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 7-10 Year Treasury Bond ETF
IEF
|
+$1.03B |
| 2 |
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
|
+$692M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$542M |
| 4 |
Apple
AAPL
|
+$197M |
| 5 |
Amazon
AMZN
|
+$157M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MBS ETF
MBB
|
+$853M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$225M |
| 3 |
Xtrackers USD High Yield Corporate Bond ETF
HYLB
|
+$215M |
| 4 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$153M |
| 5 |
TSMC
TSM
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.67% |
| 2 | Miscellaneous | 16.24% |
| 3 | Financials | 12.35% |
| 4 | Consumer Discretionary | 11.76% |
| 5 | Healthcare | 9.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$4.91T
| $7.67B | 5.4% |
62,813,919
+1,538,571
| +3% | +$197M |
2013 Q2
31 quarters
|
|
2
Microsoft
MSFT
$3.97T
| $5.66B | 3.98% |
23,989,868
+595,997
| +3% | +$138M |
2013 Q2
31 quarters
|
|
|
3
Amazon
AMZN
$2.83T
| $5.62B | 3.96% |
36,319,460
+987,500
| +3% | +$157M |
2013 Q2
31 quarters
|
|
4
Visa
V
$724B
| $4.84B | 3.41% |
22,860,315
+639,826
| +3% | +$135M |
2013 Q2
31 quarters
|
|
|
5
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.7B
| $4.19B | 2.95% |
44,987,306
+5,699,417
| +15% | +$542M |
2013 Q2
31 quarters
|
|
6
Alphabet (Google) Class A
GOOGL
$4.3T
| $3.54B | 2.5% |
34,368,420
+959,880
| +3% | +$94.7M |
2015 Q4
21 quarters
|
|
7
Alibaba
BABA
$277B
| $3.15B | 2.22% |
13,901,532
-44,297
| -0.3% | -$10.9M |
2015 Q2
23 quarters
|
|
|
8
TSMC
TSM
$2.35T
| $3.15B | 2.22% |
26,640,171
-999,956
| -4% | -$124M |
2013 Q2
31 quarters
|
|
9
Adobe
ADBE
$94.3B
| $2.85B | 2.01% |
5,997,600
+179,417
| +3% | +$83.9M |
2018 Q3
10 quarters
|
|
10
Salesforce
CRM
$189B
| $2.74B | 1.93% |
12,952,985
+460,821
| +4% | +$103M |
2015 Q3
22 quarters
|
|
11
PayPal
PYPL
$47.5B
| $2.69B | 1.89% |
11,064,772
+384,327
| +4% | +$97M |
2015 Q3
22 quarters
|
|
12
ASML
ASML
$684B
| $2.45B | 1.72% |
3,960,706
+105,508
| +3% | +$58.5M |
2013 Q2
31 quarters
|
|
13
American Express
AXP
$208B
| $2.15B | 1.51% |
15,184,174
+201,874
| +1% | +$26.7M |
2013 Q2
31 quarters
|
|
14
Home Depot
HD
$290B
| $2.15B | 1.51% |
7,033,184
+187,160
| +3% | +$51.6M |
2013 Q2
31 quarters
|
|
15
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$27.6B
| $2.03B | 1.43% |
15,596,962
+854,403
| +6% | +$114M |
2013 Q2
31 quarters
|
|
16
Netflix
NFLX
$293B
| $2B | 1.41% |
38,331,970
+1,354,440
| +4% | +$71.8M |
2017 Q1
16 quarters
|
|
17
Intel
INTC
$553B
| $1.93B | 1.36% |
30,195,139
+994,605
| +3% | +$59.3M |
2013 Q2
31 quarters
|
|
18
Walt Disney
DIS
$187B
| $1.91B | 1.34% |
10,344,169
+455,393
| +5% | +$84M |
2013 Q2
31 quarters
|
|
19
Walmart Inc
WMT
$883B
| $1.66B | 1.17% |
36,644,430
+1,154,346
| +3% | +$53.5M |
2013 Q2
31 quarters
|
|
20
Caterpillar
CAT
$368B
| $1.49B | 1.05% |
6,414,634
+226,607
| +4% | +$46.9M |
2013 Q2
31 quarters
|
|
21
Mastercard
MA
$516B
| $1.47B | 1.03% |
4,120,166
+134,311
| +3% | +$46.9M |
2013 Q2
31 quarters
|
|
22
Freeport-McMoran
FCX
$106B
| $1.46B | 1.03% |
44,298,584
+1,440,759
| +3% | +$46.7M |
2018 Q2
11 quarters
|
|
23
Meta Platforms (Facebook)
META
$1.83T
| $1.4B | 0.99% |
4,751,259
+132,078
| +3% | +$35.6M |
2014 Q1
28 quarters
|
|
24
Costco
COST
$420B
| $1.28B | 0.9% |
3,631,479
+100,779
| +3% | +$35.1M |
2014 Q3
26 quarters
|
|
25
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $1.13B | 0.8% |
13,723,542
-216,922
| -2% | -$17.8M |
2013 Q2
31 quarters
|
|
Similar funds
Fisher Asset Management's Q1 2021 Portfolio in Review
As of Q1 2021, Fisher Asset Management held 1,105 positions worth $142B, up 6.4% from $133B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fisher Asset Management's Q1 2021 filing shows 95 new, 327 increased, 470 reduced and 106 closed positions. Its largest new stake was iShares 7-10 Year Treasury Bond ETF: 8,801,434 shares worth $994M. The largest sale was iShares MBS ETF, an estimated $853M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Miscellaneous and Financials.
- Fisher Asset Management's largest Q1 2021 buy was iShares 7-10 Year Treasury Bond ETF: 8,801,434 shares worth $994M.
- Fisher Asset Management added most to State Street SPDR Portfolio Long Term Treasury ETF in Q1 2021, an estimated $692M increase.
- Fisher Asset Management's biggest Q1 2021 reduction was iShares MBS ETF, cutting an estimated $853M.
- Fisher Asset Management fully exited Mid-America Apartment Communities in Q1 2021, selling an estimated $38.3M.
- Fisher Asset Management's ten largest holdings make up 31% of its $142B portfolio in Q1 2021.
- Fisher Asset Management opened 95 new positions and closed 106 in Q1 2021.
- Fisher Asset Management's portfolio value rose 6.4% quarter-over-quarter to $142B.
Based on Fisher Asset Management's 13F filing for Q1 2021, filed 27 Apr 2021.