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 MSCI Europe Financials ETF
EUFN
|
+$427M |
| 2 |
iShares Global Energy ETF
IXC
|
+$357M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$322M |
| 4 |
iShares MSCI Spain ETF
EWP
|
+$194M |
| 5 |
FRLG
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
|
+$193M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TotalEnergies
TTE
|
+$208M |
| 2 |
ING
ING
|
+$123M |
| 3 |
Banco Bilbao Vizcaya Argentaria
BBVA
|
+$90.3M |
| 4 |
Banco Santander
SAN
|
+$82.1M |
| 5 |
Freeport-McMoran
FCX
|
+$57.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 27.73% |
| 2 | Technology | 18.76% |
| 3 | Financials | 12.9% |
| 4 | Healthcare | 11.32% |
| 5 | Consumer Discretionary | 8.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Visa
V
$750B
| $3.43B | 3.8% |
19,780,743
+622,075
| +3% | +$102M |
2013 Q2
24 quarters
|
|
2
Amazon
AMZN
$2.75T
| $3.26B | 3.6% |
34,432,040
+1,062,640
| +3% | +$99M |
2013 Q2
24 quarters
|
|
3
Microsoft
MSFT
$4.01T
| $2.79B | 3.08% |
20,822,243
+778,351
| +4% | +$98.8M |
2013 Q2
24 quarters
|
|
4
Apple
AAPL
$4.99T
| $2.72B | 3.01% |
54,954,368
+2,186,388
| +4% | +$107M |
2013 Q2
24 quarters
|
|
5
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.4B
| $2.57B | 2.84% |
20,629,744
-223,499
| -1% | -$26.8M |
2013 Q2
24 quarters
|
|
|
FIHD
6
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $1.99B | 2.2% |
11,054,607
+754,977
| +7% | +$131M |
2016 Q1
13 quarters
|
|
7
Alibaba
BABA
$276B
| $1.96B | 2.16% |
11,555,309
+14,774
| +0.1% | +$2.55M |
2015 Q2
16 quarters
|
|
|
FLGE
8
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $1.95B | 2.15% |
7,171,882
-140,485
| -2% | -$36.7M |
2014 Q2
20 quarters
|
|
9
Pfizer
PFE
$168B
| $1.91B | 2.11% |
46,516,447
+1,643,613
| +4% | +$65.3M |
2013 Q2
24 quarters
|
|
|
10
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.2B
| $1.76B | 1.95% |
19,632,084
+3,684,863
| +23% | +$322M |
2013 Q2
24 quarters
|
|
11
Johnson & Johnson
JNJ
$610B
| $1.65B | 1.82% |
11,841,121
+301,124
| +3% | +$41.7M |
2013 Q2
24 quarters
|
|
12
Cisco
CSCO
$433B
| $1.62B | 1.8% |
29,677,761
+1,253,256
| +4% | +$69.2M |
2013 Q2
24 quarters
|
|
13
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
| $1.55B | 1.71% |
14,416,748
-191,141
| -1% | -$19.7M |
2018 Q1
5 quarters
|
|
14
Alphabet (Google) Class A
GOOGL
$4.27T
| $1.54B | 1.7% |
28,482,020
+1,220,580
| +4% | +$70.7M |
2015 Q4
14 quarters
|
|
15
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $1.46B | 1.62% |
5,383,907
-73,659
| -1% | -$19.2M |
2014 Q2
20 quarters
|
|
16
American Express
AXP
$212B
| $1.4B | 1.55% |
11,352,692
+381,084
| +3% | +$44.8M |
2013 Q2
24 quarters
|
|
17
TSMC
TSM
$2.19T
| $1.36B | 1.5% |
34,715,115
-588,870
| -2% | -$24.2M |
2013 Q2
24 quarters
|
|
18
Intel
INTC
$504B
| $1.27B | 1.41% |
26,557,167
+785,668
| +3% | +$39M |
2013 Q2
24 quarters
|
|
19
Walmart Inc
WMT
$935B
| $1.17B | 1.3% |
31,886,760
+755,799
| +2% | +$26M |
2013 Q2
24 quarters
|
|
20
SAP
SAP
$260B
| $1.01B | 1.12% |
7,412,071
+256,923
| +4% | +$32M |
2013 Q2
24 quarters
|
|
21
Home Depot
HD
$308B
| $1.01B | 1.12% |
4,854,657
+138,011
| +3% | +$27.5M |
2013 Q2
24 quarters
|
|
|
FFEU
22
DELISTED
Barclays ETN+ FI Enhanced Europe 50 ETN Series C
FFEU
| $940M | 1.04% |
9,545,559
+602,014
| +7% | +$56.1M |
2018 Q1
5 quarters
|
|
23
Adobe
ADBE
$97.9B
| $915M | 1.01% |
3,106,820
+240,339
| +8% | +$66.7M |
2018 Q3
3 quarters
|
|
|
FRLG
24
DELISTED
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
| $907M | 1% |
7,712,699
+1,704,038
| +28% | +$193M |
2018 Q2
4 quarters
|
|
|
RDS.A
25
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $902M | 1% |
13,856,031
+310,560
| +2% | +$19.9M |
2013 Q2
24 quarters
|
|
Similar funds
Fisher Asset Management's Q2 2019 Portfolio in Review
As of Q2 2019, Fisher Asset Management held 967 positions worth $90.5B, up 6% from $85.3B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Fisher Asset Management's Q2 2019 filing shows 105 new, 388 increased, 294 reduced and 65 closed positions. Its largest new stake was State Street SPDR S&P Metals & Mining ETF: 3,272,430 shares worth $92.9M. The largest sale was TotalEnergies, an estimated $208M.
By sector, the portfolio is most concentrated in Miscellaneous at 28% of assets, up from 26% a quarter earlier, followed by Technology and Financials.
- Fisher Asset Management's largest Q2 2019 buy was State Street SPDR S&P Metals & Mining ETF: 3,272,430 shares worth $92.9M.
- Fisher Asset Management added most to iShares MSCI Europe Financials ETF in Q2 2019, an estimated $427M increase.
- Fisher Asset Management's biggest Q2 2019 reduction was TotalEnergies, cutting an estimated $208M.
- Fisher Asset Management fully exited Rowan Companies Plc in Q2 2019, selling an estimated $10.6M.
- Fisher Asset Management's ten largest holdings make up 27% of its $90.5B portfolio in Q2 2019.
- Fisher Asset Management opened 105 new positions and closed 65 in Q2 2019.
- Fisher Asset Management's portfolio value rose 6% quarter-over-quarter to $90.5B.
Based on Fisher Asset Management's 13F filing for Q2 2019, filed 30 Jul 2019.