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 7-10 Year Treasury Bond ETF
IEF
|
+$2.87B |
| 2 |
NVIDIA
NVDA
|
+$358M |
| 3 |
Suncor Energy
SU
|
+$287M |
| 4 |
Microsoft
MSFT
|
+$278M |
| 5 |
Apple
AAPL
|
+$200M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$1.8B |
| 2 |
Canadian Natural Resources
CNQ
|
+$205M |
| 3 |
Intuit
INTU
|
+$177M |
| 4 |
Adobe
ADBE
|
+$120M |
| 5 |
GTLS
Chart Industries
GTLS
|
+$95.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.4% |
| 2 | Financials | 18.68% |
| 3 | Industrials | 9.33% |
| 4 | Healthcare | 8.68% |
| 5 | Communication Services | 6.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
776
Howmet Aerospace
HWM
$116B
| $516K | ﹤0.01% |
2,628
-5,189
| -66% | -$946K |
|
777
iShares Russell Mid-Cap Growth ETF
IWP
$20.2B
| $516K | ﹤0.01% |
+3,621
| New | +$512K |
|
778
Invesco FTSE RAFI US 1000 ETF
PRF
$9.95B
| $508K | ﹤0.01% |
+11,237
| New | +$491K |
|
779
iShares US Technology ETF
IYW
$24.8B
| $498K | ﹤0.01% |
2,542
-102
| -4% | -$18.7K |
|
780
Labcorp
LH
$25.7B
| $497K | ﹤0.01% |
1,730
+70
| +4% | +$18.8K |
|
781
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $496K | ﹤0.01% |
6,355
+3,344
| +111% | +$259K |
|
782
Corteva
CTVA
$51.3B
| $495K | ﹤0.01% |
7,320
-546
| -7% | -$39.6K |
|
783
HCA Healthcare
HCA
$88.5B
| $484K | ﹤0.01% |
1,135
+229
| +25% | +$88.8K |
|
784
Sherwin-Williams
SHW
$88.2B
| $478K | ﹤0.01% |
1,380
+61
| +5% | +$21.5K |
|
785
iShares Russell 2000 Value ETF
IWN
$14.5B
| $477K | ﹤0.01% |
2,699
+481
| +22% | +$81.2K |
|
786
W.P. Carey
WPC
$16.4B
| $476K | ﹤0.01% |
7,044
+3,448
| +96% | +$226K |
|
|
HOLX
787
DELISTED
Hologic
HOLX
| $474K | ﹤0.01% |
7,029
+271
| +4% | +$18K |
|
788
iShares Core Universal USD Bond ETF
IUSB
$43B
| $471K | ﹤0.01% |
10,076
+4,987
| +98% | +$231K |
|
789
AutoZone
AZO
$50.1B
| $470K | ﹤0.01% |
109
+46
| +73% | +$185K |
|
790
Iron Mountain
IRM
$36.3B
| $469K | ﹤0.01% |
4,597
-468
| -9% | -$45.1K |
|
791
TE Connectivity
TEL
$62.3B
| $469K | ﹤0.01% |
2,134
-62
| -3% | -$12.4K |
|
792
Kinross Gold
KGC
$30.4B
| $466K | ﹤0.01% |
+18,766
| New | +$361K |
|
793
Intercontinental Exchange
ICE
$84.1B
| $453K | ﹤0.01% |
2,690
+952
| +55% | +$170K |
|
794
Campbell Soup
CPB
$6.73B
| $452K | ﹤0.01% |
14,314
-9,118
| -39% | -$295K |
|
795
Elevance Health
ELV
$84.9B
| $444K | ﹤0.01% |
+1,372
| New | +$427K |
|
796
Air Products & Chemicals
APD
$66.8B
| $442K | ﹤0.01% |
1,619
+78
| +5% | +$22.6K |
|
797
State Street
STT
$50.8B
| $441K | ﹤0.01% |
+3,799
| New | +$424K |
|
798
FedEx
FDX
$74.7B
| $439K | ﹤0.01% |
1,863
+502
| +37% | +$116K |
|
799
iShares Russell 2000 Growth ETF
IWO
$14.8B
| $439K | ﹤0.01% |
+1,371
| New | +$414K |
|
800
First Trust Rising Dividend Achievers ETF
RDVY
$25.5B
| $438K | ﹤0.01% |
+6,517
| New | +$423K |
|
Similar funds
Fisher Asset Management's Q3 2025 Portfolio in Review
As of Q3 2025, Fisher Asset Management held 1,094 positions worth $276B, up 9.7% from $252B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Fisher Asset Management's Q3 2025 filing shows 108 new, 450 increased, 424 reduced and 80 closed positions. Its largest new stake was Sanmina: 166,861 shares worth $19.2M. The largest sale was Vanguard Intermediate-Term Corporate Bond ETF, an estimated $1.8B.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Financials and Industrials.
- Fisher Asset Management's largest Q3 2025 buy was Sanmina: 166,861 shares worth $19.2M.
- Fisher Asset Management added most to iShares 7-10 Year Treasury Bond ETF in Q3 2025, an estimated $2.87B increase.
- Fisher Asset Management's biggest Q3 2025 reduction was Vanguard Intermediate-Term Corporate Bond ETF, cutting an estimated $1.8B.
- Fisher Asset Management fully exited WEX in Q3 2025, selling an estimated $14.2M.
- Fisher Asset Management's ten largest holdings make up 32% of its $276B portfolio in Q3 2025.
- Fisher Asset Management opened 108 new positions and closed 80 in Q3 2025.
- Fisher Asset Management's portfolio value rose 9.7% quarter-over-quarter to $276B.
Based on Fisher Asset Management's 13F filing for Q3 2025, filed 12 Nov 2025.