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 |
AB InBev
BUD
|
+$543M |
| 2 |
ExxonMobil
XOM
|
+$75.8M |
| 3 |
Trip.com Group
TCOM
|
+$57M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$56.8M |
| 5 |
Alibaba
BABA
|
+$52.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Toyota
TM
|
+$571M |
| 2 |
Chevron
CVX
|
+$76.5M |
| 3 |
SFG
STANCORP FINL GRP
SFG
|
+$39.1M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$36.4M |
| 5 |
Gilead Sciences
GILD
|
+$25.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.2% |
| 2 | Healthcare | 14.84% |
| 3 | Technology | 13.02% |
| 4 | Consumer Discretionary | 7.11% |
| 5 | Industrials | 6.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Toro Company
TTC
$9.4B
| $63.6M | 0.13% |
1,802,218
-48,390
| -3% | -$1.68M |
|
|
AEL
102
DELISTED
American Equity Investment Life Holding Company
AEL
| $63.4M | 0.13% |
2,718,300
-84,745
| -3% | -$2.18M |
|
103
Lazard
LAZ
$4.16B
| $63.3M | 0.13% |
1,462,550
+30,711
| +2% | +$1.58M |
|
104
Prestige Consumer Healthcare
PBH
$2.51B
| $62.2M | 0.13% |
1,377,407
-4,943
| -0.4% | -$234K |
|
105
Meritage Homes
MTH
$4.69B
| $62.2M | 0.13% |
3,405,008
-105,882
| -3% | -$2.28M |
|
106
Ambev
ABEV
$45.4B
| $61.5M | 0.13% |
12,545,997
+3,462,990
| +38% | +$18.8M |
|
107
Boston Beer
SAM
$1.86B
| $60.7M | 0.13% |
288,017
-12,490
| -4% | -$2.76M |
|
|
LUX
108
DELISTED
Luxottica Group
LUX
| $60M | 0.13% |
866,486
+7,940
| +0.9% | +$549K |
|
|
VRNT
109
DELISTED
Verint Systems
VRNT
| $58.5M | 0.12% |
2,661,249
+188,566
| +8% | +$5.22M |
|
110
ASML
ASML
$666B
| $57.3M | 0.12% |
651,481
+4,748
| +0.7% | +$450K |
|
111
Lincoln Electric
LECO
$15.1B
| $57M | 0.12% |
1,087,835
-8,555
| -0.8% | -$501K |
|
112
HUB Group
HUBG
$2.9B
| $57M | 0.12% |
3,128,784
-80,220
| -2% | -$1.59M |
|
113
Glacier Bancorp
GBCI
$6.35B
| $56.8M | 0.12% |
2,151,357
-63,633
| -3% | -$1.75M |
|
|
ARMH
114
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $56.7M | 0.12% |
1,310,628
+13,755
| +1% | +$614K |
|
|
SF
115
Stifel
SF
$12.6B
| $56.6M | 0.12% |
3,026,664
-2,957
| -0.1% | -$67K |
|
|
PVTB
116
DELISTED
PrivateBancorp Inc
PVTB
| $55.7M | 0.12% |
1,453,965
-19,817
| -1% | -$782K |
|
|
BECN
117
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $55.6M | 0.12% |
1,710,513
-45,245
| -3% | -$1.54M |
|
|
JNS
118
DELISTED
Janus Capital Group Inc
JNS
| $55.5M | 0.12% |
4,082,010
-140,545
| -3% | -$2.19M |
|
|
119
Gilead Sciences
GILD
$165B
| $55.2M | 0.12% |
562,391
-229,239
| -29% | -$25.5M |
|
|
THS
120
DELISTED
Treehouse Foods
THS
| $54.1M | 0.11% |
694,989
-19,290
| -3% | -$1.54M |
|
121
WPP
WPP
$5.76B
| $53M | 0.11% |
509,632
+2,940
| +0.6% | +$321K |
|
122
AbbVie
ABBV
$438B
| $50.5M | 0.11% |
927,959
-78,720
| -8% | -$5.12M |
|
|
CAB
123
DELISTED
Cabela's Inc
CAB
| $50.3M | 0.1% |
1,102,589
-49,984
| -4% | -$2.33M |
|
124
HEICO Corp
HEI
$50.9B
| $49.5M | 0.1% |
2,469,954
-62,893
| -2% | -$1.37M |
|
125
Qorvo
QRVO
$8.56B
| $49.2M | 0.1% |
1,091,749
-114,359
| -9% | -$6.9M |
|
Similar funds
Fisher Asset Management's Q3 2015 Portfolio in Review
As of Q3 2015, Fisher Asset Management held 777 positions worth $48B, down 6.7% from $51.4B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Fisher Asset Management's Q3 2015 filing shows 146 new, 253 increased, 242 reduced and 62 closed positions. Its largest new stake was First American: 571,175 shares worth $22.3M. The largest sale was Toyota, an estimated $571M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.
- Fisher Asset Management's largest Q3 2015 buy was First American: 571,175 shares worth $22.3M.
- Fisher Asset Management added most to AB InBev in Q3 2015, an estimated $543M increase.
- Fisher Asset Management's biggest Q3 2015 reduction was Toyota, cutting an estimated $571M.
- Fisher Asset Management fully exited STANCORP FINL GRP in Q3 2015, selling an estimated $39.1M.
- Fisher Asset Management's ten largest holdings make up 23% of its $48B portfolio in Q3 2015.
- Fisher Asset Management opened 146 new positions and closed 62 in Q3 2015.
- Fisher Asset Management's portfolio value fell 6.7% quarter-over-quarter to $48B.
Based on Fisher Asset Management's 13F filing for Q3 2015, filed 20 Oct 2015.