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 |
FLGE
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
|
+$499M |
| 2 |
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
|
+$479M |
| 3 |
Merck
MRK
|
+$328M |
| 4 |
BAYER AG SPONS ADR
BAY
|
+$287M |
| 5 |
Lloyds Banking Group
LYG
|
+$275M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FBG
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
|
+$958M |
| 2 |
IBM
IBM
|
+$565M |
| 3 |
McDonald's
MCD
|
+$502M |
| 4 |
CSE
CAPITALSOURCE INC
CSE
|
+$95.8M |
| 5 |
PROTECTIVE LIFE CORP
PL
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 24.24% |
| 2 | Financials | 20.17% |
| 3 | Healthcare | 14.04% |
| 4 | Technology | 12.13% |
| 5 | Industrials | 7.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
FIGY
1
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.56B | 3.29% |
11,903,731
+81,302
| +0.7% | +$10.2M |
2013 Q2
4 quarters
|
|
2
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.1B
| $1.24B | 2.6% |
10,356,623
+679,822
| +7% | +$80.4M |
2013 Q2
4 quarters
|
|
|
FEEU
3
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $1.1B | 2.31% |
8,297,936
-54,210
| -0.6% | -$7.05M |
2013 Q2
4 quarters
|
|
4
Johnson & Johnson
JNJ
$632B
| $1.09B | 2.3% |
10,448,448
+470,624
| +5% | +$47.6M |
2013 Q2
4 quarters
|
|
5
American Express
AXP
$211B
| $1.08B | 2.27% |
11,381,952
+419,884
| +4% | +$37.8M |
2013 Q2
4 quarters
|
|
6
Apple
AAPL
$4.98T
| $998M | 2.1% |
42,976,636
+2,377,504
| +6% | +$50.6M |
2013 Q2
4 quarters
|
|
7
Wells Fargo
WFC
$253B
| $975M | 2.05% |
18,549,738
+854,986
| +5% | +$43M |
2013 Q2
4 quarters
|
|
8
RTX Corp
RTX
$252B
| $955M | 2.01% |
13,150,375
+358,976
| +3% | +$26.4M |
2013 Q2
4 quarters
|
|
9
Pfizer
PFE
$162B
| $934M | 1.96% |
33,182,543
+1,306,909
| +4% | +$37.3M |
2013 Q2
4 quarters
|
|
10
GE Aerospace
GE
$323B
| $808M | 1.7% |
6,413,046
+272,121
| +4% | +$34.6M |
2013 Q2
4 quarters
|
|
11
Alphabet (Google) Class C
GOOG
$4.29T
| $803M | 1.69% |
27,761,109
+1,509,840
| +6% | +$41M |
2013 Q2
4 quarters
|
|
12
Amazon
AMZN
$2.82T
| $801M | 1.68% |
49,329,100
+2,460,260
| +5% | +$38.9M |
2013 Q2
4 quarters
|
|
13
JPMorgan Chase
JPM
$889B
| $782M | 1.64% |
13,577,684
+765,450
| +6% | +$43M |
2013 Q2
4 quarters
|
|
14
Visa
V
$733B
| $756M | 1.59% |
14,349,596
+605,800
| +4% | +$31.7M |
2013 Q2
4 quarters
|
|
15
Microsoft
MSFT
$4.01T
| $738M | 1.55% |
17,687,522
+876,170
| +5% | +$35.5M |
2013 Q2
4 quarters
|
|
16
Qualcomm
QCOM
$185B
| $735M | 1.55% |
9,280,660
+423,931
| +5% | +$33.7M |
2013 Q2
4 quarters
|
|
17
Walt Disney
DIS
$187B
| $724M | 1.52% |
8,441,997
+396,690
| +5% | +$32.4M |
2013 Q2
4 quarters
|
|
18
Sanofi
SNY
$95.8B
| $695M | 1.46% |
13,079,575
+153,173
| +1% | +$8.13M |
2013 Q2
4 quarters
|
|
|
19
Lloyds Banking Group
LYG
$78.3B
| $691M | 1.45% |
134,527,730
+53,058,102
| +65% | +$275M |
2013 Q4
2 quarters
|
|
20
Berkshire Hathaway Class B
BRK.B
$1.11T
| $686M | 1.44% |
5,417,853
+298,861
| +6% | +$37.8M |
2013 Q2
4 quarters
|
|
21
Home Depot
HD
$291B
| $677M | 1.42% |
8,363,864
+489,676
| +6% | +$38.6M |
2013 Q2
4 quarters
|
|
22
Comcast
CMCSA
$73.1B
| $654M | 1.38% |
24,371,644
+1,208,998
| +5% | +$31.1M |
2013 Q2
4 quarters
|
|
23
Bank of America
BAC
$381B
| $649M | 1.36% |
42,229,149
+2,360,828
| +6% | +$36.7M |
2013 Q2
4 quarters
|
|
24
Novo Nordisk
NVO
$169B
| $635M | 1.33% |
27,483,058
+219,100
| +0.8% | +$4.84M |
2013 Q2
4 quarters
|
|
25
HSBC
HSBC
$322B
| $634M | 1.33% |
14,491,406
+193,729
| +1% | +$8.63M |
2013 Q2
4 quarters
|
|
Similar funds
Fisher Asset Management's Q2 2014 Portfolio in Review
As of Q2 2014, Fisher Asset Management held 668 positions worth $47.6B, up 7.3% from $44.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Fisher Asset Management deployed $2.03B of net new capital in Q2 2014, opening 82 new positions and adding to 273 existing holdings. Its largest new stake was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes: 5,003,089 shares worth $506M.
By sector, the portfolio is most concentrated in Miscellaneous at 24% of assets, up from 24% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN, an estimated $958M trimmed.
- Fisher Asset Management's largest Q2 2014 buy was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes: 5,003,089 shares worth $506M.
- Fisher Asset Management added most to Merck in Q2 2014, an estimated $328M increase.
- Fisher Asset Management's biggest Q2 2014 reduction was UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN, cutting an estimated $958M.
- Fisher Asset Management fully exited CAPITALSOURCE INC in Q2 2014, selling an estimated $95.8M.
- Fisher Asset Management's ten largest holdings make up 23% of its $47.6B portfolio in Q2 2014.
- Fisher Asset Management opened 82 new positions and closed 70 in Q2 2014.
- Fisher Asset Management's portfolio value rose 7.3% quarter-over-quarter to $47.6B.
Based on Fisher Asset Management's 13F filing for Q2 2014, filed 25 Jul 2014.