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 | |
|---|---|---|---|---|---|---|
826
National Grid
NGG
$80.8B
| $349K | ﹤0.01% |
6,108
+15
| +0.2% | +$907 |
|
827
Corteva
CTVA
$51.3B
| $345K | ﹤0.01% |
6,745
+60
| +0.9% | +$3.18K |
|
|
SNV
828
DELISTED
Synovus
SNV
| $345K | ﹤0.01% |
12,406
| – | – |
|
829
Airbnb
ABNB
$90B
| $342K | ﹤0.01% |
2,489
-139
| -5% | -$19.2K |
|
830
iShares Global Consumer Discretionary ETF
RXI
$274M
| $341K | ﹤0.01% |
2,327
| – | – |
|
831
Ares Capital
ARCC
$14.1B
| $340K | ﹤0.01% |
17,487
+6,485
| +59% | +$126K |
|
832
Exelon
EXC
$46.7B
| $339K | ﹤0.01% |
8,977
+2,850
| +47% | +$116K |
|
833
McKesson
MCK
$102B
| $338K | ﹤0.01% |
778
+102
| +15% | +$43K |
|
834
Live Nation Entertainment
LYV
$42.3B
| $338K | ﹤0.01% |
4,068
| – | – |
|
835
Fabrinet
FN
$19.5B
| $336K | ﹤0.01% |
2,014
-5
| -0.2% | -$693 |
|
836
Invesco S&P 500 Equal Weight Technology ETF
RSPT
$5.77B
| $334K | ﹤0.01% |
11,879
-1,831
| -13% | -$53.5K |
|
837
DuPont de Nemours
DD
$19.5B
| $333K | ﹤0.01% |
3,558
+201
| +6% | +$18.9K |
|
|
VBTX
838
DELISTED
Veritex Holdings
VBTX
| $331K | ﹤0.01% |
18,459
+8,459
| +85% | +$163K |
|
839
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.47B
| $328K | ﹤0.01% |
9,682
+664
| +7% | +$22.8K |
|
840
Hilton Worldwide
HLT
$72.5B
| $327K | ﹤0.01% |
2,176
-78,953
| -97% | -$11.9M |
|
841
Genuine Parts
GPC
$18.3B
| $325K | ﹤0.01% |
2,252
-126
| -5% | -$19.6K |
|
842
Elevance Health
ELV
$84.9B
| $324K | ﹤0.01% |
744
+152
| +26% | +$68.9K |
|
843
Brookfield
BN
$108B
| $324K | ﹤0.01% |
15,525
+1,429
| +10% | +$32.2K |
|
|
FIEE
844
DELISTED
FI Enhanced Europe 50 ETN
FIEE
| $319K | ﹤0.01% |
1,585
| – | – |
|
845
iShares MSCI USA Min Vol Factor ETF
USMV
$24.1B
| $319K | ﹤0.01% |
4,403
+757
| +21% | +$56.4K |
|
846
Weyerhaeuser
WY
$18.3B
| $318K | ﹤0.01% |
10,370
-15,418
| -60% | -$507K |
|
847
Corning
GLW
$135B
| $316K | ﹤0.01% |
10,371
-278
| -3% | -$9.09K |
|
848
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.46B
| $314K | ﹤0.01% |
+4,808
| New | +$323K |
|
849
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.3B
| $313K | ﹤0.01% |
+935
| New | +$324K |
|
850
iShares MSCI South Korea ETF
EWY
$23.8B
| $313K | ﹤0.01% |
5,305
+1,544
| +41% | +$98K |
|
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.