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 |
PepsiCo
PEP
|
+$821M |
| 2 |
UnitedHealth
UNH
|
+$757M |
| 3 |
Procter & Gamble
PG
|
+$646M |
| 4 |
ExxonMobil
XOM
|
+$580M |
| 5 |
Broadcom
AVGO
|
+$544M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XYZ
Block Inc
XYZ
|
+$700M |
| 2 |
SLB Ltd
SLB
|
+$562M |
| 3 |
PayPal
PYPL
|
+$554M |
| 4 |
Target
TGT
|
+$476M |
| 5 |
Uber
UBER
|
+$428M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.95% |
| 2 | Financials | 10.94% |
| 3 | Healthcare | 9.68% |
| 4 | Consumer Discretionary | 9.44% |
| 5 | Industrials | 7.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
Kinder Morgan
KMI
$69.3B
| $342K | ﹤0.01% |
19,838
+7,589
| +62% | +$129K |
|
852
FedEx
FDX
$73.5B
| $339K | ﹤0.01% |
1,366
+33
| +2% | +$7.55K |
|
853
Paychex
PAYX
$42.1B
| $339K | ﹤0.01% |
3,027
+675
| +29% | +$73.8K |
|
854
Airbnb
ABNB
$90.5B
| $337K | ﹤0.01% |
+2,628
| New | +$307K |
|
855
Eagle Materials
EXP
$6.7B
| $334K | ﹤0.01% |
+1,791
| New | +$285K |
|
856
Enterprise Products Partners
EPD
$81.6B
| $330K | ﹤0.01% |
12,536
+3,554
| +40% | +$92.9K |
|
857
Constellation Energy
CEG
$94.7B
| $330K | ﹤0.01% |
3,606
+357
| +11% | +$29.6K |
|
|
ATVI
858
DELISTED
Activision Blizzard
ATVI
| $327K | ﹤0.01% |
3,875
+546
| +16% | +$44.2K |
|
859
Motorola Solutions
MSI
$72.7B
| $324K | ﹤0.01% |
+1,106
| New | +$317K |
|
860
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.58B
| $320K | ﹤0.01% |
3,375
-75
| -2% | -$7.14K |
|
861
Dominion Energy
D
$60B
| $319K | ﹤0.01% |
6,168
+2,261
| +58% | +$123K |
|
|
FIEE
862
DELISTED
FI Enhanced Europe 50 ETN
FIEE
| $319K | ﹤0.01% |
1,585
-264
| -14% | -$55.1K |
|
863
Phillips Edison & Co
PECO
$5.34B
| $318K | ﹤0.01% |
9,337
+2,176
| +30% | +$67.9K |
|
864
Invesco S&P 500 Equal Weight ETF
RSP
$99.3B
| $317K | ﹤0.01% |
+2,117
| New | +$305K |
|
865
Delta Air Lines
DAL
$61.3B
| $317K | ﹤0.01% |
+6,661
| New | +$246K |
|
866
Brookfield
BN
$109B
| $316K | ﹤0.01% |
14,095
+345
| +3% | +$7.31K |
|
867
Fidelity MSCI Consumer Staples Index ETF
FSTA
$1.42B
| $315K | ﹤0.01% |
+6,929
| New | +$316K |
|
868
Cencora
COR
$61.7B
| $311K | ﹤0.01% |
+1,618
| New | +$280K |
|
869
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.47B
| $311K | ﹤0.01% |
9,018
-943
| -9% | -$32.3K |
|
|
NSA
870
DELISTED
National Storage Affiliates Trust
NSA
| $309K | ﹤0.01% |
8,878
| – | – |
|
871
Vanguard Morningstar Mega Cap Growth ETF
MGK
$33.9B
| $308K | ﹤0.01% |
6,540
-2,235
| -25% | -$96.3K |
|
872
Vanguard Morningstar Mega Cap ETF
MGC
$10.3B
| $308K | ﹤0.01% |
1,967
-281
| -13% | -$41.5K |
|
873
Southwest Airlines
LUV
$23.9B
| $304K | ﹤0.01% |
8,394
-3,627
| -30% | -$114K |
|
874
UBS Group
UBS
$176B
| $304K | ﹤0.01% |
14,988
+466
| +3% | +$9.37K |
|
875
DuPont de Nemours
DD
$19.9B
| $301K | ﹤0.01% |
3,357
+528
| +19% | +$45.4K |
|
Similar funds
Fisher Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, Fisher Asset Management held 1,244 positions worth $181B, up 9.9% from $165B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Fisher Asset Management's Q2 2023 filing shows 109 new, 547 increased, 343 reduced and 81 closed positions. Its largest new stake was CNB Financial Corp: 67,868 shares worth $1.2M. The largest sale was Block Inc, an estimated $700M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 27% a quarter earlier, followed by Financials and Healthcare.
- Fisher Asset Management's largest Q2 2023 buy was CNB Financial Corp: 67,868 shares worth $1.2M.
- Fisher Asset Management added most to PepsiCo in Q2 2023, an estimated $821M increase.
- Fisher Asset Management's biggest Q2 2023 reduction was Block Inc, cutting an estimated $700M.
- Fisher Asset Management fully exited Mechanics Bancorp in Q2 2023, selling an estimated $1.17M.
- Fisher Asset Management's ten largest holdings make up 28% of its $181B portfolio in Q2 2023.
- Fisher Asset Management opened 109 new positions and closed 81 in Q2 2023.
- Fisher Asset Management's portfolio value rose 9.9% quarter-over-quarter to $181B.
Based on Fisher Asset Management's 13F filing for Q2 2023, filed 8 Aug 2023.