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 |
Adobe
ADBE
|
+$312M |
| 2 |
Salesforce
CRM
|
+$299M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$263M |
| 4 |
Netflix
NFLX
|
+$250M |
| 5 |
ConocoPhillips
COP
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PepsiCo
PEP
|
+$755M |
| 2 |
Procter & Gamble
PG
|
+$520M |
| 3 |
Unilever NV New York Registry Shares
UN
|
+$179M |
| 4 |
Televisa
TV
|
+$119M |
| 5 |
Vanguard Industrials ETF
VIS
|
+$81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 25.7% |
| 2 | Technology | 18.62% |
| 3 | Financials | 13.11% |
| 4 | Healthcare | 11.7% |
| 5 | Consumer Discretionary | 8.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Visa
V
$724B
| $2.99B | 3.51% |
19,158,668
+536,571
| +3% | +$77.3M |
2013 Q2
23 quarters
|
|
2
Amazon
AMZN
$2.83T
| $2.97B | 3.48% |
33,369,400
+952,860
| +3% | +$79.3M |
2013 Q2
23 quarters
|
|
3
Apple
AAPL
$4.91T
| $2.51B | 2.94% |
52,767,980
+1,702,032
| +3% | +$72.2M |
2013 Q2
23 quarters
|
|
4
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$27.6B
| $2.48B | 2.91% |
20,853,243
-413,997
| -2% | -$48M |
2013 Q2
23 quarters
|
|
5
Microsoft
MSFT
$3.97T
| $2.36B | 2.77% |
20,043,892
+602,103
| +3% | +$65.7M |
2013 Q2
23 quarters
|
|
6
Alibaba
BABA
$277B
| $2.11B | 2.47% |
11,540,535
+56,649
| +0.5% | +$9.53M |
2015 Q2
15 quarters
|
|
|
FLGE
7
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $1.84B | 2.16% |
7,312,367
-171,104
| -2% | -$39.2M |
2014 Q2
19 quarters
|
|
8
Pfizer
PFE
$161B
| $1.81B | 2.12% |
44,872,834
+783,267
| +2% | +$31.4M |
2013 Q2
23 quarters
|
|
|
FIHD
9
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $1.76B | 2.07% |
10,299,630
+752,978
| +8% | +$121M |
2016 Q1
12 quarters
|
|
10
Johnson & Johnson
JNJ
$630B
| $1.61B | 1.89% |
11,539,997
+202,344
| +2% | +$27.1M |
2013 Q2
23 quarters
|
|
11
Alphabet (Google) Class A
GOOGL
$4.3T
| $1.6B | 1.88% |
27,261,440
+816,460
| +3% | +$46.1M |
2015 Q4
13 quarters
|
|
12
Cisco
CSCO
$467B
| $1.53B | 1.8% |
28,424,505
+1,085,931
| +4% | +$52.8M |
2013 Q2
23 quarters
|
|
13
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
| $1.49B | 1.75% |
14,607,889
-243,057
| -2% | -$23.3M |
2018 Q1
4 quarters
|
|
14
TSMC
TSM
$2.35T
| $1.45B | 1.7% |
35,303,985
-925,518
| -3% | -$35.3M |
2013 Q2
23 quarters
|
|
|
15
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.7B
| $1.39B | 1.62% |
15,947,221
+3,103,207
| +24% | +$263M |
2013 Q2
23 quarters
|
|
16
Intel
INTC
$553B
| $1.38B | 1.62% |
25,771,499
+812,493
| +3% | +$41.2M |
2013 Q2
23 quarters
|
|
17
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $1.37B | 1.6% |
5,457,566
-95,265
| -2% | -$21.7M |
2014 Q2
19 quarters
|
|
18
American Express
AXP
$208B
| $1.2B | 1.41% |
10,971,608
+290,056
| +3% | +$30.5M |
2013 Q2
23 quarters
|
|
19
Walmart Inc
WMT
$883B
| $1.01B | 1.19% |
31,130,961
+343,524
| +1% | +$11.1M |
2013 Q2
23 quarters
|
|
20
TotalEnergies
TTE
$190B
| $1,000M | 1.17% |
17,963,857
+1,072,944
| +6% | +$59.7M |
2018 Q1
4 quarters
|
|
21
Home Depot
HD
$290B
| $905M | 1.06% |
4,716,646
+133,854
| +3% | +$24.6M |
2013 Q2
23 quarters
|
|
|
RDS.A
22
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $848M | 0.99% |
13,545,471
+847,319
| +7% | +$52.4M |
2013 Q2
23 quarters
|
|
|
23
Salesforce
CRM
$189B
| $846M | 0.99% |
5,344,051
+1,927,911
| +56% | +$299M |
2015 Q3
14 quarters
|
|
24
SAP
SAP
$248B
| $826M | 0.97% |
7,155,148
+229,076
| +3% | +$24.4M |
2013 Q2
23 quarters
|
|
|
FFEU
25
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN Series C
FFEU
| $808M | 0.95% |
8,943,545
+619,405
| +7% | +$51.7M |
2018 Q1
4 quarters
|
|
Similar funds
Fisher Asset Management's Q1 2019 Portfolio in Review
As of Q1 2019, Fisher Asset Management held 944 positions worth $85.3B, up 17% from $73.2B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Fisher Asset Management's Q1 2019 filing shows 78 new, 319 increased, 366 reduced and 82 closed positions. Its largest new stake was Hess: 2,044,909 shares worth $123M. The largest sale was PepsiCo, an estimated $755M.
By sector, the portfolio is most concentrated in Miscellaneous at 26% of assets, up from 25% a quarter earlier, followed by Technology and Financials.
- Fisher Asset Management's largest Q1 2019 buy was Hess: 2,044,909 shares worth $123M.
- Fisher Asset Management added most to Adobe in Q1 2019, an estimated $312M increase.
- Fisher Asset Management's biggest Q1 2019 reduction was PepsiCo, cutting an estimated $755M.
- Fisher Asset Management fully exited Televisa in Q1 2019, selling an estimated $119M.
- Fisher Asset Management's ten largest holdings make up 26% of its $85.3B portfolio in Q1 2019.
- Fisher Asset Management opened 78 new positions and closed 82 in Q1 2019.
- Fisher Asset Management's portfolio value rose 17% quarter-over-quarter to $85.3B.
Based on Fisher Asset Management's 13F filing for Q1 2019, filed 22 Apr 2019.