13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q1 2018. See the latest, Q2 2026 →
Reported value
$75.40B
−1.5% on the quarter before
Positions
829
71 new · 164 sold out
Top 10
25.8%
of the value
Est. gain
−$506.6M
on stocks held all quarter
Est. return
−0.7%
on those stocks since Q4 2017
Positions as of Mar 31, 2018, 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 Q4 2017. Striped tiles are options.
Largest buys
Since Q4 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.
- Fi Enhanced Glbl High Yld Bcsb~$1.49BNew · 0.0% → 2.0%+15,406,823 shares
- Fi Enhanced Eur 50 Etn C Bcs~$430.8MNew · 0.0% → 0.6%+4,351,098 shares
- Schlumberger Ltd~$378.5MAdded · 0.0% → 0.5%+5,842,253 shares
- Royal Dutch Shell Plc ADR~$329.6MAdded · 0.0% → 0.4%+5,165,690 shares
- Vanguard Fds Int-Term Corp~$178.3MAdded · 0.2% → 0.4%+2,101,400 shares
- Fi Enhanced Glbl High Yld Ubs~$129.0MAdded · 1.4% → 1.6%+797,511 shares
- Fi Enhanced Lrg Cap Growth Cs~$126.3MAdded · 2.2% → 2.4%+542,255 shares
- Ishares Tr Iboxx Inv Cp ETF~$124.5MAdded · 3.6% → 3.7%+1,060,296 shares
- Lennar Corp Cl A~$106.6MNew · 0.0% → 0.1%+1,808,496 shares
- Amazon~$86.1MAdded · 2.7% → 3.6%+59,516 shares
Largest sells
Since Q4 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.
- Fi Enhanced Glbl High Yld Bcs~$1.51BCut · 2.2% → 0.1%−9,348,140 shares
- Fiig Eu Em~$1.39BSold out · 1.8% → 0.0%−10,901,216 shares
- Fiig Eu Em Esg~$593.5MSold out · 0.8% → 0.0%−4,950,586 shares
- Fi Enhanced Europe 50 Etn Bcs~$435.7MCut · 0.6% → 0.0%−3,523,616 shares
- Citigroup Inc~$305.2MCut · 0.5% → 0.0%−4,521,648 shares
- Fiig Eu Em Sc Esg~$265.4MSold out · 0.3% → 0.0%−2,044,546 shares
- American Express Co~$198.0MCut · 1.5% → 1.2%−2,122,254 shares
- Calatlantic Group Inc~$123.1MSold out · 0.2% → 0.0%−2,182,745 shares
- Hdfc Bank Ltd ADR~$104.2MCut · 1.1% → 0.9%−1,054,540 shares
- Dst Sys Inc Del~$92.5MSold out · 0.1% → 0.0%−1,490,453 shares
Holdings
As of Mar 31, 2018. Changes are in shares against Dec 31, 2017, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ishares Tr Iboxx Inv Cp ETFCOM · shares +4.7% · price −3.4% | 3.7% | $2.78B | −$94.3M | ||||||||
| AmazonCOM · shares +3.3% · price +23.8% | 3.6% | $2.68B | +$498.4M | ||||||||
| Visa Inc.COM · shares +3.8% · price +4.9% | 2.7% | $2.04B | +$91.9M | ||||||||
| AlibabaCOM · shares +1.1% · price +6.4% | 2.6% | $1.98B | +$118.6M | ||||||||
| AppleCOM · shares +4.3% · price −0.9% | 2.6% | $1.96B | −$16.3M | ||||||||
| Fi Enhanced Lrg Cap Growth CsCOM · shares +7.5% · price +2.1% | 2.4% | $1.82B | +$34.9M | ||||||||
| Johnson& JohnsonCOM · shares +4.2% · price −8.3% | 2.1% | $1.62B | −$140.3M | ||||||||
| MicrosoftCOM · shares +3.8% · price +6.7% | 2.1% | $1.61B | +$97.1M | ||||||||
| Fi Enhanced Glbl High Yld BcsbCOM · shares New | 2.0% | $1.49B | — | ||||||||
| TSMCCOM · shares −0.4% · price +10.4% | 2.0% | $1.48B | +$139.2M | ||||||||
| Pfizer IncCOM · shares +3.9% · price −2.0% | 1.8% | $1.34B | −$26.6M | ||||||||
| Fi Enhanced Lrg Cap Growth UbsCOM · shares −2.0% · price +1.9% | 1.8% | $1.33B | +$25.4M | ||||||||
| AlphabetCOM · shares +6.1% · price −1.5% | 1.6% | $1.22B | −$18.0M | ||||||||
| IntelCOM · shares +4.1% · price +12.8% | 1.6% | $1.18B | +$129.1M | ||||||||
| Fi Enhanced Glbl High Yld UbsCOM · shares +12% · price −6.0% | 1.6% | $1.17B | −$66.7M | ||||||||
| Tencent Hldgs Ltd ADR ADRCOM · shares +3.2% · price +0.5% | 1.2% | $916.4M | +$4.3M | ||||||||
| American Express CoCOM · shares −18% · price −6.1% | 1.2% | $909.5M | −$58.8M | ||||||||
| Walmart IncCOM · shares +5.6% · price −9.9% | 1.1% | $817.7M | −$85.2M | ||||||||
| Ubs Group AgCOM · shares +3.5% · price −4.0% | 1.0% | $784.0M | −$31.3M | ||||||||
| Softbank Group Corp ADR ADRCOM · shares +4.4% · price −7.3% | 1.0% | $767.6M | −$58.0M | ||||||||
| Vodafone Group Plc New ADRCOM · shares +4.5% · price −12.8% | 1.0% | $755.0M | −$105.9M | ||||||||
| Procter And Gamble CoCOM · shares +3.8% · price −13.7% | 1.00% | $752.6M | −$115.3M | ||||||||
| Home Depot IncCOM · shares +6.3% · price −6.0% | 1.00% | $751.8M | −$44.8M | ||||||||
| CiscoCOM · shares +3.7% · price +12.0% | 0.98% | $742.3M | +$76.6M | ||||||||
| Sap Se ADRCOM · shares +1.9% · price −6.4% | 0.97% | $734.3M | −$49.3M | ||||||||
| Total · 829 positions | 100% | $75.40B | −$506.6M |
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 2017 to Q1 2018: 710 stocks held throughout, down $506.6M (−0.7%).
- Amazon+$498.4M+24%
- TSMC+$139.2M+10%
- Intel+$129.1M+13%
- Alibaba+$118.6M+6%
- Microsoft+$97.1M+7%
- Walmart Inc−$85.2M−10%
- Ishares Tr Iboxx Inv Cp ETF−$94.3M−3%
- Vodafone Group Plc New ADR−$105.9M−13%
- Procter And Gamble Co−$115.3M−14%
- Johnson& Johnson−$140.3M−8%
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 ↗ |