13F filer · CIK 850529 ↗
Fisher Investments
Reported value
$335.83B
+14% on the quarter before
Positions
1,037
125 new · 104 sold out
Top 10
35.6%
of the value
Est. gain
+$29.71B
on stocks held all quarter
Est. return
+10.6%
on those stocks since Q1 2026
Positions as of Jun 30, 2026, from Fisher Investments's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 56% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2026. Striped tiles are options.
Largest buys
Since Q1 2026, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- GE Aerospace~$4.32BAdded · 0.0% → 1.3%+11,572,377 shares
- GE Vernova~$4.18BAdded · 0.0% → 1.2%+3,555,530 shares
- Cisco~$1.89BAdded · 0.5% → 1.2%+16,111,142 shares
- Palo Alto Networks~$1.88BAdded · 0.0% → 0.6%+5,499,328 shares
- UnitedHealth Group~$1.60BAdded · 0.5% → 1.1%+3,844,568 shares
- Merck & Co.~$1.55BAdded · 1.1% → 1.5%+12,079,979 shares
- Ishares Tr 7 10yr Tr Bd ETF~$1.32BAdded · 4.8% → 4.5%+13,918,672 shares
- Johnson & Johnson~$1.03BAdded · 0.8% → 1.0%+4,043,445 shares
- Oracle~$542.1MAdded · 0.5% → 0.6%+3,699,197 shares
- Vanguard Fds Int Term Corp~$537.6MAdded · 2.5% → 2.4%+6,504,867 shares
Largest sells
Since Q1 2026, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Canadian Nat Res Ltd Med Term~$1.71BCut · 0.7% → 0.0%−43,359,229 shares
- ConocoPhillips~$1.48BCut · 0.7% → 0.0%−14,277,591 shares
- Ing Groep Nv ADR~$1.38BCut · 0.4% → 0.1%−43,851,065 shares
- Johnson Controls~$987.3MCut · 0.8% → 0.5%−6,757,218 shares
- Chevron Corporation~$866.9MCut · 1.5% → 0.8%−5,229,573 shares
- Totalenergies Se Act~$773.7MCut · 0.6% → 0.2%−9,949,287 shares
- Lloyds Banking Group Plc ADR~$769.6MCut · 0.3% → 0.0%−132,004,179 shares
- Suncor Energy Inc New~$768.9MCut · 0.4% → 0.1%−14,323,135 shares
- Natwest Group Plc ADR~$683.0MCut · 0.2% → 0.0%−38,738,700 shares
- Banco Bilbao Vizcaya Argen ADR~$454.8MCut · 0.2% → 0.1%−18,149,841 shares
Holdings
As of Jun 30, 2026. Changes are in shares against Mar 31, 2026, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NvidiaCOM · shares +2.7% · price +14.7% | 5.4% | $18.20B | +$2.28B | ||||||||
| AppleCOM · shares +2.1% · price +14.0% | 5.0% | $16.67B | +$2.01B | ||||||||
| Ishares Tr 7 10yr Tr Bd ETFCOM · shares +9.5% · price −0.9% | 4.5% | $15.22B | −$127.9M | ||||||||
| AlphabetCOM · shares +2.4% · price +24.3% | 4.3% | $14.29B | +$2.73B | ||||||||
| Caterpillar Inc.COM · shares +1.7% · price +50.3% | 3.2% | $10.59B | +$3.48B | ||||||||
| MicrosoftCOM · shares +2.6% · price +0.8% | 3.0% | $9.93B | +$73.9M | ||||||||
| ASMLCOM · shares +3.0% · price +50.6% | 2.8% | $9.43B | +$3.08B | ||||||||
| TSMCCOM · shares +1.3% · price +41.3% | 2.7% | $9.01B | +$2.60B | ||||||||
| AmazonCOM · shares +2.3% · price +14.4% | 2.5% | $8.34B | +$1.03B | ||||||||
| Vanguard Fds Int Term CorpCOM · shares +7.3% · price −0.1% | 2.4% | $7.91B | −$8.9M | ||||||||
| Goldman SachsCOM · shares +2.0% · price +19.5% | 2.1% | $7.04B | +$1.13B | ||||||||
| Eli LillyCOM · shares +4.6% · price +30.4% | 1.8% | $6.07B | +$1.35B | ||||||||
| BroadcomCOM · shares +3.0% · price +22.0% | 1.7% | $5.72B | +$1.00B | ||||||||
| JPMorgan ChaseCOM · shares +2.4% · price +11.3% | 1.7% | $5.70B | +$564.6M | ||||||||
| Morgan StanleyCOM · shares +2.2% · price +27.0% | 1.6% | $5.47B | +$1.14B | ||||||||
| CitigroupCOM · shares +3.5% · price +23.4% | 1.5% | $5.10B | +$935.1M | ||||||||
| Merck & Co.COM · shares +46% · price +6.8% | 1.5% | $4.95B | +$217.0M | ||||||||
| WalmartCOM · shares +1.3% · price −8.9% | 1.4% | $4.70B | −$451.6M | ||||||||
| RTXCOM · shares +2.8% · price −1.6% | 1.3% | $4.34B | −$70.5M | ||||||||
| GE AerospaceCOM · shares +73,851% · price +31.7% | 1.3% | $4.33B | +$1.4M | ||||||||
| ExxonMobilCOM · shares −2.5% · price −19.4% | 1.3% | $4.30B | −$1.04B | ||||||||
| Freeport-McMoRanCOM · shares +2.8% · price +7.0% | 1.3% | $4.21B | +$267.5M | ||||||||
| GE VernovaCOM · shares +90,036% · price +34.6% | 1.2% | $4.18B | +$1.2M | ||||||||
| CiscoCOM · shares +93% · price +51.4% | 1.2% | $3.92B | +$689.8M | ||||||||
| MetaCOM · shares +1.6% · price −1.5% | 1.1% | $3.83B | −$59.1M | ||||||||
| Total · 1,037 positions | 100% | $335.83B | +$29.71B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q1 2026 to Q2 2026: 911 stocks held throughout, up $29.71B (+10.6%).
