Asset manager

Fisher Asset Management, LLC

13F for the quarter to June 30, 2026, filed August 4, 2026 · SEC CIK 850529

Reported value: $335.8bn
Positions we cover: 749
Copy, a year: +15.5%
Copy Sharpe ratio: 0.81

How copying its 13F would have done

CopyS&P 500 $10,000 copying Fisher Asset Management, LLC's filed holdings in companies we cover from July 19, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −31.2% (S&P 500 −31.8%); beta 1.03; alpha +1.3% a year (t = 1.09); last 12 months +12.0% against +12.1%.

Reported value by quarter

Fisher Asset Management, LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$38.5B
2013-09-30	$40.6B
2013-12-31	$44.1B
2014-03-31	$44.3B
2014-06-30	$47.6B
2014-09-30	$46.9B
2014-12-31	$48.4B
2015-03-31	$50B
2015-06-30	$51.4B
2015-09-30	$48B
2015-12-31	$51.9B
2016-03-31	$52.6B
2016-06-30	$53.9B
2016-09-30	$56.3B
2016-12-31	$57.4B
2017-03-31	$62.4B
2017-06-30	$66.3B
2017-09-30	$71.3B
2017-12-31	$76.6B
2018-03-31	$75.4B
2018-06-30	$77B
2018-09-30	$82.4B
2018-12-31	$73.2B
2019-03-31	$85.3B
2019-06-30	$90.5B
2019-09-30	$91.1B
2019-12-31	$99B
2020-03-31	$80.6B
2020-06-30	$102.5B
2020-09-30	$114.3B
2020-12-31	$133.5B
2021-03-31	$142B
2021-06-30	$159.3B
2021-09-30	$161B
2021-12-31	$178.6B
2022-03-31	$169.5B
2022-06-30	$141.3B
2022-09-30	$133.4B
2022-12-31	$147.9B
2023-03-31	$164.7B
2023-06-30	$180.9B
2023-09-30	$176.3B
2023-12-31	$189.1B
2024-03-31	$214.1B
2024-06-30	$229.9B
2024-09-30	$244B
2024-12-31	$251.3B
2025-03-31	$231B
2025-06-30	$251.9B
2025-09-30	$276.3B
2025-12-31	$293B
2026-03-31	$294.9B
2026-06-30	$335.8B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	5.42%	$18.2bn	90.94M	+2.7% Added
AAPLApple Inc.	4.96%	$16.7bn	57.61M	+2.1% Added
GOOGLAlphabet Inc. (Class A)	4.26%	$14.3bn	39.99M	+2.4% Added
CATCaterpillar Inc.	3.15%	$10.6bn	9.94M	+1.7% Added
MSFTMicrosoft Corporation	2.96%	$9.9bn	26.61M	+2.6% Added
ASMLAsml Holding NV	2.81%	$9.4bn	4.74M	+3.0% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	2.68%	$9.0bn	18.87M	+1.3% Added
AMZNAmazon	2.48%	$8.3bn	34.98M	+2.3% Added
GSGoldman Sachs	2.10%	$7.0bn	6.96M	+2.0% Added
LLYLilly (Eli)	1.81%	$6.1bn	5.06M	+4.6% Added
AVGOBroadcom	1.70%	$5.7bn	15.13M	+3.0% Added
JPMJPMorgan Chase	1.70%	$5.7bn	17.43M	+2.4% Added
MSMorgan Stanley	1.63%	$5.5bn	26.17M	+2.2% Added
CCitigroup	1.52%	$5.1bn	36.46M	+3.5% Added
MRKMerck & Co.	1.47%	$4.9bn	38.52M	+45.7% Added
