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 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$390M |
| 2 |
Apple
AAPL
|
+$310M |
| 3 |
Amazon
AMZN
|
+$233M |
| 4 |
Microsoft
MSFT
|
+$221M |
| 5 |
TotalEnergies
TTE
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Global Energy ETF
IXC
|
+$384M |
| 2 |
Infosys
INFY
|
+$125M |
| 3 |
iShares Global Tech ETF
IXN
|
+$36.8M |
| 4 |
Equinor
EQNR
|
+$26.2M |
| 5 |
Sanofi
SNY
|
+$20.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.88% |
| 2 | Consumer Discretionary | 12.45% |
| 3 | Financials | 11.9% |
| 4 | Healthcare | 10.14% |
| 5 | Communication Services | 6.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MNTV
401
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $3.6M | ﹤0.01% |
140,740
+48,872
| +53% | +$1.1M |
|
402
AbbVie
ABBV
$431B
| $3.54M | ﹤0.01% |
33,060
+3,380
| +11% | +$325K |
|
|
VMW
403
DELISTED
VMware, Inc
VMW
| $3.48M | ﹤0.01% |
24,810
-580
| -2% | -$83.1K |
|
|
BZUN
404
Baozun
BZUN
$169M
| $3.29M | ﹤0.01% |
95,760
-11,618
| -11% | -$426K |
|
405
Incyte
INCY
$24B
| $3.24M | ﹤0.01% |
37,239
-777
| -2% | -$67.2K |
|
406
US Bancorp
USB
$99.4B
| $3.23M | ﹤0.01% |
69,437
+6,450
| +10% | +$273K |
|
407
Shopify
SHOP
$190B
| $3.19M | ﹤0.01% |
28,180
+12,560
| +80% | +$1.32M |
|
408
Tesla
TSLA
$1.26T
| $3.19M | ﹤0.01% |
13,560
+2,823
| +26% | +$482K |
|
|
TMHC
409
DELISTED
Taylor Morrison
TMHC
| $3.14M | ﹤0.01% |
122,387
-9,256
| -7% | -$236K |
|
|
NUAN
410
DELISTED
Nuance Communications, Inc.
NUAN
| $3.08M | ﹤0.01% |
69,859
-8,077
| -10% | -$306K |
|
411
Cooper Companies
COO
$14.3B
| $3.06M | ﹤0.01% |
33,680
-4,724
| -12% | -$405K |
|
412
VanEck Oil Services ETF
OIH
$1.94B
| $3.02M | ﹤0.01% |
19,621
+4,990
| +34% | +$633K |
|
|
VRE
413
DELISTED
Veris Residential
VRE
| $2.96M | ﹤0.01% |
237,684
| – | – |
|
414
iShares Global Consumer Staples ETF
KXI
$1.07B
| $2.94M | ﹤0.01% |
50,457
-3,997
| -7% | -$227K |
|
415
iShares Core MSCI EAFE ETF
IEFA
$194B
| $2.92M | ﹤0.01% |
42,318
+11,277
| +36% | +$729K |
|
416
AptarGroup
ATR
$8.63B
| $2.86M | ﹤0.01% |
20,898
+4,322
| +26% | +$536K |
|
|
EXAS
417
DELISTED
Exact Sciences
EXAS
| $2.83M | ﹤0.01% |
21,374
+4,972
| +30% | +$601K |
|
418
Stewart Information Services
STC
$2.09B
| $2.82M | ﹤0.01% |
58,394
| – | – |
|
419
State Street Technology Select Sector SPDR ETF
XLK
$122B
| $2.82M | ﹤0.01% |
43,430
+1,906
| +5% | +$116K |
|
|
RDS.B
420
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $2.68M | ﹤0.01% |
79,622
+3,432
| +5% | +$102K |
|
|
LHCG
421
DELISTED
LHC Group LLC
LHCG
| $2.67M | ﹤0.01% |
12,532
-3,050
| -20% | -$650K |
|
422
iShares Russell 1000 Growth ETF
IWF
$127B
| $2.67M | ﹤0.01% |
44,304
+15,356
| +53% | +$874K |
|
423
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| $2.66M | ﹤0.01% |
48,138
+39,395
| +451% | +$2.15M |
|
424
Verizon
VZ
$195B
| $2.61M | ﹤0.01% |
44,402
+3,243
| +8% | +$193K |
|
425
Aptiv
APTV
$9.61B
| $2.6M | ﹤0.01% |
+19,986
| New | +$2.22M |
|
Similar funds
Fisher Asset Management's Q4 2020 Portfolio in Review
As of Q4 2020, Fisher Asset Management held 1,063 positions worth $133B, up 17% from $114B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Fisher Asset Management deployed $4.92B of net new capital in Q4 2020, opening 123 new positions and adding to 398 existing holdings. Its largest new stake was TAL Education Group: 1,621,948 shares worth $116M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares Global Energy ETF, an estimated $384M trimmed.
- Fisher Asset Management's largest Q4 2020 buy was TAL Education Group: 1,621,948 shares worth $116M.
- Fisher Asset Management added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2020, an estimated $390M increase.
- Fisher Asset Management's biggest Q4 2020 reduction was iShares Global Energy ETF, cutting an estimated $384M.
- Fisher Asset Management fully exited Waddell & Reed Financial, Inc. in Q4 2020, selling an estimated $19.5M.
- Fisher Asset Management's ten largest holdings make up 32% of its $133B portfolio in Q4 2020.
- Fisher Asset Management opened 123 new positions and closed 53 in Q4 2020.
- Fisher Asset Management's portfolio value rose 17% quarter-over-quarter to $133B.
Based on Fisher Asset Management's 13F filing for Q4 2020, filed 29 Jan 2021.