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 |
Alibaba
BABA
|
+$594M |
| 2 |
ING
ING
|
+$545M |
| 3 |
Banco Santander
SAN
|
+$503M |
| 4 |
Sumitomo Mitsui Financial Group, Inc American Depositary Shares (each representing 1.2 shares of Common Stock)
SMFG
|
+$364M |
| 5 |
Vodafone
VOD
|
+$314M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$939M |
| 2 |
JPMorgan Chase
JPM
|
+$598M |
| 3 |
RTX Corp
RTX
|
+$579M |
| 4 |
Home Depot
HD
|
+$510M |
| 5 |
Qualcomm
QCOM
|
+$500M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 27.68% |
| 2 | Financials | 17.84% |
| 3 | Technology | 13.72% |
| 4 | Healthcare | 13.4% |
| 5 | Consumer Discretionary | 8.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
DELISTED
BAYER AG SPONS ADR
BAY
| $637M | 0.96% |
4,934,267
+41,547
| +0.8% | +$5.36M |
2013 Q2
16 quarters
|
|
|
27
JPMorgan Chase
JPM
$910B
| $636M | 0.96% |
6,957,114
-6,932,074
| -50% | -$598M |
2013 Q2
16 quarters
|
|
28
AB InBev
BUD
$163B
| $630M | 0.95% |
5,707,561
+57,541
| +1% | +$6.59M |
2013 Q2
16 quarters
|
|
29
HSBC
HSBC
$327B
| $628M | 0.95% |
14,810,876
+401,293
| +3% | +$15.6M |
2013 Q2
16 quarters
|
|
|
30
ING
ING
$96.3B
| $626M | 0.94% |
36,009,342
+33,140,211
| +1,155% | +$545M |
2016 Q2
4 quarters
|
|
31
Oracle
ORCL
$394B
| $604M | 0.91% |
12,054,600
+330,001
| +3% | +$15M |
2013 Q2
16 quarters
|
|
32
GE Aerospace
GE
$330B
| $573M | 0.86% |
4,430,336
-227,617
| -5% | -$31.2M |
2013 Q2
16 quarters
|
|
33
Trip.com Group
TCOM
$25.4B
| $545M | 0.82% |
10,122,535
+302,795
| +3% | +$16.1M |
2014 Q3
11 quarters
|
|
34
Novartis
NVS
$287B
| $543M | 0.82% |
7,260,623
+428,836
| +6% | +$30.4M |
2013 Q2
16 quarters
|
|
35
GSK
GSK
$99.2B
| $540M | 0.82% |
10,027,508
+451,615
| +5% | +$24.1M |
2013 Q2
16 quarters
|
|
36
Comcast
CMCSA
$78.9B
| $527M | 0.79% |
13,527,746
-11,836,945
| -47% | -$466M |
2013 Q2
16 quarters
|
|
|
37
Banco Santander
SAN
$195B
| $522M | 0.79% |
81,450,852
+81,045,958
| +20,017% | +$503M |
2013 Q2
16 quarters
|
|
38
DELISTED
FI Enhanced Europe 50 ETN
FIEE
| $509M | 0.77% |
3,262,757
+17,195
| +0.5% | +$2.59M |
2016 Q1
5 quarters
|
|
39
Cisco
CSCO
$426B
| $503M | 0.76% |
16,076,117
+382,211
| +2% | +$12.5M |
2013 Q2
16 quarters
|
|
40
Novo Nordisk
NVO
$173B
| $501M | 0.76% |
23,381,994
+2,663,984
| +13% | +$53.8M |
2013 Q2
16 quarters
|
|
41
Berkshire Hathaway Class B
BRK.B
$1.14T
| $492M | 0.74% |
2,904,998
-2,812,966
| -49% | -$468M |
2013 Q2
16 quarters
|
|
42
Walt Disney
DIS
$194B
| $469M | 0.71% |
4,412,242
-4,434,430
| -50% | -$486M |
2013 Q2
16 quarters
|
|
43
Merck
MRK
$363B
| $455M | 0.69% |
7,441,123
+248,740
| +3% | +$15.1M |
2013 Q2
16 quarters
|
|
|
44
RTX Corp
RTX
$258B
| $448M | 0.68% |
5,829,393
-7,733,353
| -57% | -$579M |
2013 Q2
16 quarters
|
|
45
Walmart Inc
WMT
$942B
| $443M | 0.67% |
17,561,025
+1,634,076
| +10% | +$41.5M |
2013 Q2
16 quarters
|
|
46
iShares MBS ETF
MBB
$36B
| $443M | 0.67% |
4,145,473
+290,043
| +8% | +$31M |
2013 Q2
16 quarters
|
|
|
FEEU
47
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $436M | 0.66% |
3,699,718
-56,185
| -1% | -$6.4M |
2013 Q2
16 quarters
|
|
48
Lloyds Banking Group
LYG
$79.4B
| $412M | 0.62% |
116,593,046
+13,255,507
| +13% | +$47.1M |
2013 Q4
14 quarters
|
|
49
JD.com
JD
$36.5B
| $400M | 0.6% |
10,190,230
+571,705
| +6% | +$21.6M |
2016 Q1
5 quarters
|
|
50
Chevron
CVX
$435B
| $396M | 0.6% |
3,799,120
+147,750
| +4% | +$15.7M |
2013 Q2
16 quarters
|
|
Similar funds
Fisher Asset Management's Q2 2017 Portfolio in Review
As of Q2 2017, Fisher Asset Management held 877 positions worth $66.3B, up 6.2% from $62.4B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Fisher Asset Management's Q2 2017 filing shows 104 new, 361 increased, 246 reduced and 75 closed positions. Its largest new stake was Sumitomo Mitsui Financial Group, Inc American Depositary Shares (each representing 1.2 shares of Common Stock): 48,974,918 shares worth $385M. The largest sale was Wells Fargo, an estimated $939M.
By sector, the portfolio is most concentrated in Miscellaneous at 28% of assets, up from 22% a quarter earlier, followed by Financials and Technology.
- Fisher Asset Management's largest Q2 2017 buy was Sumitomo Mitsui Financial Group, Inc American Depositary Shares (each representing 1.2 shares of Common Stock): 48,974,918 shares worth $385M.
- Fisher Asset Management added most to Alibaba in Q2 2017, an estimated $594M increase.
- Fisher Asset Management's biggest Q2 2017 reduction was Wells Fargo, cutting an estimated $939M.
- Fisher Asset Management fully exited Janus Capital Group Inc in Q2 2017, selling an estimated $54.1M.
- Fisher Asset Management's ten largest holdings make up 23% of its $66.3B portfolio in Q2 2017.
- Fisher Asset Management opened 104 new positions and closed 75 in Q2 2017.
- Fisher Asset Management's portfolio value rose 6.2% quarter-over-quarter to $66.3B.
Based on Fisher Asset Management's 13F filing for Q2 2017, filed 13 Jul 2017.