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 |
AbbVie
ABBV
|
+$1.88B |
| 2 |
Pfizer
PFE
|
+$1.41B |
| 3 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$1.17B |
| 4 |
Cisco
CSCO
|
+$1.1B |
| 5 |
Novartis
NVS
|
+$984M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Abbott
ABT
|
+$1.21B |
| 2 |
Adobe
ADBE
|
+$1.06B |
| 3 |
Stryker
SYK
|
+$955M |
| 4 |
Boston Scientific
BSX
|
+$695M |
| 5 |
Banco Santander
SAN
|
+$684M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.16% |
| 2 | Financials | 17.3% |
| 3 | Industrials | 10.45% |
| 4 | Healthcare | 9.91% |
| 5 | Energy | 8.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Canadian Pacific Kansas City
CP
$82B
| $488M | 0.17% |
6,202,848
+429,576
| +7% | +$34M |
|
102
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| $479M | 0.16% |
2,961,891
-158,077
| -5% | -$26.5M |
|
103
Parker-Hannifin
PH
$125B
| $456M | 0.15% |
509,577
-61,693
| -11% | -$58.4M |
|
104
Crown Castle
CCI
$32.7B
| $453M | 0.15% |
5,576,947
+70,367
| +1% | +$6.06M |
|
105
iShares Global Consumer Staples ETF
KXI
$1.03B
| $448M | 0.15% |
6,678,424
+645,775
| +11% | +$44.4M |
|
|
106
Banco Santander
SAN
$194B
| $446M | 0.15% |
39,517,855
-57,347,736
| -59% | -$684M |
|
|
PBEU
107
Portfolio Building Block European Banks Index ETF
PBEU
$447M
| $436M | 0.15% |
+15,876,488
| New | +$462M |
|
108
Vanguard FTSE Europe ETF
VGK
$30B
| $414M | 0.14% |
5,017,454
+45,233
| +0.9% | +$3.89M |
|
109
Southern Copper
SCCO
$141B
| $397M | 0.13% |
2,331,611
-251,753
| -10% | -$46.1M |
|
110
Vale
VALE
$62.9B
| $358M | 0.12% |
22,519,675
+922,299
| +4% | +$14.4M |
|
111
Rockwell Automation
ROK
$51.4B
| $333M | 0.11% |
927,088
+69,559
| +8% | +$27.4M |
|
112
Dover
DOV
$27.2B
| $332M | 0.11% |
1,594,920
-15,221
| -0.9% | -$3.25M |
|
113
Norfolk Southern
NSC
$78.8B
| $332M | 0.11% |
1,155,414
+14,424
| +1% | +$4.29M |
|
|
NVO
114
Novo Nordisk
NVO
$216B
| $332M | 0.11% |
9,021,103
-763,119
| -8% | -$36.2M |
|
115
iShares Global Tech ETF
IXN
$8.7B
| $308M | 0.1% |
3,077,924
+24,696
| +0.8% | +$2.61M |
|
116
Invesco KBW Bank ETF
KBWB
$7.08B
| $306M | 0.1% |
3,864,794
+296,580
| +8% | +$24.8M |
|
117
HDFC Bank
HDB
$119B
| $304M | 0.1% |
12,229,278
+378,516
| +3% | +$11.8M |
|
118
American Tower
AMT
$77.7B
| $300M | 0.1% |
1,736,413
-43,120
| -2% | -$7.76M |
|
119
Canadian National Railway
CNI
$78.3B
| $260M | 0.09% |
2,534,484
+254,706
| +11% | +$26.3M |
|
120
US Bancorp
USB
$99.6B
| $254M | 0.09% |
4,878,204
-21,959
| -0.4% | -$1.21M |
|
121
Petrobras
PBR
$121B
| $245M | 0.08% |
11,830,951
-2,152,030
| -15% | -$34.4M |
|
122
Honda
HMC
$36.5B
| $245M | 0.08% |
10,093,465
-438,784
| -4% | -$12.7M |
|
123
Canadian Imperial Bank of Commerce
CM
$107B
| $241M | 0.08% |
2,542,650
+440,035
| +21% | +$42.1M |
|
124
iShares US Pharmaceuticals ETF
IHE
$1.47B
| $240M | 0.08% |
2,767,359
-58,285
| -2% | -$5.1M |
|
125
Itaú Unibanco
ITUB
$91.3B
| $240M | 0.08% |
28,614,724
+74,687
| +0.3% | +$625K |
|
Similar funds
Fisher Asset Management's Q1 2026 Portfolio in Review
As of Q1 2026, Fisher Asset Management held 1,133 positions worth $295B, up 0.65% from $293B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Fisher Asset Management's Q1 2026 filing shows 116 new, 416 increased, 461 reduced and 117 closed positions. Its largest new stake was Portfolio Building Block World Pharma and Biotech Index ETF: 28,040,859 shares worth $717M. The largest sale was Abbott, an estimated $1.21B.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 25% a quarter earlier, followed by Financials and Industrials.
- Fisher Asset Management's largest Q1 2026 buy was Portfolio Building Block World Pharma and Biotech Index ETF: 28,040,859 shares worth $717M.
- Fisher Asset Management added most to AbbVie in Q1 2026, an estimated $1.88B increase.
- Fisher Asset Management's biggest Q1 2026 reduction was Abbott, cutting an estimated $1.21B.
- Fisher Asset Management fully exited Trip.com Group in Q1 2026, selling an estimated $175M.
- Fisher Asset Management's ten largest holdings make up 33% of its $295B portfolio in Q1 2026.
- Fisher Asset Management opened 116 new positions and closed 117 in Q1 2026.
- Fisher Asset Management's portfolio value rose 0.65% quarter-over-quarter to $295B.
Based on Fisher Asset Management's 13F filing for Q1 2026, filed 5 May 2026.