13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q2 2019. See the latest, Q2 2026 →
Reported value
$90.45B
+6.0% on the quarter before
Positions
902
108 new · 68 sold out
Top 10
26.9%
of the value
Est. gain
+$2.33B
on stocks held all quarter
Est. return
+2.8%
on those stocks since Q1 2019
Positions as of Jun 30, 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 Q1 2019. Striped tiles are options.
Largest buys
Since Q1 2019, 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.
- Ishares Msci Europe Fn ETF~$413.9MAdded · 0.1% → 0.6%+22,804,524 shares
- Ishares Tr Global Energ ETF~$352.7MAdded · 0.1% → 0.4%+10,861,181 shares
- Vanguard Fds Int-Term Corp~$331.1MAdded · 1.6% → 2.0%+3,684,863 shares
- Fi Enhanced Lrg Cap Growth Gs~$200.4MAdded · 0.8% → 1.0%+1,704,038 shares
- Ishares Inc Msci Spain ETF~$192.6MAdded · 0.0% → 0.2%+6,662,387 shares
- Fi Enhanced Glbl High Yld Ubs~$135.9MAdded · 2.1% → 2.2%+754,977 shares
- Apple~$108.2MAdded · 2.9% → 3.0%+546,597 shares
- Visa Inc.~$108.0MAdded · 3.5% → 3.8%+622,075 shares
- Microsoft~$104.3MAdded · 2.8% → 3.1%+778,351 shares
- Amazon~$100.6MAdded · 3.5% → 3.6%+53,132 shares
Largest sells
Since Q1 2019, 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.
- Total S A ADR~$212.6MCut · 1.2% → 0.9%−3,811,548 shares
- Ing Groep N V ADR~$119.5MCut · 0.7% → 0.5%−10,326,397 shares
- Intesa Sanpaolo S P A ADR~$99.7MCut · 0.4% → 0.2%−7,750,373 shares
- Banco Bilbao Vizcaya Argen ADR~$86.4MCut · 0.3% → 0.2%−15,536,251 shares
- Banco Santander Sa ADR~$80.2MCut · 0.6% → 0.4%−17,510,378 shares
- Bnp Paribas ADR~$72.0MCut · 0.5% → 0.4%−3,027,449 shares
- SPDR Bloomberg Barclays Hgh Yl~$57.5MSold out · 0.1% → 0.0%−1,598,464 shares
- Freeport-McMoRan~$57.2MCut · 0.5% → 0.4%−4,923,758 shares
- Bp Plc Sponsored ADR ADR~$50.9MCut · 0.4% → 0.3%−1,219,825 shares
- Exxon Mobil Corp~$43.5MCut · 0.6% → 0.5%−567,237 shares
Holdings
As of Jun 30, 2019. Changes are in shares against Mar 31, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Visa Inc.COM · shares +3.2% · price +11.1% | 3.8% | $3.43B | +$332.6M | ||||||||
| AmazonCOM · shares +3.2% · price +6.3% | 3.6% | $3.26B | +$188.3M | ||||||||
| MicrosoftCOM · shares +3.9% · price +13.6% | 3.1% | $2.79B | +$321.1M | ||||||||
| AppleCOM · shares +4.1% · price +4.2% | 3.0% | $2.72B | +$105.1M | ||||||||
| Ishares Tr Iboxx Inv Cp ETFCOM · shares −1.1% · price +4.5% | 2.8% | $2.57B | +$109.5M | ||||||||
| Fi Enhanced Glbl High Yld UbsCOM · shares +7.3% · price +5.2% | 2.2% | $1.99B | +$91.4M | ||||||||
| AlibabaCOM · shares +0.1% · price −7.1% | 2.2% | $1.96B | −$150.0M | ||||||||
| Fi Enhanced Lrg Cap Growth CsCOM · shares −1.9% · price +8.0% | 2.2% | $1.95B | +$143.8M | ||||||||
| Pfizer IncCOM · shares +3.7% · price +2.0% | 2.1% | $1.91B | +$36.2M | ||||||||
| Vanguard Fds Int-Term CorpCOM · shares +23% · price +3.4% | 2.0% | $1.76B | +$47.5M | ||||||||
| Johnson& JohnsonCOM · shares +2.6% · price −0.4% | 1.8% | $1.65B | −$5.9M | ||||||||
| CiscoCOM · shares +4.4% · price +1.4% | 1.8% | $1.62B | +$21.0M | ||||||||
| Fi Enhanced Glbl High Yld BcsbCOM · shares −1.3% · price +5.3% | 1.7% | $1.55B | +$77.9M | ||||||||
| AlphabetCOM · shares +4.5% · price −8.0% | 1.7% | $1.54B | −$128.3M | ||||||||
| Fi Enhanced Lrg Cap Growth UbsCOM · shares −1.3% · price +8.3% | 1.6% | $1.46B | +$111.4M | ||||||||
| American Express CoCOM · shares +3.5% · price +12.9% | 1.5% | $1.40B | +$155.1M | ||||||||
| TSMCCOM · shares −1.7% · price −4.4% | 1.5% | $1.36B | −$62.1M | ||||||||
| IntelCOM · shares +3.0% · price −10.9% | 1.4% | $1.27B | −$150.2M | ||||||||
| Softbank Group Corp ADR ADRCOM · shares +5.9% · price −1.3% | 1.3% | $1.19B | −$14.3M | ||||||||
| Walmart IncCOM · shares +2.4% · price +13.3% | 1.3% | $1.17B | +$134.5M | ||||||||
| Sap Se ADRCOM · shares +3.6% · price +18.5% | 1.1% | $1.01B | +$152.7M | ||||||||
| Home Depot IncCOM · shares +2.9% · price +8.4% | 1.1% | $1.01B | +$75.8M | ||||||||
| Fi Enhanced Eur 50 Etn C BcsCOM · shares +6.7% · price +8.9% | 1.0% | $940.1M | +$72.3M | ||||||||
| Tencent Hldgs Ltd ADRCOM · shares +4.2% · price −1.9% | 1.0% | $934.9M | −$17.0M | ||||||||
| AdobeCOM · shares +8.4% · price +10.6% | 1.0% | $915.4M | +$80.7M | ||||||||
| Total · 902 positions | 100% | $90.45B | +$2.33B |
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 2019 to Q2 2019: 733 stocks held throughout, up $2.33B (+2.8%).
- Visa Inc.+$332.6M+11%
- Microsoft+$321.1M+14%
- Amazon+$188.3M+6%
- American Express Co+$155.1M+13%
- Sap Se ADR+$152.7M+18%
- Weibo Corp ADR−$77.4M−30%
- Baidu−$81.7M−29%
- Alphabet−$128.3M−8%
- Alibaba−$150.0M−7%
- Intel−$150.2M−11%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 3 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 ↗ |