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 |
NextEra Energy
NEE
|
+$703M |
| 2 |
UnitedHealth
UNH
|
+$671M |
| 3 |
3M
MMM
|
+$660M |
| 4 |
Walt Disney
DIS
|
+$506M |
| 5 |
Toyota
TM
|
+$476M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.39% |
| 2 | Consumer Discretionary | 12.64% |
| 3 | Financials | 11.77% |
| 4 | Healthcare | 10.94% |
| 5 | Communication Services | 6.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.3B
| $51.4M | 0.05% |
508,493
-4,147
| -0.8% | -$413K |
|
177
iShares MSCI Europe Financials ETF
EUFN
$4.27B
| $51.2M | 0.05% |
3,600,896
-1,201,689
| -25% | -$15.9M |
|
178
HUB Group
HUBG
$2.32B
| $50.6M | 0.05% |
2,114,378
-98,600
| -4% | -$2.28M |
|
|
COHR
179
DELISTED
Coherent Inc
COHR
| $50.3M | 0.05% |
383,871
-15,178
| -4% | -$1.99M |
|
180
East-West Bancorp
EWBC
$18.2B
| $50M | 0.05% |
1,380,856
-53,194
| -4% | -$1.78M |
|
181
Terex
TEX
$7.74B
| $49.9M | 0.05% |
2,657,139
+686,025
| +35% | +$10.9M |
|
182
First American
FAF
$7.32B
| $49.1M | 0.05% |
1,022,720
-49,505
| -5% | -$2.34M |
|
183
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.7B
| $47.9M | 0.05% |
750,428
+412,878
| +122% | +$24.3M |
|
184
Artisan Partners
APAM
$3.08B
| $47.5M | 0.05% |
1,462,445
+60,131
| +4% | +$1.67M |
|
185
Azenta
AZTA
$1.54B
| $47.5M | 0.05% |
1,074,247
-63,651
| -6% | -$2.44M |
|
186
Charles River Laboratories
CRL
$13.5B
| $47.4M | 0.05% |
271,604
-22,107
| -8% | -$3.53M |
|
|
MZTI
187
The Marzetti Company
MZTI
$3.15B
| $47M | 0.05% |
303,047
+19,347
| +7% | +$2.82M |
|
188
Halliburton
HAL
$28.2B
| $46.8M | 0.05% |
3,606,154
+185,067
| +5% | +$1.99M |
|
189
Knowles
KN
$3.29B
| $45.5M | 0.04% |
2,982,832
+850,466
| +40% | +$12.7M |
|
190
Darling Ingredients
DAR
$9.84B
| $44.3M | 0.04% |
1,798,930
-25,567
| -1% | -$557K |
|
191
Emergent Biosolutions
EBS
$228M
| $44.3M | 0.04% |
560,023
-25,935
| -4% | -$1.93M |
|
192
iShares MSCI Japan ETF
EWJ
$22.7B
| $43.8M | 0.04% |
796,722
-185,593
| -19% | -$9.85M |
|
|
MDRX
193
DELISTED
Veradigm Inc. Common Stock
MDRX
| $43.6M | 0.04% |
6,438,309
+1,108,618
| +21% | +$7.19M |
|
194
Lazard
LAZ
$4.24B
| $42.3M | 0.04% |
1,478,555
+286,611
| +24% | +$7.77M |
|
195
Alcon
ALC
$36.7B
| $42.3M | 0.04% |
737,255
-77,278
| -9% | -$4.38M |
|
|
INVX
196
Innovex International
INVX
$2.11B
| $41.8M | 0.04% |
1,403,438
-63,845
| -4% | -$1.96M |
|
|
MRO
197
DELISTED
Marathon Oil Corporation
MRO
| $41.4M | 0.04% |
6,762,563
+454,309
| +7% | +$2.51M |
|
|
CALY
198
Callaway Golf Company
CALY
$3.01B
| $41M | 0.04% |
+2,343,691
| New | +$32.6M |
|
199
Onto Innovation
ONTO
$15.7B
| $40.9M | 0.04% |
1,202,764
+319,211
| +36% | +$10.4M |
|
200
State Street Health Care Select Sector SPDR ETF
XLV
$43.9B
| $40.9M | 0.04% |
408,224
-347,078
| -46% | -$34.3M |
|
Similar funds
Fisher Asset Management's Q2 2020 Portfolio in Review
As of Q2 2020, Fisher Asset Management held 986 positions worth $102B, up 27% from $80.6B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Fisher Asset Management's Q2 2020 filing shows 120 new, 322 increased, 361 reduced and 84 closed positions. Its largest new stake was American Tower: 1,761,637 shares worth $455M. The largest sale was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes, an estimated $1.55B.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Financials.
- Fisher Asset Management's largest Q2 2020 buy was American Tower: 1,761,637 shares worth $455M.
- Fisher Asset Management added most to NextEra Energy in Q2 2020, an estimated $703M increase.
- Fisher Asset Management's biggest Q2 2020 reduction was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes, cutting an estimated $1.55B.
- Fisher Asset Management fully exited Weibo in Q2 2020, selling an estimated $116M.
- Fisher Asset Management's ten largest holdings make up 32% of its $102B portfolio in Q2 2020.
- Fisher Asset Management opened 120 new positions and closed 84 in Q2 2020.
- Fisher Asset Management's portfolio value rose 27% quarter-over-quarter to $102B.
Based on Fisher Asset Management's 13F filing for Q2 2020, filed 7 Aug 2020.