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 |
Royal Bank of Canada
RY
|
+$647M |
| 2 |
Sony
SONY
|
+$407M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$394M |
| 4 |
SAP
SAP
|
+$333M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$308M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$1.41B |
| 2 |
NVIDIA
NVDA
|
+$1.04B |
| 3 |
Salesforce
CRM
|
+$1.02B |
| 4 |
Eli Lilly
LLY
|
+$883M |
| 5 |
JPMorgan Chase
JPM
|
+$764M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.47% |
| 2 | Financials | 18.4% |
| 3 | Industrials | 9.35% |
| 4 | Healthcare | 9.18% |
| 5 | Communication Services | 6.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
901
Cencora
COR
$60B
| $277K | ﹤0.01% |
923
-298
| -24% | -$85.9K |
|
902
Aon
AON
$75.9B
| $276K | ﹤0.01% |
+772
| New | +$280K |
|
903
Rocket Lab Corp
RKLB
$46.5B
| $274K | ﹤0.01% |
+7,671
| New | +$188K |
|
904
W.R. Berkley
WRB
$26.8B
| $270K | ﹤0.01% |
3,668
-265
| -7% | -$19K |
|
905
JPMorgan Equity Premium Income ETF
JEPI
$45.7B
| $269K | ﹤0.01% |
4,735
-2,497
| -35% | -$138K |
|
906
Equinix
EQIX
$102B
| $269K | ﹤0.01% |
338
+20
| +6% | +$17K |
|
907
CME Group
CME
$95.7B
| $269K | ﹤0.01% |
976
+155
| +19% | +$42.2K |
|
908
Schwab U.S Small- Cap ETF
SCHA
$23.2B
| $268K | ﹤0.01% |
10,603
-3,993
| -27% | -$94.4K |
|
909
Vulcan Materials
VMC
$36.7B
| $265K | ﹤0.01% |
+1,015
| New | +$261K |
|
910
Teleflex
TFX
$6.18B
| $263K | ﹤0.01% |
2,222
+33
| +2% | +$4.16K |
|
911
Leidos
LDOS
$14.9B
| $262K | ﹤0.01% |
1,663
+31
| +2% | +$4.58K |
|
912
Genuine Parts
GPC
$17.7B
| $260K | ﹤0.01% |
2,145
+225
| +12% | +$27.1K |
|
913
Vanguard Morningstar Small-Cap Growth ETF
VBK
$24.1B
| $257K | ﹤0.01% |
+928
| New | +$239K |
|
914
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.5B
| $256K | ﹤0.01% |
+3,520
| New | +$238K |
|
915
Darden Restaurants
DRI
$23.6B
| $253K | ﹤0.01% |
+1,161
| New | +$241K |
|
916
Delta Air Lines
DAL
$60.2B
| $252K | ﹤0.01% |
5,128
+156
| +3% | +$7.16K |
|
917
Live Nation Entertainment
LYV
$42.3B
| $252K | ﹤0.01% |
+1,667
| New | +$229K |
|
918
Sutro Biopharma
STRO
$416M
| $252K | ﹤0.01% |
35,295
| – | – |
|
919
RPM International
RPM
$14.2B
| $246K | ﹤0.01% |
+2,240
| New | +$246K |
|
920
Realty Income
O
$59.2B
| $244K | ﹤0.01% |
4,240
-1,365
| -24% | -$77.2K |
|
921
Murphy USA
MUSA
$10.9B
| $244K | ﹤0.01% |
599
+43
| +8% | +$19.5K |
|
922
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.19B
| $244K | ﹤0.01% |
+23,495
| New | +$244K |
|
923
Pacer Trendpilot US Large Cap ETF
PTLC
$3.37B
| $243K | ﹤0.01% |
+4,788
| New | +$234K |
|
924
iShares MSCI South Korea ETF
EWY
$24.8B
| $243K | ﹤0.01% |
+3,383
| New | +$203K |
|
925
BlackRock US Equity Factor Rotation ETF
DYNF
$39.8B
| $242K | ﹤0.01% |
4,439
-297
| -6% | -$14.9K |
|
Similar funds
Fisher Asset Management's Q2 2025 Portfolio in Review
As of Q2 2025, Fisher Asset Management held 1,093 positions worth $252B, up 9% from $231B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fisher Asset Management's Q2 2025 filing shows 94 new, 337 increased, 522 reduced and 107 closed positions. Its largest new stake was Canadian National Railway: 1,823,800 shares worth $190M. The largest sale was Oracle, an estimated $1.41B.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Industrials.
- Fisher Asset Management's largest Q2 2025 buy was Canadian National Railway: 1,823,800 shares worth $190M.
- Fisher Asset Management added most to Royal Bank of Canada in Q2 2025, an estimated $647M increase.
- Fisher Asset Management's biggest Q2 2025 reduction was Oracle, cutting an estimated $1.41B.
- Fisher Asset Management fully exited Tenable Holdings in Q2 2025, selling an estimated $43.2M.
- Fisher Asset Management's ten largest holdings make up 31% of its $252B portfolio in Q2 2025.
- Fisher Asset Management opened 94 new positions and closed 107 in Q2 2025.
- Fisher Asset Management's portfolio value rose 9% quarter-over-quarter to $252B.
Based on Fisher Asset Management's 13F filing for Q2 2025, filed 13 Aug 2025.