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 |
Caterpillar
CAT
|
+$675M |
| 2 |
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
|
+$559M |
| 3 |
PayPal
PYPL
|
+$417M |
| 4 |
Netflix
NFLX
|
+$408M |
| 5 |
Alibaba
BABA
|
+$328M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 23.45% |
| 2 | Technology | 20.24% |
| 3 | Financials | 13.63% |
| 4 | Healthcare | 11.08% |
| 5 | Consumer Discretionary | 8.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Visa
V
$724B
| $3.47B | 3.81% |
20,200,734
+419,991
| +2% | +$74.8M |
2013 Q2
25 quarters
|
|
2
Apple
AAPL
$4.91T
| $3.14B | 3.45% |
56,166,036
+1,211,668
| +2% | +$63.3M |
2013 Q2
25 quarters
|
|
3
Amazon
AMZN
$2.83T
| $3.06B | 3.36% |
35,240,120
+808,080
| +2% | +$74.9M |
2013 Q2
25 quarters
|
|
4
Microsoft
MSFT
$3.97T
| $2.97B | 3.26% |
21,358,671
+536,428
| +3% | +$73.8M |
2013 Q2
25 quarters
|
|
|
5
Alibaba
BABA
$277B
| $2.25B | 2.47% |
13,465,815
+1,910,506
| +17% | +$328M |
2015 Q2
17 quarters
|
|
6
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.7B
| $2.06B | 2.26% |
22,578,768
+2,946,684
| +15% | +$267M |
2013 Q2
25 quarters
|
|
7
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$27.6B
| $1.98B | 2.18% |
15,569,223
-5,060,521
| -25% | -$637M |
2013 Q2
25 quarters
|
|
8
Alphabet (Google) Class A
GOOGL
$4.3T
| $1.79B | 1.97% |
29,387,660
+905,640
| +3% | +$53.6M |
2015 Q4
15 quarters
|
|
9
Pfizer
PFE
$161B
| $1.63B | 1.79% |
47,737,133
+1,220,686
| +3% | +$44.4M |
2013 Q2
25 quarters
|
|
10
American Express
AXP
$208B
| $1.61B | 1.77% |
13,605,412
+2,252,720
| +20% | +$276M |
2013 Q2
25 quarters
|
|
|
FIHD
11
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $1.6B | 1.75% |
8,705,726
-2,348,881
| -21% | -$415M |
2016 Q1
14 quarters
|
|
12
TSMC
TSM
$2.35T
| $1.58B | 1.73% |
33,924,328
-790,787
| -2% | -$33.7M |
2013 Q2
25 quarters
|
|
13
Johnson & Johnson
JNJ
$630B
| $1.56B | 1.72% |
12,081,488
+240,367
| +2% | +$31.7M |
2013 Q2
25 quarters
|
|
|
FLGE
14
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $1.51B | 1.66% |
5,457,637
-1,714,245
| -24% | -$479M |
2014 Q2
21 quarters
|
|
15
Cisco
CSCO
$467B
| $1.51B | 1.65% |
30,517,061
+839,300
| +3% | +$43.6M |
2013 Q2
25 quarters
|
|
16
Home Depot
HD
$290B
| $1.42B | 1.56% |
6,135,124
+1,280,467
| +26% | +$280M |
2013 Q2
25 quarters
|
|
17
Intel
INTC
$553B
| $1.4B | 1.53% |
27,074,144
+516,977
| +2% | +$25.4M |
2013 Q2
25 quarters
|
|
18
Walmart Inc
WMT
$883B
| $1.3B | 1.42% |
32,741,004
+854,244
| +3% | +$32.2M |
2013 Q2
25 quarters
|
|
19
Adobe
ADBE
$94.3B
| $1.13B | 1.24% |
4,079,637
+972,817
| +31% | +$284M |
2018 Q3
4 quarters
|
|
20
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $1.12B | 1.23% |
4,028,161
-1,355,746
| -25% | -$379M |
2014 Q2
21 quarters
|
|
21
DELISTED
Barclays ETN+ FI Enhanced Global High Yield ETN Series B
FIYY
| $1.1B | 1.21% |
10,132,078
-4,284,670
| -30% | -$451M |
2018 Q1
6 quarters
|
|
22
Salesforce
CRM
$189B
| $1.08B | 1.18% |
7,265,009
+1,646,325
| +29% | +$250M |
2015 Q3
16 quarters
|
|
23
TotalEnergies
TTE
$190B
| $1.01B | 1.11% |
19,504,169
+5,351,860
| +38% | +$278M |
2018 Q1
6 quarters
|
|
24
SAP
SAP
$248B
| $894M | 0.98% |
7,585,866
+173,795
| +2% | +$21.5M |
2013 Q2
25 quarters
|
|
25
Oracle
ORCL
$429B
| $886M | 0.97% |
16,092,964
+525,562
| +3% | +$29M |
2013 Q2
25 quarters
|
|
Similar funds
Fisher Asset Management's Q3 2019 Portfolio in Review
As of Q3 2019, Fisher Asset Management held 980 positions worth $91.1B, up 0.75% from $90.5B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Fisher Asset Management's Q3 2019 filing shows 78 new, 345 increased, 343 reduced and 77 closed positions. Its largest new stake was Global Payments: 199,149 shares worth $31.7M. The largest sale was Barclays ETN+ FI Enhanced Europe 50 ETN Series C, an estimated $881M.
By sector, the portfolio is most concentrated in Miscellaneous at 23% of assets, down from 28% a quarter earlier, followed by Technology and Financials.
- Fisher Asset Management's largest Q3 2019 buy was Global Payments: 199,149 shares worth $31.7M.
- Fisher Asset Management added most to Caterpillar in Q3 2019, an estimated $675M increase.
- Fisher Asset Management's biggest Q3 2019 reduction was Barclays ETN+ FI Enhanced Europe 50 ETN Series C, cutting an estimated $881M.
- Fisher Asset Management fully exited Tableau Software, Inc. in Q3 2019, selling an estimated $53.8M.
- Fisher Asset Management's ten largest holdings make up 26% of its $91.1B portfolio in Q3 2019.
- Fisher Asset Management opened 78 new positions and closed 77 in Q3 2019.
- Fisher Asset Management's portfolio value rose 0.75% quarter-over-quarter to $91.1B.
Based on Fisher Asset Management's 13F filing for Q3 2019, filed 29 Oct 2019.