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 | |
|---|---|---|---|---|---|---|
176
US Bancorp
USB
$99.9B
| $27.4M | 0.06% |
668,564
-103,642
| -13% | -$4.49M |
|
|
SWFT
177
DELISTED
Swift Transportation Company
SWFT
| $27.3M | 0.06% |
1,818,672
+140,679
| +8% | +$2.96M |
|
|
MGLN
178
DELISTED
Magellan Health Services, Inc.
MGLN
| $27.3M | 0.06% |
492,652
+323,447
| +191% | +$19.6M |
|
179
State Street Financial Select Sector SPDR ETF
XLF
$59.1B
| $27.3M | 0.06% |
1,370,426
+60,824
| +5% | +$1.29M |
|
180
Capitol Federal Financial
CFFN
$1.09B
| $27.2M | 0.06% |
2,246,006
+163,705
| +8% | +$1.97M |
|
181
Avista
AVA
$3.19B
| $27.2M | 0.06% |
816,740
-30,110
| -4% | -$962K |
|
|
EDR
182
DELISTED
Education Realty Trust Inc
EDR
| $27.1M | 0.06% |
821,224
-25,800
| -3% | -$801K |
|
|
BID
183
DELISTED
Sotheby's
BID
| $27M | 0.06% |
843,080
-215,148
| -20% | -$8.24M |
|
184
Polaris
PII
$3.94B
| $26.8M | 0.06% |
223,972
-155
| -0.1% | -$21K |
|
|
FRC
185
DELISTED
First Republic Bank
FRC
| $26.8M | 0.06% |
427,115
+7,761
| +2% | +$486K |
|
|
FBG
186
DELISTED
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
| $26.7M | 0.06% |
499,035
-7,469
| -1% | -$430K |
|
|
CELG
187
DELISTED
Celgene Corp
CELG
| $26.5M | 0.06% |
244,564
+20,165
| +9% | +$2.5M |
|
|
TSS
188
DELISTED
Total System Services, Inc.
TSS
| $26M | 0.05% |
571,985
+23,724
| +4% | +$1.08M |
|
|
FIBG
189
DELISTED
CS FI Enhanced Big Cap Growth ETN
FIBG
| $25.3M | 0.05% |
482,244
-4,231
| -0.9% | -$239K |
|
190
Invesco QQQ Trust
QQQ
$479B
| $24.6M | 0.05% |
241,301
+17,281
| +8% | +$1.86M |
|
191
Primerica
PRI
$9.64B
| $24.5M | 0.05% |
543,166
-5,730
| -1% | -$251K |
|
192
Vanguard FTSE Europe ETF
VGK
$31.1B
| $24M | 0.05% |
487,346
+19,282
| +4% | +$1.02M |
|
193
Darling Ingredients
DAR
$10B
| $24M | 0.05% |
2,131,573
-83,575
| -4% | -$1.07M |
|
|
NTUS
194
DELISTED
Natus Medical Inc
NTUS
| $23.7M | 0.05% |
601,141
-9,025
| -1% | -$384K |
|
195
Blackrock
BLK
$177B
| $23.6M | 0.05% |
79,458
-8,300
| -9% | -$2.68M |
|
196
MKS Inc
MKSI
$19.9B
| $23.3M | 0.05% |
693,544
-2,525
| -0.4% | -$87.8K |
|
197
First American
FAF
$7.37B
| $22.3M | 0.05% |
+571,175
| New | +$22.6M |
|
|
INVX
198
Innovex International
INVX
$2.06B
| $21.9M | 0.05% |
376,956
-11,685
| -3% | -$744K |
|
199
Mastercard
MA
$496B
| $21.2M | 0.04% |
235,403
+3,681
| +2% | +$346K |
|
200
Equifax
EFX
$21.3B
| $21.1M | 0.04% |
217,537
+7,340
| +3% | +$729K |
|
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.