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 | |
|---|---|---|---|---|---|---|
876
Williams Companies
WMB
$87.8B
| $320K | ﹤0.01% |
5,047
-45
| -0.9% | -$2.64K |
|
877
iShares Russell Mid-Cap Value ETF
IWS
$15.8B
| $320K | ﹤0.01% |
+2,289
| New | +$313K |
|
878
iShares MSCI USA Min Vol Factor ETF
USMV
$24.1B
| $319K | ﹤0.01% |
3,351
-477
| -12% | -$44.7K |
|
879
iShares Core S&P US Growth ETF
IUSG
$33.4B
| $318K | ﹤0.01% |
+1,933
| New | +$304K |
|
880
iShares Biotechnology ETF
IBB
$9.53B
| $318K | ﹤0.01% |
2,200
-67
| -3% | -$9.14K |
|
881
Prudential Financial
PRU
$41.9B
| $317K | ﹤0.01% |
3,051
-144
| -5% | -$15.2K |
|
882
Comfort Systems
FIX
$60.3B
| $316K | ﹤0.01% |
+383
| New | +$260K |
|
883
Cardinal Health
CAH
$55.7B
| $315K | ﹤0.01% |
+2,007
| New | +$310K |
|
884
Masco
MAS
$14.9B
| $314K | ﹤0.01% |
+4,464
| New | +$314K |
|
885
NXP Semiconductors
NXPI
$58.4B
| $311K | ﹤0.01% |
1,366
+73
| +6% | +$16.4K |
|
886
Franklin FTSE Japan ETF
FLJP
$4.02B
| $310K | ﹤0.01% |
+8,970
| New | +$299K |
|
887
Vulcan Materials
VMC
$36.5B
| $309K | ﹤0.01% |
1,004
-11
| -1% | -$3.12K |
|
888
Kinder Morgan
KMI
$69.7B
| $308K | ﹤0.01% |
10,863
+2,999
| +38% | +$82.1K |
|
889
BNY Mellon Core Bond ETF
BKAG
$2.22B
| $307K | ﹤0.01% |
+7,202
| New | +$304K |
|
890
Sutro Biopharma
STRO
$400M
| $307K | ﹤0.01% |
35,295
| – | – |
|
891
Delta Air Lines
DAL
$60.5B
| $305K | ﹤0.01% |
5,378
+250
| +5% | +$14.3K |
|
892
Live Nation Entertainment
LYV
$42.3B
| $301K | ﹤0.01% |
1,841
+174
| +10% | +$27.5K |
|
893
Global X NASDAQ-100 Covered Call ETF
QYLD
$8.24B
| $301K | ﹤0.01% |
+17,670
| New | +$297K |
|
|
PR
894
Permian Resources
PR
$17B
| $299K | ﹤0.01% |
23,337
-333
| -1% | -$4.57K |
|
895
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.3B
| $292K | ﹤0.01% |
629
-558
| -47% | -$251K |
|
896
Fidelity Enhanced Large Cap Core ETF
FELC
$8.24B
| $291K | ﹤0.01% |
+7,817
| New | +$279K |
|
897
Seagate
STX
$193B
| $290K | ﹤0.01% |
+1,227
| New | +$209K |
|
898
Sempra
SRE
$55.1B
| $289K | ﹤0.01% |
3,209
+475
| +17% | +$38.5K |
|
899
Arthur J. Gallagher & Co
AJG
$64.5B
| $289K | ﹤0.01% |
+931
| New | +$281K |
|
900
American International
AIG
$42.4B
| $288K | ﹤0.01% |
3,672
-207
| -5% | -$16.5K |
|
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.