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 |
Canadian Natural Resources
CNQ
|
+$1.58B |
| 2 |
iShares MBS ETF
MBB
|
+$1.49B |
| 3 |
RTX Corp
RTX
|
+$839M |
| 4 |
Microsoft
MSFT
|
+$566M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$555M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
|
+$1.27B |
| 2 |
Advanced Micro Devices
AMD
|
+$920M |
| 3 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$682M |
| 4 |
VanEck Semiconductor ETF
SMH
|
+$567M |
| 5 |
Vanguard Information Technology ETF
VGT
|
+$291M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.6% |
| 2 | Financials | 11.61% |
| 3 | Healthcare | 9.91% |
| 4 | Consumer Discretionary | 9.26% |
| 5 | Industrials | 7.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
B
351
DELISTED
Barnes Group Inc.
B
| $17.9M | 0.01% |
431,348
+62,000
| +17% | +$2.34M |
|
352
Lennar Class A
LEN
$21B
| $17.8M | 0.01% |
122,830
+14,216
| +13% | +$2.16M |
|
353
BioCryst Pharmaceuticals
BCRX
$2.3B
| $17.7M | 0.01% |
2,856,703
-27,916
| -1% | -$154K |
|
354
Curtiss-Wright
CW
$27.9B
| $17.6M | 0.01% |
65,017
+2,539
| +4% | +$679K |
|
355
Core Laboratories
CLB
$503M
| $16.8M | 0.01% |
828,989
+4,844
| +0.6% | +$85.7K |
|
356
Materion
MTRN
$5.96B
| $16.8M | 0.01% |
154,951
-3,008
| -2% | -$346K |
|
357
Moog Inc Class A
MOG.A
$13.1B
| $16.4M | 0.01% |
98,295
+525
| +0.5% | +$86.3K |
|
358
Diamondrock Hospitality Co
DRH
$2.76B
| $16.2M | 0.01% |
1,918,644
| – | – |
|
359
United Parcel Service
UPS
$91.3B
| $16.2M | 0.01% |
118,114
+17,331
| +17% | +$2.48M |
|
360
Cal-Maine
CALM
$4.03B
| $16.1M | 0.01% |
263,410
+68,672
| +35% | +$4.07M |
|
361
RenaissanceRe
RNR
$13.4B
| $16.1M | 0.01% |
+71,929
| New | +$16.1M |
|
362
First Financial Bancorp
FFBC
$3.61B
| $16.1M | 0.01% |
722,941
-14,428
| -2% | -$319K |
|
363
iShares Core MSCI EAFE ETF
IEFA
$194B
| $15.9M | 0.01% |
219,283
+13,633
| +7% | +$1M |
|
364
Halozyme
HALO
$9.92B
| $15.9M | 0.01% |
303,284
+26,212
| +9% | +$1.15M |
|
365
Biogen
BIIB
$30.9B
| $15.9M | 0.01% |
68,487
+6,943
| +11% | +$1.51M |
|
366
Cactus
WHD
$5.24B
| $15.8M | 0.01% |
300,430
-10,859
| -3% | -$553K |
|
367
Cheesecake Factory
CAKE
$5.28B
| $15.8M | 0.01% |
402,909
+108,113
| +37% | +$4M |
|
368
EOG Resources
EOG
$72.2B
| $15.8M | 0.01% |
125,517
+60,370
| +93% | +$7.74M |
|
369
MakeMyTrip
MMYT
$5.73B
| $15.7M | 0.01% |
187,197
| – | – |
|
|
DVAX
370
DELISTED
Dynavax Technologies
DVAX
| $15.6M | 0.01% |
1,389,014
+4,895
| +0.4% | +$57K |
|
371
IPG Photonics
IPGP
$4.03B
| $15.5M | 0.01% |
184,139
+2,720
| +1% | +$235K |
|
372
First Merchants
FRME
$2.72B
| $15.3M | 0.01% |
460,678
-14,532
| -3% | -$486K |
|
373
Virtus Investment Partners
VRTS
$1.09B
| $15.3M | 0.01% |
67,736
+3,585
| +6% | +$816K |
|
374
AAR Corp
AIR
$5.93B
| $15.3M | 0.01% |
210,342
+41,000
| +24% | +$2.78M |
|
375
Texas Capital Bancshares
TCBI
$4.37B
| $14.5M | 0.01% |
237,212
+1,812
| +0.8% | +$107K |
|
Similar funds
Fisher Asset Management's Q2 2024 Portfolio in Review
As of Q2 2024, Fisher Asset Management held 1,069 positions worth $230B, up 7.4% from $214B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Fisher Asset Management deployed $7.03B of net new capital in Q2 2024, opening 105 new positions and adding to 492 existing holdings. Its largest new stake was ZTO Express: 3,166,868 shares worth $65.7M.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street SPDR Portfolio Short Term Treasury ETF, an estimated $1.27B trimmed.
- Fisher Asset Management's largest Q2 2024 buy was ZTO Express: 3,166,868 shares worth $65.7M.
- Fisher Asset Management added most to Canadian Natural Resources in Q2 2024, an estimated $1.58B increase.
- Fisher Asset Management's biggest Q2 2024 reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $1.27B.
- Fisher Asset Management fully exited Thor Industries in Q2 2024, selling an estimated $24.5M.
- Fisher Asset Management's ten largest holdings make up 34% of its $230B portfolio in Q2 2024.
- Fisher Asset Management opened 105 new positions and closed 83 in Q2 2024.
- Fisher Asset Management's portfolio value rose 7.4% quarter-over-quarter to $230B.
Based on Fisher Asset Management's 13F filing for Q2 2024, filed 14 Aug 2024.