13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q3 2021. See the latest, Q2 2026 →
Reported value
$161.00B
+1.1% on the quarter before
Positions
1,028
94 new · 76 sold out
Top 10
31.1%
of the value
Est. gain
−$2.27B
on stocks held all quarter
Est. return
−1.5%
on those stocks since Q2 2021
Positions as of Sep 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 Q2 2021. Striped tiles are options.
Largest buys
Since Q2 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.
- Meta~$895.8MAdded · 1.1% → 1.6%+2,639,529 shares
- AMD~$592.5MAdded · 0.6% → 1.0%+5,757,675 shares
- Vanguard Fds Int-Term Corp~$413.5MAdded · 3.0% → 3.2%+4,379,522 shares
- Lam Research~$385.7MAdded · 0.4% → 0.6%+677,746 shares
- Microsoft~$200.5MAdded · 4.2% → 4.5%+711,260 shares
- Amazon~$184.2MAdded · 4.1% → 3.9%+56,059 shares
- Alphabet~$154.0MAdded · 2.7% → 3.1%+57,585 shares
- Capital One Finl Corp~$150.9MAdded · 0.4% → 0.5%+931,872 shares
- Salesforce~$132.6MAdded · 2.1% → 2.3%+488,928 shares
- Adobe~$131.3MAdded · 2.3% → 2.3%+228,139 shares
Largest sells
Since Q2 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.
- Visa Inc.~$1.18BCut · 3.5% → 2.5%−5,308,880 shares
- Apple~$562.4MCut · 5.6% → 5.4%−3,974,251 shares
- Stamps Com Inc~$111.1MSold out · 0.1% → 0.0%−554,577 shares
- Hill Rom Hldgs Inc~$97.7MCut · 0.0% → 0.0%−650,846 shares
- TSMC~$67.2MCut · 2.0% → 1.8%−601,698 shares
- Credicorp Ltd~$62.5MCut · 0.0% → 0.0%−563,260 shares
- New Oriental Ed& Technolo ADR~$40.3MSold out · 0.0% → 0.0%−4,916,469 shares
- Tal Ed Group ADS Repstg Co ADR~$37.7MSold out · 0.0% → 0.0%−1,493,125 shares
- L Oreal Co ADR~$35.9MCut · 0.8% → 0.7%−434,621 shares
- Organon& Co~$30.9MCut · 0.0% → 0.0%−943,699 shares
Holdings
As of Sep 30, 2021. Changes are in shares against Jun 30, 2021, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares −6.1% · price +3.3% | 5.4% | $8.62B | +$276.4M | ||||||||
| MicrosoftCOM · shares +2.9% · price +4.1% | 4.5% | $7.20B | +$273.4M | ||||||||
| AmazonCOM · shares +3.0% · price −4.5% | 3.9% | $6.34B | −$290.9M | ||||||||
| Vanguard Fds Int-Term CorpCOM · shares +8.6% · price −0.7% | 3.2% | $5.22B | −$33.6M | ||||||||
| AlphabetCOM · shares +3.2% · price +9.5% | 3.1% | $4.91B | +$412.5M | ||||||||
| Visa Inc.COM · shares −22% · price −4.7% | 2.5% | $4.08B | −$203.0M | ||||||||
| SalesforceCOM · shares +3.6% · price +11.0% | 2.3% | $3.77B | +$361.7M | ||||||||
| AdobeCOM · shares +3.7% · price −1.7% | 2.3% | $3.70B | −$61.6M | ||||||||
| PayPalCOM · shares +3.6% · price −10.7% | 1.9% | $3.12B | −$362.0M | ||||||||
| Asml Holding N V NysCOM · shares +1.2% · price +7.9% | 1.9% | $3.06B | +$220.0M | ||||||||
| TSMCCOM · shares −2.3% · price −7.1% | 1.8% | $2.83B | −$216.0M | ||||||||
| American Express CoCOM · shares +1.7% · price +1.4% | 1.6% | $2.62B | +$35.4M | ||||||||
| MetaCOM · shares +53% · price −2.4% | 1.6% | $2.58B | −$41.2M | ||||||||
| NetflixCOM · shares +4.4% · price +15.5% | 1.6% | $2.54B | +$327.2M | ||||||||
| Home Depot IncCOM · shares +2.6% · price +2.9% | 1.5% | $2.46B | +$68.3M | ||||||||
| Tencent Hldgs Ltd ADR ADRCOM · shares +2.1% · price −21.2% | 1.4% | $2.25B | −$591.6M | ||||||||
| Ishares Tr Iboxx Inv Cp ETFCOM · shares +0.8% · price −1.0% | 1.3% | $2.17B | −$21.5M | ||||||||
| AlibabaCOM · shares +0.6% · price −34.7% | 1.3% | $2.10B | −$1.11B | ||||||||
| Walt Disney Company (The)COM · shares +3.5% · price −3.8% | 1.2% | $1.88B | −$70.8M | ||||||||
| Walmart IncCOM · shares +3.2% · price −1.2% | 1.1% | $1.82B | −$20.7M | ||||||||
| Costco Whsl Corp NewCOM · shares +3.7% · price +13.6% | 1.1% | $1.75B | +$201.3M | ||||||||
| IntelCOM · shares +3.4% · price −5.1% | 1.1% | $1.73B | −$89.9M | ||||||||
| AMDCOM · shares +57% · price +9.5% | 1.0% | $1.62B | +$89.9M | ||||||||
| Lvmh Moet Hennessy Lou Vui ADRCOM · shares −1.3% · price −8.4% | 0.97% | $1.56B | −$142.4M | ||||||||
| Novo-Nordisk A S ADRCOM · shares +0.6% · price +14.6% | 0.96% | $1.55B | +$196.8M | ||||||||
| Total · 1,028 positions | 100% | $161.00B | −$2.27B |
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 2021 to Q3 2021: 858 stocks held throughout, down $2.27B (−1.5%).
- Alphabet+$412.5M+9%
- Salesforce+$361.7M+11%
- Netflix+$327.2M+16%
- Apple+$276.4M+3%
- Microsoft+$273.4M+4%
- Amazon−$290.9M−5%
- Vale S A ADR−$308.9M−39%
- PayPal−$362.0M−11%
- Tencent Hldgs Ltd ADR ADR−$591.6M−21%
- Alibaba−$1.11B−35%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 6 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 ↗ |