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 |
GE Vernova
GEV
|
+$3.63B |
| 2 |
GE Aerospace
GE
|
+$3.62B |
| 3 |
Cisco
CSCO
|
+$1.68B |
| 4 |
UnitedHealth
UNH
|
+$1.42B |
| 5 |
Merck
MRK
|
+$1.41B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Natural Resources
CNQ
|
+$1.97B |
| 2 |
ConocoPhillips
COP
|
+$1.69B |
| 3 |
ING
ING
|
+$1.3B |
| 4 |
Chevron
CVX
|
+$973M |
| 5 |
Johnson Controls International
JCI
|
+$954M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.63% |
| 2 | Financials | 16.68% |
| 3 | Industrials | 13.38% |
| 4 | Miscellaneous | 10.91% |
| 5 | Healthcare | 10.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Mitsubishi UFJ Financial
MUFG
$246B
| $1.95B | 0.58% |
97,910,346
+2,221,042
| +2% | +$41.8M |
2023 Q4
10 quarters
|
|
52
Oracle
ORCL
$388B
| $1.94B | 0.58% |
13,261,451
+3,699,197
| +39% | +$670M |
2013 Q2
52 quarters
|
|
53
GSK
GSK
$99.4B
| $1.87B | 0.56% |
35,722,792
+1,200,429
| +3% | +$63.5M |
2013 Q2
52 quarters
|
|
54
Union Pacific
UNP
$172B
| $1.79B | 0.53% |
6,578,759
+74,694
| +1% | +$19.6M |
2013 Q2
52 quarters
|
|
55
HSBC
HSBC
$323B
| $1.77B | 0.53% |
18,572,508
+369,708
| +2% | +$33.7M |
2025 Q1
5 quarters
|
|
56
Procter & Gamble
PG
$370B
| $1.65B | 0.49% |
11,238,939
+225,367
| +2% | +$32.8M |
2013 Q2
52 quarters
|
|
|
57
Johnson Controls International
JCI
$88.2B
| $1.57B | 0.47% |
10,769,298
-6,757,218
| -39% | -$954M |
2022 Q3
15 quarters
|
|
58
Intuitive Surgical
ISRG
$151B
| $1.56B | 0.46% |
3,918,840
+65,900
| +2% | +$28.8M |
2018 Q1
33 quarters
|
|
59
Unilever
UL
$142B
| $1.48B | 0.44% |
24,693,472
+3,426,684
| +16% | +$198M |
2020 Q4
22 quarters
|
|
60
Thermo Fisher Scientific
TMO
$254B
| $1.46B | 0.44% |
2,915,715
+64,136
| +2% | +$30.8M |
2019 Q2
28 quarters
|
|
61
Royal Bank of Canada
RY
$274B
| $1.46B | 0.44% |
7,062,353
+350,799
| +5% | +$65.1M |
2024 Q2
8 quarters
|
|
62
Netflix
NFLX
$292B
| $1.46B | 0.43% |
20,415,312
+78,838
| +0.4% | +$6.94M |
2017 Q1
37 quarters
|
|
63
iShares National Muni Bond ETF
MUB
$49.2B
| $1.36B | 0.41% |
12,648,532
+1,052,371
| +9% | +$113M |
2015 Q3
43 quarters
|
|
64
Emerson Electric
EMR
$89.7B
| $1.35B | 0.4% |
9,426,709
+946,690
| +11% | +$133M |
2021 Q2
20 quarters
|
|
65
Blackrock
BLK
$175B
| $1.35B | 0.4% |
1,403,263
-377,696
| -21% | -$391M |
2014 Q4
46 quarters
|
|
66
CSX Corp
CSX
$90.2B
| $1.33B | 0.4% |
28,042,636
+794,989
| +3% | +$35.9M |
2013 Q2
52 quarters
|
|
67
Boeing
BA
$150B
| $1.31B | 0.39% |
6,055,655
+203,447
| +3% | +$45.3M |
2013 Q2
52 quarters
|
|
68
Starbucks
SBUX
$111B
| $1.29B | 0.38% |
12,585,385
+338,136
| +3% | +$34.1M |
2013 Q2
52 quarters
|
|
69
Spotify
SPOT
$108B
| $1.23B | 0.37% |
2,674,677
+86,012
| +3% | +$41M |
2025 Q1
5 quarters
|
|
70
Toyota
TM
$229B
| $1.21B | 0.36% |
7,202,123
+134,907
| +2% | +$25.6M |
2020 Q1
25 quarters
|
|
71
PepsiCo
PEP
$179B
| $1.17B | 0.35% |
8,676,821
+166,484
| +2% | +$24.9M |
2013 Q2
52 quarters
|
|
72
Vanguard S&P 500 ETF
VOO
$1.03T
| $1.08B | 0.32% |
1,567,739
-4,895
| -0.3% | -$3.26M |
2013 Q4
50 quarters
|
|
73
Illinois Tool Works
ITW
$77.8B
| $1.04B | 0.31% |
3,829,798
+58,322
| +2% | +$15.1M |
2022 Q2
16 quarters
|
|
74
AB InBev
BUD
$162B
| $1.03B | 0.31% |
12,452,441
+536,751
| +5% | +$42.2M |
2013 Q2
52 quarters
|
|
75
Deutsche Bank
DB
$61B
| $1B | 0.3% |
29,700,418
+1,305,926
| +5% | +$42.3M |
2025 Q1
5 quarters
|
|
Similar funds
Fisher Asset Management's Q2 2026 Portfolio in Review
As of Q2 2026, Fisher Asset Management held 1,138 positions worth $336B, up 14% from $295B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Fisher Asset Management's Q2 2026 filing shows 122 new, 384 increased, 501 reduced and 101 closed positions. Its largest new stake was Honeywell Aerospace: 74,226 shares worth $16.4M. The largest sale was Canadian Natural Resources, an estimated $1.97B.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 23% a quarter earlier, followed by Financials and Industrials.
- Fisher Asset Management's largest Q2 2026 buy was Honeywell Aerospace: 74,226 shares worth $16.4M.
- Fisher Asset Management added most to GE Vernova in Q2 2026, an estimated $3.63B increase.
- Fisher Asset Management's biggest Q2 2026 reduction was Canadian Natural Resources, cutting an estimated $1.97B.
- Fisher Asset Management fully exited Arcosa in Q2 2026, selling an estimated $11.1M.
- Fisher Asset Management's ten largest holdings make up 36% of its $336B portfolio in Q2 2026.
- Fisher Asset Management opened 122 new positions and closed 101 in Q2 2026.
- Fisher Asset Management's portfolio value rose 14% quarter-over-quarter to $336B.
Based on Fisher Asset Management's 13F filing for Q2 2026, filed 4 Aug 2026.