13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q1 2022. See the latest, Q2 2026 →
Reported value
$169.49B
−5.1% on the quarter before
Positions
1,087
114 new · 94 sold out
Top 10
31.3%
of the value
Est. gain
−$13.65B
on stocks held all quarter
Est. return
−8.0%
on those stocks since Q4 2021
Positions as of Mar 31, 2022, 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 Q4 2021. Striped tiles are options.
Largest buys
Since Q4 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.
- Shell Plc ADR~$1.08BNew · 0.0% → 0.6%+19,596,216 shares
- SPDR Bloomberg Brclys Lg Trs E~$860.4MAdded · 0.5% → 1.0%+22,750,930 shares
- Bhp Group Ltd Sponsored Ad ADR~$703.2MAdded · 0.3% → 0.8%+9,102,674 shares
- Amazon~$641.4MAdded · 4.0% → 4.5%+196,758 shares
- Nvidia~$603.8MAdded · 0.8% → 1.2%+2,212,941 shares
- AMD~$484.5MAdded · 1.6% → 1.6%+4,431,251 shares
- Intuit~$462.8MAdded · 0.4% → 0.6%+962,524 shares
- Broadcom~$421.1MAdded · 0.3% → 0.5%+668,719 shares
- Meta~$358.8MAdded · 1.8% → 1.5%+1,613,796 shares
- Verizon Communications Inc~$357.0MAdded · 0.3% → 0.5%+7,008,579 shares
Largest sells
Since Q4 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.
- Shell Plc-Spon ADR-A ADR~$813.1MSold out · 0.5% → 0.0%−18,735,514 shares
- Unitedhealth Group Inc~$686.2MCut · 0.4% → 0.0%−1,345,560 shares
- Walmart Inc~$670.6MCut · 0.4% → 0.0%−4,503,432 shares
- Intel~$658.2MCut · 0.4% → 0.1%−13,280,276 shares
- Cisco~$636.2MCut · 0.5% → 0.0%−11,410,064 shares
- Walt Disney Company (The)~$632.5MCut · 0.4% → 0.0%−4,611,047 shares
- Bhp Group Plc Sponsored Ad ADR~$502.0MSold out · 0.3% → 0.0%−8,398,187 shares
- Visa Inc.~$492.4MCut · 1.9% → 1.7%−2,220,540 shares
- Starbucks Corp~$285.8MCut · 0.2% → 0.0%−3,141,140 shares
- Vanguard Fds Int Term Corp~$239.4MCut · 3.1% → 2.9%−2,782,537 shares
Holdings
As of Mar 31, 2022. Changes are in shares against Dec 31, 2021, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares −0.05% · price −1.7% | 6.6% | $11.17B | −$189.3M | ||||||||
| MicrosoftCOM · shares +3.8% · price −8.3% | 5.1% | $8.59B | −$751.9M | ||||||||
| AmazonCOM · shares +9.1% · price −2.2% | 4.5% | $7.70B | −$161.2M | ||||||||
| AlphabetCOM · shares +4.3% · price −4.0% | 3.3% | $5.63B | −$224.8M | ||||||||
| Vanguard Fds Int Term CorpCOM · shares −4.6% · price −7.2% | 2.9% | $4.95B | −$386.8M | ||||||||
| SalesforceCOM · shares +4.6% · price −16.5% | 1.9% | $3.23B | −$609.0M | ||||||||
| AdobeCOM · shares −2.9% · price −19.7% | 1.8% | $2.98B | −$729.1M | ||||||||
| Asml Holding N V NysCOM · shares +4.0% · price −16.1% | 1.8% | $2.97B | −$548.1M | ||||||||
| Visa Inc.COM · shares −14% · price +2.3% | 1.7% | $2.94B | +$67.2M | ||||||||
| American Express CoCOM · shares −0.4% · price +14.3% | 1.7% | $2.93B | +$367.1M | ||||||||
| TSMCCOM · shares +1.0% · price −13.3% | 1.6% | $2.73B | −$416.3M | ||||||||
| AMDCOM · shares +22% · price −24.0% | 1.6% | $2.67B | −$689.7M | ||||||||
| Freeport-McMoRanCOM · shares +3.9% · price +19.2% | 1.5% | $2.52B | +$391.3M | ||||||||
| MetaCOM · shares +17% · price −33.9% | 1.5% | $2.49B | −$1.09B | ||||||||
| Home Depot IncCOM · shares +3.9% · price −27.9% | 1.4% | $2.44B | −$905.9M | ||||||||
| Costco Whsl Corp NewCOM · shares +3.7% · price +1.4% | 1.4% | $2.43B | +$33.2M | ||||||||
| NetflixCOM · shares +17% · price −37.8% | 1.4% | $2.38B | −$1.24B | ||||||||
| Eli LillyCOM · shares +7.5% · price +3.7% | 1.3% | $2.15B | +$70.9M | ||||||||
| NvidiaCOM · shares +43% · price −7.2% | 1.2% | $2.00B | −$108.7M | ||||||||
| PayPalCOM · shares +16% · price −38.7% | 1.1% | $1.94B | −$1.06B | ||||||||
| Ishares Tr Iboxx Inv Cp ETFCOM · shares −4.7% · price −8.7% | 1.1% | $1.92B | −$184.1M | ||||||||
| Tencent Hldgs Ltd ADR ADRCOM · shares +3.9% · price −18.4% | 1.1% | $1.84B | −$401.5M | ||||||||
| Novo Nordisk A S ADRCOM · shares −0.2% · price −0.8% | 1.0% | $1.77B | −$15.1M | ||||||||
| SPDR Bloomberg Brclys Lg Trs ECOM · shares +101% · price −10.3% | 1.0% | $1.71B | −$97.8M | ||||||||
| MastercardCOM · shares +3.7% · price −0.5% | 0.98% | $1.67B | −$8.7M | ||||||||
| Total · 1,087 positions | 100% | $169.49B | −$13.65B |
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 Q4 2021 to Q1 2022: 870 stocks held throughout, down $13.65B (−8.0%).
- Freeport-McMoRan+$391.3M+19%
- American Express Co+$367.1M+14%
- Chevron Corp New+$299.3M+39%
- Schlumberger Ltd+$195.0M+38%
- Rio Tinto Plc ADR+$182.4M+20%
- Microsoft−$751.9M−8%
- Home Depot Inc−$905.9M−28%
- PayPal−$1.06B−39%
- Meta−$1.09B−34%
- Netflix−$1.24B−38%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.
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 ↗ |