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
|
+$715M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$350M |
| 3 |
NVIDIA
NVDA
|
+$223M |
| 4 |
Emerson Electric
EMR
|
+$173M |
| 5 |
Apple
AAPL
|
+$159M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wynn Resorts
WYNN
|
+$155M |
| 2 |
Blackrock
BLK
|
+$134M |
| 3 |
Expedia Group
EXPE
|
+$131M |
| 4 |
Haleon
HLN
|
+$130M |
| 5 |
Intuit
INTU
|
+$118M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.36% |
| 2 | Financials | 13.4% |
| 3 | Miscellaneous | 9.7% |
| 4 | Consumer Discretionary | 9.1% |
| 5 | Healthcare | 9.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$4.99T
| $14.8B | 5.91% |
59,290,044
+674,991
| +1% | +$159M |
2013 Q2
46 quarters
|
|
|
2
NVIDIA
NVDA
$5.25T
| $13.2B | 5.25% |
98,339,379
+1,618,672
| +2% | +$223M |
2017 Q4
28 quarters
|
|
3
Microsoft
MSFT
$4.01T
| $11.9B | 4.73% |
28,228,502
+324,052
| +1% | +$138M |
2013 Q2
46 quarters
|
|
4
Amazon
AMZN
$2.75T
| $9.91B | 3.94% |
45,159,737
+506,166
| +1% | +$104M |
2013 Q2
46 quarters
|
|
5
Alphabet (Google) Class A
GOOGL
$4.27T
| $9.58B | 3.81% |
50,615,038
+757,138
| +2% | +$132M |
2015 Q4
36 quarters
|
|
|
6
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.2B
| $7.45B | 2.96% |
92,783,951
+4,289,340
| +5% | +$350M |
2013 Q2
46 quarters
|
|
7
TSMC
TSM
$2.19T
| $5.6B | 2.23% |
28,351,950
-415,156
| -1% | -$80.3M |
2013 Q2
46 quarters
|
|
8
Broadcom
AVGO
$1.64T
| $5.54B | 2.21% |
23,903,319
+480,538
| +2% | +$88.9M |
2017 Q4
28 quarters
|
|
|
9
iShares 7-10 Year Treasury Bond ETF
IEF
$41.7B
| $4.55B | 1.81% |
49,220,000
+7,566,487
| +18% | +$715M |
2021 Q1
15 quarters
|
|
10
Walmart Inc
WMT
$935B
| $4.41B | 1.75% |
48,793,045
+1,133,201
| +2% | +$98.3M |
2013 Q2
46 quarters
|
|
11
JPMorgan Chase
JPM
$891B
| $4.17B | 1.66% |
17,401,436
+617,164
| +4% | +$144M |
2013 Q2
46 quarters
|
|
12
Salesforce
CRM
$203B
| $4.16B | 1.66% |
12,453,872
+177,321
| +1% | +$56.6M |
2015 Q3
37 quarters
|
|
13
Eli Lilly
LLY
$1.12T
| $4.04B | 1.61% |
5,236,108
+178,007
| +4% | +$147M |
2013 Q4
44 quarters
|
|
14
Netflix
NFLX
$302B
| $4.04B | 1.61% |
45,274,460
+455,070
| +1% | +$37.5M |
2017 Q1
31 quarters
|
|
15
Meta Platforms (Facebook)
META
$1.88T
| $3.91B | 1.56% |
6,675,174
+110,040
| +2% | +$64.6M |
2014 Q1
43 quarters
|
|
16
Home Depot
HD
$308B
| $3.72B | 1.48% |
9,552,090
+125,441
| +1% | +$51.2M |
2013 Q2
46 quarters
|
|
17
Goldman Sachs
GS
$260B
| $3.52B | 1.4% |
6,155,336
+112,696
| +2% | +$62.9M |
2013 Q2
46 quarters
|
|
18
Caterpillar
CAT
$338B
| $3.29B | 1.31% |
9,081,775
+129,143
| +1% | +$50.1M |
2013 Q2
46 quarters
|
|
19
ExxonMobil
XOM
$718B
| $3.21B | 1.28% |
29,831,569
+634,012
| +2% | +$74.2M |
2013 Q2
46 quarters
|
|
20
Procter & Gamble
PG
$365B
| $3.13B | 1.25% |
18,692,813
+312,203
| +2% | +$53.2M |
2013 Q2
46 quarters
|
|
21
Visa
V
$750B
| $3.08B | 1.23% |
9,758,703
+173,990
| +2% | +$52.3M |
2013 Q2
46 quarters
|
|
22
Oracle
ORCL
$408B
| $3B | 1.19% |
17,995,664
+97,635
| +0.5% | +$17.3M |
2013 Q2
46 quarters
|
|
23
Advanced Micro Devices
AMD
$918B
| $2.91B | 1.16% |
24,086,020
+290,784
| +1% | +$41.8M |
2020 Q1
19 quarters
|
|
24
Chevron
CVX
$430B
| $2.88B | 1.15% |
19,892,848
+410,460
| +2% | +$62.8M |
2013 Q2
46 quarters
|
|
25
Morgan Stanley
MS
$286B
| $2.87B | 1.14% |
22,833,937
+428,956
| +2% | +$52.8M |
2013 Q2
46 quarters
|
|
Similar funds
Fisher Asset Management's Q4 2024 Portfolio in Review
As of Q4 2024, Fisher Asset Management held 1,024 positions worth $251B, up 3% from $244B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Fisher Asset Management's Q4 2024 filing shows 105 new, 508 increased, 309 reduced and 49 closed positions. Its largest new stake was Mercury Systems: 395,265 shares worth $16.6M. The largest sale was Wynn Resorts, an estimated $155M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 30% a quarter earlier, followed by Financials and Miscellaneous.
- Fisher Asset Management's largest Q4 2024 buy was Mercury Systems: 395,265 shares worth $16.6M.
- Fisher Asset Management added most to iShares 7-10 Year Treasury Bond ETF in Q4 2024, an estimated $715M increase.
- Fisher Asset Management's biggest Q4 2024 reduction was Wynn Resorts, cutting an estimated $155M.
- Fisher Asset Management fully exited Marathon Oil Corporation in Q4 2024, selling an estimated $76.8M.
- Fisher Asset Management's ten largest holdings make up 35% of its $251B portfolio in Q4 2024.
- Fisher Asset Management opened 105 new positions and closed 49 in Q4 2024.
- Fisher Asset Management's portfolio value rose 3% quarter-over-quarter to $251B.
Based on Fisher Asset Management's 13F filing for Q4 2024, filed 5 Feb 2025.