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 | |
|---|---|---|---|---|---|---|
|
EXAS
401
DELISTED
Exact Sciences
EXAS
| $10.5M | 0.01% |
154,369
+42,305
| +38% | +$3.59M |
|
402
Halozyme
HALO
$10.2B
| $10.5M | 0.01% |
275,235
-154,084
| -36% | -$6.31M |
|
403
Ecopetrol
EC
$35.8B
| $10.5M | 0.01% |
903,145
+58,063
| +7% | +$665K |
|
404
SiteOne Landscape Supply
SITE
$4.3B
| $10.3M | 0.01% |
62,938
+994
| +2% | +$162K |
|
|
PCH
405
DELISTED
PotlatchDeltic
PCH
| $9.82M | 0.01% |
216,400
+28,579
| +15% | +$1.41M |
|
406
Manhattan Associates
MANH
$11.1B
| $9.6M | 0.01% |
48,556
+6,000
| +14% | +$1.17M |
|
407
XP
XP
$8.62B
| $9.57M | 0.01% |
415,086
-3,466
| -0.8% | -$86.9K |
|
408
Viavi Solutions
VIAV
$10B
| $9.4M | 0.01% |
1,028,173
+940
| +0.1% | +$9.79K |
|
409
Trustmark
TRMK
$2.79B
| $9.32M | 0.01% |
429,033
+91,170
| +27% | +$2.12M |
|
410
Vertex Pharmaceuticals
VRTX
$123B
| $9.16M | 0.01% |
26,346
-3,105
| -11% | -$1.09M |
|
411
STAG Industrial
STAG
$7.1B
| $9.12M | 0.01% |
264,355
-38,379
| -13% | -$1.39M |
|
412
Simmons First National
SFNC
$3.4B
| $8.99M | 0.01% |
530,000
+126,000
| +31% | +$2.27M |
|
413
Factset
FDS
$9.77B
| $8.93M | 0.01% |
20,434
+350
| +2% | +$149K |
|
414
Tetra Tech
TTEK
$8.89B
| $8.91M | 0.01% |
293,160
+2,410
| +0.8% | +$78.3K |
|
415
Affiliated Managers Group
AMG
$9.83B
| $8.88M | 0.01% |
68,124
+2,578
| +4% | +$361K |
|
416
Global Payments
GPN
$24B
| $8.78M | 0.01% |
76,123
-364,795
| -83% | -$43.4M |
|
|
SWN
417
DELISTED
Southwestern Energy Company
SWN
| $8.68M | ﹤0.01% |
1,345,319
+61,882
| +5% | +$395K |
|
418
Atlantic Union Bankshares
AUB
$6.02B
| $8.66M | ﹤0.01% |
301,000
+92,000
| +44% | +$2.73M |
|
419
McDonald's
MCD
$196B
| $8.4M | ﹤0.01% |
31,870
+604
| +2% | +$172K |
|
420
Associated Banc-Corp
ASB
$5.88B
| $8.26M | ﹤0.01% |
483,000
+47,000
| +11% | +$827K |
|
|
SAGE
421
DELISTED
Sage Therapeutics
SAGE
| $8.22M | ﹤0.01% |
399,619
-31,527
| -7% | -$911K |
|
422
Renasant Corp
RNST
$3.96B
| $8.18M | ﹤0.01% |
312,351
+29,000
| +10% | +$816K |
|
423
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.71B
| $8.16M | ﹤0.01% |
116,841
-7,704
| -6% | -$566K |
|
424
Cheesecake Factory
CAKE
$5.34B
| $8.14M | ﹤0.01% |
268,589
-5,411
| -2% | -$180K |
|
425
Resideo Technologies
REZI
$3.95B
| $8.07M | ﹤0.01% |
511,000
| – | – |
|
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.