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 Expanded Tech-Software Sector ETF
IGV
|
+$1.39B |
| 2 |
SCHW
Charles Schwab
SCHW
|
+$1.07B |
| 3 |
Walmart Inc
WMT
|
+$1B |
| 4 |
Blackrock
BLK
|
+$996M |
| 5 |
Starbucks
SBUX
|
+$813M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$1.12B |
| 2 |
Visa
V
|
+$1.06B |
| 3 |
Apple
AAPL
|
+$1.02B |
| 4 |
Alibaba
BABA
|
+$983M |
| 5 |
Costco
COST
|
+$931M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.2% |
| 2 | Financials | 11.9% |
| 3 | Healthcare | 9.86% |
| 4 | Consumer Discretionary | 9.75% |
| 5 | Communication Services | 6.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
651
First Trust Nasdaq-100 Select Equal Weight ETF
QQEW
$1.82B
| $685K | ﹤0.01% |
8,185
-442
| -5% | -$41.2K |
|
652
S&P Global
SPGI
$121B
| $669K | ﹤0.01% |
2,190
+1,420
| +184% | +$508K |
|
653
Linde
LIN
$226B
| $668K | ﹤0.01% |
2,477
-603
| -20% | -$173K |
|
654
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| $640K | ﹤0.01% |
13,292
+2,603
| +24% | +$130K |
|
655
iShares California Muni Bond ETF
CMF
$4.62B
| $632K | ﹤0.01% |
11,657
-4,597
| -28% | -$260K |
|
656
Abercrombie & Fitch
ANF
$4.98B
| $629K | ﹤0.01% |
+40,431
| New | +$698K |
|
657
Truist Financial
TFC
$64.2B
| $610K | ﹤0.01% |
14,012
+818
| +6% | +$39.4K |
|
658
iShares US Aerospace & Defense ETF
ITA
$14.6B
| $591K | ﹤0.01% |
6,481
-766
| -11% | -$77.4K |
|
659
Automatic Data Processing
ADP
$108B
| $580K | ﹤0.01% |
2,564
-663
| -21% | -$156K |
|
660
Fidelity MSCI Health Care Index ETF
FHLC
$3.34B
| $565K | ﹤0.01% |
9,802
-344
| -3% | -$21.2K |
|
661
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.36B
| $564K | ﹤0.01% |
6,608
+1,682
| +34% | +$154K |
|
662
W.P. Carey
WPC
$16.4B
| $564K | ﹤0.01% |
8,243
-1,531
| -16% | -$125K |
|
663
Northrop Grumman
NOC
$80.8B
| $563K | ﹤0.01% |
1,196
-58
| -5% | -$27.6K |
|
664
Aflac
AFL
$63.2B
| $552K | ﹤0.01% |
9,819
-1,454
| -13% | -$85.6K |
|
665
Fortinet
FTNT
$117B
| $546K | ﹤0.01% |
11,117
-2,242
| -17% | -$121K |
|
666
Accenture
ACN
$107B
| $542K | ﹤0.01% |
2,108
-2,010
| -49% | -$581K |
|
667
Wabtec
WAB
$49.9B
| $540K | ﹤0.01% |
6,638
-41
| -0.6% | -$3.62K |
|
668
Duke Energy
DUK
$97.6B
| $538K | ﹤0.01% |
5,788
-789
| -12% | -$84.7K |
|
669
Corning
GLW
$143B
| $533K | ﹤0.01% |
18,378
+2,791
| +18% | +$94.5K |
|
670
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.6B
| $528K | ﹤0.01% |
10,932
-1,483
| -12% | -$75.8K |
|
671
Camden Property Trust
CPT
$11.1B
| $527K | ﹤0.01% |
4,410
-17
| -0.4% | -$2.27K |
|
672
WisdomTree
WT
$3.25B
| $522K | ﹤0.01% |
111,632
-761,000
| -87% | -$3.89M |
|
673
Mondelez International
MDLZ
$80.2B
| $519K | ﹤0.01% |
9,466
+446
| +5% | +$27.7K |
|
674
Eagle Bancorp
EGBN
$844M
| $515K | ﹤0.01% |
11,493
| – | – |
|
675
Air Products & Chemicals
APD
$67.4B
| $507K | ﹤0.01% |
2,177
-42
| -2% | -$10.4K |
|
Similar funds
Fisher Asset Management's Q3 2022 Portfolio in Review
As of Q3 2022, Fisher Asset Management held 1,176 positions worth $133B, down 5.6% from $141B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Fisher Asset Management's Q3 2022 filing shows 111 new, 332 increased, 452 reduced and 98 closed positions. Its largest new stake was Charles Schwab: 15,433,332 shares worth $1.11B. The largest sale was Vanguard Intermediate-Term Corporate Bond ETF, an estimated $1.12B.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 28% a quarter earlier, followed by Financials and Healthcare.
- Fisher Asset Management's largest Q3 2022 buy was Charles Schwab: 15,433,332 shares worth $1.11B.
- Fisher Asset Management added most to iShares Expanded Tech-Software Sector ETF in Q3 2022, an estimated $1.39B increase.
- Fisher Asset Management's biggest Q3 2022 reduction was Vanguard Intermediate-Term Corporate Bond ETF, cutting an estimated $1.12B.
- Fisher Asset Management fully exited Atlas Air Worldwide Holdings, Inc. in Q3 2022, selling an estimated $22.2M.
- Fisher Asset Management's ten largest holdings make up 29% of its $133B portfolio in Q3 2022.
- Fisher Asset Management opened 111 new positions and closed 98 in Q3 2022.
- Fisher Asset Management's portfolio value fell 5.6% quarter-over-quarter to $133B.
Based on Fisher Asset Management's 13F filing for Q3 2022, filed 8 Nov 2022.