13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q3 2016. See the latest, Q2 2026 →
Reported value
$56.32B
+4.5% on the quarter before
Positions
776
69 new · 38 sold out
Top 10
22.9%
of the value
Est. gain
+$1.68B
on stocks held all quarter
Est. return
+3.2%
on those stocks since Q2 2016
Positions as of Sep 30, 2016, 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, 43% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2016. Striped tiles are options.
Largest buys
Since Q2 2016, 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.
- Fi Enhanced Europe 50 Etn Ubs~$338.3MAdded · 0.1% → 0.7%+2,788,401 shares
- Goldman Sachs~$277.9MAdded · 0.1% → 0.6%+1,723,214 shares
- Fiig Eu Em Sc Esg~$195.3MNew · 0.0% → 0.3%+2,000,000 shares
- Bayerische Motoren Werke A ADR~$94.3MAdded · 0.1% → 0.2%+3,388,414 shares
- Nxp Semiconductors N V~$94.2MAdded · 0.1% → 0.3%+922,990 shares
- Compagnie Fin Richemontag ADR~$88.3MAdded · 0.1% → 0.2%+14,455,862 shares
- Capital One Finl Corp~$85.3MAdded · 0.0% → 0.2%+1,188,001 shares
- Life Storage Inc~$80.0MNew · 0.0% → 0.1%+899,361 shares
- Fiig Eu Em~$79.1MAdded · 1.8% → 1.9%+799,556 shares
- Lloyds Banking Group Plc ADR~$68.4MAdded · 0.4% → 0.5%+23,821,430 shares
Largest sells
Since Q2 2016, 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.
- Fi Enhanced Europe 50 Etn Bcs~$270.5MCut · 1.1% → 0.6%−3,007,589 shares
- Citigroup Inc~$181.6MCut · 0.9% → 0.7%−3,844,532 shares
- Credit Suisse Group ADR~$118.1MCut · 0.2% → 0.0%−8,986,656 shares
- Bank Amer Corp~$117.5MCut · 1.1% → 1.0%−7,509,391 shares
- Daimler Ag ADR~$100.3MCut · 0.7% → 0.6%−1,423,598 shares
- Lvmh Moet Hennessy Lou Vui ADR~$95.0MCut · 0.5% → 0.4%−2,784,855 shares
- Sovran Self Storage Inc~$92.6MSold out · 0.2% → 0.0%−866,201 shares
- American Express Co~$76.9MCut · 1.4% → 1.2%−1,201,264 shares
- Barclays Plc ADR~$76.7MCut · 0.3% → 0.2%−8,825,283 shares
- Fi Enhanced Europe 50 Etn Cs~$67.8MCut · 0.5% → 0.4%−731,028 shares
Holdings
As of Sep 30, 2016. Changes are in shares against Jun 30, 2016, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ishares Tr Iboxx Inv Cp ETFCOM · shares +3.0% · price −0.7% | 3.1% | $1.77B | −$12.5M | ||||||||
| AmazonCOM · shares −0.4% · price +11.1% | 2.9% | $1.66B | +$165.2M | ||||||||
| Fi Enhanced Glbl High Yld BcsCOM · shares −2.3% · price +3.4% | 2.4% | $1.38B | +$45.4M | ||||||||
| AppleCOM · shares +0.5% · price +16.6% | 2.3% | $1.29B | +$181.8M | ||||||||
| Johnson& JohnsonCOM · shares +0.00% · price −3.9% | 2.3% | $1.28B | −$52.1M | ||||||||
| Visa Inc.COM · shares −0.4% · price +8.1% | 2.2% | $1.22B | +$91.2M | ||||||||
| Fiig Eu EmFUND · shares +7.8% · price +7.2% | 1.9% | $1.09B | +$68.2M | ||||||||
| Home Depot IncCOM · shares +0.4% · price −4.8% | 1.9% | $1.09B | −$54.6M | ||||||||
| Pfizer IncCOM · shares +0.4% · price −6.3% | 1.9% | $1.08B | −$72.3M | ||||||||
| MicrosoftCOM · shares +0.4% · price +9.5% | 1.9% | $1.06B | +$91.7M | ||||||||
| General Electric CoCOM · shares +0.4% · price −8.0% | 1.7% | $931.7M | −$81.1M | ||||||||
| Jpmorgan Chase& CoCOM · shares −0.7% · price +6.9% | 1.6% | $925.2M | +$60.0M | ||||||||
| TSMCCOM · shares −1.4% · price +12.5% | 1.6% | $881.8M | +$97.7M | ||||||||
| Fi Enhanced Lrg Cap Growth UbsCOM · shares +3.2% · price +3.8% | 1.5% | $872.5M | +$31.0M | ||||||||
| United Technologies CorpCOM · shares −0.5% · price −2.3% | 1.5% | $845.0M | −$19.6M | ||||||||
| Comcast Corp New Cl ACOM · shares −0.2% · price −1.6% | 1.5% | $826.8M | −$13.3M | ||||||||
| AlphabetCOM · shares +1.5% · price +10.6% | 1.4% | $812.1M | +$76.5M | ||||||||
| Berkshire Hathaway Inc Cl BCOM · shares +0.1% · price +0.4% | 1.4% | $811.0M | +$3.0M | ||||||||
| Walt Disney Company (The)COM · shares +0.6% · price −7.1% | 1.4% | $810.0M | −$61.8M | ||||||||
| Wells Fargo& Co NewCOM · shares −4.0% · price −7.9% | 1.4% | $805.4M | −$69.1M | ||||||||
| IntelCOM · shares −0.1% · price +9.8% | 1.3% | $748.8M | +$66.8M | ||||||||
| Fi Enhanced Lrg Cap Growth CsCOM · shares +4.9% · price +3.9% | 1.3% | $747.7M | +$26.5M | ||||||||
| Procter And Gamble CoCOM · shares +0.1% · price +4.7% | 1.3% | $727.3M | +$32.4M | ||||||||
| Anheuser Busch Inbev Sa/Nv ADRCOM · shares +0.7% · price +3.1% | 1.3% | $713.6M | +$21.5M | ||||||||
| American Express CoCOM · shares −10% · price +3.0% | 1.2% | $674.5M | +$19.8M | ||||||||
| Total · 776 positions | 100% | $56.32B | +$1.68B |
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 Q2 2016 to Q3 2016: 663 stocks held throughout, up $1.68B (+3.2%).
- Apple+$181.8M+17%
- Amazon+$165.2M+11%
- Qualcomm+$139.3M+27%
- TSMC+$97.7M+12%
- Microsoft+$91.7M+10%
- Walt Disney Company (The)−$61.8M−7%
- Wells Fargo& Co New−$69.1M−8%
- Pfizer Inc−$72.3M−6%
- General Electric Co−$81.1M−8%
- Novo-Nordisk A S ADR−$150.2M−25%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 1 split 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 ↗ |