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
|
+$607M |
| 2 |
Vodafone
VOD
|
+$318M |
| 3 |
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$267M |
| 4 |
Alibaba
BABA
|
+$228M |
| 5 |
Itaú Unibanco
ITUB
|
+$137M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
|
+$545M |
| 2 |
GE Aerospace
GE
|
+$284M |
| 3 |
NXP Semiconductors
NXPI
|
+$121M |
| 4 |
MENT
Mentor Graphics Corp
MENT
|
+$63.3M |
| 5 |
Heartland Express
HTLD
|
+$45.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 22.33% |
| 2 | Financials | 19.82% |
| 3 | Technology | 14.55% |
| 4 | Healthcare | 12.32% |
| 5 | Consumer Discretionary | 8.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.4B
| $2.33B | 3.72% |
19,719,973
+5,165,161
| +35% | +$607M |
2013 Q2
15 quarters
|
|
2
Amazon
AMZN
$2.75T
| $1.8B | 2.87% |
40,495,120
+440,640
| +1% | +$18.4M |
2013 Q2
15 quarters
|
|
3
Apple
AAPL
$4.99T
| $1.67B | 2.68% |
46,553,580
+561,472
| +1% | +$18.5M |
2013 Q2
15 quarters
|
|
|
FIGY
4
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.44B | 2.31% |
9,993,600
-231,202
| -2% | -$31.8M |
2013 Q2
15 quarters
|
|
5
Johnson & Johnson
JNJ
$610B
| $1.38B | 2.21% |
11,093,898
+136,764
| +1% | +$16.3M |
2013 Q2
15 quarters
|
|
6
Visa
V
$750B
| $1.35B | 2.16% |
15,163,968
+206,225
| +1% | +$17.7M |
2013 Q2
15 quarters
|
|
7
Home Depot
HD
$308B
| $1.27B | 2.03% |
8,649,798
+108,242
| +1% | +$15.4M |
2013 Q2
15 quarters
|
|
8
Microsoft
MSFT
$4.01T
| $1.23B | 1.97% |
18,652,532
+199,259
| +1% | +$12.8M |
2013 Q2
15 quarters
|
|
9
JPMorgan Chase
JPM
$891B
| $1.22B | 1.95% |
13,889,188
-56,642
| -0.4% | -$5M |
2013 Q2
15 quarters
|
|
10
Pfizer
PFE
$168B
| $1.12B | 1.79% |
34,528,545
+584,735
| +2% | +$18.4M |
2013 Q2
15 quarters
|
|
11
Wells Fargo
WFC
$248B
| $1.01B | 1.62% |
18,221,151
-143,134
| -0.8% | -$8.12M |
2013 Q2
15 quarters
|
|
12
Walt Disney
DIS
$191B
| $1B | 1.61% |
8,846,672
+101,808
| +1% | +$11.2M |
2013 Q2
15 quarters
|
|
13
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $988M | 1.58% |
6,066,085
-128,798
| -2% | -$19.9M |
2014 Q2
11 quarters
|
|
|
FLGE
14
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $984M | 1.58% |
6,024,796
+314,028
| +5% | +$48.7M |
2014 Q2
11 quarters
|
|
15
RTX Corp
RTX
$252B
| $958M | 1.53% |
13,562,746
+169,311
| +1% | +$11.9M |
2013 Q2
15 quarters
|
|
16
Comcast
CMCSA
$77.3B
| $953M | 1.53% |
25,364,691
+313,543
| +1% | +$11.6M |
2013 Q2
15 quarters
|
|
17
Berkshire Hathaway Class B
BRK.B
$1.13T
| $953M | 1.53% |
5,717,964
+77,096
| +1% | +$12.9M |
2013 Q2
15 quarters
|
|
18
TSMC
TSM
$2.19T
| $926M | 1.48% |
28,189,434
+184,195
| +0.7% | +$5.75M |
2013 Q2
15 quarters
|
|
19
Alphabet (Google) Class A
GOOGL
$4.27T
| $908M | 1.45% |
21,427,260
+551,960
| +3% | +$23.2M |
2015 Q4
5 quarters
|
|
20
American Express
AXP
$212B
| $861M | 1.38% |
10,879,001
+248,731
| +2% | +$19.4M |
2013 Q2
15 quarters
|
|
21
Bank of America
BAC
$362B
| $854M | 1.37% |
36,184,100
+14,148
| +0% | +$336K |
2013 Q2
15 quarters
|
|
22
Procter & Gamble
PG
$365B
| $743M | 1.19% |
8,265,762
+145,481
| +2% | +$12.9M |
2013 Q2
15 quarters
|
|
23
Intel
INTC
$504B
| $727M | 1.17% |
20,167,657
+207,118
| +1% | +$7.5M |
2013 Q2
15 quarters
|
|
|
24
GE Aerospace
GE
$324B
| $665M | 1.07% |
4,657,953
-1,963,206
| -30% | -$284M |
2013 Q2
15 quarters
|
|
|
FIHD
25
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $641M | 1.03% |
4,572,168
+453,486
| +11% | +$60.5M |
2016 Q1
4 quarters
|
|
Similar funds
Fisher Asset Management's Q1 2017 Portfolio in Review
As of Q1 2017, Fisher Asset Management held 865 positions worth $62.4B, up 8.7% from $57.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Fisher Asset Management's Q1 2017 filing shows 82 new, 252 increased, 334 reduced and 92 closed positions. Its largest new stake was Vodafone: 12,420,913 shares worth $328M. The largest sale was State Street SPDR Portfolio Short Term Corporate Bond ETF, an estimated $545M.
By sector, the portfolio is most concentrated in Miscellaneous at 22% of assets, up from 22% a quarter earlier, followed by Financials and Technology.
- Fisher Asset Management's largest Q1 2017 buy was Vodafone: 12,420,913 shares worth $328M.
- Fisher Asset Management added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q1 2017, an estimated $607M increase.
- Fisher Asset Management's biggest Q1 2017 reduction was State Street SPDR Portfolio Short Term Corporate Bond ETF, cutting an estimated $545M.
- Fisher Asset Management fully exited NXP Semiconductors in Q1 2017, selling an estimated $121M.
- Fisher Asset Management's ten largest holdings make up 24% of its $62.4B portfolio in Q1 2017.
- Fisher Asset Management opened 82 new positions and closed 92 in Q1 2017.
- Fisher Asset Management's portfolio value rose 8.7% quarter-over-quarter to $62.4B.
Based on Fisher Asset Management's 13F filing for Q1 2017, filed 25 Apr 2017.