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 |
ExxonMobil
XOM
|
+$1.18B |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$340M |
| 3 |
Coca-Cola
KO
|
+$280M |
| 4 |
NVIDIA
NVDA
|
+$274M |
| 5 |
iShares US Pharmaceuticals ETF
IHE
|
+$209M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$828M |
| 2 |
ABB
ABB Ltd
ABB
|
+$679M |
| 3 |
NextEra Energy
NEE
|
+$553M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$231M |
| 5 |
PepsiCo
PEP
|
+$224M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30% |
| 2 | Financials | 12.45% |
| 3 | Consumer Discretionary | 10.07% |
| 4 | Healthcare | 9.87% |
| 5 | Industrials | 7.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
United Rentals
URI
$72.4B
| $24.3M | 0.01% |
42,455
-1,973
| -4% | -$931K |
|
302
Thor Industries
THO
$4.04B
| $24.3M | 0.01% |
205,603
-5,866
| -3% | -$586K |
|
303
ICICI Bank
IBN
$109B
| $24.3M | 0.01% |
1,018,772
+54,719
| +6% | +$1.26M |
|
304
ON Semiconductor
ON
$18.6B
| $24.1M | 0.01% |
289,026
-5,310
| -2% | -$417K |
|
305
Veracyte
VCYT
$3.71B
| $24.1M | 0.01% |
875,161
-130,268
| -13% | -$3.14M |
|
|
MDRX
306
DELISTED
Veradigm Inc. Common Stock
MDRX
| $23.8M | 0.01% |
2,264,275
-601,868
| -21% | -$7.38M |
|
307
State Street SPDR S&P Capital Markets ETF
KCE
$466M
| $23.7M | 0.01% |
232,018
+59,590
| +35% | +$5.34M |
|
308
Semtech
SMTC
$12.6B
| $23.6M | 0.01% |
1,077,768
-124,207
| -10% | -$2.3M |
|
309
Park Hotels & Resorts
PK
$2.89B
| $23.6M | 0.01% |
1,539,246
-230,652
| -13% | -$3.18M |
|
310
Pegasystems
PEGA
$5.21B
| $23.5M | 0.01% |
963,230
-190,532
| -17% | -$4.46M |
|
311
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.51B
| $23.5M | 0.01% |
491,875
-35,737
| -7% | -$1.58M |
|
312
iShares 20+ Year Treasury Bond ETF
TLT
$41.6B
| $22.9M | 0.01% |
231,278
+58,834
| +34% | +$5.32M |
|
313
Amgen
AMGN
$219B
| $22.7M | 0.01% |
78,753
+3,049
| +4% | +$831K |
|
314
Flowserve
FLS
$10B
| $22.6M | 0.01% |
548,327
-10,002
| -2% | -$384K |
|
315
Cavco Industries
CVCO
$4.45B
| $22.4M | 0.01% |
64,517
-4,640
| -7% | -$1.32M |
|
316
Veeco
VECO
$3.15B
| $22.2M | 0.01% |
716,435
-156,853
| -18% | -$4.37M |
|
317
Urban Edge Properties
UE
$2.71B
| $21.9M | 0.01% |
1,195,732
-317,326
| -21% | -$5.23M |
|
318
The Greenbrier Companies
GBX
$1.48B
| $21.6M | 0.01% |
488,148
-132,557
| -21% | -$5.18M |
|
319
Alcon
ALC
$33.9B
| $21.3M | 0.01% |
273,252
-17,263
| -6% | -$1.28M |
|
320
Emerson Electric
EMR
$87.5B
| $21M | 0.01% |
215,491
+5,188
| +2% | +$475K |
|
321
Warner Bros
WBD
$66.2B
| $20.9M | 0.01% |
1,837,483
+185,395
| +11% | +$2M |
|
322
Diamondback Energy
FANG
$53.1B
| $20.8M | 0.01% |
134,354
+416
| +0.3% | +$65.2K |
|
323
Materion
MTRN
$5.79B
| $20.7M | 0.01% |
159,412
-8,863
| -5% | -$972K |
|
324
Globus Medical
GMED
$11B
| $20.4M | 0.01% |
383,581
-125,363
| -25% | -$6.11M |
|
325
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.44B
| $20.4M | 0.01% |
716,550
+58,872
| +9% | +$1.5M |
|
Similar funds
Fisher Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fisher Asset Management held 1,269 positions worth $189B, up 7.3% from $176B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fisher Asset Management withdrew a net $8.48B in Q4 2023, closing 288 positions and reducing 487 holdings. Its most notable exit was SIEMENS AKTIENGESELLSCHAFT ADS, an estimated $828M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Fisher Asset Management opened a new position in Veralto worth $93.6M.
- Fisher Asset Management's largest Q4 2023 buy was Veralto: 1,137,890 shares worth $93.6M.
- Fisher Asset Management added most to ExxonMobil in Q4 2023, an estimated $1.18B increase.
- Fisher Asset Management's biggest Q4 2023 reduction was NextEra Energy, cutting an estimated $553M.
- Fisher Asset Management fully exited SIEMENS AKTIENGESELLSCHAFT ADS in Q4 2023, selling an estimated $828M.
- Fisher Asset Management's ten largest holdings make up 31% of its $189B portfolio in Q4 2023.
- Fisher Asset Management opened 101 new positions and closed 288 in Q4 2023.
- Fisher Asset Management's portfolio value rose 7.3% quarter-over-quarter to $189B.
Based on Fisher Asset Management's 13F filing for Q4 2023, filed 6 Feb 2024.