13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q3 2019. See the latest, Q2 2026 →
Reported value
$91.13B
+0.7% on the quarter before
Positions
903
79 new · 78 sold out
Top 10
26.3%
of the value
Est. gain
−$1.20B
on stocks held all quarter
Est. return
−1.4%
on those stocks since Q2 2019
Positions as of Sep 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, 46% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2019. Striped tiles are options.
Largest buys
Since Q2 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.
- Caterpillar Inc Del~$671.2MAdded · 0.0% → 0.7%+5,313,853 shares
- SPDR Portfolio Short Term Corp~$560.7MAdded · 0.1% → 0.7%+18,174,376 shares
- PayPal~$391.8MAdded · 0.1% → 0.5%+3,781,844 shares
- Netflix~$348.6MAdded · 0.4% → 0.7%+1,302,678 shares
- Alibaba~$319.5MAdded · 2.2% → 2.5%+1,910,506 shares
- Home Depot Inc~$297.1MAdded · 1.1% → 1.6%+1,280,467 shares
- Union Pacific Corp~$288.4MAdded · 0.0% → 0.3%+1,780,761 shares
- Csx Corp~$282.4MAdded · 0.0% → 0.3%+4,076,669 shares
- Total S A ADR~$278.3MAdded · 0.9% → 1.1%+5,351,860 shares
- Vanguard Fds Int-Term Corp~$268.9MAdded · 2.0% → 2.3%+2,946,684 shares
Largest sells
Since Q2 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.
- Fi Enhanced Eur 50 Etn C Bcs~$900.1MCut · 1.0% → 0.0%−9,511,965 shares
- Ishares Tr Iboxx Inv Cp ETF~$645.1MCut · 2.8% → 2.2%−5,060,521 shares
- Fi Enhanced Europe 50 Etn Ubs~$479.9MCut · 0.6% → 0.0%−2,985,446 shares
- Fi Enhanced Lrg Cap Growth Cs~$473.9MCut · 2.2% → 1.7%−1,714,245 shares
- Fi Enhanced Glbl High Yld Bcsb~$466.0MCut · 1.7% → 1.2%−4,284,670 shares
- Fi Enhanced Glbl High Yld Ubs~$430.6MCut · 2.2% → 1.8%−2,348,881 shares
- Fi Enhanced Lrg Cap Growth Ubs~$376.0MCut · 1.6% → 1.2%−1,355,746 shares
- Ishares Msci Europe Fn ETF~$366.3MCut · 0.6% → 0.1%−20,812,802 shares
- Ishares Tr Global Energ ETF~$319.8MCut · 0.4% → 0.1%−10,466,244 shares
- Fi Enhanced Europe 50 Etn Cs B~$312.6MCut · 0.4% → 0.0%−3,441,593 shares
Holdings
As of Sep 30, 2019. Changes are in shares against Jun 30, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Visa Inc.COM · shares +2.1% · price −0.9% | 3.8% | $3.47B | −$30.5M | ||||||||
| AppleCOM · shares +2.2% · price +13.2% | 3.5% | $3.14B | +$357.9M | ||||||||
| AmazonCOM · shares +2.3% · price −8.3% | 3.4% | $3.06B | −$271.5M | ||||||||
| MicrosoftCOM · shares +2.6% · price +3.8% | 3.3% | $2.97B | +$105.6M | ||||||||
| AlibabaCOM · shares +17% · price −1.3% | 2.5% | $2.25B | −$25.7M | ||||||||
| Vanguard Fds Int-Term CorpCOM · shares +15% · price +1.5% | 2.3% | $2.06B | +$27.3M | ||||||||
| Ishares Tr Iboxx Inv Cp ETFCOM · shares −25% · price +2.5% | 2.2% | $1.98B | +$48.4M | ||||||||
| AlphabetCOM · shares +3.2% · price +12.8% | 2.0% | $1.79B | +$197.0M | ||||||||
| Pfizer IncCOM · shares +2.6% · price −17.1% | 1.8% | $1.63B | −$326.1M | ||||||||
| American Express CoCOM · shares +20% · price −4.2% | 1.8% | $1.61B | −$58.6M | ||||||||
| Fi Enhanced Glbl High Yld UbsCOM · shares −21% · price +1.8% | 1.8% | $1.60B | +$28.7M | ||||||||
| TSMCCOM · shares −2.3% · price +18.7% | 1.7% | $1.58B | +$248.0M | ||||||||
| Johnson& JohnsonCOM · shares +2.0% · price −7.1% | 1.7% | $1.56B | −$117.2M | ||||||||
| Fi Enhanced Lrg Cap Growth CsCOM · shares −24% · price +1.8% | 1.7% | $1.51B | +$26.6M | ||||||||
| CiscoCOM · shares +2.8% · price −9.7% | 1.7% | $1.51B | −$157.9M | ||||||||
| Home Depot IncCOM · shares +26% · price +11.6% | 1.6% | $1.42B | +$116.8M | ||||||||
| IntelCOM · shares +1.9% · price +7.6% | 1.5% | $1.40B | +$97.2M | ||||||||
| Walmart IncCOM · shares +2.7% · price +7.4% | 1.4% | $1.30B | +$87.1M | ||||||||
| AdobeCOM · shares +31% · price −6.2% | 1.2% | $1.13B | −$57.2M | ||||||||
| Fi Enhanced Lrg Cap Growth UbsCOM · shares −25% · price +2.2% | 1.2% | $1.12B | +$23.7M | ||||||||
| Fi Enhanced Glbl High Yld BcsbCOM · shares −30% · price +1.2% | 1.2% | $1.10B | +$12.7M | ||||||||
| SalesforceCOM · shares +29% · price −2.2% | 1.2% | $1.08B | −$18.5M | ||||||||
| Tencent Hldgs Ltd ADR ADRCOM · shares +23% · price −6.7% | 1.2% | $1.07B | −$62.4M | ||||||||
| Total S A ADRCOM · shares +38% · price −6.8% | 1.1% | $1.01B | −$53.6M | ||||||||
| Softbank Group Corp ADR ADRCOM · shares +2.9% · price −18.1% | 1.1% | $1.01B | −$216.7M | ||||||||
| Total · 903 positions | 100% | $91.13B | −$1.20B |
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 2019 to Q3 2019: 755 stocks held throughout, down $1.20B (−1.4%).
- Apple+$357.9M+13%
- TSMC+$248.0M+19%
- Alphabet+$197.0M+13%
- Home Depot Inc+$116.8M+12%
- Microsoft+$105.6M+4%
- Sap Se ADR−$140.3M−14%
- Cisco−$157.9M−10%
- Softbank Group Corp ADR ADR2:1 split−$216.7M−18%
- Amazon−$271.5M−8%
- Pfizer Inc−$326.1M−17%
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 ↗ |