13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q3 2017. See the latest, Q2 2026 →
Reported value
$71.30B
+7.5% on the quarter before
Positions
843
120 new · 79 sold out
Top 10
23.2%
of the value
Est. gain
+$3.55B
on stocks held all quarter
Est. return
+5.4%
on those stocks since Q2 2017
Positions as of Sep 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 Q2 2017. Striped tiles are options.
Largest buys
Since Q2 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.
- Roche Hldg Ltd ADR~$131.5MAdded · 0.6% → 0.7%+4,117,258 shares
- Ishares Tr Iboxx Inv Cp ETF~$124.0MAdded · 3.8% → 3.7%+1,022,960 shares
- Banco Bradesco S A Sp ADR ADR~$106.4MAdded · 0.2% → 0.4%+9,611,759 shares
- Itau Unibanco Hldg Sa Spon ADR~$102.4MAdded · 0.2% → 0.4%+7,472,507 shares
- Fi Enhanced Glbl High Yld Ubs~$84.8MAdded · 1.2% → 1.3%+523,921 shares
- Fi Enhanced Lrg Cap Growth Cs~$67.0MAdded · 1.7% → 1.9%+339,907 shares
- Amazon~$52.8MAdded · 2.5% → 2.4%+54,894 shares
- Apple~$50.8MAdded · 2.3% → 2.4%+329,794 shares
- Fi Enhanced Eur 50 Etn B Bcs~$46.8MAdded · 0.2% → 0.2%+302,083 shares
- Alphabet~$41.7MAdded · 1.4% → 1.5%+42,832 shares
Largest sells
Since Q2 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.
- Parexel Intl Corp~$183.8MSold out · 0.3% → 0.0%−2,114,547 shares
- SPDR Index Shs Fds Intl Hlth E~$142.8MSold out · 0.2% → 0.0%−2,843,824 shares
- Dupont Fabros Technology Inc~$72.5MSold out · 0.1% → 0.0%−1,184,808 shares
- Pnc Finl Svcs Group Inc~$32.6MCut · 0.1% → 0.0%−241,708 shares
- Fiig Eu Em~$27.2MCut · 1.9% → 1.8%−225,160 shares
- Hdfc Bank Ltd ADR~$26.8MCut · 1.1% → 1.1%−277,791 shares
- Equifax Inc~$23.2MSold out · 0.0% → 0.0%−168,722 shares
- Wells Fargo Co New~$22.1MCut · 0.1% → 0.0%−401,608 shares
- Avista Corp~$21.2MSold out · 0.0% → 0.0%−499,214 shares
- TSMC~$21.1MCut · 1.8% → 1.8%−561,326 shares
Holdings
As of Sep 30, 2017. Changes are in shares against Jun 30, 2017, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ishares Tr Iboxx Inv Cp ETFCOM · shares +4.9% · price +0.6% | 3.7% | $2.67B | +$15.1M | ||||||||
| AlibabaCOM · shares −0.3% · price +22.6% | 2.5% | $1.78B | +$327.3M | ||||||||
| AmazonCOM · shares +3.2% · price −0.7% | 2.4% | $1.69B | −$11.3M | ||||||||
| Visa Inc.COM · shares +2.3% · price +12.2% | 2.4% | $1.68B | +$179.0M | ||||||||
| AppleCOM · shares +3.1% · price +7.0% | 2.4% | $1.68B | +$106.6M | ||||||||
| Fi Enhanced Glbl High Yld BcsCOM · shares −1.0% · price +6.3% | 2.2% | $1.59B | +$94.6M | ||||||||
| Johnson& JohnsonCOM · shares +2.6% · price −1.7% | 2.2% | $1.53B | −$26.2M | ||||||||
| Fi Enhanced Lrg Cap Growth CsCOM · shares +5.3% · price +10.4% | 1.9% | $1.33B | +$118.8M | ||||||||
| Fiig Eu EmFUND · shares −2.0% · price +7.0% | 1.8% | $1.31B | +$85.4M | ||||||||
| TSMCCOM · shares −1.6% · price +7.4% | 1.8% | $1.27B | +$87.8M | ||||||||
| Pfizer IncCOM · shares +3.2% · price +6.3% | 1.8% | $1.25B | +$71.8M | ||||||||
| MicrosoftCOM · shares +2.7% · price +8.1% | 1.7% | $1.22B | +$89.0M | ||||||||
| Fi Enhanced Lrg Cap Growth UbsCOM · shares −1.0% · price +10.3% | 1.6% | $1.16B | +$108.3M | ||||||||
| American Express CoCOM · shares +2.7% · price +7.4% | 1.5% | $1.04B | +$70.0M | ||||||||
| AlphabetCOM · shares +4.2% · price +4.7% | 1.5% | $1.04B | +$45.0M | ||||||||
| Fi Enhanced Glbl High Yld UbsCOM · shares +10% · price +8.2% | 1.3% | $922.5M | +$63.3M | ||||||||
| Home Depot IncCOM · shares +2.9% · price +6.6% | 1.3% | $896.4M | +$54.1M | ||||||||
| IntelCOM · shares +2.3% · price +12.9% | 1.1% | $810.0M | +$90.2M | ||||||||
| Procter And Gamble CoCOM · shares +2.8% · price +4.4% | 1.1% | $807.9M | +$33.1M | ||||||||
| Softbank Group Corp ADR ADRCOM · shares +4.7% · price −0.3% | 1.1% | $763.1M | −$2.4M | ||||||||
| Siemens A G ADRCOM · shares +3.4% · price +2.7% | 1.1% | $759.4M | +$19.0M | ||||||||
| Hdfc Bank Ltd ADRCOM · shares −3.4% · price +10.8% | 1.1% | $757.5M | +$73.9M | ||||||||
| Sap Se ADRCOM · shares +2.1% · price +4.8% | 1.0% | $723.6M | +$32.2M | ||||||||
| Tencent Hldgs Ltd ADR ADRCOM · shares +0.7% · price +20.3% | 1.0% | $717.3M | +$120.4M | ||||||||
| Ubs Group AgCOM · shares +2.8% · price +1.0% | 0.99% | $708.4M | +$6.8M | ||||||||
| Total · 843 positions | 100% | $71.30B | +$3.55B |
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 Q2 2017 to Q3 2017: 679 stocks held throughout, up $3.55B (+5.4%).
- Alibaba+$327.3M+23%
- Visa Inc.+$179.0M+12%
- Tencent Hldgs Ltd ADR ADR+$120.4M+20%
- Fi Enhanced Lrg Cap Growth Cs+$118.8M+10%
- Baidu+$118.5M+38%
- Netease Inc Sponsored ADR ADR−$30.9M−12%
- Glaxosmithkline Plc ADR−$31.6M−6%
- Walt Disney Company (The)−$33.9M−7%
- Dr Reddys Labs Ltd ADR−$35.3M−15%
- General Electric Co−$60.1M−10%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 2 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 ↗ |