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 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$390M |
| 2 |
Apple
AAPL
|
+$310M |
| 3 |
Amazon
AMZN
|
+$233M |
| 4 |
Microsoft
MSFT
|
+$221M |
| 5 |
TotalEnergies
TTE
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Global Energy ETF
IXC
|
+$384M |
| 2 |
Infosys
INFY
|
+$125M |
| 3 |
iShares Global Tech ETF
IXN
|
+$36.8M |
| 4 |
Equinor
EQNR
|
+$26.2M |
| 5 |
Sanofi
SNY
|
+$20.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.88% |
| 2 | Consumer Discretionary | 12.45% |
| 3 | Financials | 11.9% |
| 4 | Healthcare | 10.14% |
| 5 | Communication Services | 6.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
ING
ING
$101B
| $371M | 0.28% |
39,336,026
+2,153,049
| +6% | +$18.5M |
|
|
BBL
77
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $369M | 0.28% |
6,955,065
+295,966
| +4% | +$13.6M |
|
78
iShares MSCI Europe Financials ETF
EUFN
$4.27B
| $359M | 0.27% |
20,490,925
+2,991
| +0% | +$47.3K |
|
79
Trip.com Group
TCOM
$29.1B
| $342M | 0.26% |
10,141,421
+228,269
| +2% | +$7.44M |
|
80
Crown Castle
CCI
$31.3B
| $337M | 0.25% |
2,116,250
+168,710
| +9% | +$27.4M |
|
81
Alphabet (Google) Class C
GOOG
$4.19T
| $328M | 0.25% |
3,742,220
-82,520
| -2% | -$6.96M |
|
82
Banco Santander
SAN
$210B
| $324M | 0.24% |
106,227,829
+5,583,235
| +6% | +$14.1M |
|
|
83
Infosys
INFY
$51B
| $322M | 0.24% |
19,011,469
-8,182,985
| -30% | -$125M |
|
84
ExxonMobil
XOM
$657B
| $321M | 0.24% |
7,778,829
+433,469
| +6% | +$16.3M |
|
85
SLB Ltd
SLB
$79.7B
| $309M | 0.23% |
14,132,349
+814,389
| +6% | +$15.4M |
|
|
XYZ
86
Block Inc
XYZ
$47.5B
| $303M | 0.23% |
1,394,205
+19,458
| +1% | +$3.8M |
|
87
Vanguard S&P 500 ETF
VOO
$1.03T
| $290M | 0.22% |
843,841
+65,024
| +8% | +$21.2M |
|
88
Southern Copper
SCCO
$164B
| $274M | 0.21% |
4,596,685
-37,347
| -0.8% | -$1.9M |
|
|
SIVB
89
DELISTED
SVB Financial Group
SIVB
| $273M | 0.2% |
704,788
-12,481
| -2% | -$4.04M |
|
90
Cleveland-Cliffs
CLF
$7.08B
| $250M | 0.19% |
17,167,991
-210,296
| -1% | -$2.13M |
|
91
Globant
GLOB
$1.68B
| $249M | 0.19% |
1,145,913
+2,294
| +0.2% | +$443K |
|
92
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $241M | 0.18% |
2,762,320
+27,003
| +1% | +$2.31M |
|
93
Medtronic
MDT
$116B
| $231M | 0.17% |
1,970,711
+162,871
| +9% | +$17.9M |
|
94
Align Technology
ALGN
$12.3B
| $225M | 0.17% |
420,482
+48,360
| +13% | +$21.7M |
|
95
BP
BP
$111B
| $224M | 0.17% |
10,932,197
+3,182,519
| +41% | +$60M |
|
96
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.47B
| $224M | 0.17% |
5,580,379
+63,195
| +1% | +$2.48M |
|
97
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.17B
| $217M | 0.16% |
4,140,167
-2,335
| -0.1% | -$122K |
|
98
ConocoPhillips
COP
$151B
| $205M | 0.15% |
5,114,371
+195,309
| +4% | +$7.2M |
|
99
Capital One
COF
$134B
| $202M | 0.15% |
2,039,867
+308,295
| +18% | +$26.2M |
|
100
NetEase
NTES
$81.9B
| $196M | 0.15% |
2,048,267
-7,053
| -0.3% | -$633K |
|
Similar funds
Fisher Asset Management's Q4 2020 Portfolio in Review
As of Q4 2020, Fisher Asset Management held 1,063 positions worth $133B, up 17% from $114B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Fisher Asset Management deployed $4.92B of net new capital in Q4 2020, opening 123 new positions and adding to 398 existing holdings. Its largest new stake was TAL Education Group: 1,621,948 shares worth $116M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares Global Energy ETF, an estimated $384M trimmed.
- Fisher Asset Management's largest Q4 2020 buy was TAL Education Group: 1,621,948 shares worth $116M.
- Fisher Asset Management added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2020, an estimated $390M increase.
- Fisher Asset Management's biggest Q4 2020 reduction was iShares Global Energy ETF, cutting an estimated $384M.
- Fisher Asset Management fully exited Waddell & Reed Financial, Inc. in Q4 2020, selling an estimated $19.5M.
- Fisher Asset Management's ten largest holdings make up 32% of its $133B portfolio in Q4 2020.
- Fisher Asset Management opened 123 new positions and closed 53 in Q4 2020.
- Fisher Asset Management's portfolio value rose 17% quarter-over-quarter to $133B.
Based on Fisher Asset Management's 13F filing for Q4 2020, filed 29 Jan 2021.