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 |
Royal Bank of Canada
RY
|
+$647M |
| 2 |
Sony
SONY
|
+$407M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$394M |
| 4 |
SAP
SAP
|
+$333M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$308M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$1.41B |
| 2 |
NVIDIA
NVDA
|
+$1.04B |
| 3 |
Salesforce
CRM
|
+$1.02B |
| 4 |
Eli Lilly
LLY
|
+$883M |
| 5 |
JPMorgan Chase
JPM
|
+$764M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.47% |
| 2 | Financials | 18.4% |
| 3 | Industrials | 9.35% |
| 4 | Healthcare | 9.18% |
| 5 | Communication Services | 6.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
Central Pacific Financial
CPF
$1.03B
| $2.41M | ﹤0.01% |
85,866
| – | – |
|
552
Rexford Industrial Realty
REXR
$8.24B
| $2.38M | ﹤0.01% |
66,786
+22
| +0% | +$768 |
|
553
nLIGHT
LASR
$4.29B
| $2.37M | ﹤0.01% |
120,190
-5,387
| -4% | -$66.9K |
|
554
First Financial Corp
THFF
$985M
| $2.35M | ﹤0.01% |
43,386
-4,893
| -10% | -$244K |
|
555
Regeneron Pharmaceuticals
REGN
$78.9B
| $2.29M | ﹤0.01% |
4,353
| – | – |
|
556
Arista Networks
ANET
$253B
| $2.28M | ﹤0.01% |
22,311
-1,352
| -6% | -$117K |
|
557
GE Vernova
GEV
$274B
| $2.23M | ﹤0.01% |
4,211
+676
| +19% | +$281K |
|
558
Vanguard Industrials ETF
VIS
$8.44B
| $2.2M | ﹤0.01% |
7,847
-68
| -0.9% | -$17.6K |
|
559
Woodside Energy
WDS
$42B
| $2.19M | ﹤0.01% |
141,702
+30,223
| +27% | +$423K |
|
560
iShares US Aerospace & Defense ETF
ITA
$14.8B
| $2.19M | ﹤0.01% |
11,586
-1,641
| -12% | -$272K |
|
561
DXP Enterprises
DXPE
$2.65B
| $2.17M | ﹤0.01% |
24,759
-3,939
| -14% | -$328K |
|
562
Comcast
CMCSA
$87.8B
| $2.16M | ﹤0.01% |
60,619
-9,993
| -14% | -$346K |
|
|
INVX
563
Innovex International
INVX
$2.13B
| $2.12M | ﹤0.01% |
135,475
-171,207
| -56% | -$2.63M |
|
564
Valero Energy
VLO
$87.4B
| $2.09M | ﹤0.01% |
15,581
-763
| -5% | -$95.1K |
|
565
Stepan Co
SCL
$1.46B
| $2.09M | ﹤0.01% |
38,360
| – | – |
|
566
iShares MSCI EAFE ETF
EFA
$79.5B
| $2.08M | ﹤0.01% |
23,281
+2,745
| +13% | +$234K |
|
567
Incyte
INCY
$24.3B
| $2.04M | ﹤0.01% |
29,922
+12,785
| +75% | +$810K |
|
|
NPKI
568
NPK International
NPKI
$1.15B
| $2.04M | ﹤0.01% |
239,286
| – | – |
|
569
iShares Semiconductor ETF
SOXX
$48B
| $2.03M | ﹤0.01% |
8,515
-1,083
| -11% | -$217K |
|
570
Build-A-Bear
BBW
$439M
| $2.03M | ﹤0.01% |
39,331
-1,821
| -4% | -$77.1K |
|
571
Stewart Information Services
STC
$2.07B
| $2.02M | ﹤0.01% |
31,066
+1
| +0% | +$64 |
|
572
Oppenheimer Holdings
OPY
$1.24B
| $2.02M | ﹤0.01% |
30,709
| – | – |
|
573
MSCI
MSCI
$41.6B
| $2.01M | ﹤0.01% |
3,478
-1,296
| -27% | -$717K |
|
574
Exelixis
EXEL
$14.3B
| $1.98M | ﹤0.01% |
44,830
-448
| -1% | -$17.9K |
|
575
Expedia Group
EXPE
$38.5B
| $1.97M | ﹤0.01% |
11,691
-6,503
| -36% | -$1.05M |
|
Similar funds
Fisher Asset Management's Q2 2025 Portfolio in Review
As of Q2 2025, Fisher Asset Management held 1,093 positions worth $252B, up 9% from $231B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fisher Asset Management's Q2 2025 filing shows 94 new, 337 increased, 522 reduced and 107 closed positions. Its largest new stake was Canadian National Railway: 1,823,800 shares worth $190M. The largest sale was Oracle, an estimated $1.41B.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Industrials.
- Fisher Asset Management's largest Q2 2025 buy was Canadian National Railway: 1,823,800 shares worth $190M.
- Fisher Asset Management added most to Royal Bank of Canada in Q2 2025, an estimated $647M increase.
- Fisher Asset Management's biggest Q2 2025 reduction was Oracle, cutting an estimated $1.41B.
- Fisher Asset Management fully exited Tenable Holdings in Q2 2025, selling an estimated $43.2M.
- Fisher Asset Management's ten largest holdings make up 31% of its $252B portfolio in Q2 2025.
- Fisher Asset Management opened 94 new positions and closed 107 in Q2 2025.
- Fisher Asset Management's portfolio value rose 9% quarter-over-quarter to $252B.
Based on Fisher Asset Management's 13F filing for Q2 2025, filed 13 Aug 2025.