13F filer · CIK 850529 ↗

Fisher Investments

You are looking at Q2 2018. See the latest, Q2 2026 →

Reported value

$77.02B

+2.1% on the quarter before

Positions

862

102 new · 69 sold out

Top 10

26.4%

of the value

Est. gain

−$22.5M

on stocks held all quarter

Est. return

−0.0%

on those stocks since Q1 2018

Filed

Jul 9, 2018

On SEC EDGAR ↗

Positions as of Jun 30, 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 Q1 2018. Striped tiles are options.

Ishares Tr Iboxx Inv Cp ETF3.5%
Amazon3.4%Visa Inc.3.0%Apple2.9%Alibaba2.6%
Fi Enhanced Lrg Cap Growth Cs2.6%
Microsoft2.3%
Johnson& Johnson2.1%
Fi Enhanced Glbl High Yld Bcsb1.9%
Fi Enhanced Lrg Cap Growth Ubs1.9%
Pfizer Inc1.9%
Alphabet1.8%
Fi Enhanced Glbl High Yld Ubs1.7%
TSMC1.6%Intel1.5%
American Express Co1.3%
Tencent Hldgs Ltd ADR ADR1.2%
Home Depot Inc1.1%
Walmart Inc1.1%
Softbank Group Corp ADR ADR1.0%
Cisco1.0%
Procter And Gamble Co1.0%
Sap Se ADR1.0%
Hsbc Hldgs Plc ADR0.9%

Largest buys

Since Q1 2018, 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.

  1. Fi Enhanced Europe 50 Etn Cs B~$294.0MNew · 0.0% → 0.4%+3,218,864 shares
  2. Bhp Billiton Ltd Sponsored ADR~$273.8MNew · 0.0% → 0.4%+5,473,988 shares
  3. Fi Enhanced Eur 50 Etn C Bcs~$257.0MAdded · 0.6% → 0.9%+2,715,294 shares
  4. Freeport-McMoRan~$249.9MNew · 0.0% → 0.3%+14,476,496 shares
  5. Rio Tinto Plc ADR~$227.8MNew · 0.0% → 0.3%+4,106,200 shares
  6. Petroleo Brasileiro Sa Pet ADR~$212.8MAdded · 0.2% → 0.4%+21,213,267 shares
  7. Vale S A ADR~$204.6MAdded · 0.0% → 0.3%+15,961,058 shares
  8. Vanguard Fds Int-Term Corp~$190.6MAdded · 0.4% → 0.7%+2,282,572 shares
  9. Bhp Billiton Plc Sponsored ADR~$186.2MNew · 0.0% → 0.2%+4,142,899 shares
  10. Ase Technology Holding Co ADR~$185.7MNew · 0.0% → 0.2%+40,377,735 shares

Largest sells

Since Q1 2018, 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.

  1. Amazon~$492.9MCut · 3.6% → 3.4%−289,997 shares
  2. Fi Enhanced Europe 50 Etn Cs~$252.1MCut · 0.4% → 0.0%−2,047,079 shares
  3. Hdfc Bank Ltd ADR~$238.4MCut · 0.9% → 0.6%−2,270,241 shares
  4. Comcast Corp New Cl A~$228.2MCut · 0.4% → 0.1%−6,954,282 shares
  5. Fi Enhanced Eur 50 Etn B Bcs~$226.1MCut · 0.4% → 0.1%−1,599,997 shares
  6. Advanced Semiconductor Eng ADR~$225.9MSold out · 0.3% → 0.0%−31,122,404 shares
  7. Walt Disney Company (The)~$197.8MCut · 0.3% → 0.1%−1,886,826 shares
  8. Dr Reddys Labs Ltd ADR~$165.3MSold out · 0.2% → 0.0%−5,055,686 shares
  9. Tata Mtrs Ltd ADR~$90.9MSold out · 0.1% → 0.0%−3,536,614 shares
  10. Cipla Gdr Each Repr 1 Ord Gdr~$79.3MSold out · 0.1% → 0.0%−9,470,389 shares

Holdings

As of Jun 30, 2018. Changes are in shares against Mar 31, 2018, so a price move alone never reads as a buy or a sale.

