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 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$2.87B |
| 2 |
NVIDIA
NVDA
|
+$358M |
| 3 |
Suncor Energy
SU
|
+$287M |
| 4 |
Microsoft
MSFT
|
+$278M |
| 5 |
Apple
AAPL
|
+$200M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$1.8B |
| 2 |
Canadian Natural Resources
CNQ
|
+$205M |
| 3 |
Intuit
INTU
|
+$177M |
| 4 |
Adobe
ADBE
|
+$120M |
| 5 |
GTLS
Chart Industries
GTLS
|
+$95.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.4% |
| 2 | Financials | 18.68% |
| 3 | Industrials | 9.33% |
| 4 | Healthcare | 8.68% |
| 5 | Communication Services | 6.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Micron Technology
MU
$975B
| $8.22M | ﹤0.01% |
49,122
+187
| +0.4% | +$23.9K |
|
427
State Street SPDR S&P Capital Markets ETF
KCE
$466M
| $7.93M | ﹤0.01% |
51,850
+381
| +0.7% | +$58.4K |
|
428
Align Technology
ALGN
$12B
| $7.43M | ﹤0.01% |
59,373
+6,482
| +12% | +$1.02M |
|
429
Manhattan Associates
MANH
$11.2B
| $7.42M | ﹤0.01% |
36,220
-38,883
| -52% | -$8.22M |
|
430
General Motors
GM
$76.1B
| $7.4M | ﹤0.01% |
121,415
-4,391
| -3% | -$245K |
|
431
Acadia Realty Trust
AKR
$2.89B
| $7.31M | ﹤0.01% |
363,011
| – | – |
|
432
Cohen & Steers
CNS
$4.32B
| $7.3M | ﹤0.01% |
111,334
+12,364
| +12% | +$906K |
|
433
iShares Broad USD High Yield Corporate Bond ETF
USHY
$28.7B
| $7.3M | ﹤0.01% |
193,238
-15,753
| -8% | -$590K |
|
434
Altria Group
MO
$114B
| $7.28M | ﹤0.01% |
110,277
+12,888
| +13% | +$817K |
|
435
M&T Bank
MTB
$36.1B
| $7.16M | ﹤0.01% |
36,215
+14,135
| +64% | +$2.77M |
|
436
Lantheus
LNTH
$6.59B
| $7.09M | ﹤0.01% |
138,154
-1
| -0% | -$62 |
|
|
ONT
437
Onterris Inc
ONT
$594M
| $7.08M | ﹤0.01% |
257,872
+39,331
| +18% | +$1.03M |
|
438
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.74B
| $7.06M | ﹤0.01% |
68,606
-2,038
| -3% | -$201K |
|
439
iShares S&P 100 ETF
OEF
$20.5B
| $6.98M | ﹤0.01% |
20,963
-1,618
| -7% | -$515K |
|
440
MakeMyTrip
MMYT
$5.67B
| $6.97M | ﹤0.01% |
74,509
-29,573
| -28% | -$2.87M |
|
441
CBRE Group
CBRE
$43.5B
| $6.86M | ﹤0.01% |
43,533
+21,328
| +96% | +$3.3M |
|
442
CVS Health
CVS
$122B
| $6.72M | ﹤0.01% |
89,099
-5,016
| -5% | -$344K |
|
|
XHR
443
Xenia Hotels & Resorts
XHR
$1.82B
| $6.63M | ﹤0.01% |
483,219
-6,659
| -1% | -$90.5K |
|
444
Walt Disney
DIS
$180B
| $6.58M | ﹤0.01% |
57,507
+11,328
| +25% | +$1.33M |
|
445
Citizens Financial Group
CFG
$30.5B
| $6.45M | ﹤0.01% |
121,362
+43,284
| +55% | +$2.15M |
|
446
STAG Industrial
STAG
$7.1B
| $6.44M | ﹤0.01% |
182,489
-13
| -0% | -$464 |
|
447
Pebblebrook Hotel Trust
PEB
$2.09B
| $6.43M | ﹤0.01% |
564,380
+7,181
| +1% | +$77.4K |
|
448
Diamondrock Hospitality Co
DRH
$2.59B
| $6.25M | ﹤0.01% |
785,231
-118,337
| -13% | -$958K |
|
|
SFBS
449
ServisFirst Bancshares
SFBS
$4.86B
| $6.19M | ﹤0.01% |
76,887
-1,144
| -1% | -$94.8K |
|
450
iShares Russell 1000 Growth ETF
IWF
$127B
| $6.15M | ﹤0.01% |
52,520
+26,916
| +105% | +$3M |
|
Similar funds
Fisher Asset Management's Q3 2025 Portfolio in Review
As of Q3 2025, Fisher Asset Management held 1,094 positions worth $276B, up 9.7% from $252B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Fisher Asset Management's Q3 2025 filing shows 108 new, 450 increased, 424 reduced and 80 closed positions. Its largest new stake was Sanmina: 166,861 shares worth $19.2M. The largest sale was Vanguard Intermediate-Term Corporate Bond ETF, an estimated $1.8B.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Financials and Industrials.
- Fisher Asset Management's largest Q3 2025 buy was Sanmina: 166,861 shares worth $19.2M.
- Fisher Asset Management added most to iShares 7-10 Year Treasury Bond ETF in Q3 2025, an estimated $2.87B increase.
- Fisher Asset Management's biggest Q3 2025 reduction was Vanguard Intermediate-Term Corporate Bond ETF, cutting an estimated $1.8B.
- Fisher Asset Management fully exited WEX in Q3 2025, selling an estimated $14.2M.
- Fisher Asset Management's ten largest holdings make up 32% of its $276B portfolio in Q3 2025.
- Fisher Asset Management opened 108 new positions and closed 80 in Q3 2025.
- Fisher Asset Management's portfolio value rose 9.7% quarter-over-quarter to $276B.
Based on Fisher Asset Management's 13F filing for Q3 2025, filed 12 Nov 2025.