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 | |
|---|---|---|---|---|---|---|
|
WMGI
126
DELISTED
Wright Medical Group Inc
WMGI
| $48M | 0.1% |
2,283,400
-84,084
| -4% | -$2.1M |
|
127
KB Home
KBH
$3.47B
| $47.9M | 0.1% |
3,535,856
+1,038,041
| +42% | +$15.8M |
|
128
Pool Corp
POOL
$7.27B
| $46.4M | 0.1% |
641,542
-16,650
| -3% | -$1.18M |
|
129
Heartland Express
HTLD
$911M
| $46.3M | 0.1% |
2,319,858
-52,700
| -2% | -$1.08M |
|
130
Mid-America Apartment Communities
MAA
$15.4B
| $46.1M | 0.1% |
563,185
-18,485
| -3% | -$1.46M |
|
131
Goldman Sachs
GS
$301B
| $45.7M | 0.1% |
262,937
-29,936
| -10% | -$5.87M |
|
132
Canadian National Railway
CNI
$75.7B
| $45M | 0.09% |
792,791
+7,875
| +1% | +$458K |
|
|
FNSR
133
DELISTED
Finisar Corp
FNSR
| $44.9M | 0.09% |
4,034,610
-122,523
| -3% | -$1.92M |
|
|
MENT
134
DELISTED
Mentor Graphics Corp
MENT
| $43.1M | 0.09% |
1,750,412
+33,420
| +2% | +$853K |
|
|
KATE
135
DELISTED
Kate Spade & Company
KATE
| $42.7M | 0.09% |
2,231,931
-53,765
| -2% | -$1.07M |
|
|
SEM
136
DELISTED
Select Medical
SEM
| $42.2M | 0.09% |
7,253,283
+84,949
| +1% | +$630K |
|
|
AAWW
137
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $42M | 0.09% |
1,215,797
-35,525
| -3% | -$1.58M |
|
138
Petrobras
PBR
$118B
| $41.9M | 0.09% |
9,642,071
+1,106,092
| +13% | +$6.75M |
|
139
Pegasystems
PEGA
$5.43B
| $41.7M | 0.09% |
3,391,892
-96,050
| -3% | -$1.19M |
|
140
MSC Industrial Direct
MSM
$6.87B
| $41.5M | 0.09% |
680,341
-16,818
| -2% | -$1.15M |
|
141
Vishay Intertechnology
VSH
$5.08B
| $41.4M | 0.09% |
4,270,317
-52,500
| -1% | -$557K |
|
142
Honeywell
HON
$77B
| $41M | 0.09% |
482,382
+133,256
| +38% | +$12.1M |
|
|
MDP
143
DELISTED
Meredith Corporation
MDP
| $41M | 0.09% |
962,850
-28,265
| -3% | -$1.35M |
|
|
AXE
144
DELISTED
Anixter International Inc
AXE
| $40.5M | 0.08% |
701,104
-24,215
| -3% | -$1.52M |
|
|
BMR
145
DELISTED
BIOMED REALTY TRUST INC
BMR
| $40.1M | 0.08% |
2,009,275
-16,971
| -0.8% | -$339K |
|
146
Integer Holdings
ITGR
$4.25B
| $39.6M | 0.08% |
769,406
-38,465
| -5% | -$1.92M |
|
147
Mitsubishi UFJ Financial
MUFG
$251B
| $39.1M | 0.08% |
6,427,832
+42,774
| +0.7% | +$289K |
|
148
Texas Capital Bancshares
TCBI
$4.32B
| $39M | 0.08% |
744,441
-20,164
| -3% | -$1.13M |
|
149
Idacorp
IDA
$8.08B
| $38.7M | 0.08% |
597,807
-19,315
| -3% | -$1.16M |
|
150
Mueller Industries
MLI
$15.2B
| $38.4M | 0.08% |
5,199,312
-152,120
| -3% | -$1.21M |
|
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.