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 |
FIEE
FI Enhanced Europe 50 ETN
FIEE
|
+$334M |
| 2 |
Goldman Sachs
GS
|
+$280M |
| 3 |
Capital One
COF
|
+$81.6M |
| 4 |
NXP Semiconductors
NXPI
|
+$78.2M |
| 5 |
Lloyds Banking Group
LYG
|
+$70.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FEEU
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
|
+$267M |
| 2 |
Citigroup
C
|
+$175M |
| 3 |
Bank of America
BAC
|
+$112M |
| 4 |
CS
Credit Suisse Group
CS
|
+$109M |
| 5 |
American Express
AXP
|
+$77.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.39% |
| 2 | Technology | 14.47% |
| 3 | Healthcare | 13.22% |
| 4 | Consumer Discretionary | 8.36% |
| 5 | Industrials | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Glacier Bancorp
GBCI
$6.35B
| $61.1M | 0.11% |
2,141,642
+19,878
| +0.9% | +$561K |
|
127
KB Home
KBH
$3.47B
| $61M | 0.11% |
3,781,669
+72,839
| +2% | +$1.15M |
|
|
JNS
128
DELISTED
Janus Capital Group Inc
JNS
| $60.8M | 0.11% |
4,337,537
+154,698
| +4% | +$2.24M |
|
129
WPP
WPP
$5.76B
| $59.5M | 0.11% |
505,010
-2,659
| -0.5% | -$303K |
|
130
First American
FAF
$7.37B
| $57.7M | 0.1% |
1,469,419
-28,295
| -2% | -$1.17M |
|
131
Cemex
CX
$16.3B
| $57M | 0.1% |
7,459,611
-8,977
| -0.1% | -$66.1K |
|
|
CAB
132
DELISTED
Cabela's Inc
CAB
| $56.7M | 0.1% |
1,032,287
+23,039
| +2% | +$1.18M |
|
133
Littelfuse
LFUS
$11.6B
| $55.1M | 0.1% |
427,873
+66,035
| +18% | +$8.09M |
|
134
RLJ Lodging Trust
RLJ
$1.67B
| $55M | 0.1% |
2,613,882
+77,397
| +3% | +$1.76M |
|
135
Mid-America Apartment Communities
MAA
$15.4B
| $54.4M | 0.1% |
578,816
+9,563
| +2% | +$954K |
|
|
DFT
136
DELISTED
DuPont Fabros Technology Inc.
DFT
| $54.2M | 0.1% |
1,314,499
+8,897
| +0.7% | +$401K |
|
137
Boston Beer
SAM
$1.86B
| $54.1M | 0.1% |
348,515
+2,842
| +0.8% | +$496K |
|
|
MZTI
138
The Marzetti Company
MZTI
$3.13B
| $53.9M | 0.1% |
408,081
+4,125
| +1% | +$538K |
|
|
AAWW
139
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $52.4M | 0.09% |
1,224,021
+18,897
| +2% | +$738K |
|
140
Artisan Partners
APAM
$3B
| $51.2M | 0.09% |
1,880,562
+23,724
| +1% | +$648K |
|
|
MDP
141
DELISTED
Meredith Corporation
MDP
| $50.2M | 0.09% |
964,711
+6,931
| +0.7% | +$370K |
|
142
MSC Industrial Direct
MSM
$6.87B
| $49.9M | 0.09% |
679,132
+10,844
| +2% | +$788K |
|
143
PNC Financial Services
PNC
$100B
| $49.5M | 0.09% |
549,765
+474,897
| +634% | +$40.8M |
|
144
Perrigo
PRGO
$1.75B
| $48.9M | 0.09% |
529,719
+189,752
| +56% | +$17.5M |
|
145
Pegasystems
PEGA
$5.43B
| $48.3M | 0.09% |
3,277,422
+52,652
| +2% | +$714K |
|
|
MENT
146
DELISTED
Mentor Graphics Corp
MENT
| $47.8M | 0.08% |
1,807,511
+1,389
| +0.1% | +$31.6K |
|
147
Bio-Rad Laboratories Class A
BIO
$9.48B
| $47.6M | 0.08% |
290,416
+8,833
| +3% | +$1.34M |
|
148
Helen of Troy
HELE
$680M
| $45.4M | 0.08% |
526,432
+192,455
| +58% | +$18M |
|
149
Honeywell
HON
$77B
| $45.3M | 0.08% |
432,117
-21,548
| -5% | -$2.25M |
|
|
AXE
150
DELISTED
Anixter International Inc
AXE
| $45.1M | 0.08% |
698,976
+9,557
| +1% | +$575K |
|
Similar funds
Fisher Asset Management's Q3 2016 Portfolio in Review
As of Q3 2016, Fisher Asset Management held 812 positions worth $56.3B, up 4.5% from $53.9B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Fisher Asset Management's Q3 2016 filing shows 67 new, 303 increased, 278 reduced and 36 closed positions. Its largest new stake was iShares Europe ETF: 130,527 shares worth $5.14M. The largest sale was Barclays ETN+ FI Enhanced Europe 50 ETN, an estimated $267M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
- Fisher Asset Management's largest Q3 2016 buy was iShares Europe ETF: 130,527 shares worth $5.14M.
- Fisher Asset Management added most to FI Enhanced Europe 50 ETN in Q3 2016, an estimated $334M increase.
- Fisher Asset Management's biggest Q3 2016 reduction was Barclays ETN+ FI Enhanced Europe 50 ETN, cutting an estimated $267M.
- Fisher Asset Management fully exited PrivateBancorp Inc in Q3 2016, selling an estimated $61.3M.
- Fisher Asset Management's ten largest holdings make up 23% of its $56.3B portfolio in Q3 2016.
- Fisher Asset Management opened 67 new positions and closed 36 in Q3 2016.
- Fisher Asset Management's portfolio value rose 4.5% quarter-over-quarter to $56.3B.
Based on Fisher Asset Management's 13F filing for Q3 2016, filed 11 Oct 2016.