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
|
+$821M |
| 2 |
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
|
+$568M |
| 3 |
Advanced Micro Devices
AMD
|
+$428M |
| 4 |
XYZ
Block Inc
XYZ
|
+$419M |
| 5 |
VanEck Semiconductor ETF
SMH
|
+$333M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$683M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$488M |
| 3 |
Marvell Technology
MRVL
|
+$420M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$375M |
| 5 |
PayPal
PYPL
|
+$326M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.02% |
| 2 | Financials | 12.11% |
| 3 | Healthcare | 10.27% |
| 4 | Consumer Discretionary | 8.74% |
| 5 | Industrials | 6.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SPLK
526
DELISTED
Splunk Inc
SPLK
| $3.76M | ﹤0.01% |
43,708
+16,606
| +61% | +$1.34M |
|
527
AptarGroup
ATR
$8.63B
| $3.74M | ﹤0.01% |
33,991
+1,330
| +4% | +$137K |
|
|
CDMO
528
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $3.69M | ﹤0.01% |
267,927
+5,769
| +2% | +$88.4K |
|
529
Invesco KBW Bank ETF
KBWB
$6.86B
| $3.66M | ﹤0.01% |
70,937
+63,003
| +794% | +$3.31M |
|
530
SPS Commerce
SPSC
$2.59B
| $3.64M | ﹤0.01% |
28,336
+13,022
| +85% | +$1.68M |
|
|
DASTY
531
DELISTED
DASSAULT SYSTEMES SA ADR
DASTY
| $3.64M | ﹤0.01% |
101,740
+2,739
| +3% | +$97.9K |
|
532
Incyte
INCY
$24B
| $3.5M | ﹤0.01% |
43,574
+7,441
| +21% | +$569K |
|
533
Check Point Software Technologies
CHKP
$12.8B
| $3.49M | ﹤0.01% |
27,641
-166
| -0.6% | -$20.7K |
|
534
Alkermes
ALKS
$8.11B
| $3.43M | ﹤0.01% |
131,428
+27,927
| +27% | +$668K |
|
|
FOCS
535
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $3.42M | ﹤0.01% |
91,902
+50,755
| +123% | +$1.81M |
|
536
Comcast
CMCSA
$89.3B
| $3.36M | ﹤0.01% |
95,981
-18,146
| -16% | -$600K |
|
537
State Street SPDR S&P 500 ETF Trust
SPY
$818B
| $3.35M | ﹤0.01% |
8,766
+4,835
| +123% | +$1.86M |
|
538
Regeneron Pharmaceuticals
REGN
$79.5B
| $3.32M | ﹤0.01% |
4,606
-13
| -0.3% | -$9.59K |
|
|
REP
539
DELISTED
REPSOL YPF SA ADS(RP 1 CAP SH)
REP
| $3.32M | ﹤0.01% |
209,718
+20,043
| +11% | +$318K |
|
540
IBM
IBM
$220B
| $3.31M | ﹤0.01% |
23,505
+677
| +3% | +$93.4K |
|
|
INN
541
Summit Hotel Properties
INN
$724M
| $3.29M | ﹤0.01% |
456,329
+224,075
| +96% | +$1.75M |
|
542
Upbound Group
UPBD
$1.14B
| $3.25M | ﹤0.01% |
144,023
+96,056
| +200% | +$2.06M |
|
543
Resources Connection
RGP
$145M
| $3.24M | ﹤0.01% |
176,087
-10,370
| -6% | -$191K |
|
544
W&T Offshore
WTI
$497M
| $3.16M | ﹤0.01% |
565,846
-305,480
| -35% | -$2.1M |
|
|
ESTE
545
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
| $3.15M | ﹤0.01% |
221,224
+690
| +0.3% | +$10.2K |
|
546
Quanex
NX
$959M
| $3.05M | ﹤0.01% |
128,637
-9,748
| -7% | -$219K |
|
|
FBGX
547
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $3.04M | ﹤0.01% |
8,026
-1,159
| -13% | -$462K |
|
548
Installed Building Products
IBP
$6.52B
| $3.03M | ﹤0.01% |
35,398
-4,306
| -11% | -$363K |
|
549
Consensus Cloud Solutions
CCSI
$687M
| $3.03M | ﹤0.01% |
56,281
| – | – |
|
550
General Dynamics
GD
$105B
| $3.02M | ﹤0.01% |
12,151
-108
| -0.9% | -$26.3K |
|
Similar funds
Fisher Asset Management's Q4 2022 Portfolio in Review
As of Q4 2022, Fisher Asset Management held 1,228 positions worth $148B, up 11% from $133B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Fisher Asset Management's Q4 2022 filing shows 150 new, 438 increased, 394 reduced and 203 closed positions. Its largest new stake was Macerich: 4,023,537 shares worth $45.3M. The largest sale was iShares iBoxx $ Investment Grade Corporate Bond ETF, an estimated $683M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Financials and Healthcare.
- Fisher Asset Management's largest Q4 2022 buy was Macerich: 4,023,537 shares worth $45.3M.
- Fisher Asset Management added most to Vanguard Intermediate-Term Corporate Bond ETF in Q4 2022, an estimated $821M increase.
- Fisher Asset Management's biggest Q4 2022 reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, cutting an estimated $683M.
- Fisher Asset Management fully exited Fair Isaac in Q4 2022, selling an estimated $35.3M.
- Fisher Asset Management's ten largest holdings make up 26% of its $148B portfolio in Q4 2022.
- Fisher Asset Management opened 150 new positions and closed 203 in Q4 2022.
- Fisher Asset Management's portfolio value rose 11% quarter-over-quarter to $148B.
Based on Fisher Asset Management's 13F filing for Q4 2022, filed 3 Feb 2023.