Positions, sorted by share of the portfolio
HoldingValue
Ishares Tr Iboxx Inv Cp ETFCOM · shares −0.9% · price −2.4%3.5%$2.69B−$66.2M
AmazonCOM · shares −16% · price +17.4%3.4%$2.66B+$394.6M
Visa Inc.COM · shares +3.8% · price +10.7%3.0%$2.34B+$218.7M
AppleCOM · shares +4.0% · price +10.3%2.9%$2.25B+$202.6M
AlibabaCOM · shares +1.6% · price +1.1%2.6%$2.04B+$21.5M
Fi Enhanced Lrg Cap Growth CsCOM · shares −0.2% · price +9.5%2.6%$1.98B+$171.6M
MicrosoftCOM · shares +4.1% · price +8.0%2.3%$1.81B+$129.2M
Johnson& JohnsonCOM · shares +3.8% · price −5.3%2.1%$1.59B−$86.1M
Fi Enhanced Glbl High Yld BcsbCOM · shares +1.5% · price −1.4%1.9%$1.49B−$21.3M
Fi Enhanced Lrg Cap Growth UbsCOM · shares −1.2% · price +10.6%1.9%$1.46B+$140.2M
Pfizer IncCOM · shares +4.4% · price +2.2%1.9%$1.43B+$29.8M
AlphabetCOM · shares +4.8% · price +8.9%1.8%$1.39B+$108.0M
Fi Enhanced Glbl High Yld UbsCOM · shares +11% · price −1.5%1.7%$1.28B−$18.0M
TSMCCOM · shares +0.9% · price −16.5%1.6%$1.25B−$243.9M
IntelCOM · shares +3.3% · price −4.6%1.5%$1.16B−$53.8M
American Express CoCOM · shares +3.7% · price +5.1%1.3%$990.9M+$46.0M
Tencent Hldgs Ltd ADR ADRCOM · shares +4.3% · price −3.8%1.2%$919.6M−$35.0M
Home Depot IncCOM · shares +2.6% · price +9.5%1.1%$844.1M+$71.1M
Walmart IncCOM · shares +4.5% · price −3.7%1.1%$823.0M−$30.5M
Softbank Group Corp ADR ADRCOM · shares +3.6% · price −1.9%1.0%$780.0M−$14.8M
CiscoCOM · shares +3.8% · price +0.3%1.0%$773.2M+$2.4M
Procter And Gamble CoCOM · shares +3.7% · price −1.5%1.00%$768.4M−$11.6M
Sap Se ADRCOM · shares −6.1% · price +10.0%0.98%$758.2M+$68.8M
Hsbc Hldgs Plc ADRCOM · shares +3.7% · price −1.1%0.93%$719.5M−$7.8M
Ubs Group AgCOM · shares +4.7% · price −13.1%0.93%$712.8M−$103.0M
Total · 862 positions100%$77.02B−$22.5M
The filing on SEC EDGAR ↗

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 2018 to Q2 2018: 711 stocks held throughout, down $22.5M (−0.0%).

  1. Amazon+$394.6M+17%
  2. Visa Inc.+$218.7M+11%
  3. Apple+$202.6M+10%
  4. Fi Enhanced Lrg Cap Growth Cs+$171.6M+9%
  5. Fi Enhanced Lrg Cap Growth Ubs+$140.2M+11%
  6. Banco Santander Sa ADR−$107.9M−18%
  7. Ing Groep N V ADR−$108.6M−15%
  8. Itau Unibanco Hldg Sa Spon ADR−$136.8M−33%
  9. Banco Bradesco S A Sp ADR ADR−$161.8M−42%
  10. TSMC−$243.9M−16%

Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.

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.

$400.00B$200.00B$0
Q1 2016Q2 2026
Every quarter's filing
Each quarter's 13F filing, newest first
QuarterReported valueFiling
Q2 2026$335.83B+14%SEC ↗
Q1 2026$294.89B+1%SEC ↗
Q4 2025$292.99B+6%SEC ↗
Q3 2025$276.29B+10%SEC ↗
Q2 2025$251.89B+9%SEC ↗
Q1 2025$231.00B−8%SEC ↗
Q4 2024$251.33B+3%SEC ↗
Q3 2024$244.02B+6%SEC ↗
Q2 2024$229.85B+7%SEC ↗
Q1 2024$214.11B+13%SEC ↗
Q4 2023$189.13B+7%SEC ↗
Q3 2023$176.32B−3%SEC ↗
Q2 2023$180.88B+10%SEC ↗
Q1 2023$164.66B+11%SEC ↗
Q4 2022$147.93B+11%SEC ↗
Q3 2022$133.41B−6%SEC ↗
Q2 2022$141.30B−17%SEC ↗
Q1 2022$169.49B−5%SEC ↗
Q4 2021$178.57B+11%SEC ↗
Q3 2021$161.00B+1%SEC ↗
Q2 2021$159.27B+12%SEC ↗
Q1 2021$141.96B+6%SEC ↗
Q4 2020$133.48B+17%SEC ↗
Q3 2020$114.26B+12%SEC ↗
Q2 2020$102.46B+27%SEC ↗
Q1 2020$80.64B−19%SEC ↗
Q4 2019$98.96B+9%SEC ↗
Q3 2019$91.13B+1%SEC ↗
Q2 2019$90.45B+6%SEC ↗
Q1 2019$85.30B+17%SEC ↗
Q4 2018$73.22B−11%SEC ↗
Q3 2018$82.37B+7%SEC ↗
Q2 2018$77.02B+2%SEC ↗
Q1 2018$75.40B−2%SEC ↗
Q4 2017$76.56B+7%SEC ↗
Q3 2017$71.30B+8%SEC ↗
Q2 2017$66.32B+6%SEC ↗
Q1 2017$62.44B+9%SEC ↗
Q4 2016$57.43B+2%SEC ↗
Q3 2016$56.32B+4%SEC ↗
Q2 2016$53.89B+2%SEC ↗
Q1 2016$52.63BSEC ↗

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