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 |
Canadian Natural Resources
CNQ
|
+$1.58B |
| 2 |
iShares MBS ETF
MBB
|
+$1.49B |
| 3 |
RTX Corp
RTX
|
+$839M |
| 4 |
Microsoft
MSFT
|
+$566M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$555M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
|
+$1.27B |
| 2 |
Advanced Micro Devices
AMD
|
+$920M |
| 3 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$682M |
| 4 |
VanEck Semiconductor ETF
SMH
|
+$567M |
| 5 |
Vanguard Information Technology ETF
VGT
|
+$291M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.6% |
| 2 | Financials | 11.61% |
| 3 | Healthcare | 9.91% |
| 4 | Consumer Discretionary | 9.26% |
| 5 | Industrials | 7.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
876
Arrowhead Research
ARWR
$12.6B
| $305K | ﹤0.01% |
+11,744
| New | +$289K |
|
877
JPMorgan Ultra-Short Income ETF
JPST
$40.3B
| $305K | ﹤0.01% |
+6,038
| New | +$304K |
|
878
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.6B
| $304K | ﹤0.01% |
+2,589
| New | +$304K |
|
|
BNY
879
Bank of New York Mellon
BNY
$107B
| $304K | ﹤0.01% |
5,077
+588
| +13% | +$34K |
|
|
DFUS
880
Dimensional US Equity ETF
DFUS
$21.6B
| $300K | ﹤0.01% |
5,103
+1,262
| +33% | +$71.7K |
|
881
Vanguard Short-Term Bond ETF
BSV
$44.6B
| $300K | ﹤0.01% |
3,914
-1,088
| -22% | -$83K |
|
882
L3Harris
LHX
$53.3B
| $300K | ﹤0.01% |
1,335
+342
| +34% | +$73.9K |
|
883
Travelers Companies
TRV
$78.8B
| $298K | ﹤0.01% |
1,466
-712
| -33% | -$153K |
|
884
Truist Financial
TFC
$64.6B
| $297K | ﹤0.01% |
7,650
+1,602
| +26% | +$60.5K |
|
885
NVR
NVR
$16.8B
| $297K | ﹤0.01% |
39
+9
| +30% | +$68.8K |
|
886
Genuine Parts
GPC
$18.1B
| $297K | ﹤0.01% |
2,144
+254
| +13% | +$37.9K |
|
887
T-Mobile US
TMUS
$189B
| $296K | ﹤0.01% |
1,682
+115
| +7% | +$19.3K |
|
888
iShares MSCI South Korea ETF
EWY
$25B
| $295K | ﹤0.01% |
4,459
-280
| -6% | -$18K |
|
889
AutoZone
AZO
$49.4B
| $293K | ﹤0.01% |
98
+10
| +11% | +$29.3K |
|
890
Fidelity MSCI Financials Index ETF
FNCL
$2.42B
| $291K | ﹤0.01% |
5,025
+540
| +12% | +$31.3K |
|
891
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.5B
| $283K | ﹤0.01% |
+4,598
| New | +$288K |
|
892
Microchip Technology
MCHP
$43.7B
| $282K | ﹤0.01% |
+3,083
| New | +$282K |
|
893
Ecolab
ECL
$79.2B
| $281K | ﹤0.01% |
1,182
-53
| -4% | -$12.2K |
|
894
iShares MSCI Germany ETF
EWG
$1.62B
| $279K | ﹤0.01% |
9,117
-69,499
| -88% | -$2.17M |
|
895
W.P. Carey
WPC
$16.5B
| $275K | ﹤0.01% |
4,990
-1,984
| -28% | -$112K |
|
896
Vanguard Morningstar Mid-Cap Value ETF
VOE
$24B
| $273K | ﹤0.01% |
+1,817
| New | +$276K |
|
897
Cheniere Energy
LNG
$54.1B
| $270K | ﹤0.01% |
1,543
+270
| +21% | +$43K |
|
898
Schwab Emerging Markets Equity ETF
SCHE
$12.8B
| $270K | ﹤0.01% |
10,161
+222
| +2% | +$5.79K |
|
899
Huntington Ingalls Industries
HII
$12.8B
| $267K | ﹤0.01% |
+1,082
| New | +$281K |
|
900
Eastman Chemical
EMN
$8.41B
| $262K | ﹤0.01% |
2,672
+482
| +22% | +$47.8K |
|
Similar funds
Fisher Asset Management's Q2 2024 Portfolio in Review
As of Q2 2024, Fisher Asset Management held 1,069 positions worth $230B, up 7.4% from $214B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Fisher Asset Management deployed $7.03B of net new capital in Q2 2024, opening 105 new positions and adding to 492 existing holdings. Its largest new stake was ZTO Express: 3,166,868 shares worth $65.7M.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street SPDR Portfolio Short Term Treasury ETF, an estimated $1.27B trimmed.
- Fisher Asset Management's largest Q2 2024 buy was ZTO Express: 3,166,868 shares worth $65.7M.
- Fisher Asset Management added most to Canadian Natural Resources in Q2 2024, an estimated $1.58B increase.
- Fisher Asset Management's biggest Q2 2024 reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $1.27B.
- Fisher Asset Management fully exited Thor Industries in Q2 2024, selling an estimated $24.5M.
- Fisher Asset Management's ten largest holdings make up 34% of its $230B portfolio in Q2 2024.
- Fisher Asset Management opened 105 new positions and closed 83 in Q2 2024.
- Fisher Asset Management's portfolio value rose 7.4% quarter-over-quarter to $230B.
Based on Fisher Asset Management's 13F filing for Q2 2024, filed 14 Aug 2024.