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 |
FEUL
Credit Suisse FI Enhanced Europe 50 Exchange Traded Notes due May 11, 2028 Linked to the STOXX Europ
FEUL
|
+$302M |
| 2 |
FFEU
Barclays ETN+ FI Enhanced Europe 50 ETN Series C
FFEU
|
+$273M |
| 3 |
Petrobras
PBR
|
+$272M |
| 4 |
BHP
BHP
|
+$266M |
| 5 |
Freeport-McMoran
FCX
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$460M |
| 2 |
FIEU
FI Enhanced Europe 50 ETN
FIEU
|
+$267M |
| 3 |
Barclays ETN+ FI Enhanced Europe 50 ETN Series B
FLEU
|
+$239M |
| 4 |
HDFC Bank
HDB
|
+$227M |
| 5 |
Comcast
CMCSA
|
+$227M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 26.56% |
| 2 | Financials | 15.59% |
| 3 | Technology | 15.28% |
| 4 | Healthcare | 12.04% |
| 5 | Consumer Discretionary | 9.26% |
| 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
| $2.69B | 3.49% |
23,467,307
-207,624
| -0.9% | -$23.9M |
2013 Q2
20 quarters
|
|
|
2
Amazon
AMZN
$2.75T
| $2.66B | 3.45% |
31,261,520
-5,799,940
| -16% | -$460M |
2013 Q2
20 quarters
|
|
3
Visa
V
$750B
| $2.34B | 3.04% |
17,685,789
+639,522
| +4% | +$82.3M |
2013 Q2
20 quarters
|
|
4
Apple
AAPL
$4.99T
| $2.25B | 2.92% |
48,638,572
+1,867,552
| +4% | +$84.7M |
2013 Q2
20 quarters
|
|
5
Alibaba
BABA
$276B
| $2.04B | 2.64% |
10,970,028
+177,756
| +2% | +$33.9M |
2015 Q2
12 quarters
|
|
|
FLGE
6
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $1.98B | 2.58% |
7,780,485
-17,786
| -0.2% | -$4.39M |
2014 Q2
16 quarters
|
|
7
Microsoft
MSFT
$4.01T
| $1.81B | 2.35% |
18,324,544
+726,904
| +4% | +$70.5M |
2013 Q2
20 quarters
|
|
8
Johnson & Johnson
JNJ
$610B
| $1.59B | 2.07% |
13,118,604
+478,982
| +4% | +$59.8M |
2013 Q2
20 quarters
|
|
9
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
| $1.49B | 1.94% |
15,639,520
+232,697
| +2% | +$22.5M |
2018 Q1
1 quarter
|
|
10
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $1.46B | 1.9% |
5,696,534
-66,793
| -1% | -$16.5M |
2014 Q2
16 quarters
|
|
11
Pfizer
PFE
$168B
| $1.43B | 1.86% |
41,575,153
+1,761,561
| +4% | +$60.2M |
2013 Q2
20 quarters
|
|
12
Alphabet (Google) Class A
GOOGL
$4.27T
| $1.39B | 1.8% |
24,606,380
+1,133,220
| +5% | +$61.6M |
2015 Q4
10 quarters
|
|
|
FIHD
13
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $1.28B | 1.66% |
8,021,624
+789,680
| +11% | +$128M |
2016 Q1
9 quarters
|
|
14
TSMC
TSM
$2.19T
| $1.25B | 1.62% |
34,189,101
+320,062
| +0.9% | +$12.6M |
2013 Q2
20 quarters
|
|
15
Intel
INTC
$504B
| $1.16B | 1.51% |
23,435,777
+745,116
| +3% | +$39.6M |
2013 Q2
20 quarters
|
|
16
American Express
AXP
$212B
| $991M | 1.29% |
10,110,872
+360,596
| +4% | +$35.4M |
2013 Q2
20 quarters
|
|
17
Home Depot
HD
$308B
| $844M | 1.1% |
4,326,599
+108,535
| +3% | +$20.3M |
2013 Q2
20 quarters
|
|
18
Walmart Inc
WMT
$935B
| $823M | 1.07% |
28,825,119
+1,251,612
| +5% | +$35.6M |
2013 Q2
20 quarters
|
|
19
Cisco
CSCO
$433B
| $773M | 1% |
17,969,867
+662,706
| +4% | +$29M |
2013 Q2
20 quarters
|
|
20
Procter & Gamble
PG
$365B
| $768M | 1% |
9,844,145
+351,075
| +4% | +$26.4M |
2013 Q2
20 quarters
|
|
21
SAP
SAP
$260B
| $758M | 0.98% |
6,555,015
-427,461
| -6% | -$48.3M |
2013 Q2
20 quarters
|
|
22
HSBC
HSBC
$323B
| $720M | 0.93% |
16,199,965
+423,377
| +3% | +$19.4M |
2013 Q2
20 quarters
|
|
23
UBS Group
UBS
$146B
| $713M | 0.93% |
46,463,998
+2,071,414
| +5% | +$33.7M |
2014 Q4
14 quarters
|
|
24
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $711M | 0.92% |
10,760,658
-576,710
| -5% | -$38.1M |
2013 Q2
20 quarters
|
|
25
PepsiCo
PEP
$175B
| $707M | 0.92% |
6,496,425
+227,728
| +4% | +$23.5M |
2013 Q2
20 quarters
|
|
Similar funds
Fisher Asset Management's Q2 2018 Portfolio in Review
As of Q2 2018, Fisher Asset Management held 924 positions worth $77B, up 2.1% from $75.4B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Fisher Asset Management's Q2 2018 filing shows 95 new, 298 increased, 389 reduced and 62 closed positions. Its largest new stake was Credit Suisse FI Enhanced Europe 50 Exchange Traded Notes due May 11, 2028 Linked to the STOXX Europ: 3,218,864 shares worth $294M. The largest sale was Amazon, an estimated $460M.
By sector, the portfolio is most concentrated in Miscellaneous at 27% of assets, down from 27% a quarter earlier, followed by Financials and Technology.
- Fisher Asset Management's largest Q2 2018 buy was Credit Suisse FI Enhanced Europe 50 Exchange Traded Notes due May 11, 2028 Linked to the STOXX Europ: 3,218,864 shares worth $294M.
- Fisher Asset Management added most to Barclays ETN+ FI Enhanced Europe 50 ETN Series C in Q2 2018, an estimated $273M increase.
- Fisher Asset Management's biggest Q2 2018 reduction was Amazon, cutting an estimated $460M.
- Fisher Asset Management fully exited Dr. Reddy's Laboratories in Q2 2018, selling an estimated $165M.
- Fisher Asset Management's ten largest holdings make up 26% of its $77B portfolio in Q2 2018.
- Fisher Asset Management opened 95 new positions and closed 62 in Q2 2018.
- Fisher Asset Management's portfolio value rose 2.1% quarter-over-quarter to $77B.
Based on Fisher Asset Management's 13F filing for Q2 2018, filed 9 Jul 2018.