13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q2 2020. See the latest, Q2 2026 →
Reported value
$102.46B
+27% on the quarter before
Positions
902
124 new · 88 sold out
Top 10
32.2%
of the value
Est. gain
+$16.74B
on stocks held all quarter
Est. return
+22.7%
on those stocks since Q1 2020
Positions as of Jun 30, 2020, 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, 51% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2020. Striped tiles are options.
Largest buys
Since Q1 2020, 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.
- Nextera Energy Inc~$705.2MAdded · 0.0% → 0.7%+2,936,392 shares
- Unitedhealth Group Inc~$690.6MAdded · 0.0% → 0.7%+2,341,377 shares
- 3m Co~$683.5MAdded · 0.0% → 0.7%+4,381,861 shares
- Walt Disney Company (The)~$510.9MAdded · 0.5% → 1.0%+4,581,961 shares
- Toyota Motor Corp ADR~$482.4MAdded · 0.0% → 0.5%+3,839,965 shares
- PayPal~$477.6MAdded · 0.8% → 1.7%+2,741,321 shares
- American Tower~$455.5MNew · 0.0% → 0.4%+1,761,637 shares
- Goldman Sachs~$385.4MAdded · 0.0% → 0.4%+1,950,030 shares
- Morgan Stanley~$381.9MAdded · 0.0% → 0.4%+7,907,255 shares
- Vanguard Fds Int-Term Corp~$336.7MAdded · 3.0% → 2.9%+3,539,051 shares
Largest sells
Since Q1 2020, 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 Lrg Cap Growth Cs~$1.79BCut · 1.5% → 0.1%−5,016,208 shares
- Fi Enhanced Lrg Cap Growth Gs~$1.41BCut · 1.1% → 0.0%−9,086,170 shares
- Fi Enhanced Glbl High Yld Ubs~$1.32BCut · 1.3% → 0.0%−9,310,576 shares
- Fi Enhanced Lrg Cap Growth Ubs~$1.31BCut · 1.1% → 0.1%−3,639,963 shares
- Fi Enhanced Glbl High Yld Bcsb~$776.6MCut · 0.8% → 0.0%−9,604,209 shares
- United Technologies Corp~$453.9MSold out · 0.6% → 0.0%−4,811,452 shares
- Baidu~$151.8MCut · 0.2% → 0.0%−1,265,674 shares
- Weibo Corp ADR~$115.5MSold out · 0.1% → 0.0%−3,489,895 shares
- Johnson& Johnson~$110.0MCut · 0.2% → 0.1%−782,444 shares
- Softbank Group Corp ADR ADR~$104.8MCut · 0.1% → 0.0%−4,150,223 shares
Holdings
As of Jun 30, 2020. Changes are in shares against Mar 31, 2020, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares +2.1% · price +43.5% | 5.1% | $5.22B | +$1.55B | ||||||||
| AmazonCOM · shares +1.9% · price +41.5% | 4.4% | $4.55B | +$1.31B | ||||||||
| MicrosoftCOM · shares +1.8% · price +29.0% | 4.3% | $4.45B | +$982.7M | ||||||||
| Visa Inc.COM · shares +3.2% · price +19.9% | 4.0% | $4.05B | +$651.2M | ||||||||
| Vanguard Fds Int-Term CorpCOM · shares +13% · price +9.2% | 2.9% | $3.00B | +$225.1M | ||||||||
| AlibabaCOM · shares +2.2% · price +10.9% | 2.9% | $2.92B | +$281.5M | ||||||||
| AdobeCOM · shares +4.1% · price +36.8% | 2.3% | $2.33B | +$600.8M | ||||||||
| AlphabetCOM · shares +2.5% · price +22.0% | 2.1% | $2.17B | +$382.7M | ||||||||
| SalesforceCOM · shares +5.8% · price +30.1% | 2.1% | $2.16B | +$471.4M | ||||||||
| Tencent Hldgs Ltd ADR ADRCOM · shares +3.9% · price +31.1% | 2.0% | $2.10B | +$480.1M | ||||||||
| Ishares Tr Iboxx Inv Cp ETFCOM · shares −1.2% · price +8.9% | 1.9% | $1.98B | +$161.8M | ||||||||
| IntelCOM · shares +3.1% · price +10.6% | 1.7% | $1.72B | +$158.7M | ||||||||
| PayPalCOM · shares +39% · price +82.0% | 1.7% | $1.70B | +$549.7M | ||||||||
| TSMCCOM · shares −0.6% · price +18.8% | 1.6% | $1.67B | +$264.9M | ||||||||
| Home Depot IncCOM · shares +3.0% · price +34.2% | 1.6% | $1.60B | +$396.1M | ||||||||
| NetflixCOM · shares +5.0% · price +21.2% | 1.5% | $1.55B | +$258.1M | ||||||||
| American Express CoCOM · shares +4.1% · price +11.2% | 1.4% | $1.39B | +$134.6M | ||||||||
| Walmart IncCOM · shares +2.8% · price +5.4% | 1.3% | $1.32B | +$66.2M | ||||||||
| Asml Holding N V NysCOM · shares +2.7% · price +40.7% | 1.3% | $1.30B | +$367.4M | ||||||||
| MastercardCOM · shares +9.4% · price +22.4% | 1.1% | $1.15B | +$192.7M | ||||||||
| Sap Se ADRCOM · shares +2.7% · price +26.7% | 1.1% | $1.11B | +$228.0M | ||||||||
| Novo-Nordisk A S ADRCOM · shares +1.0% · price +8.8% | 0.99% | $1.01B | +$80.9M | ||||||||
| Walt Disney Company (The)COM · shares +102% · price +15.4% | 0.99% | $1.01B | +$67.2M | ||||||||
| Costco Whsl Corp NewCOM · shares +6.7% · price +6.3% | 0.97% | $995.4M | +$55.6M | ||||||||
| Lvmh Moet Hennessy Lou Vui ADRCOM · shares +3.1% · price +18.1% | 0.94% | $965.6M | +$143.6M | ||||||||
| Total · 902 positions | 100% | $102.46B | +$16.74B |
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 2020 to Q2 2020: 709 stocks held throughout, up $16.74B (+22.7%).
- Apple+$1.55B+43%
- Amazon+$1.31B+41%
- Microsoft+$982.7M+29%
- Visa Inc.+$651.2M+20%
- Adobe+$600.8M+37%
- Biogen Inc−$4.5M−15%
- Credicorp Ltd−$5.9M−7%
- Banco Bradesco Sa Sp ADR ADR−$7.2M−6%
- Bp Plc Sponsored ADR ADR−$10.1M−4%
- Royal Dutch Shell Plc ADR−$32.8M−6%
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 ↗ |