WMTWalmart	1.40%	$4.7bn	41.49M	+1.3% Added
RTXRTX Corporation	1.29%	$4.3bn	22.87M	+2.8% Added
GEGE Aerospace	1.29%	$4.3bn	11.59M	+73850.5% Added
FCXFreeport-McMoRan	1.25%	$4.2bn	66.92M	+2.8% Added
GEVGE Vernova	1.25%	$4.2bn	3.56M	+90036.2% Added
CSCOCisco	1.17%	$3.9bn	33.41M	+93.1% Added
METAMeta Platforms	1.14%	$3.8bn	6.79M	+1.6% Added
UNHUnitedHealth Group	1.12%	$3.8bn	9.08M	+73.4% Added
HDThe Home Depot	1.09%	$3.7bn	10.36M	+0.7% Added
JNJJohnson & Johnson	1.01%	$3.4bn	13.31M	+43.6% Added
BACBank of America	1.00%	$3.4bn	59.22M	+3.3% Added
UBSUBS Group AG	0.96%	$3.2bn	64.92M	−1.7% Reduced
AXPAmerican Express	0.95%	$3.2bn	9.43M	+1.9% Added
COSTCostco	0.91%	$3.0bn	3.25M	+1.0% Added
CVXChevron Corporation	0.82%	$2.8bn	16.66M	−23.9% Reduced
PFEPfizer	0.78%	$2.6bn	109.07M	+3.9% Added
VVisa Inc.	0.78%	$2.6bn	7.65M	+0.8% Added
CMICummins	0.76%	$2.6bn	3.60M	+2.8% Added
ABBVAbbVie	0.71%	$2.4bn	9.50M	+4.5% Added
SAPSAP SE	0.69%	$2.3bn	14.93M	+2.7% Added
MAMastercard	0.67%	$2.2bn	4.36M	−1.1% Reduced
SHELShell plc	0.64%	$2.1bn	27.63M	+0.6% Added
AZNAstrazeneca PLC	0.63%	$2.1bn	11.15M	+2.8% Added
BHPBHP Group Ltd	0.60%	$2.0bn	24.34M	+2.0% Added
SCHWCharles Schwab Corporation	0.60%	$2.0bn	21.95M	−1.2% Reduced
DEDeere & Company	0.60%	$2.0bn	3.18M	+5.0% Added
PANWPalo Alto Networks	0.58%	$2.0bn	5.76M	+2142.6% Added
ORCLOracle Corporation	0.58%	$1.9bn	13.26M	+38.7% Added
GSKGSK plc	0.56%	$1.9bn	35.72M	+3.5% Added
UNPUnion Pacific Corporation	0.53%	$1.8bn	6.58M	+1.1% Added
HSBCHsbc Holdings PLC	0.53%	$1.8bn	18.57M	+2.0% Added
PGProcter & Gamble	0.49%	$1.6bn	11.24M	+2.0% Added
JCIJohnson Controls	0.47%	$1.6bn	10.77M	−38.6% Reduced
ISRGIntuitive Surgical	0.46%	$1.6bn	3.92M	+1.7% Added
ULUnilever PLC	0.44%	$1.5bn	24.69M	+16.1% Added
TMOThermo Fisher Scientific	0.43%	$1.5bn	2.92M	+2.2% Added
RYRoyal Bank Of Canada	0.43%	$1.5bn	7.06M	+5.2% Added
NFLXNetflix	0.43%	$1.5bn	20.42M	+0.4%
EMREmerson Electric	0.40%	$1.3bn	9.43M	+11.2% Added
BLKBlackRock	0.40%	$1.3bn	1.40M	−21.2% Reduced
CSXCSX Corporation	0.40%	$1.3bn	28.04M	+2.9% Added
BABoeing	0.39%	$1.3bn	6.06M	+3.5% Added
SBUXStarbucks	0.38%	$1.3bn	12.59M	+2.8% Added
SPOTSpotify Technology S.a.	0.37%	$1.2bn	2.67M	+3.3% Added
TMToyota Motor Corp/	0.36%	$1.2bn	7.20M	+1.9% Added
PEPPepsiCo	0.35%	$1.2bn	8.68M	+2.0% Added
ITWIllinois Tool Works	0.31%	$1.0bn	3.83M	+1.5% Added
BUDAnheuser-busch Inbev SA	0.31%	$1.0bn	12.45M	+4.5% Added
