Fisher Asset Management Portfolio holdings
Fisher Asset Management, LLC, operating as Fisher Investments, was founded in 1979 by Ken Fisher and is headquartered in Plano, Texas, following a relocation from Camas, Washington, in 2023. As an independent, fee-only investment adviser, it manages over $275 billion in assets for individual and institutional investors globally as of June 2024, offering tailored portfolio management through its Private Client Group and Institutional Group. Known for its active, top-down investment approach guided by a five-member Investment Policy Committee, the firm emphasizes asset allocation and has expanded internationally with offices in eight countries, including a wholly owned subsidiary, Fisher Investments Europe Limited, in London. With Ken Fisher as executive chairman and co-chief investment officer, succeeded as CEO by Damian Ornani in 2016, Fisher Investments blends a legacy of innovation with a client-first philosophy, recently spinning off its 401(k) Solutions into Fisher Retirement Solutions in 2024.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$808M |
| 2 |
Amazon
AMZN
|
+$805M |
| 3 |
DOCU
DocuSign
DOCU
|
+$696M |
| 4 |
Intuit
INTU
|
+$684M |
| 5 |
Meta Platforms (Facebook)
META
|
+$662M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walmart Inc
WMT
|
+$1.14B |
| 2 |
Walt Disney
DIS
|
+$959M |
| 3 |
Intel
INTC
|
+$891M |
| 4 |
UnitedHealth
UNH
|
+$704M |
| 5 |
Visa
V
|
+$609M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.01% |
| 2 | Healthcare | 10.79% |
| 3 | Financials | 10.13% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Communication Services | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Merck
MRK
$322B
| $874M | 0.49% |
11,409,682
+776,418
| +7% | +$61.8M |
|
52
Capital One
COF
$134B
| $847M | 0.47% |
5,836,030
+890,874
| +18% | +$138M |
|
53
Stryker
SYK
$134B
| $839M | 0.47% |
3,138,748
+162,897
| +5% | +$42.8M |
|
|
RDS.A
54
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $813M | 0.46% |
18,735,514
+582,687
| +3% | +$26.3M |
|
55
Cisco
CSCO
$475B
| $810M | 0.45% |
12,778,754
-10,049,717
| -44% | -$574M |
|
56
GSK
GSK
$102B
| $803M | 0.45% |
14,573,734
+309,414
| +2% | +$16.1M |
|
|
57
Walt Disney
DIS
$179B
| $800M | 0.45% |
5,167,619
-5,937,853
| -53% | -$959M |
|
|
58
Intel
INTC
$493B
| $776M | 0.43% |
15,059,795
-17,424,707
| -54% | -$891M |
|
59
Chevron
CVX
$386B
| $774M | 0.43% |
6,597,471
+343,591
| +5% | +$39M |
|
|
60
Intuit
INTU
$92B
| $774M | 0.43% |
1,203,273
+1,107,581
| +1,157% | +$684M |
|
|
61
Walmart Inc
WMT
$901B
| $729M | 0.41% |
15,123,357
-23,949,984
| -61% | -$1.14B |
|
|
62
UnitedHealth
UNH
$365B
| $699M | 0.39% |
1,392,898
-1,554,434
| -53% | -$704M |
|
|
ABB
63
DELISTED
ABB Ltd
ABB
| $695M | 0.39% |
18,217,985
+716,706
| +4% | +$25.1M |
|
64
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.8B
| $676M | 0.38% |
21,811,512
+530,588
| +2% | +$16.5M |
|
65
ING
ING
$101B
| $674M | 0.38% |
48,444,462
+2,066,770
| +4% | +$30M |
|
66
CSX Corp
CSX
$92.5B
| $674M | 0.38% |
17,920,903
+765,414
| +4% | +$27M |
|
67
RTX Corp
RTX
$302B
| $658M | 0.37% |
7,645,813
+477,205
| +7% | +$41.6M |
|
68
Uber
UBER
$160B
| $635M | 0.36% |
+15,149,348
| New | +$653M |
|
69
American Tower
AMT
$79B
| $592M | 0.33% |
2,025,069
+51,124
| +3% | +$14M |
|
70
ServiceNow
NOW
$132B
| $581M | 0.33% |
4,473,650
+2,784,355
| +165% | +$366M |
|
71
iShares National Muni Bond ETF
MUB
$45.8B
| $560M | 0.31% |
4,815,855
+362,696
| +8% | +$42.1M |
|
72
Applied Materials
AMAT
$417B
| $557M | 0.31% |
3,542,610
+309,829
| +10% | +$44.9M |
|
|
XYZ
73
Block Inc
XYZ
$47.5B
| $548M | 0.31% |
3,391,924
+1,875,511
| +124% | +$406M |
|
74
Crown Castle
CCI
$31.3B
| $547M | 0.31% |
2,619,258
+163,783
| +7% | +$30.2M |
|
75
JD.com
JD
$43.1B
| $544M | 0.3% |
7,762,363
+558,030
| +8% | +$44.1M |
|
Similar funds
Fisher Asset Management's Q4 2021 Portfolio in Review
As of Q4 2021, Fisher Asset Management held 1,147 positions worth $179B, up 11% from $161B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Fisher Asset Management deployed $7.67B of net new capital in Q4 2021, opening 119 new positions and adding to 524 existing holdings. Its largest new stake was DocuSign: 3,052,026 shares worth $465M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Walmart Inc, an estimated $1.14B trimmed.
- Fisher Asset Management's largest Q4 2021 buy was DocuSign: 3,052,026 shares worth $465M.
- Fisher Asset Management added most to Netflix in Q4 2021, an estimated $808M increase.
- Fisher Asset Management's biggest Q4 2021 reduction was Walmart Inc, cutting an estimated $1.14B.
- Fisher Asset Management fully exited Kansas City Southern in Q4 2021, selling an estimated $64.7M.
- Fisher Asset Management's ten largest holdings make up 32% of its $179B portfolio in Q4 2021.
- Fisher Asset Management opened 119 new positions and closed 80 in Q4 2021.
- Fisher Asset Management's portfolio value rose 11% quarter-over-quarter to $179B.
Based on Fisher Asset Management's 13F filing for Q4 2021, filed 2 Feb 2022.