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 |
Procter & Gamble
PG
|
+$784M |
| 2 |
PepsiCo
PEP
|
+$635M |
| 3 |
UnitedHealth
UNH
|
+$599M |
| 4 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$376M |
| 5 |
JPMorgan Chase
JPM
|
+$359M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$510M |
| 2 |
HES
Hess
HES
|
+$465M |
| 3 |
Uber
UBER
|
+$413M |
| 4 |
SLB Ltd
SLB
|
+$404M |
| 5 |
PayPal
PYPL
|
+$354M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.64% |
| 2 | Financials | 10.93% |
| 3 | Healthcare | 9.92% |
| 4 | Consumer Discretionary | 9.41% |
| 5 | Industrials | 7.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
iShares MSCI Japan ETF
EWJ
$22.5B
| $61.8M | 0.04% |
1,025,247
-1,671
| -0.2% | -$103K |
|
202
Old National Bancorp
ONB
$10.3B
| $60.9M | 0.03% |
4,187,130
+928,643
| +28% | +$14.4M |
|
203
SouthState Bank Corp
SSB
$10.6B
| $60.7M | 0.03% |
901,226
+148,928
| +20% | +$10.7M |
|
204
iShares US Transportation ETF
IYT
$2.28B
| $59.7M | 0.03% |
1,021,956
-778,744
| -43% | -$48.7M |
|
205
Qorvo
QRVO
$8.4B
| $59.6M | 0.03% |
624,070
-2,997
| -0.5% | -$306K |
|
206
Abercrombie & Fitch
ANF
$4.86B
| $59.3M | 0.03% |
1,052,143
+29,447
| +3% | +$1.31M |
|
|
JHG
207
DELISTED
Janus Henderson
JHG
| $58.7M | 0.03% |
2,271,659
-60,153
| -3% | -$1.64M |
|
208
Delek US
DK
$3.66B
| $57.4M | 0.03% |
2,020,761
+714,010
| +55% | +$19.3M |
|
209
Helen of Troy
HELE
$689M
| $57.4M | 0.03% |
492,063
-16,679
| -3% | -$2.08M |
|
210
Paycom
PAYC
$8.15B
| $55.3M | 0.03% |
213,357
-4
| -0% | -$1.22K |
|
211
Azenta
AZTA
$1.47B
| $54.4M | 0.03% |
1,083,581
-28,288
| -3% | -$1.42M |
|
212
Yelp
YELP
$1.46B
| $53M | 0.03% |
1,274,662
+12,401
| +1% | +$522K |
|
213
East-West Bancorp
EWBC
$18.3B
| $52.6M | 0.03% |
997,942
-16,327
| -2% | -$918K |
|
214
Invesco
IVZ
$14.1B
| $51.2M | 0.03% |
3,529,315
+306,199
| +10% | +$4.93M |
|
215
Goodyear
GT
$1.99B
| $51.2M | 0.03% |
4,117,244
-143,574
| -3% | -$1.95M |
|
216
United Microelectronic
UMC
$48.4B
| $50M | 0.03% |
7,086,897
-113,475
| -2% | -$822K |
|
217
Evercore
EVR
$12.3B
| $49.8M | 0.03% |
361,266
-21,203
| -6% | -$2.88M |
|
218
iShares Global Consumer Staples ETF
KXI
$1.07B
| $49.5M | 0.03% |
868,073
+835,555
| +2,570% | +$50.4M |
|
|
MRO
219
DELISTED
Marathon Oil Corporation
MRO
| $49.5M | 0.03% |
1,848,733
-2,777,989
| -60% | -$71.8M |
|
220
Ovintiv
OVV
$16B
| $48.8M | 0.03% |
1,024,833
+690,741
| +207% | +$31.3M |
|
221
Range Resources
RRC
$8.91B
| $48.3M | 0.03% |
1,491,565
+157,479
| +12% | +$4.93M |
|
222
Wintrust Financial
WTFC
$10.9B
| $48.3M | 0.03% |
640,086
-13,390
| -2% | -$1.05M |
|
223
Invesco KBW Bank ETF
KBWB
$6.95B
| $48.1M | 0.03% |
1,200,256
+1,085,719
| +948% | +$46.3M |
|
224
Boston Beer
SAM
$1.9B
| $48M | 0.03% |
123,165
-5,982
| -5% | -$2.1M |
|
225
Raymond James Financial
RJF
$34.7B
| $47.8M | 0.03% |
476,383
-2,064
| -0.4% | -$218K |
|
Similar funds
Fisher Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fisher Asset Management held 1,293 positions worth $176B, down 2.5% from $181B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Fisher Asset Management's Q3 2023 filing shows 130 new, 437 increased, 474 reduced and 125 closed positions. Its largest new stake was Murphy Oil: 991,976 shares worth $45M. The largest sale was ExxonMobil, an estimated $510M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Financials and Healthcare.
- Fisher Asset Management's largest Q3 2023 buy was Murphy Oil: 991,976 shares worth $45M.
- Fisher Asset Management added most to Procter & Gamble in Q3 2023, an estimated $784M increase.
- Fisher Asset Management's biggest Q3 2023 reduction was ExxonMobil, cutting an estimated $510M.
- Fisher Asset Management fully exited PDC Energy, Inc. in Q3 2023, selling an estimated $78.7M.
- Fisher Asset Management's ten largest holdings make up 27% of its $176B portfolio in Q3 2023.
- Fisher Asset Management opened 130 new positions and closed 125 in Q3 2023.
- Fisher Asset Management's portfolio value fell 2.5% quarter-over-quarter to $176B.
Based on Fisher Asset Management's 13F filing for Q3 2023, filed 13 Nov 2023.