# Fisher Asset Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 850529. Source: https://holderbook.com/funds/850529-fisher-asset-management-llc/

- Reported value: $335.8B
- Positions: 1,037
- Weight of the ten largest: 35.6%
- Filed: 2026-08-04

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $18.2B | 90,935,947 | 5.4% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $16.7B | 57,610,104 | 5.0% | 31 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $15.2B | 160,964,153 | 4.5% | 22 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $14.3B | 39,989,840 | 4.3% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $10.6B | 9,942,521 | 3.2% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $9.9B | 26,611,728 | 3.0% | 31 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $9.4B | 4,737,614 | 2.8% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $9.0B | 18,866,198 | 2.7% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.3B | 34,978,432 | 2.5% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $7.9B | 95,703,099 | 2.4% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $7.0B | 6,964,113 | 2.1% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $6.1B | 5,063,516 | 1.8% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.7B | 15,131,673 | 1.7% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $5.7B | 17,427,412 | 1.7% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $5.5B | 26,172,995 | 1.6% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $5.1B | 36,456,162 | 1.5% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $4.9B | 38,516,263 | 1.5% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $4.7B | 41,493,173 | 1.4% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $4.3B | 22,872,255 | 1.3% | 25 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $4.3B | 11,588,047 | 1.3% | 20 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $4.3B | 31,468,114 | 1.3% | 31 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $4.2B | 66,922,014 | 1.3% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $4.2B | 3,559,479 | 1.2% | 9 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.9B | 33,412,725 | 1.2% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.8B | 6,794,023 | 1.1% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $3.8B | 9,082,269 | 1.1% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.7B | 10,360,718 | 1.1% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.4B | 13,307,056 | 1.0% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $3.4B | 59,215,368 | 1.0% | 31 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $3.2B | 64,920,294 | 1.0% | 8 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $3.2B | 9,426,671 | 0.9% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.0B | 3,253,040 | 0.9% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.8B | 16,657,865 | 0.8% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $2.6B | 109,067,291 | 0.8% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.6B | 7,649,303 | 0.8% | 31 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $2.6B | 3,595,361 | 0.8% | 31 |
| BARCLAYS PLC | [BCS](https://holderbook.com/stocks/BCS/) | $2.5B | 93,904,423 | 0.8% | 16 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $2.5B | 66,310,416 | 0.7% | 31 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $2.4B | 15,523,378 | 0.7% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.4B | 9,497,970 | 0.7% | 31 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $2.3B | 14,931,460 | 0.7% | 31 |
| SONY GROUP CORP | [SONY](https://holderbook.com/stocks/SONY/) | $2.3B | 112,216,813 | 0.7% | 20 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.2B | 4,357,285 | 0.7% | 31 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $2.1B | 27,633,155 | 0.6% | 18 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $2.1B | 11,146,292 | 0.6% | 2 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $2.0B | 24,341,120 | 0.6% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $2.0B | 21,952,062 | 0.6% | 16 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $2.0B | 3,179,375 | 0.6% | 29 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $2.0B | 5,755,989 | 0.6% | 23 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $2.0B | 20,675,995 | 0.6% | 31 |
| MITSUBISHI UFJ FINANCIAL GRO | [MUFG](https://holderbook.com/stocks/MUFG/) | $1.9B | 97,910,346 | 0.6% | 11 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.9B | 13,261,451 | 0.6% | 31 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $1.9B | 35,722,792 | 0.6% | 16 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.8B | 6,578,759 | 0.5% | 31 |
