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 | |
|---|---|---|---|---|---|---|
701
iShares MSCI Germany ETF
EWG
$1.61B
| $426K | ﹤0.01% |
12,994
-2,471
| -16% | -$82K |
|
702
Phillips 66
PSX
$81.8B
| $424K | ﹤0.01% |
5,846
-131
| -2% | -$9.9K |
|
703
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.91B
| $421K | ﹤0.01% |
3,874
+86
| +2% | +$9.32K |
|
704
TE Connectivity
TEL
$63.1B
| $421K | ﹤0.01% |
2,610
+375
| +17% | +$58K |
|
705
Vanguard Extended Market ETF
VXF
$31.2B
| $419K | ﹤0.01% |
2,291
+311
| +16% | +$58.5K |
|
706
Vanguard Total International Bond ETF
BNDX
$82.1B
| $413K | ﹤0.01% |
7,488
+3,167
| +73% | +$180K |
|
|
FIEE
707
DELISTED
FI Enhanced Europe 50 ETN
FIEE
| $409K | ﹤0.01% |
1,940
-22
| -1% | -$4.39K |
|
708
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.71B
| $408K | ﹤0.01% |
4,626
-2,018
| -30% | -$176K |
|
709
S&P Global
SPGI
$119B
| $406K | ﹤0.01% |
860
+120
| +16% | +$54.9K |
|
710
Texas Pacific Land
TPL
$24.6B
| $405K | ﹤0.01% |
2,916
-18,585
| -86% | -$2.59M |
|
711
iShares New York Muni Bond ETF
NYF
$1.39B
| $398K | ﹤0.01% |
6,863
| – | – |
|
712
American Electric Power
AEP
$67.7B
| $393K | ﹤0.01% |
4,421
+1,006
| +29% | +$84.9K |
|
|
SCHW
713
Charles Schwab
SCHW
$187B
| $392K | ﹤0.01% |
+4,665
| New | +$377K |
|
714
Xcel Energy
XEL
$47.8B
| $391K | ﹤0.01% |
5,773
-1,079
| -16% | -$70.3K |
|
715
Vanguard Morningstar Mid-Cap Value ETF
VOE
$23.9B
| $386K | ﹤0.01% |
+2,567
| New | +$377K |
|
716
iShares MSCI USA Min Vol Factor ETF
USMV
$24B
| $384K | ﹤0.01% |
4,744
+2,009
| +73% | +$156K |
|
717
Allstate
ALL
$70.4B
| $382K | ﹤0.01% |
3,244
-332
| -9% | -$39.3K |
|
718
iShares 20+ Year Treasury Bond ETF
TLT
$41.6B
| $382K | ﹤0.01% |
+2,577
| New | +$380K |
|
719
Schwab U.S Small- Cap ETF
SCHA
$22.9B
| $379K | ﹤0.01% |
+14,808
| New | +$383K |
|
720
Colgate-Palmolive
CL
$73.8B
| $376K | ﹤0.01% |
4,410
+778
| +21% | +$60.8K |
|
721
Vanguard Morningstar Mega Cap ETF
MGC
$10.3B
| $373K | ﹤0.01% |
2,218
+64
| +3% | +$10.4K |
|
722
Aecom
ACM
$9.68B
| $372K | ﹤0.01% |
4,811
+564
| +13% | +$39.6K |
|
723
Agilent Technologies
A
$39.5B
| $363K | ﹤0.01% |
2,272
+909
| +67% | +$142K |
|
724
Zai Lab
ZLAB
$2.43B
| $363K | ﹤0.01% |
5,779
-7
| -0.1% | -$594 |
|
725
O'Reilly Automotive
ORLY
$76.2B
| $358K | ﹤0.01% |
+7,605
| New | +$329K |
|
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.