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 | |
|---|---|---|---|---|---|---|
101
Honda
HMC
$41.1B
| $191M | 0.14% |
6,750,860
+169,119
| +3% | +$4.57M |
|
102
Banco Bilbao Vizcaya Argentaria
BBVA
$157B
| $189M | 0.14% |
38,229,640
+2,141,568
| +6% | +$8.22M |
|
103
Applied Materials
AMAT
$417B
| $178M | 0.13% |
2,057,888
+66,058
| +3% | +$4.88M |
|
104
Autodesk
ADSK
$53.1B
| $177M | 0.13% |
580,233
+41,153
| +8% | +$10.8M |
|
105
ServiceNow
NOW
$132B
| $172M | 0.13% |
1,562,510
+272,505
| +21% | +$28.3M |
|
106
NXP Semiconductors
NXPI
$59.6B
| $167M | 0.13% |
1,051,020
-79,816
| -7% | -$11.8M |
|
107
ScottsMiracle-Gro
SMG
$3.61B
| $165M | 0.12% |
828,318
-15,482
| -2% | -$2.65M |
|
|
HES
108
DELISTED
Hess
HES
| $165M | 0.12% |
3,116,269
+186,811
| +6% | +$8.49M |
|
109
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.1B
| $163M | 0.12% |
3,944,027
+1,012,743
| +35% | +$40.8M |
|
|
110
iShares Global Tech ETF
IXN
$9.2B
| $162M | 0.12% |
3,243,936
-795,396
| -20% | -$36.8M |
|
111
ASE Group
ASX
$101B
| $157M | 0.12% |
26,867,629
-76,889
| -0.3% | -$384K |
|
112
Alcoa
AA
$14.3B
| $154M | 0.12% |
6,673,153
-22,395
| -0.3% | -$390K |
|
113
Domino's
DPZ
$11.8B
| $152M | 0.11% |
395,673
-7,268
| -2% | -$2.86M |
|
114
Itaú Unibanco
ITUB
$82.7B
| $150M | 0.11% |
33,914,880
-1,621,399
| -5% | -$6.07M |
|
115
Invesco S&P 500 Top 50 ETF
XLG
$10.9B
| $146M | 0.11% |
5,124,520
+440,620
| +9% | +$12M |
|
116
Global Payments
GPN
$22.7B
| $145M | 0.11% |
674,431
-10,349
| -2% | -$1.93M |
|
117
Vanguard FTSE Developed Markets ETF
VEA
$236B
| $142M | 0.11% |
2,997,971
+209,269
| +8% | +$9.21M |
|
118
Vanguard FTSE Europe ETF
VGK
$31B
| $137M | 0.1% |
2,282,382
+192,822
| +9% | +$10.9M |
|
119
Norfolk Southern
NSC
$75.2B
| $136M | 0.1% |
572,483
+10,712
| +2% | +$2.44M |
|
120
Atlassian
TEAM
$39.1B
| $133M | 0.1% |
567,140
+96,543
| +21% | +$20.4M |
|
121
Banco Bradesco
BBD
$35B
| $131M | 0.1% |
30,182,930
-1,358,582
| -4% | -$4.97M |
|
122
Yelp
YELP
$1.28B
| $128M | 0.1% |
3,913,595
-106,908
| -3% | -$2.81M |
|
123
Qorvo
QRVO
$8.53B
| $127M | 0.09% |
761,800
-22,326
| -3% | -$3.29M |
|
|
AZPN
124
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $127M | 0.09% |
971,681
+683
| +0.1% | +$89K |
|
125
Carrier Global
CARR
$52.4B
| $122M | 0.09% |
3,237,521
-302,851
| -9% | -$11M |
|
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.