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 | |
|---|---|---|---|---|---|---|
826
W.R. Berkley
WRB
$26.8B
| $385K | ﹤0.01% |
5,021
+1,353
| +37% | +$96.3K |
|
827
TransDigm Group
TDG
$69.8B
| $383K | ﹤0.01% |
290
+25
| +9% | +$35.7K |
|
828
Markel Group
MKL
$23.2B
| $382K | ﹤0.01% |
200
+15
| +8% | +$29.4K |
|
829
Generac Holdings
GNRC
$12.5B
| $381K | ﹤0.01% |
+2,275
| New | +$399K |
|
830
Alarm.com
ALRM
$2.78B
| $380K | ﹤0.01% |
7,155
-245,470
| -97% | -$13.7M |
|
831
Camden Property Trust
CPT
$11B
| $379K | ﹤0.01% |
3,550
+1
| +0% | +$110 |
|
832
Capital Group Dividend Value ETF
CGDV
$38.7B
| $378K | ﹤0.01% |
+9,002
| New | +$370K |
|
833
Broadridge
BR
$18.8B
| $378K | ﹤0.01% |
1,587
+307
| +24% | +$76.5K |
|
834
Energy Transfer Partners
ET
$71.2B
| $376K | ﹤0.01% |
21,910
+2,105
| +11% | +$36.9K |
|
835
Diageo
DEO
$51.6B
| $372K | ﹤0.01% |
3,895
+764
| +24% | +$80.2K |
|
836
iShares Core International Aggregate Bond Fund
IAGG
$11B
| $367K | ﹤0.01% |
+7,165
| New | +$366K |
|
837
Eversource Energy
ES
$27.1B
| $367K | ﹤0.01% |
5,155
-4,169
| -45% | -$273K |
|
|
FISV
838
Fiserv Inc
FISV
$28.9B
| $366K | ﹤0.01% |
2,835
+749
| +36% | +$107K |
|
839
Vanguard Health Care ETF
VHT
$18.4B
| $366K | ﹤0.01% |
1,408
+173
| +14% | +$43.4K |
|
840
iShares S&P Mid-Cap 400 Growth ETF
IJK
$11B
| $362K | ﹤0.01% |
+3,776
| New | +$356K |
|
841
Fidelity Enhanced Mid Cap Core ETF
FMDE
$7.9B
| $355K | ﹤0.01% |
+9,829
| New | +$348K |
|
842
Cigna
CI
$72.7B
| $355K | ﹤0.01% |
1,231
-1,510
| -55% | -$447K |
|
843
Darden Restaurants
DRI
$24.1B
| $355K | ﹤0.01% |
1,864
+703
| +61% | +$145K |
|
844
Enbridge
ENB
$113B
| $354K | ﹤0.01% |
7,011
-1,338
| -16% | -$63K |
|
845
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.4B
| $353K | ﹤0.01% |
+2,709
| New | +$341K |
|
846
Target
TGT
$66.8B
| $353K | ﹤0.01% |
3,930
-15,293
| -80% | -$1.51M |
|
847
Schwab Fundamental US Large Company Index ETF
FNDX
$27.2B
| $352K | ﹤0.01% |
13,371
+245
| +2% | +$6.22K |
|
848
Amdocs
DOX
$6.28B
| $349K | ﹤0.01% |
4,253
+95
| +2% | +$8.23K |
|
849
Schwab U.S Small- Cap ETF
SCHA
$22.8B
| $349K | ﹤0.01% |
12,499
+1,896
| +18% | +$50.7K |
|
850
Zoetis
ZTS
$32.4B
| $348K | ﹤0.01% |
2,376
-224
| -9% | -$33.9K |
|
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.