CARRCarrier Global	0.28%	$957.0m	13.05M	+0.1%
COFCapital One	0.27%	$905.9m	4.52M	−31.4% Reduced
DHRDanaher Corporation	0.25%	$854.3m	4.48M	−2.6% Reduced
TTTrane Technologies	0.25%	$844.9m	1.72M	−7.6% Reduced
NOWServiceNow	0.24%	$796.1m	8.02M	−0.2%
PCARPaccar	0.18%	$614.6m	5.12M	+0.2%
CRMSalesforce	0.18%	$600.4m	3.83M	−1.5% Reduced
AMGNAmgen	0.17%	$575.6m	1.59M	+0.7% Added
IRIngersoll Rand	0.17%	$555.9m	6.78M	−6.0% Reduced
KOThe Coca-Cola Company	0.16%	$529.7m	6.52M	+0.8% Added
PHParker Hannifin	0.15%	$517.3m	528.8K	+3.8% Added
BABAAlibaba Group Holding Ltd	0.15%	$489.2m	5.10M	−0.5% Reduced
SCCOSouthern Copper Corp/	0.14%	$486.1m	2.79M	+20.8% Added
ROKRockwell Automation	0.14%	$475.0m	959.4K	+3.5% Added
NVONovo Nordisk A S	0.12%	$399.1m	8.32M	−7.7% Reduced
NSCNorfolk Southern	0.11%	$377.6m	1.20M	+3.9% Added
DOVDover Corporation	0.11%	$355.7m	1.59M	−0.6% Reduced
AMDAdvanced Micro Devices	0.10%	$343.2m	590.8K	−4.0% Reduced
VALEVale S.a.	0.10%	$341.4m	22.70M	+0.8% Added
CMCanadian Imperial Bank Of Commerce	0.10%	$323.2m	2.81M	+10.5% Added
AMATApplied Materials	0.10%	$318.4m	440.4K	+4.3% Added
CPCanadian Pacific Kansas City LTD	0.09%	$308.4m	3.56M	−42.6% Reduced
HDBHdfc Bank LTD	0.09%	$301.4m	11.67M	−4.6% Reduced
USBU.S. Bancorp	0.09%	$284.5m	4.71M	−3.4% Reduced
MYRGMYR Group Inc.	0.07%	$237.3m	474.3K	−9.0% Reduced
HMCHonda Motor Co LTD	0.06%	$212.0m	7.82M	−22.5% Reduced
POWLPowell Industries Inc	0.06%	$209.5m	731.6K	+184.8% Added
MRVLMarvell Technology	0.06%	$203.3m	682.4K	−8.9% Reduced
SUSuncor Energy Inc	0.06%	$202.2m	3.77M	−79.2% Reduced
ASXASE Technology Holding Co., Ltd.	0.06%	$198.6m	4.40M	−8.4% Reduced
INTUIntuit	0.06%	$198.5m	760.4K	−62.6% Reduced
SANMSanmina Corp	0.06%	$194.3m	767.7K	−7.9% Reduced
QCOMQualcomm	0.06%	$187.9m	1.02M	−5.6% Reduced
ONTOOnto Innovation Inc.	0.06%	$186.1m	491.8K	−24.3% Reduced
BBDBank Bradesco	0.05%	$178.7m	51.50M	−3.3% Reduced
ATIATI Inc	0.05%	$171.9m	872.4K	−5.6% Reduced
IEXIDEX Corporation	0.05%	$169.9m	748.8K	+5.7% Added
AMKRAmkor Technology, Inc.	0.05%	$157.1m	1.82M	−9.4% Reduced
LRCXLam Research	0.04%	$148.2m	342.1K	−4.9% Reduced
MTRNMaterion Corp	0.04%	$147.3m	495.2K	+12.0% Added
NTESNetease, Inc.	0.04%	$146.8m	1.15M	−0.2%
CRSCarpenter Technology Corp	0.04%	$146.1m	236.8K	−4.5% Reduced
EVREvercore Inc.	0.04%	$144.7m	423.9K	−0.2%
LINLinde plc	0.04%	$140.2m	270.1K	+2.3% Added
