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Funds (13F)

Fisher Asset Management, LLC

Backtest from 19 Jul 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+15.5%
S&P 500 +13.8%
Last 12 months
+12.0%
S&P 500 +12.1%
Sharpe ratio
0.81
S&P 500 0.76
Biggest drop
−31.2%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $68.1k$55.9k
Fisher Asset Management, LLCS&P 500 $10,000 in Fisher Asset Management, LLC from 19 Jul 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Fisher Asset Management, LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Fisher Asset Management, LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+15.5%+13.8%
Total return+581%+459%
Last 12 months+12.0%+12.1%
Last 3 months−1.1%—
Last month−2.2%—
This year so far+9.0%—
Volatility a year17.0%15.9%
Sharpe ratio0.810.76
Biggest drop−31.2%−31.8%
Beta to the S&P 5001.031.00
Alpha a year (t-statistic)+1.3% (1.09)—
Share of weeks up60%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
NVDA6.6%——
AAPL6.0%——
GOOGL5.2%——
CAT3.8%——
MSFT3.6%——
ASML3.4%——
TSM3.3%——
AMZN3.0%——
GS2.5%——
LLY2.2%——
AVGO2.1%——
JPM2.1%——
MS2.0%——
C1.8%——
MRK1.8%——
WMT1.7%——
RTX1.6%——
GE1.6%——
FCX1.5%——
GEV1.5%——
CSCO1.4%——
META1.4%——
UNH1.4%——
HD1.3%——
JNJ1.2%——
BAC1.2%——
UBS1.2%——
AXP1.1%——
COST1.1%——
CVX1.0%——
PFE0.9%——
V0.9%——
CMI0.9%——
ABBV0.9%——
SAP0.8%——
MA0.8%——
SHEL0.8%——
AZN0.8%——
BHP0.7%——
SCHW0.7%——
DE0.7%——
PANW0.7%——
ORCL0.7%——
GSK0.7%——
UNP0.7%——
HSBC0.6%——
PG0.6%——
JCI0.6%——
ISRG0.6%——
UL0.5%——
TMO0.5%——
RY0.5%——
NFLX0.5%——
EMR0.5%——
BLK0.5%——
CSX0.5%——
BA0.5%——
SBUX0.5%——
SPOT0.4%——
TM0.4%——
PEP0.4%——
ITW0.4%——
BUD0.4%——
CARR0.3%——
COF0.3%——
DHR0.3%——
TT0.3%——
NOW0.3%——
PCAR0.2%——
CRM0.2%——
AMGN0.2%——
IR0.2%——
KO0.2%——
PH0.2%——
BABA0.2%——
SCCO0.2%——
ROK0.2%——
NVO0.1%——
NSC0.1%——
DOV0.1%——
AMD0.1%——
VALE0.1%——
CM0.1%——
AMAT0.1%——
CP0.1%——
HDB0.1%——
USB0.1%——
MYRG0.1%——
HMC0.1%——
POWL0.1%——
MRVL0.1%——
SU0.1%——
ASX0.1%——
INTU0.1%——
SANM0.1%——
QCOM0.1%——
ONTO0.1%——
BBD0.1%——
ATI0.1%——
IEX0.1%——
AMKR0.1%——
LRCX0.1%——
MTRN0.1%——
NTES0.1%——
CRS0.1%——
EVR0.1%——
LIN0.1%——
PBR0.1%——
AMT0.1%——
NU0.1%——
TEX0.1%——
RL0.1%——
FLS0.1%——
MELI0.1%——
VECO0.1%——
SYK0.1%——
HEI0.0%——
AYI0.0%——
URBN0.0%——
MRCY0.0%——
SF0.0%——
RRX0.0%——
AEIS0.0%——
LECO0.0%——
COHR0.0%——
ETN0.0%——
KLAC0.0%——
COP0.0%——
ADSK0.0%——
LOW0.0%——
ONB0.0%——
RMBS0.0%——
EWBC0.0%——
CW0.0%——
LAZ0.0%——
TPR0.0%——
LTH0.0%——
MCD0.0%——
HRI0.0%——
AMG0.0%——
ARMK0.0%——
NOC0.0%——
COLB0.0%——
ZTO0.0%——
ARWR0.0%——
PIPR0.0%——
BIIB0.0%——
FULT0.0%——
BKNG0.0%——
ENS0.0%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest19 Jul 2013 to 2 Nov 2026+15.5%+13.8%0.810.76−31.2%1.03+1.3% (1.09)
2018 onwards5 Jan 2018 to 2 Nov 2026+15.7%+13.9%0.710.65−31.2%1.02+1.5% (0.88)
Last three years3 Nov 2023 to 2 Nov 2026+25.8%+21.8%1.251.12−19.7%1.06+2.5% (1.05)
Last year7 Nov 2025 to 2 Nov 2026+13.9%+14.2%0.870.84−8.5%0.89+0.8% (0.23)
DateCompanyAction
7 Aug 2026XPOFBought
7 Aug 2026WATBought
7 Aug 2026TWLOBought
7 Aug 2026TTWOBought
7 Aug 2026TSBKBought
7 Aug 2026TRXBought
7 Aug 2026TRAXBought
7 Aug 2026TECXBought
7 Aug 2026TDOCBought
7 Aug 2026TARABought
7 Aug 2026SYYBought
7 Aug 2026SWKBought
7 Aug 2026STRLBought
7 Aug 2026STMBought
7 Aug 2026SRZNBought
7 Aug 2026SPCXBought
7 Aug 2026SNOWBought
7 Aug 2026SNDKBought
7 Aug 2026ROIVBought
7 Aug 2026RKLBBought
7 Aug 2026QBought
7 Aug 2026PSABought
7 Aug 2026PNNTBought
7 Aug 2026PFGBought
7 Aug 2026ORKABought

Dated at the rebalance that made the change.

DateCompanyAction
7 Aug 2026ZTSSold
7 Aug 2026WTWSold
7 Aug 2026WPMSold
7 Aug 2026VRASold
7 Aug 2026VODSold
7 Aug 2026VMCSold
7 Aug 2026STWDSold
7 Aug 2026SSDSold
7 Aug 2026SNDASold
7 Aug 2026SLISold
7 Aug 2026ROPSold
7 Aug 2026RITMSold
7 Aug 2026REGNSold
7 Aug 2026RDZNSold
7 Aug 2026QBTSSold
7 Aug 2026POWWSold
7 Aug 2026NICESold
7 Aug 2026NAKSold
7 Aug 2026MYGNSold
7 Aug 2026MMYTSold
7 Aug 2026MLMSold
7 Aug 2026LOGISold
7 Aug 2026KOPNSold
7 Aug 2026IDXXSold
7 Aug 2026IAUXSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest