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 |
Cisco
CSCO
|
+$331M |
| 2 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$324M |
| 3 |
Salesforce
CRM
|
+$301M |
| 4 |
Adobe
ADBE
|
+$294M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$216M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vodafone
VOD
|
+$422M |
| 2 |
Lloyds Banking Group
LYG
|
+$252M |
| 3 |
Barclays
BCS
|
+$135M |
| 4 |
FIYY
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
|
+$72M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$62.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.08% |
| 2 | Financials | 13.53% |
| 3 | Healthcare | 12.53% |
| 4 | Consumer Discretionary | 8% |
| 5 | Consumer Staples | 5.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EPAY
251
DELISTED
Bottomline Technologies Inc
EPAY
| $19.7M | 0.03% |
409,549
-6,805
| -2% | -$394K |
|
252
iShares MSCI Spain ETF
EWP
$2.11B
| $19.3M | 0.03% |
718,553
+588,330
| +452% | +$16.6M |
|
|
NTUS
253
DELISTED
Natus Medical Inc
NTUS
| $19.1M | 0.03% |
562,626
-11,365
| -2% | -$370K |
|
|
MINI
254
DELISTED
Mobile Mini Inc
MINI
| $19M | 0.03% |
598,456
+1,919
| +0.3% | +$74.4K |
|
|
CPE
255
DELISTED
Callon Petroleum Company
CPE
| $18.9M | 0.03% |
291,626
+1,555
| +0.5% | +$150K |
|
256
Live Nation Entertainment
LYV
$40.6B
| $18.4M | 0.03% |
374,269
-590
| -0.2% | -$31.2K |
|
257
Kaiser Aluminum
KALU
$2.61B
| $18.1M | 0.02% |
202,570
-482
| -0.2% | -$46.5K |
|
258
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $17.9M | 0.02% |
353,291
+66,240
| +23% | +$3.59M |
|
259
NVIDIA
NVDA
$4.86T
| $17.9M | 0.02% |
5,350,800
-105,360
| -2% | -$504K |
|
|
SWN
260
DELISTED
Southwestern Energy Company
SWN
| $17.8M | 0.02% |
5,229,470
| – | – |
|
261
Coca-Cola
KO
$377B
| $17.7M | 0.02% |
374,103
-17,411
| -4% | -$833K |
|
262
Honeywell
HON
$77B
| $17.7M | 0.02% |
141,984
+9,163
| +7% | +$1.25M |
|
|
MGLN
263
DELISTED
Magellan Health Services, Inc.
MGLN
| $17.2M | 0.02% |
301,759
-362,874
| -55% | -$22.4M |
|
264
Gerdau
GGB
$9.74B
| $17M | 0.02% |
5,693,735
-363,172
| -6% | -$1.18M |
|
265
Halliburton
HAL
$26.9B
| $16.8M | 0.02% |
631,571
+103,631
| +20% | +$3.5M |
|
266
Semtech
SMTC
$11B
| $16.4M | 0.02% |
357,272
-48
| -0% | -$2.29K |
|
267
Church & Dwight Co
CHD
$23.4B
| $16.2M | 0.02% |
245,662
+8,745
| +4% | +$554K |
|
268
Fidelity National Information Services
FIS
$23.1B
| $15.8M | 0.02% |
154,428
+5,782
| +4% | +$603K |
|
269
Synopsys
SNPS
$74.4B
| $15.8M | 0.02% |
187,794
+7,109
| +4% | +$632K |
|
|
GHL
270
DELISTED
Greenhill & Co., Inc.
GHL
| $15.8M | 0.02% |
647,308
| – | – |
|
271
D.R. Horton
DHI
$40B
| $15.7M | 0.02% |
454,143
+129,021
| +40% | +$4.7M |
|
272
Post Holdings
POST
$4.14B
| $15.5M | 0.02% |
265,337
+13,342
| +5% | +$804K |
|
|
FLEU
273
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN Series B
FLEU
| $15.4M | 0.02% |
141,887
-7,029
| -5% | -$836K |
|
274
Carpenter Technology
CRS
$25.8B
| $15.3M | 0.02% |
428,692
-1,149
| -0.3% | -$51.8K |
|
275
Toll Brothers
TOL
$13.6B
| $15.2M | 0.02% |
461,007
-852
| -0.2% | -$27.4K |
|
Similar funds
Fisher Asset Management's Q4 2018 Portfolio in Review
As of Q4 2018, Fisher Asset Management held 954 positions worth $73.2B, down 11% from $82.4B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Fisher Asset Management deployed $3.18B of net new capital in Q4 2018, opening 84 new positions and adding to 428 existing holdings. Its largest new stake was Weibo: 2,764,345 shares worth $162M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vodafone, an estimated $422M trimmed.
- Fisher Asset Management's largest Q4 2018 buy was Weibo: 2,764,345 shares worth $162M.
- Fisher Asset Management added most to Cisco in Q4 2018, an estimated $331M increase.
- Fisher Asset Management's biggest Q4 2018 reduction was Vodafone, cutting an estimated $422M.
- Fisher Asset Management fully exited Luxottica Group in Q4 2018, selling an estimated $51M.
- Fisher Asset Management's ten largest holdings make up 26% of its $73.2B portfolio in Q4 2018.
- Fisher Asset Management opened 84 new positions and closed 88 in Q4 2018.
- Fisher Asset Management's portfolio value fell 11% quarter-over-quarter to $73.2B.
Based on Fisher Asset Management's 13F filing for Q4 2018, filed 25 Jan 2019.