- Caterpillar Inc.+$3.48B+50%
- ASML+$3.08B+51%
- Alphabet+$2.73B+24%
- TSMC+$2.60B+41%
- Nvidia+$2.28B+15%
- Walmart−$451.6M−9%
- Netflix−$503.3M−26%
- Bp Plc Sponsored ADR ADR−$666.4M−21%
- Chevron Corporation−$685.3M−20%
- ExxonMobil−$1.04B−19%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 8 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 4, 2026 | $335.83B+14% | SEC ↗ |
| Q1 2026 | May 5, 2026 | $294.89B+1% | SEC ↗ |
| Q4 2025 | Feb 9, 2026 | $292.99B+6% | SEC ↗ |
| Q3 2025 | Nov 12, 2025 | $276.29B+10% | SEC ↗ |
| Q2 2025 | Aug 13, 2025 | $251.89B+9% | SEC ↗ |
| Q1 2025 | May 14, 2025 | $231.00B−8% | SEC ↗ |
| Q4 2024 | Feb 5, 2025 | $251.33B+3% | SEC ↗ |
| Q3 2024 | Nov 12, 2024 | $244.02B+6% | SEC ↗ |
| Q2 2024 | Aug 14, 2024 | $229.85B+7% | SEC ↗ |
| Q1 2024 | May 9, 2024 | $214.11B+13% | SEC ↗ |
| Q4 2023 | Mar 5, 2024 (amended) | $189.13B+7% | SEC ↗ |
| Q3 2023 | Nov 13, 2023 | $176.32B−3% | SEC ↗ |
| Q2 2023 | Dec 12, 2023 (amended) | $180.88B+10% | SEC ↗ |
| Q1 2023 | Dec 12, 2023 (amended) | $164.66B+11% | SEC ↗ |
| Q4 2022 | Feb 3, 2023 | $147.93B+11% | SEC ↗ |
| Q3 2022 | Nov 8, 2022 | $133.41B−6% | SEC ↗ |
| Q2 2022 | Aug 9, 2022 | $141.30B−17% | SEC ↗ |
| Q1 2022 | May 5, 2022 | $169.49B−5% | SEC ↗ |
| Q4 2021 | Feb 2, 2022 | $178.57B+11% | SEC ↗ |
| Q3 2021 | Oct 26, 2021 | $161.00B+1% | SEC ↗ |
| Q2 2021 | Jul 27, 2021 | $159.27B+12% | SEC ↗ |
| Q1 2021 | Apr 27, 2021 | $141.96B+6% | SEC ↗ |
| Q4 2020 | Jan 29, 2021 | $133.48B+17% | SEC ↗ |
| Q3 2020 | Nov 12, 2020 (amended) | $114.26B+12% | SEC ↗ |
| Q2 2020 | Aug 7, 2020 | $102.46B+27% | SEC ↗ |
| Q1 2020 | Apr 28, 2020 | $80.64B−19% | SEC ↗ |
| Q4 2019 | Feb 12, 2020 | $98.96B+9% | SEC ↗ |
| Q3 2019 | Oct 29, 2019 | $91.13B+1% | SEC ↗ |
| Q2 2019 | Jul 30, 2019 | $90.45B+6% | SEC ↗ |
| Q1 2019 | Apr 22, 2019 (amended) | $85.30B+17% | SEC ↗ |
| Q4 2018 | Jan 25, 2019 | $73.22B−11% | SEC ↗ |
| Q3 2018 | Oct 23, 2018 | $82.37B+7% | SEC ↗ |
| Q2 2018 | Jul 9, 2018 | $77.02B+2% | SEC ↗ |
| Q1 2018 | May 10, 2018 (amended) | $75.40B−2% | SEC ↗ |
| Q4 2017 | Jan 24, 2018 | $76.56B+7% | SEC ↗ |
| Q3 2017 | Oct 17, 2017 | $71.30B+8% | SEC ↗ |
| Q2 2017 | Jul 12, 2017 | $66.32B+6% | SEC ↗ |
| Q1 2017 | Apr 24, 2017 | $62.44B+9% | SEC ↗ |
| Q4 2016 | Jan 10, 2017 | $57.43B+2% | SEC ↗ |
| Q3 2016 | Oct 11, 2016 | $56.32B+4% | SEC ↗ |
| Q2 2016 | Jul 12, 2016 | $53.89B+2% | SEC ↗ |
| Q1 2016 | Apr 15, 2016 | $52.63B | SEC ↗ |