13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q1 2019. See the latest, Q2 2026 →
Reported value
$85.30B
+17% on the quarter before
Positions
862
79 new · 83 sold out
Top 10
26.3%
of the value
Est. gain
+$10.22B
on stocks held all quarter
Est. return
+14.7%
on those stocks since Q4 2018
Positions as of Mar 31, 2019, 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, 47% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2018. Striped tiles are options.
Largest buys
Since Q4 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.
- Adobe~$330.2MAdded · 0.5% → 0.9%+1,238,916 shares
- Salesforce~$305.3MAdded · 0.6% → 1.0%+1,927,911 shares
- Vanguard Fds Int-Term Corp~$269.6MAdded · 1.5% → 1.6%+3,103,207 shares
- Netflix~$257.6MAdded · 0.0% → 0.3%+722,332 shares
- Conocophillips~$244.1MAdded · 0.0% → 0.3%+3,658,108 shares
- Schlumberger Ltd~$189.2MAdded · 0.3% → 0.6%+4,341,834 shares
- Fi Enhanced Lrg Cap Growth Gs~$177.8MAdded · 0.5% → 0.8%+1,625,016 shares
- Steris Plc~$142.2MNew · 0.0% → 0.2%+1,110,434 shares
- Fi Enhanced Glbl High Yld Ubs~$128.9MAdded · 1.8% → 2.1%+752,978 shares
- Hess Corp~$123.2MNew · 0.0% → 0.1%+2,044,909 shares
Largest sells
Since Q4 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.
- Pepsico Inc Com~$811.6MCut · 1.0% → 0.0%−6,622,837 shares
- Procter And Gamble Co~$556.2MCut · 1.3% → 0.6%−5,345,749 shares
- Unilever N V ADR~$189.6MCut · 0.3% → 0.1%−3,253,469 shares
- Steris Plc Shs Usd~$150.4MSold out · 0.2% → 0.0%−1,407,120 shares
- Grupo Televisa Sa ADR~$118.9MSold out · 0.2% → 0.0%−9,454,234 shares
- Reckitt Benckiser Grp Plc ADR~$96.2MCut · 0.2% → 0.0%−5,782,957 shares
- Vanguard Industrials ETF~$83.7MCut · 0.1% → 0.0%−598,931 shares
- Finisar Corp~$80.8MSold out · 0.1% → 0.0%−3,739,179 shares
- Dominos Pizza Inc~$71.5MCut · 0.4% → 0.2%−277,188 shares
- Ingredion Inc~$62.3MSold out · 0.1% → 0.0%−681,961 shares
Holdings
As of Mar 31, 2019. Changes are in shares against Dec 31, 2018, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Visa Inc.COM · shares +2.9% · price +18.4% | 3.5% | $2.99B | +$451.6M | ||||||||
| AmazonCOM · shares +2.9% · price +18.6% | 3.5% | $2.97B | +$451.9M | ||||||||
| AppleCOM · shares +3.3% · price +20.4% | 2.9% | $2.51B | +$411.2M | ||||||||
| Ishares Tr Iboxx Inv Cp ETFCOM · shares −1.9% · price +5.5% | 2.9% | $2.48B | +$130.1M | ||||||||
| MicrosoftCOM · shares +3.1% · price +16.1% | 2.8% | $2.36B | +$318.3M | ||||||||
| AlibabaCOM · shares +0.5% · price +33.1% | 2.5% | $2.11B | +$521.1M | ||||||||
| Fi Enhanced Lrg Cap Growth CsCOM · shares −2.3% · price +32.9% | 2.2% | $1.84B | +$454.9M | ||||||||
| Pfizer IncCOM · shares +1.8% · price −2.7% | 2.1% | $1.81B | −$49.4M | ||||||||
| Fi Enhanced Glbl High Yld UbsCOM · shares +7.9% · price +20.9% | 2.1% | $1.76B | +$282.8M | ||||||||
| Johnson& JohnsonCOM · shares +1.8% · price +8.3% | 1.9% | $1.61B | +$121.8M | ||||||||
| AlphabetCOM · shares +3.1% · price +12.6% | 1.9% | $1.60B | +$174.4M | ||||||||
| CiscoCOM · shares +4.0% · price +24.6% | 1.8% | $1.53B | +$291.4M | ||||||||
| Fi Enhanced Glbl High Yld BcsbCOM · shares −1.6% · price +20.6% | 1.7% | $1.49B | +$254.8M | ||||||||
| TSMCCOM · shares −2.6% · price +11.0% | 1.7% | $1.45B | +$143.0M | ||||||||
| Vanguard Fds Int-Term CorpCOM · shares +24% · price +4.8% | 1.6% | $1.39B | +$51.5M | ||||||||
| IntelCOM · shares +3.3% · price +14.4% | 1.6% | $1.38B | +$169.0M | ||||||||
| Fi Enhanced Lrg Cap Growth UbsCOM · shares −1.7% · price +32.3% | 1.6% | $1.37B | +$334.0M | ||||||||
| American Express CoCOM · shares +2.7% · price +14.7% | 1.4% | $1.20B | +$149.3M | ||||||||
| Softbank Group Corp ADR ADRCOM · shares +4.1% · price +45.8% | 1.3% | $1.14B | +$344.6M | ||||||||
| Walmart IncCOM · shares +1.1% · price +4.7% | 1.2% | $1.01B | +$45.0M | ||||||||
| Total S A ADRCOM · shares +6.4% · price +6.7% | 1.2% | $999.7M | +$58.6M | ||||||||
| Tencent Hldgs Ltd ADR ADRCOM · shares +2.8% · price +14.7% | 1.1% | $914.6M | +$113.8M | ||||||||
| Home Depot IncCOM · shares +2.9% · price +11.7% | 1.1% | $905.1M | +$92.0M | ||||||||
| Royal Dutch Shell Plc ADRCOM · shares +6.7% · price +7.4% | 0.99% | $847.8M | +$54.9M | ||||||||
| SalesforceCOM · shares +56% · price +15.6% | 0.99% | $846.3M | +$73.1M | ||||||||
| Total · 862 positions | 100% | $85.30B | +$10.22B |
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 2018 to Q1 2019: 730 stocks held throughout, up $10.22B (+14.7%).
- Alibaba+$521.1M+33%
- Fi Enhanced Lrg Cap Growth Cs+$454.9M+33%
- Amazon+$451.9M+19%
- Visa Inc.+$451.6M+18%
- Apple+$411.2M+20%
- Ubs Group Ag−$13.2M−2%
- Itau Unibanco Hldg Sa Spon ADR−$14.6M−4%
- Societe Generale France Sp ADR−$14.9M−9%
- Siemens A G ADR−$20.4M−3%
- Pfizer Inc−$49.4M−3%
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 ↗ |