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 | |
|---|---|---|---|---|---|---|
576
iShares S&P 500 Value ETF
IVE
$49.8B
| $1.95M | ﹤0.01% |
9,429
+7,440
| +374% | +$1.49M |
|
577
Automatic Data Processing
ADP
$109B
| $1.94M | ﹤0.01% |
6,619
+1,142
| +21% | +$344K |
|
578
KraneShares CSI China Internet ETF
KWEB
$5.65B
| $1.94M | ﹤0.01% |
46,066
+595
| +1% | +$22.3K |
|
579
Exelixis
EXEL
$13.2B
| $1.93M | ﹤0.01% |
46,812
+1,982
| +4% | +$79.7K |
|
580
iShares Semiconductor ETF
SOXX
$48.3B
| $1.89M | ﹤0.01% |
6,974
-1,541
| -18% | -$384K |
|
|
PPL
581
PPL Corp
PPL
$26.4B
| $1.88M | ﹤0.01% |
+50,466
| New | +$1.81M |
|
582
Mizuho Financial
MFG
$130B
| $1.87M | ﹤0.01% |
279,459
+13,385
| +5% | +$83.5K |
|
583
MSCI
MSCI
$41.4B
| $1.87M | ﹤0.01% |
3,295
-183
| -5% | -$103K |
|
|
GTLS
584
DELISTED
Chart Industries
GTLS
| $1.87M | ﹤0.01% |
9,338
-500,950
| -98% | -$95.2M |
|
585
Invesco NASDAQ 100 ETF
QQQM
$102B
| $1.83M | ﹤0.01% |
7,411
+521
| +8% | +$123K |
|
586
Stepan Co
SCL
$1.48B
| $1.83M | ﹤0.01% |
38,360
| – | – |
|
587
Vanguard Total International Bond ETF
BNDX
$82.2B
| $1.83M | ﹤0.01% |
36,964
+27,909
| +308% | +$1.38M |
|
|
VTLE
588
DELISTED
Vital Energy
VTLE
| $1.82M | ﹤0.01% |
107,919
-382
| -0.4% | -$6.46K |
|
589
CNB Financial Corp
CCNE
$1.03B
| $1.82M | ﹤0.01% |
75,175
| – | – |
|
590
MiMedx Group
MDXG
$621M
| $1.82M | ﹤0.01% |
260,242
-12,760
| -5% | -$88.7K |
|
591
Wells Fargo
WFC
$263B
| $1.81M | ﹤0.01% |
21,572
-1,388
| -6% | -$113K |
|
592
AnaptysBio
ANAB
$1.66B
| $1.8M | ﹤0.01% |
58,878
-21
| -0% | -$482 |
|
|
PDM
593
Piedmont Realty Trust
PDM
$1.19B
| $1.78M | ﹤0.01% |
197,368
+500
| +0.3% | +$4.02K |
|
594
Devon Energy
DVN
$47.3B
| $1.77M | ﹤0.01% |
50,588
-1,936
| -4% | -$65.9K |
|
595
Old Second Bancorp
OSBC
$1.31B
| $1.77M | ﹤0.01% |
102,505
-5,518
| -5% | -$99.4K |
|
596
Tango Therapeutics
TNGX
$4.54B
| $1.77M | ﹤0.01% |
210,352
-13,725
| -6% | -$92.9K |
|
597
KeyCorp
KEY
$24.3B
| $1.77M | ﹤0.01% |
94,445
-231
| -0.2% | -$4.28K |
|
598
Tyson Foods
TSN
$20.6B
| $1.75M | ﹤0.01% |
32,240
-399
| -1% | -$22K |
|
599
Comcast
CMCSA
$89.9B
| $1.74M | ﹤0.01% |
55,512
-5,107
| -8% | -$171K |
|
600
Semtech
SMTC
$12.9B
| $1.72M | ﹤0.01% |
24,069
-1,711
| -7% | -$92.9K |
|
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.