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 |
ExxonMobil
XOM
|
+$1.18B |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$340M |
| 3 |
Coca-Cola
KO
|
+$280M |
| 4 |
NVIDIA
NVDA
|
+$274M |
| 5 |
iShares US Pharmaceuticals ETF
IHE
|
+$209M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$828M |
| 2 |
ABB
ABB Ltd
ABB
|
+$679M |
| 3 |
NextEra Energy
NEE
|
+$553M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$231M |
| 5 |
PepsiCo
PEP
|
+$224M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30% |
| 2 | Financials | 12.45% |
| 3 | Miscellaneous | 11.73% |
| 4 | Consumer Discretionary | 10.07% |
| 5 | Healthcare | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.91T
| $10.5B | 5.57% |
54,702,300
+1,067,587
| +2% | +$197M |
2013 Q2
42 quarters
|
|
2
Microsoft
MSFT
$3.97T
| $9.54B | 5.05% |
25,381,692
+403,409
| +2% | +$144M |
2013 Q2
42 quarters
|
|
3
Amazon
AMZN
$2.83T
| $6.35B | 3.36% |
41,781,324
+428,106
| +1% | +$60M |
2013 Q2
42 quarters
|
|
4
Alphabet (Google) Class A
GOOGL
$4.3T
| $6.31B | 3.34% |
45,178,075
+1,429,261
| +3% | +$192M |
2015 Q4
32 quarters
|
|
|
5
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.7B
| $5.94B | 3.14% |
73,066,770
+4,407,258
| +6% | +$340M |
2013 Q2
42 quarters
|
|
|
6
NVIDIA
NVDA
$5.54T
| $4.43B | 2.34% |
89,419,350
+5,921,990
| +7% | +$274M |
2017 Q4
24 quarters
|
|
7
Advanced Micro Devices
AMD
$993B
| $4.18B | 2.21% |
28,338,223
+570,035
| +2% | +$67.2M |
2020 Q1
15 quarters
|
|
8
Salesforce
CRM
$189B
| $3.92B | 2.07% |
14,905,462
+736,986
| +5% | +$167M |
2015 Q3
33 quarters
|
|
9
ASML
ASML
$684B
| $3.76B | 1.99% |
4,967,958
+95,795
| +2% | +$63.3M |
2013 Q2
42 quarters
|
|
10
TSMC
TSM
$2.35T
| $3.23B | 1.71% |
31,060,369
+422,976
| +1% | +$40.3M |
2013 Q2
42 quarters
|
|
11
Home Depot
HD
$290B
| $3.05B | 1.61% |
8,790,895
+184,480
| +2% | +$57.1M |
2013 Q2
42 quarters
|
|
12
Adobe
ADBE
$94.3B
| $2.72B | 1.44% |
4,553,911
+10,204
| +0.2% | +$5.89M |
2018 Q3
21 quarters
|
|
13
Eli Lilly
LLY
$1.05T
| $2.65B | 1.4% |
4,542,089
+85,015
| +2% | +$49.6M |
2013 Q4
40 quarters
|
|
14
Caterpillar
CAT
$368B
| $2.41B | 1.27% |
8,139,040
+173,108
| +2% | +$44.9M |
2013 Q2
42 quarters
|
|
15
Broadcom
AVGO
$1.73T
| $2.38B | 1.26% |
21,292,370
+772,900
| +4% | +$73.2M |
2017 Q4
24 quarters
|
|
16
Freeport-McMoran
FCX
$106B
| $2.37B | 1.25% |
55,656,836
+976,592
| +2% | +$36.1M |
2018 Q2
22 quarters
|
|
17
Lam Research
LRCX
$399B
| $2.33B | 1.23% |
29,735,160
+867,210
| +3% | +$59.1M |
2019 Q3
17 quarters
|
|
18
Visa
V
$724B
| $2.32B | 1.23% |
8,900,179
+166,767
| +2% | +$41.1M |
2013 Q2
42 quarters
|
|
19
Goldman Sachs
GS
$261B
| $2.13B | 1.13% |
5,516,093
+150,532
| +3% | +$50.2M |
2013 Q2
42 quarters
|
|
20
JPMorgan Chase
JPM
$885B
| $2.01B | 1.06% |
11,836,898
+450,098
| +4% | +$68.2M |
2013 Q2
42 quarters
|
|
21
Netflix
NFLX
$293B
| $2B | 1.06% |
41,156,130
+728,070
| +2% | +$31.8M |
2017 Q1
27 quarters
|
|
22
Intuit
INTU
$80.9B
| $1.95B | 1.03% |
3,114,975
+270,432
| +10% | +$149M |
2017 Q3
25 quarters
|
|
23
Oracle
ORCL
$429B
| $1.94B | 1.03% |
18,421,284
-364,023
| -2% | -$39.7M |
2013 Q2
42 quarters
|
|
24
Meta Platforms (Facebook)
META
$1.83T
| $1.93B | 1.02% |
5,449,850
+407,412
| +8% | +$133M |
2014 Q1
39 quarters
|
|
25
Morgan Stanley
MS
$298B
| $1.89B | 1% |
20,228,334
+495,055
| +3% | +$39.6M |
2013 Q2
42 quarters
|
|
Similar funds
Fisher Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fisher Asset Management held 1,269 positions worth $189B, up 7.3% from $176B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fisher Asset Management withdrew a net $8.48B in Q4 2023, closing 288 positions and reducing 487 holdings. Its most notable exit was SIEMENS AKTIENGESELLSCHAFT ADS, an estimated $828M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Miscellaneous.
Against the trend, Fisher Asset Management opened a new position in Veralto worth $93.6M.
- Fisher Asset Management's largest Q4 2023 buy was Veralto: 1,137,890 shares worth $93.6M.
- Fisher Asset Management added most to ExxonMobil in Q4 2023, an estimated $1.18B increase.
- Fisher Asset Management's biggest Q4 2023 reduction was NextEra Energy, cutting an estimated $553M.
- Fisher Asset Management fully exited SIEMENS AKTIENGESELLSCHAFT ADS in Q4 2023, selling an estimated $828M.
- Fisher Asset Management's ten largest holdings make up 31% of its $189B portfolio in Q4 2023.
- Fisher Asset Management opened 101 new positions and closed 288 in Q4 2023.
- Fisher Asset Management's portfolio value rose 7.3% quarter-over-quarter to $189B.
Based on Fisher Asset Management's 13F filing for Q4 2023, filed 6 Feb 2024.