13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q1 2017. See the latest, Q2 2026 →
Reported value
$62.44B
+8.7% on the quarter before
Positions
773
83 new · 93 sold out
Top 10
23.7%
of the value
Est. gain
+$4.13B
on stocks held all quarter
Est. return
+7.5%
on those stocks since Q4 2016
Positions as of Mar 31, 2017, 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, 45% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2016. Striped tiles are options.
Largest buys
Since Q4 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.
- Ishares Tr Iboxx Inv Cp ETF~$609.0MAdded · 3.0% → 3.7%+5,165,161 shares
- Vodafone Group Plc New ADR~$328.3MNew · 0.0% → 0.5%+12,420,913 shares
- Daimler Ag Unsponsor ADR ADR~$293.6MNew · 0.0% → 0.5%+3,960,463 shares
- Alibaba~$241.5MAdded · 0.5% → 1.0%+2,240,084 shares
- Itau Unibanco Hldg Sa Spon ADR~$135.3MNew · 0.0% → 0.2%+11,206,758 shares
- Netease Inc Sponsored ADR ADR~$98.4MNew · 0.0% → 0.2%+346,530 shares
- Baidu~$69.1MAdded · 0.3% → 0.4%+400,412 shares
- Fi Enhanced Glbl High Yld Ubs~$63.6MAdded · 0.9% → 1.0%+453,486 shares
- Verifone Sys Inc~$60.2MNew · 0.0% → 0.1%+3,212,341 shares
- Infinera Corporation~$52.4MNew · 0.0% → 0.1%+5,124,531 shares
Largest sells
Since Q4 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.
- SPDR Bloomberg Barc Sht ETF~$545.5MCut · 1.0% → 0.1%−17,821,649 shares
- Daimler Ag ADR~$332.8MSold out · 0.6% → 0.0%−4,461,723 shares
- General Electric Co~$280.4MCut · 1.7% → 1.1%−9,408,543 shares
- Nxp Semiconductors N V~$120.5MSold out · 0.2% → 0.0%−1,229,604 shares
- Mentor Graphics Corp~$63.3MSold out · 0.1% → 0.0%−1,716,970 shares
- Heartland Express Inc~$45.4MSold out · 0.1% → 0.0%−2,231,867 shares
- Dbs Group Hldgs Ltd ADR~$44.2MSold out · 0.1% → 0.0%−920,652 shares
- Swift Transn Co~$43.8MSold out · 0.1% → 0.0%−1,796,128 shares
- Kate Spade& Co~$41.2MSold out · 0.1% → 0.0%−2,204,346 shares
- Ping An Ins Group Co China ADR~$38.1MCut · 0.1% → 0.0%−3,410,692 shares
Holdings
As of Mar 31, 2017. Changes are in shares against Dec 31, 2016, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ishares Tr Iboxx Inv Cp ETFCOM · shares +35% · price +0.6% | 3.7% | $2.33B | +$10.6M | ||||||||
| AmazonCOM · shares +1.1% · price +18.2% | 2.9% | $1.80B | +$273.7M | ||||||||
| AppleCOM · shares +1.2% · price +24.0% | 2.7% | $1.67B | +$320.1M | ||||||||
| Fi Enhanced Glbl High Yld BcsCOM · shares −2.3% · price +11.2% | 2.3% | $1.44B | +$145.4M | ||||||||
| Johnson& JohnsonCOM · shares +1.2% · price +8.1% | 2.2% | $1.38B | +$102.3M | ||||||||
| Visa Inc.COM · shares +1.4% · price +13.9% | 2.2% | $1.35B | +$162.3M | ||||||||
| Home Depot IncCOM · shares +1.3% · price +9.5% | 2.0% | $1.27B | +$108.9M | ||||||||
| MicrosoftCOM · shares +1.1% · price +6.0% | 2.0% | $1.23B | +$68.6M | ||||||||
| Jpmorgan Chase& CoCOM · shares −0.4% · price +1.8% | 2.0% | $1.22B | +$21.5M | ||||||||
| Fiig Eu EmFUND · shares +4.4% · price +12.7% | 1.8% | $1.12B | +$121.8M | ||||||||
| Pfizer IncCOM · shares +1.7% · price +5.3% | 1.8% | $1.12B | +$55.7M | ||||||||
| Wells Fargo& Co NewCOM · shares −0.8% · price +1.0% | 1.6% | $1.01B | +$10.0M | ||||||||
| Walt Disney Company (The)COM · shares +1.2% · price +8.8% | 1.6% | $1.00B | +$80.2M | ||||||||
| Fi Enhanced Lrg Cap Growth UbsCOM · shares −2.1% · price +17.6% | 1.6% | $988.2M | +$147.9M | ||||||||
| Fi Enhanced Lrg Cap Growth CsCOM · shares +5.5% · price +17.6% | 1.6% | $983.7M | +$139.5M | ||||||||
| United Technologies CorpCOM · shares +1.3% · price +2.4% | 1.5% | $957.8M | +$21.8M | ||||||||
| Comcast Corp New Cl ACOM · shares +1.3% · price +8.9% | 1.5% | $953.5M | +$76.8M | ||||||||
| Berkshire Hathaway Inc Cl BCOM · shares +1.4% · price +2.3% | 1.5% | $953.1M | +$20.9M | ||||||||
| TSMCCOM · shares +0.7% · price +14.2% | 1.5% | $925.7M | +$114.5M | ||||||||
| AlphabetCOM · shares +2.6% · price +7.0% | 1.5% | $908.3M | +$57.8M | ||||||||
| American Express CoCOM · shares +2.3% · price +6.8% | 1.4% | $860.6M | +$53.5M | ||||||||
| Bank Amer CorpCOM · shares +0.04% · price +6.7% | 1.4% | $853.6M | +$53.9M | ||||||||
| Procter And Gamble CoCOM · shares +1.8% · price +6.9% | 1.2% | $742.7M | +$46.9M | ||||||||
| IntelCOM · shares +1.0% · price −0.6% | 1.2% | $727.4M | −$4.0M | ||||||||
| General Electric CoCOM · shares −30% · price −5.7% | 1.1% | $665.2M | −$40.2M | ||||||||
| Total · 773 positions | 100% | $62.44B | +$4.13B |
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 Q4 2016 to Q1 2017: 650 stocks held throughout, up $4.13B (+7.5%).
- Apple+$320.1M+24%
- Amazon+$273.7M+18%
- Visa Inc.+$162.3M+14%
- Fi Enhanced Lrg Cap Growth Ubs+$147.9M+18%
- Fi Enhanced Glbl High Yld Bcs+$145.4M+11%
- Dr Reddys Labs Ltd ADR−$28.5M−11%
- Chevron Corp New−$37.3M−9%
- Exxon Mobil Corp−$38.4M−9%
- General Electric Co−$40.2M−6%
- Qualcomm−$76.1M−12%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 3 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 ↗ |