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 |
Procter & Gamble
PG
|
+$784M |
| 2 |
PepsiCo
PEP
|
+$635M |
| 3 |
UnitedHealth
UNH
|
+$599M |
| 4 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$376M |
| 5 |
JPMorgan Chase
JPM
|
+$359M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$510M |
| 2 |
HES
Hess
HES
|
+$465M |
| 3 |
Uber
UBER
|
+$413M |
| 4 |
SLB Ltd
SLB
|
+$404M |
| 5 |
PayPal
PYPL
|
+$354M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.64% |
| 2 | Financials | 10.93% |
| 3 | Healthcare | 9.92% |
| 4 | Consumer Discretionary | 9.41% |
| 5 | Industrials | 7.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
Paychex
PAYX
$42.7B
| $401K | ﹤0.01% |
3,476
+449
| +15% | +$54.1K |
|
802
iShares US Treasury Bond ETF
GOVT
$43.5B
| $399K | ﹤0.01% |
18,095
-16,115
| -47% | -$363K |
|
803
American Electric Power
AEP
$68.2B
| $399K | ﹤0.01% |
5,298
+649
| +14% | +$52.8K |
|
|
SCHR
804
Schwab Intermediately-Term US Treasury ETF
SCHR
$13.3B
| $396K | ﹤0.01% |
16,506
+5,524
| +50% | +$134K |
|
805
Palo Alto Networks
PANW
$293B
| $395K | ﹤0.01% |
3,370
+104
| +3% | +$12.3K |
|
806
Fidelity MSCI Consumer Staples Index ETF
FSTA
$1.42B
| $393K | ﹤0.01% |
9,219
+2,290
| +33% | +$103K |
|
807
Travere Therapeutics
TVTX
$5.89B
| $386K | ﹤0.01% |
43,182
| – | – |
|
808
Repay Holdings
RPAY
$330M
| $385K | ﹤0.01% |
50,762
| – | – |
|
809
Linde
LIN
$226B
| $384K | ﹤0.01% |
1,030
+95
| +10% | +$36.2K |
|
810
Cigna
CI
$72.7B
| $382K | ﹤0.01% |
1,336
+510
| +62% | +$145K |
|
|
CTRA
811
DELISTED
Coterra Energy
CTRA
| $382K | ﹤0.01% |
14,126
+144
| +1% | +$3.92K |
|
|
FIHD
812
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $380K | ﹤0.01% |
1,693
| – | – |
|
813
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $376K | ﹤0.01% |
8,598
-5,612
| -39% | -$253K |
|
814
Travelers Companies
TRV
$80.5B
| $374K | ﹤0.01% |
2,291
+109
| +5% | +$18.2K |
|
815
Fidelity MSCI Financials Index ETF
FNCL
$2.41B
| $373K | ﹤0.01% |
8,019
+2,250
| +39% | +$109K |
|
816
UBS Group
UBS
$173B
| $371K | ﹤0.01% |
15,063
+75
| +0.5% | +$1.75K |
|
|
MRSH
817
Marsh
MRSH
$92.2B
| $367K | ﹤0.01% |
1,929
-1,352
| -41% | -$259K |
|
818
Vanguard Extended Market ETF
VXF
$31.2B
| $362K | ﹤0.01% |
+2,525
| New | +$379K |
|
819
Aflac
AFL
$64.5B
| $361K | ﹤0.01% |
4,701
-1,100
| -19% | -$81.7K |
|
820
W.P. Carey
WPC
$16.4B
| $357K | ﹤0.01% |
6,741
-1,125
| -14% | -$72.1K |
|
821
Schwab Fundamental US Large Company Index ETF
FNDX
$27.2B
| $356K | ﹤0.01% |
19,056
+780
| +4% | +$15.1K |
|
822
Antero Resources
AR
$10.7B
| $355K | ﹤0.01% |
+14,000
| New | +$361K |
|
823
Vanguard FTSE All-World ex-US ETF
VEU
$67.8B
| $353K | ﹤0.01% |
+6,806
| New | +$368K |
|
824
Vanguard Morningstar Mega Cap Growth ETF
MGK
$33.9B
| $350K | ﹤0.01% |
7,715
+1,175
| +18% | +$55.4K |
|
825
Sysco
SYY
$40.4B
| $350K | ﹤0.01% |
5,300
+2,241
| +73% | +$161K |
|
Similar funds
Fisher Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fisher Asset Management held 1,293 positions worth $176B, down 2.5% from $181B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Fisher Asset Management's Q3 2023 filing shows 130 new, 437 increased, 474 reduced and 125 closed positions. Its largest new stake was Murphy Oil: 991,976 shares worth $45M. The largest sale was ExxonMobil, an estimated $510M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Financials and Healthcare.
- Fisher Asset Management's largest Q3 2023 buy was Murphy Oil: 991,976 shares worth $45M.
- Fisher Asset Management added most to Procter & Gamble in Q3 2023, an estimated $784M increase.
- Fisher Asset Management's biggest Q3 2023 reduction was ExxonMobil, cutting an estimated $510M.
- Fisher Asset Management fully exited PDC Energy, Inc. in Q3 2023, selling an estimated $78.7M.
- Fisher Asset Management's ten largest holdings make up 27% of its $176B portfolio in Q3 2023.
- Fisher Asset Management opened 130 new positions and closed 125 in Q3 2023.
- Fisher Asset Management's portfolio value fell 2.5% quarter-over-quarter to $176B.
Based on Fisher Asset Management's 13F filing for Q3 2023, filed 13 Nov 2023.