13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q2 2021. See the latest, Q2 2026 →
Reported value
$159.27B
+12% on the quarter before
Positions
1,010
103 new · 92 sold out
Top 10
31.6%
of the value
Est. gain
+$12.10B
on stocks held all quarter
Est. return
+8.6%
on those stocks since Q1 2021
Positions as of Jun 30, 2021, 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, 50% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2021. Striped tiles are options.
Largest buys
Since Q1 2021, 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.
- Vanguard Fds Int-Term Corp~$564.0MAdded · 2.9% → 3.0%+5,932,132 shares
- Apple~$280.2MAdded · 5.4% → 5.6%+2,045,740 shares
- Microsoft~$223.1MAdded · 4.0% → 4.2%+823,402 shares
- Amazon~$203.4MAdded · 4.0% → 4.1%+59,124 shares
- Visa Inc.~$183.8MAdded · 3.4% → 3.5%+786,166 shares
- Capital One Finl Corp~$152.1MAdded · 0.3% → 0.4%+983,352 shares
- Alphabet~$150.1MAdded · 2.5% → 2.7%+61,474 shares
- PayPal~$149.2MAdded · 1.9% → 2.1%+511,878 shares
- Adobe~$122.2MAdded · 2.0% → 2.3%+208,730 shares
- Eli Lilly~$115.2MAdded · 0.7% → 0.9%+502,005 shares
Largest sells
Since Q1 2021, 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.
- Coherent Inc~$86.3MSold out · 0.1% → 0.0%−341,167 shares
- TSMC~$79.2MCut · 2.2% → 2.0%−658,898 shares
- L Oreal Co ADR~$45.2MCut · 0.8% → 0.8%−507,652 shares
- Ishares Tr Mbs ETF~$44.4MCut · 0.1% → 0.0%−410,056 shares
- Lvmh Moet Hennessy Lou Vui ADR~$43.3MCut · 1.1% → 1.1%−275,823 shares
- Kansas City Southern~$43.0MCut · 0.1% → 0.0%−151,621 shares
- Vale S A ADR~$31.2MCut · 0.5% → 0.5%−1,368,227 shares
- Lennar Corp Cl A~$23.7MCut · 0.1% → 0.0%−238,585 shares
- Dril Quip Inc~$21.3MCut · 0.0% → 0.0%−629,303 shares
- Siemens A G ADR~$20.8MCut · 0.8% → 0.7%−262,818 shares
Holdings
As of Jun 30, 2021. Changes are in shares against Mar 31, 2021, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares +3.3% · price +12.1% | 5.6% | $8.88B | +$930.3M | ||||||||
| MicrosoftCOM · shares +3.4% · price +14.9% | 4.2% | $6.72B | +$842.8M | ||||||||
| AmazonCOM · shares +3.3% · price +11.2% | 4.1% | $6.45B | +$628.5M | ||||||||
| Visa Inc.COM · shares +3.4% · price +10.4% | 3.5% | $5.53B | +$505.0M | ||||||||
| Vanguard Fds Int-Term CorpCOM · shares +13% · price +2.2% | 3.0% | $4.84B | +$91.8M | ||||||||
| AlphabetCOM · shares +3.6% · price +18.4% | 2.7% | $4.35B | +$651.7M | ||||||||
| AdobeCOM · shares +3.5% · price +23.2% | 2.3% | $3.63B | +$661.4M | ||||||||
| PayPalCOM · shares +4.6% · price +20.0% | 2.1% | $3.37B | +$538.2M | ||||||||
| SalesforceCOM · shares +3.6% · price +15.3% | 2.1% | $3.28B | +$419.7M | ||||||||
| AlibabaCOM · shares +1.6% · price +0.0% | 2.0% | $3.20B | +$694,323 | ||||||||
| TSMCCOM · shares −2.5% · price +1.6% | 2.0% | $3.12B | +$48.8M | ||||||||
| Asml Holding N V NysCOM · shares +2.3% · price +11.9% | 1.8% | $2.80B | +$291.0M | ||||||||
| Tencent Hldgs Ltd ADR ADRCOM · shares +3.6% · price −4.2% | 1.8% | $2.79B | −$116.9M | ||||||||
| American Express CoCOM · shares +1.2% · price +16.8% | 1.6% | $2.54B | +$361.2M | ||||||||
| Home Depot IncCOM · shares +3.7% · price +4.5% | 1.5% | $2.33B | +$95.9M | ||||||||
| Ishares Tr Iboxx Inv Cp ETFCOM · shares +3.6% · price +3.3% | 1.4% | $2.17B | +$67.2M | ||||||||
| NetflixCOM · shares +3.9% · price +1.3% | 1.3% | $2.10B | +$25.1M | ||||||||
| Walt Disney Company (The)COM · shares +3.7% · price −4.7% | 1.2% | $1.89B | −$90.5M | ||||||||
| Walmart IncCOM · shares +3.4% · price +3.8% | 1.1% | $1.78B | +$63.4M | ||||||||
| IntelCOM · shares +4.0% · price −12.3% | 1.1% | $1.76B | −$237.3M | ||||||||
| Lvmh Moet Hennessy Lou Vui ADRCOM · shares −2.4% · price +17.5% | 1.1% | $1.73B | +$256.5M | ||||||||
| MetaCOM · shares +4.2% · price +18.1% | 1.1% | $1.72B | +$252.7M | ||||||||
| Freeport-McMoRanCOM · shares +2.9% · price +12.7% | 1.1% | $1.69B | +$185.2M | ||||||||
| MastercardCOM · shares +3.8% · price +2.5% | 0.98% | $1.56B | +$37.2M | ||||||||
| Costco Whsl Corp NewCOM · shares +3.3% · price +12.3% | 0.93% | $1.48B | +$156.8M | ||||||||
| Total · 1,010 positions | 100% | $159.27B | +$12.10B |
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 2021 to Q2 2021: 836 stocks held throughout, up $12.10B (+8.6%).
- Apple+$930.3M+12%
- Microsoft+$842.8M+15%
- Adobe+$661.4M+23%
- Alphabet+$651.7M+18%
- Amazon+$628.5M+11%
- Tal Ed Group ADS Repstg Co ADR−$42.7M−53%
- Walt Disney Company (The)−$90.5M−5%
- Caterpillar Inc Del−$91.3M−6%
- Tencent Hldgs Ltd ADR ADR−$116.9M−4%
- Intel−$237.3M−12%
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 ↗ |