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 |
Adobe
ADBE
|
+$312M |
| 2 |
Salesforce
CRM
|
+$299M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$263M |
| 4 |
Netflix
NFLX
|
+$250M |
| 5 |
ConocoPhillips
COP
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TotalEnergies
TTE
|
+$16.4B |
| 2 |
PepsiCo
PEP
|
+$755M |
| 3 |
Procter & Gamble
PG
|
+$520M |
| 4 |
UN
Unilever NV New York Registry Shares
UN
|
+$179M |
| 5 |
Televisa
TV
|
+$119M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.39% |
| 2 | Financials | 12.97% |
| 3 | Healthcare | 11.55% |
| 4 | Consumer Discretionary | 8.66% |
| 5 | Energy | 7.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
COWN
476
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $1.92M | ﹤0.01% |
132,505
-11,030
| -8% | -$169K |
|
|
REP
477
DELISTED
REPSOL YPF SA ADS(RP 1 CAP SH)
REP
| $1.89M | ﹤0.01% |
110,266
+29,379
| +36% | +$503K |
|
478
Central Pacific Financial
CPF
$1.03B
| $1.89M | ﹤0.01% |
65,364
-29
| -0% | -$814 |
|
479
Ring Energy
REI
$327M
| $1.82M | ﹤0.01% |
310,561
+172,293
| +125% | +$1.02M |
|
|
SNV
480
DELISTED
Synovus
SNV
| $1.82M | ﹤0.01% |
+52,924
| New | +$1.94M |
|
481
Columbia Banking Systems
COLB
$8.89B
| $1.79M | ﹤0.01% |
54,779
-4,630
| -8% | -$168K |
|
482
AMERISAFE
AMSF
$558M
| $1.77M | ﹤0.01% |
29,822
-3,165
| -10% | -$188K |
|
483
Union Pacific
UNP
$176B
| $1.77M | ﹤0.01% |
10,585
-1,244
| -11% | -$200K |
|
484
McDonald's
MCD
$195B
| $1.76M | ﹤0.01% |
9,290
-1,669
| -15% | -$303K |
|
|
LMNX
485
DELISTED
Luminex Corp
LMNX
| $1.75M | ﹤0.01% |
76,055
-6,660
| -8% | -$167K |
|
486
Vipshop
VIPS
$7.42B
| $1.73M | ﹤0.01% |
215,721
| – | – |
|
487
Banner Corp
BANR
$2.41B
| $1.72M | ﹤0.01% |
31,794
+6
| +0% | +$341 |
|
488
CVB Financial
CVBF
$4.04B
| $1.72M | ﹤0.01% |
81,685
| – | – |
|
|
NE
489
DELISTED
Noble Corporation
NE
| $1.71M | ﹤0.01% |
594,580
-268,437
| -31% | -$836K |
|
490
Booking.com
BKNG
$157B
| $1.65M | ﹤0.01% |
23,700
-11,575
| -33% | -$826K |
|
491
Heron Therapeutics
HRTX
$94.8M
| $1.64M | ﹤0.01% |
67,243
| – | – |
|
492
First Merchants
FRME
$2.73B
| $1.64M | ﹤0.01% |
44,451
-4,685
| -10% | -$179K |
|
493
CF Industries
CF
$17.2B
| $1.63M | ﹤0.01% |
39,751
-7,890
| -17% | -$335K |
|
494
Lantheus
LNTH
$6.65B
| $1.62M | ﹤0.01% |
66,274
| – | – |
|
495
State Street Financial Select Sector SPDR ETF
XLF
$58.8B
| $1.61M | ﹤0.01% |
62,676
-6,592
| -10% | -$170K |
|
496
Kroger
KR
$34.9B
| $1.58M | ﹤0.01% |
64,162
-86,667
| -57% | -$2.37M |
|
497
Expeditors International
EXPD
$23.4B
| $1.55M | ﹤0.01% |
20,408
+24
| +0.1% | +$1.73K |
|
498
UnitedHealth
UNH
$372B
| $1.53M | ﹤0.01% |
6,187
+890
| +17% | +$227K |
|
499
Berkshire Hathaway Class A
BRK.A
$1.12T
| $1.51M | ﹤0.01% |
5
| – | – |
|
|
CLVS
500
DELISTED
Clovis Oncology, Inc.
CLVS
| $1.48M | ﹤0.01% |
59,551
+120
| +0.2% | +$3.01K |
|
Similar funds
Fisher Asset Management's Q1 2019 Portfolio in Review
As of Q1 2019, Fisher Asset Management held 944 positions worth $85.3B, up 17% from $73.2B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Fisher Asset Management withdrew a net $15B in Q1 2019, closing 82 positions and reducing 367 holdings. Its most notable exit was Televisa, an estimated $119M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Fisher Asset Management opened a new position in Hess worth $123M.
- Fisher Asset Management's largest Q1 2019 buy was Hess: 2,044,909 shares worth $123M.
- Fisher Asset Management added most to Adobe in Q1 2019, an estimated $312M increase.
- Fisher Asset Management's biggest Q1 2019 reduction was TotalEnergies, cutting an estimated $16.4B.
- Fisher Asset Management fully exited Televisa in Q1 2019, selling an estimated $119M.
- Fisher Asset Management's ten largest holdings make up 26% of its $85.3B portfolio in Q1 2019.
- Fisher Asset Management opened 78 new positions and closed 82 in Q1 2019.
- Fisher Asset Management's portfolio value rose 17% quarter-over-quarter to $85.3B.
Based on Fisher Asset Management's 13F filing for Q1 2019, filed 22 Apr 2019.