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 |
Netflix
NFLX
|
+$808M |
| 2 |
Amazon
AMZN
|
+$805M |
| 3 |
DOCU
DocuSign
DOCU
|
+$696M |
| 4 |
Intuit
INTU
|
+$684M |
| 5 |
Meta Platforms (Facebook)
META
|
+$662M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walmart Inc
WMT
|
+$1.14B |
| 2 |
Walt Disney
DIS
|
+$959M |
| 3 |
Intel
INTC
|
+$891M |
| 4 |
UnitedHealth
UNH
|
+$704M |
| 5 |
Visa
V
|
+$609M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.01% |
| 2 | Healthcare | 10.79% |
| 3 | Financials | 10.13% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Communication Services | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Camden Property Trust
CPT
$11B
| $788K | ﹤0.01% |
4,409
| – | – |
|
602
SouthState Bank Corp
SSB
$10.5B
| $788K | ﹤0.01% |
9,836
+98
| +1% | +$7.79K |
|
603
Church & Dwight Co
CHD
$24.5B
| $782K | ﹤0.01% |
7,627
-725
| -9% | -$65.7K |
|
604
Duke Energy
DUK
$96.6B
| $781K | ﹤0.01% |
7,441
-496
| -6% | -$50.3K |
|
605
Amphenol
APH
$210B
| $780K | ﹤0.01% |
17,834
+386
| +2% | +$15.6K |
|
606
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.34B
| $776K | ﹤0.01% |
3,430
-126
| -4% | -$29.8K |
|
607
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.6B
| $772K | ﹤0.01% |
13,027
+457
| +4% | +$27.2K |
|
608
Open Text
OTEX
$6.23B
| $764K | ﹤0.01% |
16,100
-146
| -0.9% | -$7.18K |
|
609
Vanguard Morningstar Value ETF
VTV
$191B
| $760K | ﹤0.01% |
5,167
+531
| +11% | +$75.8K |
|
610
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| $744K | ﹤0.01% |
13,541
+3,933
| +41% | +$216K |
|
611
Collegium Pharmaceutical
COLL
$944M
| $740K | ﹤0.01% |
39,593
+19,244
| +95% | +$375K |
|
612
iShares Russell 2000 ETF
IWM
$82.1B
| $739K | ﹤0.01% |
3,323
+1,300
| +64% | +$294K |
|
613
Arthur J. Gallagher & Co
AJG
$64.5B
| $737K | ﹤0.01% |
+4,343
| New | +$710K |
|
614
Mondelez International
MDLZ
$80.1B
| $727K | ﹤0.01% |
10,961
-1,392
| -11% | -$85.9K |
|
|
CTRA
615
DELISTED
Coterra Energy
CTRA
| $713K | ﹤0.01% |
+37,539
| New | +$783K |
|
|
SPPI
616
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $692K | ﹤0.01% |
545,198
+487,323
| +842% | +$871K |
|
617
Illinois Tool Works
ITW
$84.8B
| $676K | ﹤0.01% |
2,740
+248
| +10% | +$57.6K |
|
618
iShares S&P 500 Growth ETF
IVW
$77B
| $673K | ﹤0.01% |
8,046
+4,365
| +119% | +$352K |
|
619
Lexicon Pharmaceuticals
LXRX
$1.05B
| $673K | ﹤0.01% |
+170,770
| New | +$829K |
|
620
Eagle Bancorp
EGBN
$849M
| $671K | ﹤0.01% |
11,493
| – | – |
|
621
Expedia Group
EXPE
$36.8B
| $662K | ﹤0.01% |
3,663
-232
| -6% | -$39.4K |
|
622
Travelers Companies
TRV
$80.5B
| $660K | ﹤0.01% |
4,219
+2,797
| +197% | +$437K |
|
623
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.3B
| $660K | ﹤0.01% |
11,055
+1,450
| +15% | +$87K |
|
624
Live Nation Entertainment
LYV
$42.3B
| $658K | ﹤0.01% |
5,496
-2,585
| -32% | -$279K |
|
625
Moderna
MRNA
$21.5B
| $657K | ﹤0.01% |
2,585
+319
| +14% | +$93.3K |
|
Similar funds
Fisher Asset Management's Q4 2021 Portfolio in Review
As of Q4 2021, Fisher Asset Management held 1,147 positions worth $179B, up 11% from $161B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Fisher Asset Management deployed $7.67B of net new capital in Q4 2021, opening 119 new positions and adding to 524 existing holdings. Its largest new stake was DocuSign: 3,052,026 shares worth $465M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Walmart Inc, an estimated $1.14B trimmed.
- Fisher Asset Management's largest Q4 2021 buy was DocuSign: 3,052,026 shares worth $465M.
- Fisher Asset Management added most to Netflix in Q4 2021, an estimated $808M increase.
- Fisher Asset Management's biggest Q4 2021 reduction was Walmart Inc, cutting an estimated $1.14B.
- Fisher Asset Management fully exited Kansas City Southern in Q4 2021, selling an estimated $64.7M.
- Fisher Asset Management's ten largest holdings make up 32% of its $179B portfolio in Q4 2021.
- Fisher Asset Management opened 119 new positions and closed 80 in Q4 2021.
- Fisher Asset Management's portfolio value rose 11% quarter-over-quarter to $179B.
Based on Fisher Asset Management's 13F filing for Q4 2021, filed 2 Feb 2022.