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 | |
|---|---|---|---|---|---|---|
201
D.R. Horton
DHI
$41.6B
| $20.9M | 0.04% |
710,545
+32,800
| +5% | +$966K |
|
202
Landstar System
LSTR
$5.97B
| $20.1M | 0.04% |
316,920
-8,125
| -2% | -$554K |
|
203
Invesco S&P 500 Top 50 ETF
XLG
$11B
| $20.1M | 0.04% |
1,510,030
+56,840
| +4% | +$798K |
|
204
AAR Corp
AIR
$5.83B
| $19.7M | 0.04% |
1,037,948
-43,137
| -4% | -$1.12M |
|
205
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.6B
| $19.5M | 0.04% |
228,545
+205,806
| +905% | +$17.5M |
|
206
Helmerich & Payne
HP
$4.19B
| $19.3M | 0.04% |
408,311
-32,159
| -7% | -$1.82M |
|
207
State Street Health Care Select Sector SPDR ETF
XLV
$44B
| $18.9M | 0.04% |
285,985
+14,470
| +5% | +$1.06M |
|
208
Synopsys
SNPS
$78.1B
| $18.9M | 0.04% |
410,044
+58,244
| +17% | +$2.86M |
|
209
Amdocs
DOX
$6.22B
| $18.9M | 0.04% |
332,508
+31,608
| +11% | +$1.81M |
|
210
NETSCOUT
NTCT
$2.83B
| $18.8M | 0.04% |
530,584
+34,400
| +7% | +$1.3M |
|
|
211
Toyota
TM
$225B
| $18.6M | 0.04% |
158,392
-4,557,172
| -97% | -$571M |
|
212
CONMED
CNMD
$1.5B
| $18.5M | 0.04% |
387,933
-3,461
| -0.9% | -$190K |
|
213
Amgen
AMGN
$224B
| $18.5M | 0.04% |
133,632
-21,469
| -14% | -$3.38M |
|
214
Fidelity National Information Services
FIS
$22.2B
| $18.3M | 0.04% |
272,545
+11,149
| +4% | +$743K |
|
215
Ameriprise Financial
AMP
$49.6B
| $17.7M | 0.04% |
162,612
+3,159
| +2% | +$373K |
|
|
ETFC
216
DELISTED
E*Trade Financial Corporation
ETFC
| $17.6M | 0.04% |
669,622
+33,624
| +5% | +$932K |
|
217
Genpact
G
$5.74B
| $17.5M | 0.04% |
740,795
+39,770
| +6% | +$893K |
|
218
Zimmer Biomet
ZBH
$18.7B
| $17.4M | 0.04% |
191,332
+11,013
| +6% | +$1.1M |
|
219
Omnicell
OMCL
$1.69B
| $17.2M | 0.04% |
554,000
| – | – |
|
220
Toll Brothers
TOL
$14.2B
| $17.2M | 0.04% |
500,976
+21,230
| +4% | +$804K |
|
221
Kroger
KR
$34.6B
| $17M | 0.04% |
471,563
-7,685
| -2% | -$285K |
|
222
Littelfuse
LFUS
$11.7B
| $16.5M | 0.03% |
180,540
+22,900
| +15% | +$2.09M |
|
|
STJ
223
DELISTED
St Jude Medical
STJ
| $16.5M | 0.03% |
260,791
+16,144
| +7% | +$1.15M |
|
|
SGI
224
Somnigroup International
SGI
$14B
| $16.4M | 0.03% |
919,360
-22,800
| -2% | -$419K |
|
|
CBD
225
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $16M | 0.03% |
1,278,802
| – | – |
|
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.