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
|
+$4.56B |
| 2 |
Broadcom
AVGO
|
+$441M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$281M |
| 4 |
NVIDIA
NVDA
|
+$278M |
| 5 |
Microsoft
MSFT
|
+$230M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MBS ETF
MBB
|
+$2.05B |
| 2 |
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
|
+$1.6B |
| 3 |
Lennox International
LII
|
+$284M |
| 4 |
Itaú Unibanco
ITUB
|
+$247M |
| 5 |
Intuit
INTU
|
+$160M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.35% |
| 2 | Financials | 19.13% |
| 3 | Healthcare | 9.52% |
| 4 | Industrials | 9.41% |
| 5 | Communication Services | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
776
iShares International Select Dividend ETF
IDV
$8.51B
| $522K | ﹤0.01% |
+13,235
| New | +$502K |
|
777
Occidental Petroleum
OXY
$55.9B
| $519K | ﹤0.01% |
12,629
-1,152
| -8% | -$48.1K |
|
778
Semtech
SMTC
$13B
| $516K | ﹤0.01% |
7,001
-17,068
| -71% | -$1.21M |
|
779
iShares US Technology ETF
IYW
$25.2B
| $510K | ﹤0.01% |
2,555
+13
| +0.5% | +$2.6K |
|
780
WisdomTree Emerging Markets High Dividend Fund
DEM
$3.98B
| $503K | ﹤0.01% |
+10,761
| New | +$498K |
|
|
EIPI
781
FT Energy Income Partners Enhanced Income ETF
EIPI
$1.08B
| $498K | ﹤0.01% |
+25,041
| New | +$497K |
|
782
Schwab US Large- Cap ETF
SCHX
$74.5B
| $497K | ﹤0.01% |
18,474
-23,572
| -56% | -$630K |
|
783
Simon Property Group
SPG
$72.3B
| $496K | ﹤0.01% |
2,680
+459
| +21% | +$83.4K |
|
784
Hartford Financial Services
HIG
$39.3B
| $485K | ﹤0.01% |
+3,519
| New | +$464K |
|
785
Royal Caribbean
RCL
$85.6B
| $480K | ﹤0.01% |
1,720
-1,721
| -50% | -$486K |
|
786
Cardinal Health
CAH
$55.4B
| $477K | ﹤0.01% |
2,319
+312
| +16% | +$58.7K |
|
787
Capital Group Dividend Value ETF
CGDV
$38.9B
| $476K | ﹤0.01% |
10,910
+1,908
| +21% | +$81.9K |
|
788
Alcon
ALC
$35B
| $474K | ﹤0.01% |
6,014
+132
| +2% | +$10.2K |
|
789
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.62B
| $467K | ﹤0.01% |
+10,897
| New | +$468K |
|
790
iShares Biotechnology ETF
IBB
$9.77B
| $466K | ﹤0.01% |
2,763
+563
| +26% | +$91.4K |
|
791
CME Group
CME
$94.8B
| $462K | ﹤0.01% |
1,690
+468
| +38% | +$127K |
|
792
iShares TIPS Bond ETF
TIP
$14.5B
| $461K | ﹤0.01% |
4,193
-3,002
| -42% | -$333K |
|
793
State Street SPDR S&P Dividend ETF
SDY
$23.9B
| $456K | ﹤0.01% |
+3,273
| New | +$455K |
|
|
SPYM
794
State Street SPDR Portfolio S&P 500 ETF
SPYM
$168B
| $456K | ﹤0.01% |
5,678
-2,416
| -30% | -$192K |
|
795
T-Mobile US
TMUS
$190B
| $453K | ﹤0.01% |
2,230
+779
| +54% | +$165K |
|
796
Elevance Health
ELV
$85.5B
| $452K | ﹤0.01% |
1,290
-82
| -6% | -$27.7K |
|
797
Teekay
TK
$985M
| $452K | ﹤0.01% |
50,000
-2,500
| -5% | -$23K |
|
798
Labcorp
LH
$25.9B
| $440K | ﹤0.01% |
1,754
+24
| +1% | +$6.37K |
|
799
iShares Core S&P US Value ETF
IUSV
$27.7B
| $437K | ﹤0.01% |
4,261
+1,881
| +79% | +$191K |
|
800
MetLife
MET
$62.1B
| $432K | ﹤0.01% |
5,472
-1,429
| -21% | -$113K |
|
Similar funds
Fisher Asset Management's Q4 2025 Portfolio in Review
As of Q4 2025, Fisher Asset Management held 1,126 positions worth $293B, up 6% from $276B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Fisher Asset Management's Q4 2025 filing shows 112 new, 480 increased, 403 reduced and 109 closed positions. Its largest new stake was Belden: 369,776 shares worth $43.1M. The largest sale was iShares MBS ETF, an estimated $2.05B.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Financials and Healthcare.
- Fisher Asset Management's largest Q4 2025 buy was Belden: 369,776 shares worth $43.1M.
- Fisher Asset Management added most to iShares 7-10 Year Treasury Bond ETF in Q4 2025, an estimated $4.56B increase.
- Fisher Asset Management's biggest Q4 2025 reduction was iShares MBS ETF, cutting an estimated $2.05B.
- Fisher Asset Management fully exited Infosys in Q4 2025, selling an estimated $146M.
- Fisher Asset Management's ten largest holdings make up 34% of its $293B portfolio in Q4 2025.
- Fisher Asset Management opened 112 new positions and closed 109 in Q4 2025.
- Fisher Asset Management's portfolio value rose 6% quarter-over-quarter to $293B.
Based on Fisher Asset Management's 13F filing for Q4 2025, filed 9 Feb 2026.