PBRPetrobras - Petroleo Brasileiro SA	0.04%	$135.7m	8.39M	−29.0% Reduced
AMTAmerican Tower	0.04%	$135.5m	828.6K	−52.3% Reduced
NUNu Holdings Ltd.	0.04%	$133.7m	10.01M	−4.0% Reduced
TEXTerex Corp	0.04%	$133.2m	1.84M	−2.9% Reduced
RLRalph Lauren Corporation	0.04%	$132.0m	328.8K	−1.9% Reduced
FLSFlowserve Corp	0.04%	$130.9m	1.77M	−0.7% Reduced
MELIMercadolibre Inc	0.04%	$129.3m	76.2K	−3.8% Reduced
VECOVeeco Instruments Inc	0.04%	$128.0m	1.69M	−22.2% Reduced
SYKStryker Corporation	0.04%	$124.6m	395.8K	−13.7% Reduced
HEIHeico Corp	0.04%	$122.7m	344.6K	+3.0% Added
AYIAcuity Inc. (de)	0.04%	$122.6m	325.6K	−2.4% Reduced
URBNUrban Outfitters Inc	0.03%	$115.7m	1.63M	−2.9% Reduced
MRCYMercury Systems Inc	0.03%	$115.5m	944.1K	−3.7% Reduced
SFStifel Financial Corp	0.03%	$115.3m	1.65M	−2.1% Reduced
RRXRegal Rexnord Corp	0.03%	$114.7m	481.5K	−1.8% Reduced
AEISAdvanced Energy Industries Inc	0.03%	$113.5m	304.5K	−11.5% Reduced
LECOLincoln Electric Holdings Inc	0.03%	$110.3m	415.4K	−1.1% Reduced
COHRCoherent Corp.	0.03%	$102.5m	259.8K	−23.6% Reduced
ETNEaton Corporation	0.03%	$99.6m	233.7K	+3.8% Added
KLACKLA Corporation	0.03%	$98.7m	327.1K	+975.6% Added
COPConocoPhillips	0.03%	$97.7m	940.1K	−93.8% Reduced
ADSKAutodesk, Inc.	0.03%	$96.0m	493.9K	+3.0% Added
LOWLowe's	0.03%	$94.7m	429.4K	+3.0% Added
ONBOLD National Bancorp	0.03%	$94.4m	3.64M	−1.9% Reduced
RMBSRambus Inc	0.03%	$93.7m	705.8K	−4.4% Reduced
EWBCEast West Bancorp Inc	0.03%	$92.2m	713.9K	−2.9% Reduced
CWCurtiss Wright Corp	0.03%	$90.1m	118.9K	−3.1% Reduced
LAZLazard, Inc.	0.03%	$90.1m	2.15M	−1.0% Reduced
TPRTapestry, Inc.	0.03%	$89.1m	608.9K	−1.5% Reduced
LTHLife Time Group Holdings, Inc.	0.03%	$86.9m	2.13M	−3.7% Reduced
MCDMcDonald's	0.03%	$84.9m	314.1K	+13.7% Added
HRIHerc Holdings Inc	0.03%	$83.8m	584.3K	+2.4% Added
AMGAffiliated Managers Group, Inc.	0.03%	$83.4m	246.5K	−2.7% Reduced
ARMKAramark	0.03%	$82.5m	1.45M	−0.9% Reduced
NOCNorthrop Grumman	0.02%	$81.4m	159.7K	−3.8% Reduced
COLBColumbia Banking System, Inc.	0.02%	$79.5m	2.48M	+6.9% Added
ZTOZTO Express (cayman) Inc.	0.02%	$78.3m	3.50M	−3.5% Reduced
ARWRArrowhead Pharmaceuticals, Inc.	0.02%	$78.1m	957.7K	−14.0% Reduced
PIPRPiper Sandler Companies	0.02%	$76.8m	1.06M	−1.5% Reduced
BIIBBiogen	0.02%	$73.0m	338.0K	+8.1% Added
FULTFulton Financial Corp	0.02%	$72.3m	2.99M	+0.4%
BKNGBooking Holdings	0.02%	$71.6m	402.0K	+2235.0% Added
ENSEnersys	0.02%	$70.8m	302.9K	−5.4% Reduced

