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 |
NextEra Energy
NEE
|
+$703M |
| 2 |
UnitedHealth
UNH
|
+$671M |
| 3 |
3M
MMM
|
+$660M |
| 4 |
Walt Disney
DIS
|
+$506M |
| 5 |
Toyota
TM
|
+$476M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.67% |
| 2 | Miscellaneous | 16.77% |
| 3 | Consumer Discretionary | 12.64% |
| 4 | Financials | 11.84% |
| 5 | Healthcare | 11.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.98T
| $5.22B | 5.1% |
57,247,520
+1,182,468
| +2% | +$91.6M |
2013 Q2
28 quarters
|
|
2
Amazon
AMZN
$2.82T
| $4.55B | 4.44% |
33,006,580
+620,300
| +2% | +$74.9M |
2013 Q2
28 quarters
|
|
3
Microsoft
MSFT
$4.02T
| $4.45B | 4.34% |
21,853,102
+396,758
| +2% | +$72M |
2013 Q2
28 quarters
|
|
4
Visa
V
$733B
| $4.05B | 3.96% |
20,979,235
+660,147
| +3% | +$121M |
2013 Q2
28 quarters
|
|
5
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.7B
| $3B | 2.92% |
31,497,520
+3,539,051
| +13% | +$326M |
2013 Q2
28 quarters
|
|
6
Alibaba
BABA
$274B
| $2.92B | 2.85% |
13,549,626
+285,277
| +2% | +$59.4M |
2015 Q2
20 quarters
|
|
7
Adobe
ADBE
$93.4B
| $2.33B | 2.27% |
5,344,469
+212,586
| +4% | +$78.8M |
2018 Q3
7 quarters
|
|
8
Alphabet (Google) Class A
GOOGL
$4.34T
| $2.17B | 2.12% |
30,642,800
+753,780
| +3% | +$50.8M |
2015 Q4
18 quarters
|
|
9
Salesforce
CRM
$194B
| $2.16B | 2.1% |
11,506,350
+632,852
| +6% | +$107M |
2015 Q3
19 quarters
|
|
10
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.1B
| $1.98B | 1.93% |
14,720,318
-171,909
| -1% | -$22.4M |
2013 Q2
28 quarters
|
|
11
Intel
INTC
$534B
| $1.72B | 1.67% |
28,665,401
+863,417
| +3% | +$51.6M |
2013 Q2
28 quarters
|
|
12
PayPal
PYPL
$47.6B
| $1.7B | 1.66% |
9,744,668
+2,741,321
| +39% | +$379M |
2015 Q3
19 quarters
|
|
13
TSMC
TSM
$2.32T
| $1.67B | 1.63% |
29,499,743
-174,524
| -0.6% | -$9.2M |
2013 Q2
28 quarters
|
|
14
Home Depot
HD
$291B
| $1.6B | 1.56% |
6,391,543
+183,830
| +3% | +$42.1M |
2013 Q2
28 quarters
|
|
15
Netflix
NFLX
$296B
| $1.55B | 1.51% |
34,062,490
+1,613,950
| +5% | +$68.7M |
2017 Q1
13 quarters
|
|
16
American Express
AXP
$211B
| $1.39B | 1.36% |
14,608,262
+569,150
| +4% | +$52.4M |
2013 Q2
28 quarters
|
|
17
Walmart Inc
WMT
$890B
| $1.32B | 1.29% |
33,129,471
+886,755
| +3% | +$36.5M |
2013 Q2
28 quarters
|
|
18
ASML
ASML
$678B
| $1.3B | 1.27% |
3,545,831
+92,254
| +3% | +$29M |
2013 Q2
28 quarters
|
|
19
Mastercard
MA
$522B
| $1.15B | 1.12% |
3,895,062
+335,057
| +9% | +$94.5M |
2013 Q2
28 quarters
|
|
20
SAP
SAP
$250B
| $1.11B | 1.08% |
7,938,340
+209,955
| +3% | +$25.9M |
2013 Q2
28 quarters
|
|
21
Novo Nordisk
NVO
$169B
| $1.01B | 0.99% |
30,965,664
+315,554
| +1% | +$10.1M |
2013 Q2
28 quarters
|
|
|
22
Walt Disney
DIS
$187B
| $1.01B | 0.99% |
9,086,531
+4,581,961
| +102% | +$506M |
2013 Q2
28 quarters
|
|
23
Costco
COST
$423B
| $995M | 0.97% |
3,282,895
+206,856
| +7% | +$62.9M |
2014 Q3
23 quarters
|
|
24
Cisco
CSCO
$453B
| $953M | 0.93% |
20,441,192
-528,300
| -3% | -$23.2M |
2013 Q2
28 quarters
|
|
25
Meta Platforms (Facebook)
META
$1.9T
| $940M | 0.92% |
4,139,683
+287,288
| +7% | +$60M |
2014 Q1
25 quarters
|
|
Similar funds
Fisher Asset Management's Q2 2020 Portfolio in Review
As of Q2 2020, Fisher Asset Management held 986 positions worth $102B, up 27% from $80.6B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Fisher Asset Management's Q2 2020 filing shows 120 new, 322 increased, 361 reduced and 84 closed positions. Its largest new stake was American Tower: 1,761,637 shares worth $455M. The largest sale was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes, an estimated $1.55B.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.
- Fisher Asset Management's largest Q2 2020 buy was American Tower: 1,761,637 shares worth $455M.
- Fisher Asset Management added most to NextEra Energy in Q2 2020, an estimated $703M increase.
- Fisher Asset Management's biggest Q2 2020 reduction was Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes, cutting an estimated $1.55B.
- Fisher Asset Management fully exited Weibo in Q2 2020, selling an estimated $116M.
- Fisher Asset Management's ten largest holdings make up 32% of its $102B portfolio in Q2 2020.
- Fisher Asset Management opened 120 new positions and closed 84 in Q2 2020.
- Fisher Asset Management's portfolio value rose 27% quarter-over-quarter to $102B.
Based on Fisher Asset Management's 13F filing for Q2 2020, filed 7 Aug 2020.