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 |
Procter & Gamble
PG
|
+$784M |
| 2 |
PepsiCo
PEP
|
+$635M |
| 3 |
UnitedHealth
UNH
|
+$599M |
| 4 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$376M |
| 5 |
JPMorgan Chase
JPM
|
+$359M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$510M |
| 2 |
HES
Hess
HES
|
+$465M |
| 3 |
Uber
UBER
|
+$413M |
| 4 |
SLB Ltd
SLB
|
+$404M |
| 5 |
PayPal
PYPL
|
+$354M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.64% |
| 2 | Financials | 10.93% |
| 3 | Healthcare | 9.92% |
| 4 | Consumer Discretionary | 9.41% |
| 5 | Industrials | 7.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Charles River Laboratories
CRL
$12.8B
| $37M | 0.02% |
188,700
-13,667
| -7% | -$2.81M |
|
252
UMB Financial
UMBF
$11B
| $36.8M | 0.02% |
593,768
+253,402
| +74% | +$16.5M |
|
253
RLJ Lodging Trust
RLJ
$1.81B
| $35.7M | 0.02% |
3,647,674
+9,936
| +0.3% | +$99.2K |
|
254
Glacier Bancorp
GBCI
$6.32B
| $35.6M | 0.02% |
1,250,472
+547,303
| +78% | +$16.9M |
|
255
Diageo
DEO
$51.6B
| $35.1M | 0.02% |
235,474
-293
| -0.1% | -$49.1K |
|
256
Webster Financial
WBS
$12.8B
| $35.1M | 0.02% |
869,809
-14,993
| -2% | -$638K |
|
257
APi Group
APG
$17.8B
| $34.7M | 0.02% |
2,009,342
+761,085
| +61% | +$14M |
|
258
Matador Resources
MTDR
$6.04B
| $34.5M | 0.02% |
+579,640
| New | +$33.8M |
|
259
Bio-Rad Laboratories Class A
BIO
$9.16B
| $34M | 0.02% |
94,908
-1,223
| -1% | -$472K |
|
260
HubSpot
HUBS
$10.4B
| $33.8M | 0.02% |
68,568
-6,597
| -9% | -$3.45M |
|
261
Independence Realty Trust
IRT
$4B
| $33.5M | 0.02% |
2,379,156
+120,010
| +5% | +$1.98M |
|
262
Texas Instruments
TXN
$254B
| $33.1M | 0.02% |
208,353
-25,840
| -11% | -$4.41M |
|
|
UCB
263
United Community Banks
UCB
$4.28B
| $33.1M | 0.02% |
1,301,324
+220,195
| +20% | +$5.97M |
|
264
Ziff Davis
ZD
$1.88B
| $32.4M | 0.02% |
508,591
-6,237
| -1% | -$428K |
|
265
Shopify
SHOP
$191B
| $32.1M | 0.02% |
587,545
-3,245
| -0.5% | -$197K |
|
266
Xylem
XYL
$28.2B
| $32M | 0.02% |
351,456
+1,691
| +0.5% | +$174K |
|
267
Align Technology
ALGN
$12.1B
| $31.1M | 0.02% |
101,768
-434,236
| -81% | -$150M |
|
268
Semtech
SMTC
$12.6B
| $31M | 0.02% |
1,201,975
-49,711
| -4% | -$1.31M |
|
269
CONMED
CNMD
$1.49B
| $30.6M | 0.02% |
303,296
-13,739
| -4% | -$1.58M |
|
270
Lumentum
LITE
$65.2B
| $30.4M | 0.02% |
672,991
-21,720
| -3% | -$1.1M |
|
271
Honeywell
HON
$76.3B
| $30.3M | 0.02% |
174,286
-9,327
| -5% | -$1.71M |
|
272
Carpenter Technology
CRS
$27.7B
| $30.3M | 0.02% |
451,368
-16,931
| -4% | -$1.03M |
|
273
Acuity Brands
AYI
$10.7B
| $29.8M | 0.02% |
175,070
+17,260
| +11% | +$2.82M |
|
274
Medpace
MEDP
$16.3B
| $29.8M | 0.02% |
123,106
+1,865
| +2% | +$477K |
|
275
Biogen
BIIB
$30.5B
| $29.2M | 0.02% |
113,799
-16,518
| -13% | -$4.42M |
|
Similar funds
Fisher Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fisher Asset Management held 1,293 positions worth $176B, down 2.5% from $181B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Fisher Asset Management's Q3 2023 filing shows 130 new, 437 increased, 474 reduced and 125 closed positions. Its largest new stake was Murphy Oil: 991,976 shares worth $45M. The largest sale was ExxonMobil, an estimated $510M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Financials and Healthcare.
- Fisher Asset Management's largest Q3 2023 buy was Murphy Oil: 991,976 shares worth $45M.
- Fisher Asset Management added most to Procter & Gamble in Q3 2023, an estimated $784M increase.
- Fisher Asset Management's biggest Q3 2023 reduction was ExxonMobil, cutting an estimated $510M.
- Fisher Asset Management fully exited PDC Energy, Inc. in Q3 2023, selling an estimated $78.7M.
- Fisher Asset Management's ten largest holdings make up 27% of its $176B portfolio in Q3 2023.
- Fisher Asset Management opened 130 new positions and closed 125 in Q3 2023.
- Fisher Asset Management's portfolio value fell 2.5% quarter-over-quarter to $176B.
Based on Fisher Asset Management's 13F filing for Q3 2023, filed 13 Nov 2023.