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 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$1.39B |
| 2 |
SCHW
Charles Schwab
SCHW
|
+$1.07B |
| 3 |
Walmart Inc
WMT
|
+$1B |
| 4 |
Blackrock
BLK
|
+$996M |
| 5 |
Starbucks
SBUX
|
+$813M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$1.12B |
| 2 |
Visa
V
|
+$1.06B |
| 3 |
Apple
AAPL
|
+$1.02B |
| 4 |
Alibaba
BABA
|
+$983M |
| 5 |
Costco
COST
|
+$931M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.2% |
| 2 | Financials | 11.9% |
| 3 | Healthcare | 9.86% |
| 4 | Consumer Discretionary | 9.75% |
| 5 | Communication Services | 6.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
iShares MSCI Japan ETF
EWJ
$22.5B
| $45.6M | 0.03% |
933,683
+40,500
| +5% | +$2.17M |
|
227
Sally Beauty Holdings
SBH
$1.51B
| $44.8M | 0.03% |
3,553,389
-28,837
| -0.8% | -$400K |
|
228
Cisco
CSCO
$476B
| $44.7M | 0.03% |
1,117,480
-228,486
| -17% | -$10.1M |
|
229
Webster Financial
WBS
$12.8B
| $44.4M | 0.03% |
983,055
-16,641
| -2% | -$770K |
|
|
DVAX
230
DELISTED
Dynavax Technologies
DVAX
| $44M | 0.03% |
4,218,035
-70,813
| -2% | -$923K |
|
|
VRNT
231
DELISTED
Verint Systems
VRNT
| $43M | 0.03% |
1,279,572
-17,613
| -1% | -$768K |
|
232
ON Semiconductor
ON
$18.6B
| $42.4M | 0.03% |
680,647
-207,134
| -23% | -$13.3M |
|
233
Diageo
DEO
$51.6B
| $42.3M | 0.03% |
249,086
+599
| +0.2% | +$107K |
|
|
PACW
234
DELISTED
PacWest Bancorp
PACW
| $42.1M | 0.03% |
1,864,173
+251,082
| +16% | +$6.76M |
|
235
Lennar Class A
LEN
$20.4B
| $42M | 0.03% |
582,347
-178,523
| -23% | -$13.9M |
|
236
MKS Inc
MKSI
$19.7B
| $41.8M | 0.03% |
505,368
-20,192
| -4% | -$2.08M |
|
|
ENV
237
DELISTED
ENVESTNET, INC.
ENV
| $41.6M | 0.03% |
937,292
+290,966
| +45% | +$15.5M |
|
238
iShares Core MSCI Europe ETF
IEUR
$9.08B
| $41.6M | 0.03% |
1,051,173
+809,373
| +335% | +$36M |
|
239
iShares Core US Aggregate Bond ETF
AGG
$137B
| $41.4M | 0.03% |
430,110
-22,478
| -5% | -$2.27M |
|
240
Invesco NASDAQ Internet ETF
PNQI
$541M
| $41.1M | 0.03% |
1,806,870
-217,890
| -11% | -$5.61M |
|
|
GAP
241
The Gap Inc
GAP
$7.39B
| $40.2M | 0.03% |
+4,897,903
| New | +$46M |
|
242
West Pharmaceutical
WST
$24.5B
| $40.2M | 0.03% |
163,185
-93,685
| -36% | -$28.5M |
|
|
FRC
243
DELISTED
First Republic Bank
FRC
| $40M | 0.03% |
306,281
+173,718
| +131% | +$26.7M |
|
244
Azenta
AZTA
$1.42B
| $39.3M | 0.03% |
917,265
-36,409
| -4% | -$2.17M |
|
245
Semtech
SMTC
$12.6B
| $38.3M | 0.03% |
1,303,169
-2,645
| -0.2% | -$124K |
|
246
Delek US
DK
$3.6B
| $37.5M | 0.03% |
1,383,241
-11,321
| -0.8% | -$299K |
|
247
Helmerich & Payne
HP
$3.7B
| $37.4M | 0.03% |
1,012,689
-35,287
| -3% | -$1.48M |
|
248
Plexus
PLXS
$7.18B
| $37.1M | 0.03% |
423,175
-19,302
| -4% | -$1.72M |
|
249
Intel
INTC
$503B
| $36.9M | 0.03% |
1,431,782
-306,993
| -18% | -$10.5M |
|
|
GTHX
250
DELISTED
G1 Therapeutics, Inc. Common Stock
GTHX
| $36.7M | 0.03% |
2,935,332
+626,777
| +27% | +$7.16M |
|
Similar funds
Fisher Asset Management's Q3 2022 Portfolio in Review
As of Q3 2022, Fisher Asset Management held 1,176 positions worth $133B, down 5.6% from $141B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Fisher Asset Management's Q3 2022 filing shows 111 new, 332 increased, 452 reduced and 98 closed positions. Its largest new stake was Charles Schwab: 15,433,332 shares worth $1.11B. The largest sale was Vanguard Intermediate-Term Corporate Bond ETF, an estimated $1.12B.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 28% a quarter earlier, followed by Financials and Healthcare.
- Fisher Asset Management's largest Q3 2022 buy was Charles Schwab: 15,433,332 shares worth $1.11B.
- Fisher Asset Management added most to iShares Expanded Tech-Software Sector ETF in Q3 2022, an estimated $1.39B increase.
- Fisher Asset Management's biggest Q3 2022 reduction was Vanguard Intermediate-Term Corporate Bond ETF, cutting an estimated $1.12B.
- Fisher Asset Management fully exited Atlas Air Worldwide Holdings, Inc. in Q3 2022, selling an estimated $22.2M.
- Fisher Asset Management's ten largest holdings make up 29% of its $133B portfolio in Q3 2022.
- Fisher Asset Management opened 111 new positions and closed 98 in Q3 2022.
- Fisher Asset Management's portfolio value fell 5.6% quarter-over-quarter to $133B.
Based on Fisher Asset Management's 13F filing for Q3 2022, filed 8 Nov 2022.