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 |
Royal Bank of Canada
RY
|
+$647M |
| 2 |
Sony
SONY
|
+$407M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$394M |
| 4 |
SAP
SAP
|
+$333M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$308M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$1.41B |
| 2 |
NVIDIA
NVDA
|
+$1.04B |
| 3 |
Salesforce
CRM
|
+$1.02B |
| 4 |
Eli Lilly
LLY
|
+$883M |
| 5 |
JPMorgan Chase
JPM
|
+$764M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.47% |
| 2 | Financials | 18.4% |
| 3 | Industrials | 9.35% |
| 4 | Healthcare | 9.18% |
| 5 | Communication Services | 6.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
iShares Global Energy ETF
IXC
$2.74B
| $492M | 0.2% |
12,533,974
+1,624,618
| +15% | +$62.3M |
|
102
PACCAR
PCAR
$69.8B
| $490M | 0.19% |
5,150,230
-45,291
| -0.9% | -$4.18M |
|
103
Coca-Cola
KO
$372B
| $453M | 0.18% |
6,406,669
-52,509
| -0.8% | -$3.74M |
|
|
104
Canadian Pacific Kansas City
CP
$80.8B
| $431M | 0.17% |
5,431,316
+4,005,942
| +281% | +$308M |
|
105
State Street Industrial Select Sector SPDR ETF
XLI
$34.7B
| $430M | 0.17% |
2,918,202
+154,007
| +6% | +$21M |
|
106
Itaú Unibanco
ITUB
$82.7B
| $418M | 0.17% |
63,342,086
+6,003,145
| +10% | +$36.6M |
|
107
American Tower
AMT
$79B
| $402M | 0.16% |
1,820,270
+76,614
| +4% | +$16.5M |
|
108
Vanguard FTSE Europe ETF
VGK
$31B
| $394M | 0.16% |
5,084,722
+185,995
| +4% | +$13.7M |
|
109
HDFC Bank
HDB
$120B
| $348M | 0.14% |
9,073,648
+2,588,064
| +40% | +$93.8M |
|
110
Parker-Hannifin
PH
$134B
| $347M | 0.14% |
497,027
+24,215
| +5% | +$15.3M |
|
111
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.6B
| $336M | 0.13% |
3,062,270
-201,981
| -6% | -$21.7M |
|
112
Lennox International
LII
$14.9B
| $335M | 0.13% |
584,997
+46,735
| +9% | +$26.1M |
|
113
Suncor Energy
SU
$74B
| $314M | 0.12% |
8,372,012
+2,777,150
| +50% | +$100M |
|
114
Alphabet (Google) Class C
GOOG
$4.19T
| $311M | 0.12% |
1,750,771
-86,289
| -5% | -$14.3M |
|
115
iShares Global Industrials ETF
EXI
$1.48B
| $306M | 0.12% |
1,851,209
-331,079
| -15% | -$50.7M |
|
116
Honda
HMC
$41.1B
| $299M | 0.12% |
10,367,489
+239,663
| +2% | +$6.99M |
|
117
iShares Global Consumer Staples ETF
KXI
$1.06B
| $295M | 0.12% |
4,505,566
+1,077,977
| +31% | +$70.6M |
|
118
Dover
DOV
$28.1B
| $287M | 0.11% |
1,565,545
-12,862
| -0.8% | -$2.24M |
|
119
iShares Global Tech ETF
IXN
$9.2B
| $273M | 0.11% |
2,959,499
+9,238
| +0.3% | +$749K |
|
120
Banco Bradesco
BBD
$35B
| $272M | 0.11% |
88,098,675
+13,682,255
| +18% | +$36M |
|
121
Norfolk Southern
NSC
$75.2B
| $270M | 0.11% |
1,054,580
+72,097
| +7% | +$17M |
|
122
Rockwell Automation
ROK
$49.6B
| $263M | 0.1% |
792,503
+52,714
| +7% | +$15M |
|
123
Southern Copper
SCCO
$164B
| $259M | 0.1% |
2,687,792
-77,484
| -3% | -$6.74M |
|
124
Vanguard Intermediate-Term Treasury ETF
VGIT
$42.4B
| $247M | 0.1% |
4,128,831
-1,973,116
| -32% | -$117M |
|
125
US Bancorp
USB
$100B
| $238M | 0.09% |
5,265,852
-251,435
| -5% | -$10.6M |
|
Similar funds
Fisher Asset Management's Q2 2025 Portfolio in Review
As of Q2 2025, Fisher Asset Management held 1,093 positions worth $252B, up 9% from $231B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fisher Asset Management's Q2 2025 filing shows 94 new, 337 increased, 522 reduced and 107 closed positions. Its largest new stake was Canadian National Railway: 1,823,800 shares worth $190M. The largest sale was Oracle, an estimated $1.41B.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Industrials.
- Fisher Asset Management's largest Q2 2025 buy was Canadian National Railway: 1,823,800 shares worth $190M.
- Fisher Asset Management added most to Royal Bank of Canada in Q2 2025, an estimated $647M increase.
- Fisher Asset Management's biggest Q2 2025 reduction was Oracle, cutting an estimated $1.41B.
- Fisher Asset Management fully exited Tenable Holdings in Q2 2025, selling an estimated $43.2M.
- Fisher Asset Management's ten largest holdings make up 31% of its $252B portfolio in Q2 2025.
- Fisher Asset Management opened 94 new positions and closed 107 in Q2 2025.
- Fisher Asset Management's portfolio value rose 9% quarter-over-quarter to $252B.
Based on Fisher Asset Management's 13F filing for Q2 2025, filed 13 Aug 2025.