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 |
Mastercard
MA
|
+$915M |
| 2 |
Meta Platforms (Facebook)
META
|
+$693M |
| 3 |
Salesforce
CRM
|
+$618M |
| 4 |
Walt Disney
DIS
|
+$559M |
| 5 |
Nike
NKE
|
+$545M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$1.51B |
| 2 |
Pfizer
PFE
|
+$1.43B |
| 3 |
UBS Group
UBS
|
+$588M |
| 4 |
HSBC
HSBC
|
+$537M |
| 5 |
Procter & Gamble
PG
|
+$439M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.34% |
| 2 | Miscellaneous | 23.16% |
| 3 | Financials | 11.01% |
| 4 | Consumer Discretionary | 10.99% |
| 5 | Healthcare | 10.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.99T
| $3.56B | 4.42% |
56,065,052
-70,424
| -0.1% | -$5.18M |
2013 Q2
27 quarters
|
|
2
Microsoft
MSFT
$4.01T
| $3.38B | 4.2% |
21,456,344
+125,646
| +0.6% | +$20.7M |
2013 Q2
27 quarters
|
|
3
Visa
V
$750B
| $3.27B | 4.06% |
20,319,088
+116,273
| +0.6% | +$21.9M |
2013 Q2
27 quarters
|
|
4
Amazon
AMZN
$2.75T
| $3.16B | 3.92% |
32,386,280
-2,940,480
| -8% | -$285M |
2013 Q2
27 quarters
|
|
5
Alibaba
BABA
$276B
| $2.58B | 3.2% |
13,264,349
+83,823
| +0.6% | +$17.5M |
2015 Q2
19 quarters
|
|
6
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.2B
| $2.43B | 3.02% |
27,958,469
+2,377,638
| +9% | +$216M |
2013 Q2
27 quarters
|
|
7
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.4B
| $1.84B | 2.28% |
14,892,227
-279,696
| -2% | -$35.6M |
2013 Q2
27 quarters
|
|
8
Alphabet (Google) Class A
GOOGL
$4.27T
| $1.74B | 2.15% |
29,889,020
+510,440
| +2% | +$34.6M |
2015 Q4
17 quarters
|
|
9
Adobe
ADBE
$97.9B
| $1.63B | 2.03% |
5,131,883
+1,003,724
| +24% | +$343M |
2018 Q3
6 quarters
|
|
|
10
Salesforce
CRM
$203B
| $1.57B | 1.94% |
10,873,498
+3,606,319
| +50% | +$618M |
2015 Q3
18 quarters
|
|
11
Intel
INTC
$504B
| $1.5B | 1.87% |
27,801,984
+800,621
| +3% | +$47.4M |
2013 Q2
27 quarters
|
|
12
TSMC
TSM
$2.19T
| $1.42B | 1.76% |
29,674,267
-1,030,476
| -3% | -$56.4M |
2013 Q2
27 quarters
|
|
13
Walmart Inc
WMT
$935B
| $1.22B | 1.51% |
32,242,716
-824,529
| -2% | -$31.7M |
2013 Q2
27 quarters
|
|
14
Netflix
NFLX
$302B
| $1.22B | 1.51% |
32,448,540
+10,407,800
| +47% | +$368M |
2017 Q1
12 quarters
|
|
15
American Express
AXP
$212B
| $1.2B | 1.49% |
14,039,112
+278,155
| +2% | +$32.4M |
2013 Q2
27 quarters
|
|
|
FLGE
16
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $1.17B | 1.46% |
5,168,082
-149,748
| -3% | -$47.5M |
2014 Q2
23 quarters
|
|
17
Home Depot
HD
$308B
| $1.16B | 1.44% |
6,207,713
+101,068
| +2% | +$22.2M |
2013 Q2
27 quarters
|
|
|
FIHD
18
DELISTED
UBS AG FI Enhanced Global High Yield ETN
FIHD
| $1.08B | 1.34% |
9,364,815
+302,663
| +3% | +$52.5M |
2016 Q1
16 quarters
|
|
19
Novo Nordisk
NVO
$173B
| $923M | 1.14% |
30,650,110
+473,726
| +2% | +$14.1M |
2013 Q2
27 quarters
|
|
|
FRLG
20
DELISTED
Large Cap Growth Index-Linked Exchange Traded Notes due 2028
FRLG
| $912M | 1.13% |
9,175,475
+952,274
| +12% | +$131M |
2018 Q2
7 quarters
|
|
21
ASML
ASML
$637B
| $904M | 1.12% |
3,453,577
+922,387
| +36% | +$262M |
2013 Q2
27 quarters
|
|
22
DELISTED
UBS AG FI Enhanced Large Cap Growth ETN
FBGX
| $886M | 1.1% |
3,827,365
-110,511
| -3% | -$35.2M |
2014 Q2
23 quarters
|
|
23
Costco
COST
$433B
| $877M | 1.09% |
3,076,039
+37,808
| +1% | +$11.5M |
2014 Q3
22 quarters
|
|
|
24
Mastercard
MA
$540B
| $860M | 1.07% |
3,560,005
+3,077,542
| +638% | +$915M |
2013 Q2
27 quarters
|
|
25
SAP
SAP
$260B
| $854M | 1.06% |
7,728,385
+73,849
| +1% | +$9.31M |
2013 Q2
27 quarters
|
|
Similar funds
Fisher Asset Management's Q1 2020 Portfolio in Review
As of Q1 2020, Fisher Asset Management held 982 positions worth $80.6B, down 19% from $99B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fisher Asset Management's Q1 2020 filing shows 84 new, 262 increased, 421 reduced and 116 closed positions. Its largest new stake was Advanced Micro Devices: 7,132,669 shares worth $324M. The largest sale was Johnson & Johnson, an estimated $1.51B.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 21% a quarter earlier, followed by Miscellaneous and Financials.
- Fisher Asset Management's largest Q1 2020 buy was Advanced Micro Devices: 7,132,669 shares worth $324M.
- Fisher Asset Management added most to Mastercard in Q1 2020, an estimated $915M increase.
- Fisher Asset Management's biggest Q1 2020 reduction was Johnson & Johnson, cutting an estimated $1.51B.
- Fisher Asset Management fully exited Ambev in Q1 2020, selling an estimated $89.9M.
- Fisher Asset Management's ten largest holdings make up 31% of its $80.6B portfolio in Q1 2020.
- Fisher Asset Management opened 84 new positions and closed 116 in Q1 2020.
- Fisher Asset Management's portfolio value fell 19% quarter-over-quarter to $80.6B.
Based on Fisher Asset Management's 13F filing for Q1 2020, filed 28 Apr 2020.