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 |
Citigroup
C
|
+$1.16B |
| 2 |
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
|
+$973M |
| 3 |
Boeing
BA
|
+$825M |
| 4 |
Booking.com
BKNG
|
+$807M |
| 5 |
Las Vegas Sands
LVS
|
+$507M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Microsoft
MSFT
|
+$1.06B |
| 3 |
Amazon
AMZN
|
+$1.01B |
| 4 |
Netflix
NFLX
|
+$835M |
| 5 |
Meta Platforms (Facebook)
META
|
+$745M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.7% |
| 2 | Miscellaneous | 17.76% |
| 3 | Financials | 11.65% |
| 4 | Consumer Discretionary | 9.35% |
| 5 | Healthcare | 9.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$4.91T
| $8.53B | 5.18% |
51,723,762
-8,151,122
| -14% | -$1.2B |
2013 Q2
39 quarters
|
|
|
2
Microsoft
MSFT
$3.97T
| $6.92B | 4.2% |
24,006,107
-4,165,496
| -15% | -$1.06B |
2013 Q2
39 quarters
|
|
3
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.7B
| $4.76B | 2.89% |
59,351,780
+3,239,798
| +6% | +$257M |
2013 Q2
39 quarters
|
|
4
Alphabet (Google) Class A
GOOGL
$4.3T
| $4.34B | 2.63% |
41,792,777
+126,188
| +0.3% | +$12.1M |
2015 Q4
29 quarters
|
|
|
5
Amazon
AMZN
$2.83T
| $4.14B | 2.51% |
40,082,749
-10,487,230
| -21% | -$1.01B |
2013 Q2
39 quarters
|
|
6
ASML
ASML
$684B
| $3.19B | 1.94% |
4,689,366
-33,954
| -0.7% | -$21.8M |
2013 Q2
39 quarters
|
|
7
Salesforce
CRM
$189B
| $2.7B | 1.64% |
13,512,167
-363,242
| -3% | -$61.4M |
2015 Q3
30 quarters
|
|
8
NVIDIA
NVDA
$5.54T
| $2.67B | 1.62% |
95,943,250
-4,422,010
| -4% | -$95.7M |
2017 Q4
21 quarters
|
|
9
Advanced Micro Devices
AMD
$993B
| $2.58B | 1.57% |
26,310,362
+425,318
| +2% | +$34.6M |
2020 Q1
12 quarters
|
|
10
Home Depot
HD
$290B
| $2.48B | 1.5% |
8,395,471
+107,697
| +1% | +$33M |
2013 Q2
39 quarters
|
|
11
TSMC
TSM
$2.35T
| $2.37B | 1.44% |
25,389,619
+971,844
| +4% | +$87.2M |
2013 Q2
39 quarters
|
|
12
Freeport-McMoran
FCX
$106B
| $2.2B | 1.34% |
53,896,870
+576,110
| +1% | +$24M |
2018 Q2
19 quarters
|
|
13
American Express
AXP
$208B
| $2.11B | 1.28% |
12,812,855
-1,698,617
| -12% | -$282M |
2013 Q2
39 quarters
|
|
14
Visa
V
$724B
| $1.89B | 1.15% |
8,391,484
+59,937
| +0.7% | +$13.3M |
2013 Q2
39 quarters
|
|
15
Adobe
ADBE
$94.3B
| $1.78B | 1.08% |
4,610,991
-459,308
| -9% | -$163M |
2018 Q3
18 quarters
|
|
16
Caterpillar
CAT
$368B
| $1.72B | 1.05% |
7,522,922
+132,306
| +2% | +$32M |
2013 Q2
39 quarters
|
|
17
Morgan Stanley
MS
$298B
| $1.7B | 1.03% |
19,323,644
+350,375
| +2% | +$32.7M |
2013 Q2
39 quarters
|
|
18
Oracle
ORCL
$429B
| $1.66B | 1.01% |
17,886,130
+140,897
| +0.8% | +$12.4M |
2013 Q2
39 quarters
|
|
19
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$27.6B
| $1.66B | 1.01% |
15,133,565
-390,049
| -3% | -$42.2M |
2013 Q2
39 quarters
|
|
20
Goldman Sachs
GS
$261B
| $1.65B | 1% |
5,049,707
+149,276
| +3% | +$52M |
2013 Q2
39 quarters
|
|
21
Lam Research
LRCX
$399B
| $1.43B | 0.87% |
27,007,220
+588,630
| +2% | +$28.9M |
2019 Q3
14 quarters
|
|
22
Eli Lilly
LLY
$1.05T
| $1.41B | 0.85% |
4,095,501
+101,303
| +3% | +$34.2M |
2013 Q4
37 quarters
|
|
23
Thermo Fisher Scientific
TMO
$243B
| $1.38B | 0.84% |
2,395,971
+44,874
| +2% | +$25.3M |
2019 Q2
15 quarters
|
|
|
24
Netflix
NFLX
$293B
| $1.35B | 0.82% |
39,102,430
-25,245,220
| -39% | -$835M |
2017 Q1
24 quarters
|
|
25
Merck
MRK
$359B
| $1.31B | 0.8% |
12,345,713
+165,927
| +1% | +$17.9M |
2013 Q2
39 quarters
|
|
Similar funds
Fisher Asset Management's Q1 2023 Portfolio in Review
As of Q1 2023, Fisher Asset Management held 1,208 positions worth $165B, up 11% from $148B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Fisher Asset Management's Q1 2023 filing shows 183 new, 335 increased, 567 reduced and 73 closed positions. Its largest new stake was State Street SPDR Portfolio Short Term Treasury ETF: 33,536,153 shares worth $980M. The largest sale was Apple, an estimated $1.2B.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 25% a quarter earlier, followed by Miscellaneous and Financials.
- Fisher Asset Management's largest Q1 2023 buy was State Street SPDR Portfolio Short Term Treasury ETF: 33,536,153 shares worth $980M.
- Fisher Asset Management added most to Citigroup in Q1 2023, an estimated $1.16B increase.
- Fisher Asset Management's biggest Q1 2023 reduction was Apple, cutting an estimated $1.2B.
- Fisher Asset Management fully exited SVB Financial Group in Q1 2023, selling an estimated $114M.
- Fisher Asset Management's ten largest holdings make up 26% of its $165B portfolio in Q1 2023.
- Fisher Asset Management opened 183 new positions and closed 73 in Q1 2023.
- Fisher Asset Management's portfolio value rose 11% quarter-over-quarter to $165B.
Based on Fisher Asset Management's 13F filing for Q1 2023, filed 1 May 2023.