Insider Monkey’s list of the 10 stocks that Ken Fisher is dumping. Cisco Systems is a company that provides internet-based products and services. During the fourth quarter, the fund sold off a significant portion of its stake. More than 12.7 million shares worth over $809 million remain in the company’s hands, making up 0.45% of the portfolio. Stock in Exxon Mobil Corporation owned by the fund totaled 4.7 million shares, worth $293 million, or 0.16 percent of its total holdings. 64 hedge funds in Insider Monkey’s database held $4.6 billion worth of Exxon Mobil Corp. stakes at the end of the third quarter of 2019. Hexcel Corporation is the stock symbol for a company that manufactures and sells a variety of structural materials. The company is owned by some of the world’s most prestigious hedge funds. 21 hedge funds in Insider Monkey’s database owned $122 million in Hexcel Corporation at the end of the third quarter of 2021. At the end of the fourth quarter of 2021, Fisher Asset Management owned nearly $700 million worth of shares in the company. Hedge fund holdings in UnitedHealth Group Incorporated dropped from 105 in the previous quarter to 95 in the current quarter, a drop of $11.7 billion. In the third quarter of 2021, 101 hedge funds had $9.4 billion invested in The Walt Disney Company compared to 112 hedge funds who had $10.8 billion invested in the company in the previous quarter. DIS shares owned by Fisher Asset Management, according to the latest data, are worth $800 million. For more details, click 10 Stocks That Ken Fisher Is Dumping.
