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 |
Procter & Gamble
PG
|
+$784M |
| 2 |
PepsiCo
PEP
|
+$635M |
| 3 |
UnitedHealth
UNH
|
+$599M |
| 4 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$376M |
| 5 |
JPMorgan Chase
JPM
|
+$359M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$510M |
| 2 |
Hess
HES
|
+$465M |
| 3 |
Uber
UBER
|
+$413M |
| 4 |
SLB Ltd
SLB
|
+$404M |
| 5 |
PayPal
PYPL
|
+$354M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.71% |
| 2 | Miscellaneous | 17.12% |
| 3 | Financials | 10.93% |
| 4 | Healthcare | 9.92% |
| 5 | Consumer Discretionary | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.99T
| $9.18B | 5.21% |
53,634,713
+878,492
| +2% | +$161M |
2013 Q2
41 quarters
|
|
2
Microsoft
MSFT
$4.01T
| $7.89B | 4.47% |
24,978,283
+560,745
| +2% | +$185M |
2013 Q2
41 quarters
|
|
3
Alphabet (Google) Class A
GOOGL
$4.27T
| $5.72B | 3.25% |
43,748,814
+1,032,050
| +2% | +$134M |
2015 Q4
31 quarters
|
|
4
Amazon
AMZN
$2.75T
| $5.26B | 2.98% |
41,353,218
+675,381
| +2% | +$90.5M |
2013 Q2
41 quarters
|
|
|
5
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.2B
| $5.22B | 2.96% |
68,659,512
+4,827,304
| +8% | +$376M |
2013 Q2
41 quarters
|
|
6
NVIDIA
NVDA
$5.25T
| $3.63B | 2.06% |
83,497,360
-2,588,940
| -3% | -$116M |
2017 Q4
23 quarters
|
|
7
Salesforce
CRM
$203B
| $2.87B | 1.63% |
14,168,476
+279,320
| +2% | +$60.4M |
2015 Q3
32 quarters
|
|
8
ASML
ASML
$637B
| $2.87B | 1.63% |
4,872,163
+90,496
| +2% | +$60.1M |
2013 Q2
41 quarters
|
|
9
Advanced Micro Devices
AMD
$918B
| $2.86B | 1.62% |
27,768,188
+798,237
| +3% | +$86.7M |
2020 Q1
14 quarters
|
|
10
TSMC
TSM
$2.19T
| $2.66B | 1.51% |
30,637,393
+1,079,574
| +4% | +$102M |
2013 Q2
41 quarters
|
|
11
Home Depot
HD
$308B
| $2.6B | 1.47% |
8,606,415
+68,312
| +0.8% | +$22M |
2013 Q2
41 quarters
|
|
12
Eli Lilly
LLY
$1.12T
| $2.39B | 1.36% |
4,457,074
+220,032
| +5% | +$113M |
2013 Q4
39 quarters
|
|
13
Adobe
ADBE
$97.9B
| $2.32B | 1.31% |
4,543,707
-267,471
| -6% | -$140M |
2018 Q3
20 quarters
|
|
14
Caterpillar
CAT
$338B
| $2.17B | 1.23% |
7,965,932
+241,626
| +3% | +$65.5M |
2013 Q2
41 quarters
|
|
15
Freeport-McMoran
FCX
$101B
| $2.04B | 1.16% |
54,680,244
-148,955
| -0.3% | -$6M |
2018 Q2
21 quarters
|
|
16
Visa
V
$750B
| $2.01B | 1.14% |
8,733,412
+189,300
| +2% | +$45.5M |
2013 Q2
41 quarters
|
|
17
Oracle
ORCL
$408B
| $1.99B | 1.13% |
18,785,307
+251,050
| +1% | +$29.1M |
2013 Q2
41 quarters
|
|
18
Lam Research
LRCX
$347B
| $1.81B | 1.03% |
28,867,950
+745,200
| +3% | +$49M |
2019 Q3
16 quarters
|
|
19
Goldman Sachs
GS
$260B
| $1.74B | 0.98% |
5,365,561
+173,807
| +3% | +$58.1M |
2013 Q2
41 quarters
|
|
20
Broadcom
AVGO
$1.64T
| $1.7B | 0.97% |
20,519,470
+952,790
| +5% | +$82.6M |
2017 Q4
23 quarters
|
|
|
21
JPMorgan Chase
JPM
$891B
| $1.65B | 0.94% |
11,386,800
+2,392,576
| +27% | +$359M |
2013 Q2
41 quarters
|
|
22
Morgan Stanley
MS
$286B
| $1.61B | 0.91% |
19,733,279
-182,649
| -0.9% | -$15.9M |
2013 Q2
41 quarters
|
|
23
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.4B
| $1.56B | 0.88% |
15,271,529
+150,239
| +1% | +$15.8M |
2013 Q2
41 quarters
|
|
24
American Express
AXP
$212B
| $1.56B | 0.88% |
10,433,866
-1,088,188
| -9% | -$178M |
2013 Q2
41 quarters
|
|
25
Costco
COST
$433B
| $1.53B | 0.87% |
2,709,082
+52,278
| +2% | +$28.9M |
2014 Q3
36 quarters
|
|
Similar funds
Fisher Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fisher Asset Management held 1,293 positions worth $176B, down 2.5% from $181B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Fisher Asset Management's Q3 2023 filing shows 130 new, 437 increased, 474 reduced and 125 closed positions. Its largest new stake was Murphy Oil: 991,976 shares worth $45M. The largest sale was ExxonMobil, an estimated $510M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Miscellaneous and Financials.
- Fisher Asset Management's largest Q3 2023 buy was Murphy Oil: 991,976 shares worth $45M.
- Fisher Asset Management added most to Procter & Gamble in Q3 2023, an estimated $784M increase.
- Fisher Asset Management's biggest Q3 2023 reduction was ExxonMobil, cutting an estimated $510M.
- Fisher Asset Management fully exited PDC Energy, Inc. in Q3 2023, selling an estimated $78.7M.
- Fisher Asset Management's ten largest holdings make up 27% of its $176B portfolio in Q3 2023.
- Fisher Asset Management opened 130 new positions and closed 125 in Q3 2023.
- Fisher Asset Management's portfolio value fell 2.5% quarter-over-quarter to $176B.
Based on Fisher Asset Management's 13F filing for Q3 2023, filed 13 Nov 2023.