13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q4 2016. See the latest, Q2 2026 →
Reported value
$57.43B
+2.0% on the quarter before
Positions
783
63 new · 56 sold out
Top 10
22.3%
of the value
Est. gain
+$1.10B
on stocks held all quarter
Est. return
+2.0%
on those stocks since Q3 2016
Positions as of Dec 31, 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, 44% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2016. Striped tiles are options.
Largest buys
Since Q3 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 Glbl High Yld Ubs~$364.8MAdded · 0.3% → 0.9%+2,919,640 shares
- Ishares Inc Msci Taiwan Capped~$152.4MNew · 0.0% → 0.3%+5,189,671 shares
- Grupo Televisa Sa ADR~$84.0MAdded · 0.3% → 0.4%+4,020,715 shares
- Fi Enhanced Lrg Cap Growth Cs~$39.1MAdded · 1.3% → 1.4%+281,764 shares
- Dst Sys Inc Del~$37.4MAdded · 0.1% → 0.1%+348,959 shares
- Alphabet~$26.7MAdded · 1.4% → 1.4%+33,723 shares
- Fanuc Corporation ADR~$26.7MAdded · 0.1% → 0.1%+1,572,657 shares
- Ubs Group Ag Nys~$25.2MAdded · 0.8% → 1.0%+1,605,791 shares
- Ishares Tr Iboxx Inv Cp ETF~$24.6MAdded · 3.1% → 3.0%+210,115 shares
- Helen Of Troy Corp Ltd~$24.0MAdded · 0.1% → 0.1%+284,636 shares
Largest sells
Since Q3 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 Glbl High Yld Db~$323.0MCut · 0.6% → 0.0%−2,484,719 shares
- Ishares Msci Taiwan ETF~$163.0MSold out · 0.3% → 0.0%−10,382,081 shares
- Fiig Eu Em~$65.8MCut · 1.9% → 1.7%−713,397 shares
- Cabelas Inc~$56.7MSold out · 0.1% → 0.0%−1,032,287 shares
- Nxp Semiconductors N V~$48.0MCut · 0.3% → 0.2%−490,159 shares
- Fi Enhanced Glbl High Yld Bcs~$24.3MCut · 2.4% → 2.3%−187,485 shares
- TSMC~$23.6MCut · 1.6% → 1.4%−819,916 shares
- Fi Enhanced Lrg Cap Growth Ubs~$23.5MCut · 1.5% → 1.5%−169,774 shares
- Credit Suisse Group ADR~$17.2MCut · 0.0% → 0.0%−1,200,597 shares
- Alphabet~$13.3MCut · 0.6% → 0.6%−17,189 shares
Holdings
As of Dec 31, 2016. Changes are in shares against Sep 30, 2016, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ishares Tr Iboxx Inv Cp ETFCOM · shares +1.5% · price −4.9% | 3.0% | $1.71B | −$86.1M | ||||||||
| AmazonCOM · shares +1.3% · price −10.4% | 2.6% | $1.50B | −$172.9M | ||||||||
| AppleCOM · shares +1.1% · price +2.5% | 2.3% | $1.33B | +$31.5M | ||||||||
| Fi Enhanced Glbl High Yld BcsCOM · shares −1.8% · price −1.9% | 2.3% | $1.33B | −$25.5M | ||||||||
| Johnson& JohnsonCOM · shares +1.0% · price −2.5% | 2.2% | $1.26B | −$31.7M | ||||||||
| Jpmorgan Chase& CoCOM · shares +0.4% · price +29.6% | 2.1% | $1.20B | +$273.7M | ||||||||
| Visa Inc.COM · shares +1.3% · price −5.7% | 2.0% | $1.17B | −$69.1M | ||||||||
| MicrosoftCOM · shares +0.4% · price +7.9% | 2.0% | $1.15B | +$83.4M | ||||||||
| Home Depot IncCOM · shares +0.7% · price +4.2% | 2.0% | $1.15B | +$45.8M | ||||||||
| Pfizer IncCOM · shares +1.2% · price −4.1% | 1.8% | $1.05B | −$44.3M | ||||||||
| Wells Fargo& Co NewCOM · shares +1.0% · price +24.5% | 1.8% | $1.01B | +$197.0M | ||||||||
| General Electric CoCOM · shares +0.9% · price +6.7% | 1.7% | $1.00B | +$62.3M | ||||||||
| Fiig Eu EmFUND · shares −6.4% · price −6.7% | 1.7% | $955.1M | −$69.1M | ||||||||
| United Technologies CorpCOM · shares +1.3% · price +7.9% | 1.6% | $924.0M | +$66.7M | ||||||||
| Berkshire Hathaway Inc Cl BCOM · shares +0.5% · price +12.8% | 1.6% | $919.3M | +$103.9M | ||||||||
| Walt Disney Company (The)COM · shares +0.3% · price +12.2% | 1.6% | $911.4M | +$99.1M | ||||||||
| Comcast Corp New Cl ACOM · shares +0.5% · price +4.1% | 1.5% | $864.9M | +$33.8M | ||||||||
| Fi Enhanced Lrg Cap Growth UbsCOM · shares −2.7% · price +1.1% | 1.5% | $858.1M | +$9.0M | ||||||||
| AlphabetCOM · shares +3.3% · price −1.4% | 1.4% | $827.1M | −$11.7M | ||||||||
| TSMCCOM · shares −2.8% · price −6.0% | 1.4% | $805.2M | −$51.5M | ||||||||
| Bank Amer CorpCOM · shares +1.2% · price +41.2% | 1.4% | $799.4M | +$230.6M | ||||||||
| Fi Enhanced Lrg Cap Growth CsCOM · shares +5.2% · price +0.8% | 1.4% | $792.9M | +$6.1M | ||||||||
| American Express CoCOM · shares +0.9% · price +15.7% | 1.4% | $787.5M | +$105.7M | ||||||||
| IntelCOM · shares +0.6% · price −3.9% | 1.3% | $724.0M | −$29.4M | ||||||||
| Procter And Gamble CoCOM · shares +0.2% · price −6.3% | 1.2% | $682.8M | −$45.9M | ||||||||
| Total · 783 positions | 100% | $57.43B | +$1.10B |
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 Q3 2016 to Q4 2016: 680 stocks held throughout, up $1.10B (+2.0%).
- Jpmorgan Chase& Co+$273.7M+30%
- Bank Amer Corp+$230.6M+41%
- Wells Fargo& Co New+$197.0M+24%
- Goldman Sachs+$151.5M+48%
- American Express Co+$105.7M+16%
- Visa Inc.−$69.1M−6%
- Ishares Tr Iboxx Inv Cp ETF−$86.1M−5%
- Hdfc Bank Ltd ADR−$90.8M−16%
- Anheuser Busch Inbev Sa/Nv ADR−$141.0M−20%
- Amazon−$172.9M−10%
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 ↗ |