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 |
PepsiCo
PEP
|
+$821M |
| 2 |
UnitedHealth
UNH
|
+$757M |
| 3 |
Procter & Gamble
PG
|
+$646M |
| 4 |
ExxonMobil
XOM
|
+$580M |
| 5 |
Broadcom
AVGO
|
+$544M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XYZ
Block Inc
XYZ
|
+$700M |
| 2 |
SLB Ltd
SLB
|
+$562M |
| 3 |
PayPal
PYPL
|
+$554M |
| 4 |
Target
TGT
|
+$476M |
| 5 |
Uber
UBER
|
+$428M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.95% |
| 2 | Financials | 10.94% |
| 3 | Healthcare | 9.68% |
| 4 | Consumer Discretionary | 9.44% |
| 5 | Industrials | 7.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
Scholar Rock
SRRK
$5.74B
| $1.06M | ﹤0.01% |
+141,055
| New | +$1.07M |
|
702
State Street SPDR S&P Metals & Mining ETF
XME
$4.28B
| $1.06M | ﹤0.01% |
20,844
+198
| +1% | +$9.72K |
|
|
SFBS
703
ServisFirst Bancshares
SFBS
$4.94B
| $1.06M | ﹤0.01% |
25,833
-6,402
| -20% | -$296K |
|
704
Gilead Sciences
GILD
$164B
| $1.06M | ﹤0.01% |
13,708
+2,105
| +18% | +$168K |
|
705
Oceaneering
OII
$4.78B
| $1.05M | ﹤0.01% |
56,272
-36
| -0.1% | -$620 |
|
706
InterContinental Hotels
IHG
$23.9B
| $1.05M | ﹤0.01% |
14,881
| – | – |
|
|
HAYN
707
DELISTED
Haynes International, Inc.
HAYN
| $1.03M | ﹤0.01% |
20,202
| – | – |
|
708
Old Second Bancorp
OSBC
$1.32B
| $1.02M | ﹤0.01% |
78,032
| – | – |
|
709
Duke Energy
DUK
$96.2B
| $1.02M | ﹤0.01% |
11,345
+6,272
| +124% | +$592K |
|
|
HT
710
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $1.01M | ﹤0.01% |
166,051
| – | – |
|
711
SPDR Gold Trust
GLD
$138B
| $996K | ﹤0.01% |
5,587
+2,592
| +87% | +$476K |
|
712
Waste Management
WM
$89.7B
| $990K | ﹤0.01% |
5,709
+98
| +2% | +$16.2K |
|
713
Teleflex
TFX
$6.06B
| $972K | ﹤0.01% |
4,018
-304
| -7% | -$76.1K |
|
714
Marathon Petroleum
MPC
$86.9B
| $963K | ﹤0.01% |
8,260
+3,511
| +74% | +$408K |
|
715
iShares MSCI Spain ETF
EWP
$2.15B
| $962K | ﹤0.01% |
33,270
-400
| -1% | -$11.3K |
|
716
United Therapeutics
UTHR
$22B
| $960K | ﹤0.01% |
4,349
+23
| +0.5% | +$5.09K |
|
717
iShares TIPS Bond ETF
TIP
$14.5B
| $957K | ﹤0.01% |
8,891
+2,692
| +43% | +$293K |
|
718
Vanguard Total International Stock ETF
VXUS
$158B
| $953K | ﹤0.01% |
16,989
+12,109
| +248% | +$677K |
|
|
JNPR
719
DELISTED
Juniper Networks
JNPR
| $949K | ﹤0.01% |
30,292
| – | – |
|
720
iShares Russell 2000 ETF
IWM
$82.5B
| $940K | ﹤0.01% |
5,018
-1,629
| -25% | -$290K |
|
721
Oppenheimer Holdings
OPY
$1.24B
| $938K | ﹤0.01% |
23,345
| – | – |
|
722
Icon
ICLR
$12.6B
| $937K | ﹤0.01% |
3,744
-107
| -3% | -$22.7K |
|
723
Northrop Grumman
NOC
$79.2B
| $917K | ﹤0.01% |
2,012
+819
| +69% | +$372K |
|
724
Nicolet Bankshares
NIC
$3.65B
| $914K | ﹤0.01% |
+13,463
| New | +$853K |
|
725
Sutro Biopharma
STRO
$416M
| $914K | ﹤0.01% |
+19,652
| New | +$978K |
|
Similar funds
Fisher Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, Fisher Asset Management held 1,244 positions worth $181B, up 9.9% from $165B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Fisher Asset Management's Q2 2023 filing shows 109 new, 547 increased, 343 reduced and 81 closed positions. Its largest new stake was CNB Financial Corp: 67,868 shares worth $1.2M. The largest sale was Block Inc, an estimated $700M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 27% a quarter earlier, followed by Financials and Healthcare.
- Fisher Asset Management's largest Q2 2023 buy was CNB Financial Corp: 67,868 shares worth $1.2M.
- Fisher Asset Management added most to PepsiCo in Q2 2023, an estimated $821M increase.
- Fisher Asset Management's biggest Q2 2023 reduction was Block Inc, cutting an estimated $700M.
- Fisher Asset Management fully exited Mechanics Bancorp in Q2 2023, selling an estimated $1.17M.
- Fisher Asset Management's ten largest holdings make up 28% of its $181B portfolio in Q2 2023.
- Fisher Asset Management opened 109 new positions and closed 81 in Q2 2023.
- Fisher Asset Management's portfolio value rose 9.9% quarter-over-quarter to $181B.
Based on Fisher Asset Management's 13F filing for Q2 2023, filed 8 Aug 2023.