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 iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$56.4M |
| 2 |
Chemed
CHE
|
+$53.8M |
| 3 |
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
|
+$53.1M |
| 4 |
Petrobras
PBR
|
+$52.7M |
| 5 |
FIEG
FI Enhanced Global High Yield Exchange Traded Notes
FIEG
|
+$34.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FMER
FIRSTMERIT CORP
FMER
|
+$58.7M |
| 2 |
FBG
UBS AG LONDON BRH FISHER ENHANCED BIG CAP GROWTH ETN
FBG
|
+$38.2M |
| 3 |
PROTECTIVE LIFE CORP
PL
|
+$37.8M |
| 4 |
Sally Beauty Holdings
SBH
|
+$36.2M |
| 5 |
TSMC
TSM
|
+$35.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 23.31% |
| 2 | Financials | 20.61% |
| 3 | Healthcare | 14.68% |
| 4 | Technology | 12.41% |
| 5 | Industrials | 7.41% |
| 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
| $1.44B | 3.08% |
11,784,588
-119,143
| -1% | -$15.3M |
2013 Q2
5 quarters
|
|
|
2
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.4B
| $1.28B | 2.73% |
10,830,699
+474,076
| +5% | +$56.4M |
2013 Q2
5 quarters
|
|
3
Johnson & Johnson
JNJ
$610B
| $1.11B | 2.37% |
10,446,156
-2,292
| -0% | -$238K |
2013 Q2
5 quarters
|
|
4
Apple
AAPL
$4.99T
| $1.08B | 2.31% |
42,964,740
-11,896
| -0% | -$292K |
2013 Q2
5 quarters
|
|
5
American Express
AXP
$212B
| $997M | 2.13% |
11,387,462
+5,510
| +0% | +$496K |
2013 Q2
5 quarters
|
|
|
FEEU
6
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN
FEEU
| $970M | 2.07% |
8,208,233
-89,703
| -1% | -$11.3M |
2013 Q2
5 quarters
|
|
7
Wells Fargo
WFC
$248B
| $963M | 2.05% |
18,557,016
+7,278
| +0% | +$374K |
2013 Q2
5 quarters
|
|
8
Pfizer
PFE
$168B
| $937M | 2% |
33,414,430
+231,887
| +0.7% | +$6.51M |
2013 Q2
5 quarters
|
|
9
RTX Corp
RTX
$252B
| $885M | 1.89% |
13,318,188
+167,813
| +1% | +$11.5M |
2013 Q2
5 quarters
|
|
10
Microsoft
MSFT
$4.01T
| $816M | 1.74% |
17,602,653
-84,869
| -0.5% | -$3.79M |
2013 Q2
5 quarters
|
|
11
JPMorgan Chase
JPM
$891B
| $814M | 1.74% |
13,520,515
-57,169
| -0.4% | -$3.34M |
2013 Q2
5 quarters
|
|
12
Alphabet (Google) Class C
GOOG
$4.22T
| $809M | 1.73% |
27,816,822
+55,713
| +0.2% | +$1.61M |
2013 Q2
5 quarters
|
|
13
Amazon
AMZN
$2.75T
| $794M | 1.69% |
49,233,700
-95,400
| -0.2% | -$1.59M |
2013 Q2
5 quarters
|
|
14
GE Aerospace
GE
$324B
| $789M | 1.68% |
6,427,117
+14,071
| +0.2% | +$1.75M |
2013 Q2
5 quarters
|
|
15
Visa
V
$750B
| $766M | 1.63% |
14,355,408
+5,812
| +0% | +$312K |
2013 Q2
5 quarters
|
|
16
Home Depot
HD
$308B
| $761M | 1.62% |
8,297,439
-66,425
| -0.8% | -$5.7M |
2013 Q2
5 quarters
|
|
17
Berkshire Hathaway Class B
BRK.B
$1.13T
| $751M | 1.6% |
5,435,596
+17,743
| +0.3% | +$2.36M |
2013 Q2
5 quarters
|
|
18
Walt Disney
DIS
$191B
| $750M | 1.6% |
8,427,622
-14,375
| -0.2% | -$1.27M |
2013 Q2
5 quarters
|
|
19
Sanofi
SNY
$96.5B
| $742M | 1.58% |
13,145,647
+66,072
| +0.5% | +$3.55M |
2013 Q2
5 quarters
|
|
20
Bank of America
BAC
$362B
| $722M | 1.54% |
42,362,278
+133,129
| +0.3% | +$2.12M |
2013 Q2
5 quarters
|
|
21
Qualcomm
QCOM
$191B
| $695M | 1.48% |
9,301,782
+21,122
| +0.2% | +$1.62M |
2013 Q2
5 quarters
|
|
22
Lloyds Banking Group
LYG
$78.4B
| $684M | 1.46% |
135,676,361
+1,148,631
| +0.9% | +$5.78M |
2013 Q4
3 quarters
|
|
23
Intel
INTC
$504B
| $659M | 1.41% |
18,934,269
-30,193
| -0.2% | -$1.02M |
2013 Q2
5 quarters
|
|
24
Comcast
CMCSA
$77.3B
| $655M | 1.4% |
24,343,864
-27,780
| -0.1% | -$761K |
2013 Q2
5 quarters
|
|
25
HSBC
HSBC
$323B
| $638M | 1.36% |
14,562,827
+71,421
| +0.5% | +$3.25M |
2013 Q2
5 quarters
|
|
Similar funds
Fisher Asset Management's Q3 2014 Portfolio in Review
As of Q3 2014, Fisher Asset Management held 645 positions worth $46.9B, down 1.4% from $47.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Fisher Asset Management's Q3 2014 filing shows 47 new, 202 increased, 264 reduced and 61 closed positions. Its largest new stake was Chemed: 530,910 shares worth $54.6M. The largest sale was FIRSTMERIT CORP, an estimated $58.7M.
By sector, the portfolio is most concentrated in Miscellaneous at 23% of assets, down from 24% a quarter earlier, followed by Financials and Healthcare.
- Fisher Asset Management's largest Q3 2014 buy was Chemed: 530,910 shares worth $54.6M.
- Fisher Asset Management added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q3 2014, an estimated $56.4M increase.
- Fisher Asset Management's biggest Q3 2014 reduction was FIRSTMERIT CORP, cutting an estimated $58.7M.
- Fisher Asset Management fully exited PROTECTIVE LIFE CORP in Q3 2014, selling an estimated $37.8M.
- Fisher Asset Management's ten largest holdings make up 22% of its $46.9B portfolio in Q3 2014.
- Fisher Asset Management opened 47 new positions and closed 61 in Q3 2014.
- Fisher Asset Management's portfolio value fell 1.4% quarter-over-quarter to $46.9B.
Based on Fisher Asset Management's 13F filing for Q3 2014, filed 20 Oct 2014.