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 |
BAYER AG SPONS ADR
BAY
|
+$535M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$124M |
| 3 |
Banco Bradesco
BBD
|
+$98.1M |
| 4 |
Itaú Unibanco
ITUB
|
+$94.1M |
| 5 |
FIHD
UBS AG FI Enhanced Global High Yield ETN
FIHD
|
+$80.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PRXL
Parexel International Corp
PRXL
|
+$184M |
| 2 |
IRY
SPDR S&P International Health Care Sector
IRY
|
+$143M |
| 3 |
DFT
DuPont Fabros Technology Inc.
DFT
|
+$72.5M |
| 4 |
PNC Financial Services
PNC
|
+$31M |
| 5 |
HDFC Bank
HDB
|
+$26.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 28.23% |
| 2 | Financials | 18.2% |
| 3 | Technology | 13.75% |
| 4 | Healthcare | 12.94% |
| 5 | Consumer Discretionary | 8.59% |
| 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
| $2.67B | 3.75% |
22,053,892
+1,022,960
| +5% | +$124M |
2013 Q2
17 quarters
|
|
2
Alibaba
BABA
$276B
| $1.78B | 2.49% |
10,288,095
-30,778
| -0.3% | -$4.99M |
2015 Q2
9 quarters
|
|
3
Amazon
AMZN
$2.75T
| $1.69B | 2.37% |
35,108,100
+1,097,880
| +3% | +$53.9M |
2013 Q2
17 quarters
|
|
4
Visa
V
$750B
| $1.68B | 2.36% |
15,971,471
+355,320
| +2% | +$36M |
2013 Q2
17 quarters
|
|
5
Apple
AAPL
$4.99T
| $1.68B | 2.35% |
43,553,612
+1,319,176
| +3% | +$51.2M |
2013 Q2
17 quarters
|
|
|
FIGY
6
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN
FIGY
| $1.59B | 2.22% |
9,784,255
-95,741
| -1% | -$14.9M |
2013 Q2
17 quarters
|
|
7
Johnson & Johnson
JNJ
$610B
| $1.53B | 2.15% |
11,797,674
+298,259
| +3% | +$39.5M |
2013 Q2
17 quarters
|
|
|
FLGE
8
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $1.33B | 1.87% |
6,759,106
+339,907
| +5% | +$64M |
2014 Q2
13 quarters
|
|
9
TSMC
TSM
$2.19T
| $1.27B | 1.79% |
33,909,955
-561,326
| -2% | -$20.5M |
2013 Q2
17 quarters
|
|
10
Pfizer
PFE
$168B
| $1.25B | 1.76% |
37,017,322
+1,144,050
| +3% | +$36.8M |
2013 Q2
17 quarters
|
|
11
Microsoft
MSFT
$4.01T
| $1.22B | 1.72% |
16,441,861
+436,655
| +3% | +$31.9M |
2013 Q2
17 quarters
|
|
12
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $1.16B | 1.63% |
5,932,365
-57,794
| -1% | -$10.8M |
2014 Q2
13 quarters
|
|
13
American Express
AXP
$212B
| $1.04B | 1.47% |
11,547,390
+300,042
| +3% | +$25.8M |
2013 Q2
17 quarters
|
|
14
Alphabet (Google) Class A
GOOGL
$4.27T
| $1.04B | 1.45% |
21,286,760
+856,640
| +4% | +$40.6M |
2015 Q4
7 quarters
|
|
|
FIHD
15
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $922M | 1.29% |
5,696,975
+523,921
| +10% | +$80.9M |
2016 Q1
6 quarters
|
|
16
Home Depot
HD
$308B
| $896M | 1.26% |
5,480,689
+153,547
| +3% | +$23.5M |
2013 Q2
17 quarters
|
|
17
Intel
INTC
$504B
| $810M | 1.14% |
21,270,187
+478,832
| +2% | +$17M |
2013 Q2
17 quarters
|
|
18
Procter & Gamble
PG
$365B
| $808M | 1.13% |
8,880,232
+244,403
| +3% | +$22.3M |
2013 Q2
17 quarters
|
|
19
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $759M | 1.07% |
10,777,529
+356,780
| +3% | +$25.1M |
2013 Q2
17 quarters
|
|
|
20
HDFC Bank
HDB
$121B
| $758M | 1.06% |
31,442,732
-1,111,164
| -3% | -$26.4M |
2013 Q2
17 quarters
|
|
21
SAP
SAP
$260B
| $724M | 1.01% |
6,599,155
+136,874
| +2% | +$14.5M |
2013 Q2
17 quarters
|
|
22
UBS Group
UBS
$146B
| $708M | 0.99% |
41,303,205
+1,136,180
| +3% | +$19.4M |
2014 Q4
11 quarters
|
|
23
Vodafone
VOD
$36.7B
| $707M | 0.99% |
24,824,481
+1,121,862
| +5% | +$32.5M |
2017 Q1
2 quarters
|
|
24
ING
ING
$94.5B
| $703M | 0.99% |
38,178,130
+2,168,788
| +6% | +$39.2M |
2016 Q2
5 quarters
|
|
|
25
DELISTED
BAYER AG SPONS ADR
BAY
| $703M | 0.99% |
20,620,341
+15,686,074
| +318% | +$535M |
2013 Q2
17 quarters
|
|
Similar funds
Fisher Asset Management's Q3 2017 Portfolio in Review
As of Q3 2017, Fisher Asset Management held 922 positions worth $71.3B, up 7.5% from $66.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Fisher Asset Management's Q3 2017 filing shows 120 new, 343 increased, 284 reduced and 79 closed positions. Its largest new stake was Coresite Realty Corporation: 286,849 shares worth $32.1M. The largest sale was Parexel International Corp, an estimated $184M.
By sector, the portfolio is most concentrated in Miscellaneous at 28% of assets, up from 28% a quarter earlier, followed by Financials and Technology.
- Fisher Asset Management's largest Q3 2017 buy was Coresite Realty Corporation: 286,849 shares worth $32.1M.
- Fisher Asset Management added most to BAYER AG SPONS ADR in Q3 2017, an estimated $535M increase.
- Fisher Asset Management's biggest Q3 2017 reduction was PNC Financial Services, cutting an estimated $31M.
- Fisher Asset Management fully exited Parexel International Corp in Q3 2017, selling an estimated $184M.
- Fisher Asset Management's ten largest holdings make up 23% of its $71.3B portfolio in Q3 2017.
- Fisher Asset Management opened 120 new positions and closed 79 in Q3 2017.
- Fisher Asset Management's portfolio value rose 7.5% quarter-over-quarter to $71.3B.
Based on Fisher Asset Management's 13F filing for Q3 2017, filed 17 Oct 2017.