13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q2 2017. See the latest, Q2 2026 →
Reported value
$66.32B
+6.2% on the quarter before
Positions
802
104 new · 75 sold out
Top 10
23.0%
of the value
Est. gain
+$2.55B
on stocks held all quarter
Est. return
+4.7%
on those stocks since Q1 2017
Positions as of Jun 30, 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, 41% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2017. Striped tiles are options.
Largest buys
Since Q1 2017, 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.
- Softbank Group Corp ADR ADR~$693.0MAdded · 0.1% → 1.1%+17,119,933 shares
- Alibaba~$678.2MAdded · 1.0% → 2.2%+4,813,431 shares
- Ing Groep N V ADR~$576.3MAdded · 0.1% → 0.9%+33,140,211 shares
- Banco Santander Sa ADR~$519.6MAdded · 0.0% → 0.8%+77,669,044 shares
- Bnp Paribas ADR~$490.8MAdded · 0.1% → 0.8%+13,647,263 shares
- Tencent Hldgs Ltd ADR ADR~$477.9MAdded · 0.1% → 0.9%+13,363,305 shares
- Sumitomo Mitsui Finl Group ADR~$384.9MNew · 0.0% → 0.6%+48,974,918 shares
- Vodafone Group Plc New ADR~$324.1MAdded · 0.5% → 1.0%+11,281,706 shares
- Intesa Sanpaolo S P A ADR~$316.9MAdded · 0.1% → 0.6%+16,682,592 shares
- Astrazeneca Plc ADR~$312.3MAdded · 0.1% → 0.6%+9,160,764 shares
Largest sells
Since Q1 2017, 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.
- Wells Fargo Co New~$971.3MCut · 1.6% → 0.1%−17,529,159 shares
- Jpmorgan Chase& Co~$633.6MCut · 2.0% → 1.0%−6,932,074 shares
- United Technologies Corp~$594.3MCut · 1.5% → 0.7%−4,866,805 shares
- Home Depot Inc~$509.7MCut · 2.0% → 1.2%−3,322,656 shares
- Qualcomm~$494.1MCut · 0.9% → 0.1%−8,947,912 shares
- Bank Amer Corp~$491.4MCut · 1.4% → 0.6%−20,254,743 shares
- Berkshire Hathaway Inc Cl B~$476.4MCut · 1.5% → 0.7%−2,812,966 shares
- Walt Disney Company (The)~$471.2MCut · 1.6% → 0.7%−4,434,430 shares
- Comcast Corp New Cl A~$460.7MCut · 1.5% → 0.8%−11,836,945 shares
- Coca Cola Co~$456.7MCut · 0.7% → 0.0%−10,181,790 shares
Holdings
As of Jun 30, 2017. Changes are in shares against Mar 31, 2017, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ishares Tr Iboxx Inv Cp ETFCOM · shares +6.6% · price +2.2% | 3.8% | $2.53B | +$51.3M | ||||||||
| AmazonCOM · shares −16% · price +9.2% | 2.5% | $1.65B | +$138.5M | ||||||||
| Johnson& JohnsonCOM · shares +3.7% · price +6.2% | 2.3% | $1.52B | +$85.9M | ||||||||
| AppleCOM · shares −9.3% · price +0.3% | 2.3% | $1.52B | +$3.8M | ||||||||
| Fi Enhanced Glbl High Yld BcsCOM · shares −1.1% · price +5.7% | 2.3% | $1.51B | +$81.5M | ||||||||
| Visa Inc.COM · shares +3.0% · price +5.5% | 2.2% | $1.46B | +$74.5M | ||||||||
| AlibabaCOM · shares +87% · price +30.7% | 2.2% | $1.45B | +$182.1M | ||||||||
| Fiig Eu EmFUND · shares +2.5% · price +8.6% | 1.9% | $1.25B | +$96.9M | ||||||||
| TSMCCOM · shares +22% · price +6.5% | 1.8% | $1.21B | +$59.8M | ||||||||
| Fi Enhanced Lrg Cap Growth CsCOM · shares +6.5% · price +9.4% | 1.7% | $1.15B | +$92.3M | ||||||||
| Pfizer IncCOM · shares +3.9% · price −1.8% | 1.7% | $1.14B | −$20.3M | ||||||||
| MicrosoftCOM · shares −14% · price +4.7% | 1.7% | $1.10B | +$49.1M | ||||||||
| Fi Enhanced Lrg Cap Growth UbsCOM · shares −1.3% · price +9.2% | 1.6% | $1.07B | +$89.4M | ||||||||
| AlphabetCOM · shares −4.7% · price +9.7% | 1.4% | $949.7M | +$83.6M | ||||||||
| American Express CoCOM · shares +3.4% · price +6.5% | 1.4% | $947.5M | +$55.8M | ||||||||
| Home Depot IncCOM · shares −38% · price +4.5% | 1.2% | $817.2M | +$35.0M | ||||||||
| Fi Enhanced Glbl High Yld UbsCOM · shares +13% · price +6.7% | 1.2% | $774.3M | +$43.0M | ||||||||
| Procter And Gamble CoCOM · shares +4.5% · price −3.0% | 1.1% | $752.6M | −$22.3M | ||||||||
| Softbank Group Corp ADR ADRCOM · shares +1,807% · price +14.8% | 1.1% | $731.4M | +$4.9M | ||||||||
| Siemens A G ADRCOM · shares +35% · price −0.0% | 1.1% | $715.2M | −$252,550 | ||||||||
| Hdfc Bank Ltd ADRCOM · shares −0.3% · price +15.6% | 1.1% | $707.8M | +$95.6M | ||||||||
| IntelCOM · shares +3.1% · price −6.5% | 1.1% | $701.5M | −$47.0M | ||||||||
| Ubs Group AgCOM · shares +7.0% · price +6.5% | 1.0% | $682.0M | +$38.7M | ||||||||
| Vodafone Group Plc New ADRCOM · shares +91% · price +8.7% | 1.0% | $681.0M | +$28.6M | ||||||||
| Sap Se ADRCOM · shares +3.8% · price +6.6% | 1.0% | $676.4M | +$40.5M | ||||||||
| Total · 802 positions | 100% | $66.32B | +$2.55B |
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 2017 to Q2 2017: 659 stocks held throughout, up $2.55B (+4.7%).
- Alibaba+$182.1M+31%
- Amazon+$138.5M+9%
- Fiig Eu Em+$96.9M+9%
- Hdfc Bank Ltd ADR+$95.6M+16%
- Fi Enhanced Lrg Cap Growth Cs+$92.3M+9%
- Basf Se ADR−$22.5M−7%
- Walt Disney Company (The)−$31.5M−6%
- Cisco−$39.2M−7%
- Intel−$47.0M−6%
- General Electric Co−$59.2M−9%
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 ↗ |