| HSBC HLDGS PLC | [HSBC](https://holderbook.com/stocks/HSBC/) | $1.8B | 18,572,508 | 0.5% | 6 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.6B | 11,238,939 | 0.5% | 31 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $1.6B | 10,769,298 | 0.5% | 16 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $1.6B | 3,918,840 | 0.5% | 31 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $1.5B | 24,693,472 | 0.4% | 3 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $1.5B | 2,915,715 | 0.4% | 29 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $1.5B | 7,062,353 | 0.4% | 9 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.5B | 20,415,312 | 0.4% | 31 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $1.4B | 12,648,532 | 0.4% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $1.3B | 9,426,709 | 0.4% | 21 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $1.3B | 1,403,263 | 0.4% | 7 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $1.3B | 28,042,636 | 0.4% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.3B | 6,055,655 | 0.4% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.3B | 12,585,385 | 0.4% | 31 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $1.2B | 2,674,677 | 0.4% | 6 |
| TOYOTA MOTOR CORP | [TM](https://holderbook.com/stocks/TM/) | $1.2B | 7,202,123 | 0.4% | 26 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.2B | 8,676,821 | 0.3% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.1B | 1,567,739 | 0.3% | 31 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $1.0B | 3,829,798 | 0.3% | 17 |
| ANHEUSER BUSCH INBEV SA/NV | [BUD](https://holderbook.com/stocks/BUD/) | $1.0B | 12,452,441 | 0.3% | 31 |
| DEUTSCHE BK AG | [DB](https://holderbook.com/stocks/DB/) | $1.0B | 29,700,418 | 0.3% | 6 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $957.0M | 13,047,300 | 0.3% | 25 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $931.0M | 1,264,238 | 0.3% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $905.9M | 4,515,704 | 0.3% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $854.3M | 4,484,774 | 0.3% | 31 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $844.9M | 1,720,275 | 0.3% | 26 |
| TIDAL TR IV | [PBPH](https://holderbook.com/stocks/PBPH/) | $844.3M | 31,067,084 | 0.3% | 2 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $796.1M | 8,018,318 | 0.2% | 30 |
| ISHARES TR | [EUFN](https://holderbook.com/stocks/EUFN/) | $730.1M | 18,725,785 | 0.2% | 31 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $712.7M | 3,847,445 | 0.2% | 28 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $680.5M | 9,551,551 | 0.2% | 31 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $622.4M | 8,003,901 | 0.2% | 3 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $614.6M | 5,116,729 | 0.2% | 14 |
| ISHARES TR | [EXI](https://holderbook.com/stocks/EXI/) | $607.0M | 3,027,680 | 0.2% | 29 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $600.4M | 3,832,253 | 0.2% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $598.4M | 1,693,700 | 0.2% | 31 |
| TIDAL TR IV | [PBEU](https://holderbook.com/stocks/PBEU/) | $581.6M | 17,734,791 | 0.2% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $575.6M | 1,589,554 | 0.2% | 31 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $555.9M | 6,780,683 | 0.2% | 26 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $529.7M | 6,518,291 | 0.2% | 31 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $517.3M | 528,838 | 0.2% | 16 |
| ISHARES TR | [KXI](https://holderbook.com/stocks/KXI/) | $490.4M | 7,262,318 | 0.1% | 31 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $489.2M | 5,096,418 | 0.1% | 31 |
| SOUTHERN COPPER CORP | [SCCO](https://holderbook.com/stocks/SCCO/) | $486.1M | 2,789,416 | 0.1% | 31 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $475.0M | 959,431 | 0.1% | 31 |
| BANCO SANTANDER S.A. | [SAN](https://holderbook.com/stocks/SAN/) | $453.8M | 32,885,780 | 0.1% | 31 |

## 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 | +9.9% | +14.8% | -4.9% | 100% |
| Q1 2026 | -1.9% | -4.6% | +2.8% | 100% |
| Q4 2025 | +4.5% | +2.4% | +2.1% | 100% |
| Q3 2025 | +7.6% | +7.8% | -0.3% | 100% |
| Q2 2025 | +10.1% | +10.5% | -0.4% | 100% |
| Q1 2025 | -4.7% | -4.6% | -0.2% | 100% |
| Q4 2024 | +1.2% | +2.1% | -0.9% | 100% |
| Q3 2024 | +3.4% | +5.4% | -2.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $335.8B | 1,037 |
| Q1 2026 | $294.9B | 1,015 |
| Q4 2025 | $293.0B | 1,016 |
| Q3 2025 | $276.3B | 1,014 |
| Q2 2025 | $251.9B | 986 |
| Q1 2025 | $231.0B | 999 |
| Q4 2024 | $251.3B | 975 |
| Q3 2024 | $244.0B | 918 |
| Q2 2024 | $229.9B | 985 |
| Q1 2024 | $214.1B | 963 |
| Q4 2023 | $189.1B | 980 |
| Q3 2023 | $176.3B | 1,167 |