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 |
ExxonMobil
XOM
|
+$1.18B |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$340M |
| 3 |
Coca-Cola
KO
|
+$280M |
| 4 |
NVIDIA
NVDA
|
+$274M |
| 5 |
iShares US Pharmaceuticals ETF
IHE
|
+$209M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$828M |
| 2 |
ABB
ABB Ltd
ABB
|
+$679M |
| 3 |
NextEra Energy
NEE
|
+$553M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$231M |
| 5 |
PepsiCo
PEP
|
+$224M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30% |
| 2 | Financials | 12.45% |
| 3 | Consumer Discretionary | 10.07% |
| 4 | Healthcare | 9.87% |
| 5 | Industrials | 7.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Rio Tinto
RIO
$164B
| $1.19B | 0.63% |
16,019,748
+449,536
| +3% | +$30.2M |
|
52
Toyota
TM
$225B
| $1.14B | 0.6% |
6,210,385
+169,627
| +3% | +$30.9M |
|
|
53
PepsiCo
PEP
$189B
| $1.12B | 0.59% |
6,594,414
-1,352,362
| -17% | -$224M |
|
54
Abbott
ABT
$190B
| $1.09B | 0.58% |
9,922,170
+228,039
| +2% | +$22.8M |
|
55
Starbucks
SBUX
$122B
| $1.09B | 0.58% |
11,359,790
+260,489
| +2% | +$25.4M |
|
56
Boeing
BA
$184B
| $1.07B | 0.57% |
4,116,488
-719,339
| -15% | -$154M |
|
57
Nike
NKE
$61.3B
| $1.07B | 0.57% |
9,880,038
+211,360
| +2% | +$22.7M |
|
58
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
| $1.07B | 0.56% |
36,742,254
+1,218,586
| +3% | +$32.5M |
|
59
Invesco QQQ Trust
QQQ
$478B
| $1.03B | 0.54% |
2,511,248
-75,449
| -3% | -$28.6M |
|
|
60
iShares Expanded Tech-Software Sector ETF
IGV
$14.9B
| $1.03B | 0.54% |
12,652,300
-3,115,700
| -20% | -$231M |
|
61
ServiceNow
NOW
$132B
| $1.02B | 0.54% |
7,242,240
+507,425
| +8% | +$64M |
|
62
Johnson & Johnson
JNJ
$626B
| $995M | 0.53% |
6,350,176
-1,138,510
| -15% | -$175M |
|
63
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.1B
| $991M | 0.52% |
27,257,262
+1,414,856
| +5% | +$49.6M |
|
64
Danaher
DHR
$146B
| $976M | 0.52% |
4,219,905
-268,371
| -6% | -$57.1M |
|
65
ING
ING
$101B
| $956M | 0.51% |
63,677,437
+4,995,615
| +9% | +$68.6M |
|
66
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $935M | 0.49% |
9,697,073
+467,283
| +5% | +$43.2M |
|
67
ConocoPhillips
COP
$151B
| $860M | 0.45% |
7,412,753
+191,519
| +3% | +$22.4M |
|
68
SAP
SAP
$242B
| $821M | 0.43% |
5,308,043
-193,693
| -4% | -$28M |
|
69
Applied Materials
AMAT
$417B
| $812M | 0.43% |
5,007,545
+120,636
| +2% | +$17.7M |
|
70
Johnson Controls International
JCI
$93.7B
| $779M | 0.41% |
13,514,262
+604,142
| +5% | +$31.7M |
|
71
CSX Corp
CSX
$92.5B
| $775M | 0.41% |
22,340,864
+433,228
| +2% | +$13.8M |
|
72
Illinois Tool Works
ITW
$83.5B
| $772M | 0.41% |
2,949,029
+119,921
| +4% | +$28.7M |
|
73
Carrier Global
CARR
$52.4B
| $765M | 0.4% |
13,307,231
+310,453
| +2% | +$16.4M |
|
74
RTX Corp
RTX
$302B
| $755M | 0.4% |
8,978,289
-496,914
| -5% | -$39.3M |
|
75
Ford
F
$55.7B
| $721M | 0.38% |
59,150,709
+3,521,520
| +6% | +$39.2M |
|
Similar funds
Fisher Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fisher Asset Management held 1,269 positions worth $189B, up 7.3% from $176B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fisher Asset Management withdrew a net $8.48B in Q4 2023, closing 288 positions and reducing 487 holdings. Its most notable exit was SIEMENS AKTIENGESELLSCHAFT ADS, an estimated $828M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Fisher Asset Management opened a new position in Veralto worth $93.6M.
- Fisher Asset Management's largest Q4 2023 buy was Veralto: 1,137,890 shares worth $93.6M.
- Fisher Asset Management added most to ExxonMobil in Q4 2023, an estimated $1.18B increase.
- Fisher Asset Management's biggest Q4 2023 reduction was NextEra Energy, cutting an estimated $553M.
- Fisher Asset Management fully exited SIEMENS AKTIENGESELLSCHAFT ADS in Q4 2023, selling an estimated $828M.
- Fisher Asset Management's ten largest holdings make up 31% of its $189B portfolio in Q4 2023.
- Fisher Asset Management opened 101 new positions and closed 288 in Q4 2023.
- Fisher Asset Management's portfolio value rose 7.3% quarter-over-quarter to $189B.
Based on Fisher Asset Management's 13F filing for Q4 2023, filed 6 Feb 2024.