# Fisher Funds Management LTD

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1435028. Source: https://holderbook.com/funds/1435028-fisher-funds-management-ltd/

- Reported value: $3.5B
- Positions: 174
- Weight of the ten largest: 31.9%
- Filed: 2026-07-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $210.7M | 564,767 | 6.0% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $164.8M | 823,841 | 4.7% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $142.4M | 597,393 | 4.0% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $135.1M | 377,935 | 3.8% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $100.8M | 179,034 | 2.9% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $92.1M | 318,286 | 2.6% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $90.2M | 175,563 | 2.6% | 7 |
| FLOOR & DECOR HLDGS INC | [FND](https://holderbook.com/stocks/FND/) | $63.5M | 1,069,475 | 1.8% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $62.9M | 166,610 | 1.8% | 7 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $61.1M | 35,990 | 1.7% | 3 |
| DEXCOM INC | [DXCM](https://holderbook.com/stocks/DXCM/) | $56.6M | 840,950 | 1.6% | 7 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $55.6M | 292,066 | 1.6% | 7 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $51.3M | 25,777 | 1.5% | 7 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $51.2M | 582,884 | 1.5% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $49.7M | 151,953 | 1.4% | 7 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $49.6M | 687,742 | 1.4% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $49.6M | 694,523 | 1.4% | 7 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $47.1M | 118,359 | 1.3% | 7 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $46.9M | 40,629 | 1.3% | 7 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $46.6M | 83,148 | 1.3% | 7 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $46.4M | 624,065 | 1.3% | 7 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $43.0M | 1,007,864 | 1.2% | 7 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $41.6M | 181,006 | 1.2% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $40.7M | 118,511 | 1.2% | 7 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $36.0M | 397,646 | 1.0% | 7 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $35.3M | 491,051 | 1.0% | 7 |
| OLD DOMINION FREIGHT LINE IN | [ODFL](https://holderbook.com/stocks/ODFL/) | $34.7M | 160,100 | 1.0% | 4 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $34.0M | 214,436 | 1.0% | 3 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $33.6M | 153,654 | 1.0% | 7 |
| CMS ENERGY CORP | [CMS](https://holderbook.com/stocks/CMS/) | $32.8M | 429,193 | 0.9% | 7 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $32.8M | 82,603 | 0.9% | 7 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $32.6M | 96,344 | 0.9% | 3 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $32.0M | 134,939 | 0.9% | 7 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $31.5M | 65,978 | 0.9% | 2 |
| TRADEWEB MKTS INC | [TW](https://holderbook.com/stocks/TW/) | $30.0M | 300,574 | 0.9% | 5 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $29.9M | 325,985 | 0.9% | 7 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $29.4M | 40,717 | 0.8% | 7 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $29.2M | 71,588 | 0.8% | 7 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $28.7M | 896,697 | 0.8% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $28.0M | 110,089 | 0.8% | 7 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $27.1M | 193,971 | 0.8% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $27.0M | 54,037 | 0.8% | 7 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $27.0M | 164,898 | 0.8% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $26.6M | 226,634 | 0.8% | 7 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $26.1M | 130,192 | 0.7% | 4 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $26.0M | 149,726 | 0.7% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $25.1M | 99,740 | 0.7% | 7 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $24.7M | 285,288 | 0.7% | 7 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $24.0M | 23,071 | 0.7% | 7 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $24.0M | 899,932 | 0.7% | 7 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $23.9M | 150,963 | 0.7% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $23.1M | 65,328 | 0.7% | 7 |
| GRUPO AEROPORTUNARIO DEL PAC | [PAC](https://holderbook.com/stocks/PAC/) | $21.4M | 84,412 | 0.6% | 3 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $21.0M | 133,904 | 0.6% | 7 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $20.1M | 75,007 | 0.6% | 1 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $19.4M | 151,132 | 0.6% | 7 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $19.1M | 46,062 | 0.5% | 7 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $18.5M | 243,881 | 0.5% | 7 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $18.4M | 65,349 | 0.5% | 7 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $18.2M | 31,644 | 0.5% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $17.3M | 14,451 | 0.5% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $17.3M | 49,127 | 0.5% | 7 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $17.2M | 665,937 | 0.5% | 1 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $16.8M | 14,855 | 0.5% | 7 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $16.6M | 115,019 | 0.5% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $16.1M | 110,066 | 0.5% | 7 |
| ATLASSIAN CORPORATION | [TEAM](https://holderbook.com/stocks/TEAM/) | $15.7M | 201,695 | 0.4% | 7 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $15.3M | 68,876 | 0.4% | 7 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $15.0M | 354,935 | 0.4% | 7 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $14.8M | 100,816 | 0.4% | 7 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $14.5M | 700,833 | 0.4% | 7 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $14.0M | 14,299 | 0.4% | 7 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $13.8M | 83,010 | 0.4% | 7 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $13.6M | 31,319 | 0.4% | 7 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $12.8M | 55,789 | 0.4% | 7 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $10.6M | 39,150 | 0.3% | 7 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $10.3M | 78,502 | 0.3% | 7 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $10.3M | 25,871 | 0.3% | 7 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $10.2M | 42,694 | 0.3% | 7 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $10.1M | 97,450 | 0.3% | 7 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $9.9M | 84,661 | 0.3% | 7 |
| PPL CORP | [PPL](https://holderbook.com/stocks/PPL/) | $9.8M | 270,148 | 0.3% | 7 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $9.8M | 52,992 | 0.3% | 7 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $9.5M | 204,844 | 0.3% | 7 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $9.4M | 255,933 | 0.3% | 7 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $9.4M | 42,643 | 0.3% | 7 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $9.3M | 671,584 | 0.3% | 7 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $9.3M | 162,734 | 0.3% | 7 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $9.3M | 20,204 | 0.3% | 7 |
| GRUPO AEROPORTUARIO DEL SURE | [ASR](https://holderbook.com/stocks/ASR/) | $9.2M | 29,931 | 0.3% | 7 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $9.1M | 23,224 | 0.3% | 7 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $8.9M | 153,840 | 0.3% | 7 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $8.8M | 24,245 | 0.2% | 7 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $8.5M | 30,942 | 0.2% | 7 |
| ALPHA TAU MEDICAL LTD | [DRTSW](https://holderbook.com/stocks/DRTSW/) | $8.4M | 157,700 | 0.2% | 5 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $8.2M | 10,895 | 0.2% | 7 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $8.2M | 30,473 | 0.2% | 7 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $8.0M | 74,967 | 0.2% | 7 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $7.8M | 324,451 | 0.2% | 7 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $7.8M | 53,255 | 0.2% | 7 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +8.5% | +14.8% | -6.3% | 100% |
| Q1 2026 | -7.0% | -4.6% | -2.4% | 100% |
| Q4 2025 | +2.1% | +2.4% | -0.3% | 100% |
| Q3 2025 | +1.9% | +7.8% | -5.9% | 100% |
| Q2 2025 | +7.5% | +10.5% | -2.9% | 100% |
| Q1 2025 | -3.6% | -4.6% | +0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.5B | 174 |
| Q1 2026 | $3.4B | 169 |
| Q4 2025 | $3.9B | 166 |
| Q3 2025 | $3.8B | 160 |
| Q2 2025 | $4.2B | 168 |
| Q1 2025 | $4.1B | 164 |
| Q4 2024 | $4.1B | 164 |