Company	Bought (value)	Shares
GEGE Aerospace	$4.3bn	11.57M
GEVGE Vernova	$4.2bn	3.56M
CSCOCisco	$1.9bn	16.11M
PANWPalo Alto Networks	$1.9bn	5.50M
UNHUnitedHealth Group	$1.6bn	3.84M
MRKMerck & Co.	$1.6bn	12.08M
JNJJohnson & Johnson	$1.0bn	4.04M
ORCLOracle Corporation	$542.1m	3.70M
NVDANVIDIA Corporation	$475.5m	2.38M
AAPLApple Inc.	$341.4m	1.18M
GOOGLAlphabet Inc. (Class A)	$335.7m	939.3K
ASMLAsml Holding NV	$272.8m	137.1K
LLYLilly (Eli)	$269.3m	224.5K
MSFTMicrosoft Corporation	$250.0m	670.1K
ULUnilever PLC	$206.0m	3.43M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
CNQCanadian Natural Resources Ltd	−$1.7bn	−43.36M
COPConocoPhillips	−$1.5bn	−14.28M
JCIJohnson Controls	−$987.3m	−6.76M
CVXChevron Corporation	−$866.9m	−5.23M
SUSuncor Energy Inc	−$768.9m	−14.32M
NWGNatwest Group plc	−$683.0m	−38.74M
COFCapital One	−$414.4m	−2.07M
CCICrown Castle	−$391.0m	−5.16M
BLKBlackRock	−$363.2m	−377.7K
INTUIntuit	−$332.7m	−1.27M
CPCanadian Pacific Kansas City LTD	−$229.0m	−2.64M
EOGEOG Resources	−$150.0m	−1.16M
AMTAmerican Tower	−$148.5m	−907.8K
TTTrane Technologies	−$69.3m	−141.2K
HMCHonda Motor Co LTD	−$61.6m	−2.27M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
MYGNMyriad Genetics Inc	$5.4m	1.19M
REGNRegeneron Pharmaceuticals	$3.9m	5.1K
ANABAnaptysbio, Inc	$3.1m	56.6K
HRLHormel Foods	$1.7m	73.6K
ROPRoper Technologies	$1.4m	3.9K
VODVodafone Group Public LTD Co	$1.2m	80.7K
SNDASonida Senior Living, Inc.	$811,703	25.2K
SSDSimpson Manufacturing Co., Inc.	$759,186	4.4K
GGenpact LTD	$646,992	17.4K
MMYTMakemytrip Ltd	$616,572	16.5K
POWWOutdoor Holding Co	$569,499	283.3K
NICENice Ltd.	$522,347	4.7K
GPNGlobal Payments	$423,282	6.3K
BBarrick Mining Corp	$356,970	8.8K
STWDStarwood Property Trust, Inc.	$344,650	20.0K
IDXXIdexx Laboratories	$337,080	599
RITMRithm Capital Corp.	$302,553	31.9K
ZTSZoetis	$277,178	2.3K
EVRGEvergy	$263,374	3.2K
WTWWillis Towers Watson	$260,801	896
VMCVulcan Materials Company	$256,297	941
CNCCentene Corporation	$256,241	7.8K
CGBDCarlyle Secured Lending, Inc.	$250,865	22.9K
WPMWheaton Precious Metals Corp.	$238,603	1.8K
LOGILogitech International S.a.	$234,216	2.6K
GLOBGlobant S.a.	$227,997	4.9K
CAECAE Inc	$223,170	8.6K
CMGChipotle Mexican Grill	$222,158	6.9K
BAMBrookfield Asset Management Ltd.	$219,627	4.9K
MLMMartin Marietta Materials	$216,840	368

Technology30.3%
Financials17.7%
Industrials16.1%
Health Care12.1%
Communication Services7.6%
Consumer Discretionary6.1%
Consumer Staples5.0%
Materials2.8%
Energy2.2%
Real Estate0.2%
Utilities0.0%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestJuly 19, 2013 to November 2, 2026	+15.5%	+13.8%	0.81	0.76	−31.2%	1.03
2018 onwardsJanuary 5, 2018 to November 2, 2026	+15.7%	+13.9%	0.71	0.65	−31.2%	1.02
Last three yearsNovember 3, 2023 to November 2, 2026	+25.8%	+21.8%	1.25	1.12	−19.7%	1.06
Last yearNovember 7, 2025 to November 2, 2026	+13.9%	+14.2%	0.87	0.84	−8.5%	0.89

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.