13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q2 2022. See the latest, Q2 2026 →
Reported value
$141.30B
−17% on the quarter before
Positions
1,066
111 new · 132 sold out
Top 10
30.3%
of the value
Est. gain
−$31.14B
on stocks held all quarter
Est. return
−18.6%
on those stocks since Q1 2022
Positions as of Jun 30, 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, 48% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2022. Striped tiles are options.
Largest buys
Since Q1 2022, 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.
- Johnson Johnson~$903.8MAdded · 0.1% → 0.7%+5,091,698 shares
- Apple~$235.1MAdded · 6.6% → 6.4%+1,719,927 shares
- Microsoft~$211.2MAdded · 5.1% → 5.2%+822,443 shares
- Alphabet~$147.7MAdded · 3.3% → 3.2%+67,779 shares
- Vanguard Fds Int-Term Corp~$146.3MAdded · 2.9% → 3.4%+1,827,796 shares
- Woodside Energy Group Ltd ADR~$132.7MNew · 0.0% → 0.1%+6,156,348 shares
- Capital One Finl Corp~$94.4MAdded · 0.5% → 0.6%+906,214 shares
- Aspen Technology Inc~$73.2MNew · 0.0% → 0.1%+398,580 shares
- Salesforce~$72.7MAdded · 1.9% → 1.8%+440,246 shares
- Intuit~$72.0MAdded · 0.6% → 0.6%+186,794 shares
Largest sells
Since Q1 2022, 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.
- Eli Lilly~$508.8MCut · 1.3% → 1.4%−1,569,338 shares
- Novo-Nordisk A S ADR~$177.3MCut · 1.0% → 1.1%−1,591,570 shares
- Aspen Technology Inc~$159.6MSold out · 0.1% → 0.0%−965,089 shares
- Adobe~$131.3MCut · 1.8% → 1.6%−358,557 shares
- Petroleo Brasileiro Sa Pet ADR~$129.3MCut · 0.3% → 0.2%−11,069,529 shares
- Amazon~$104.3MCut · 4.5% → 3.7%−982,095 shares
- Vale S A ADR~$95.2MCut · 0.3% → 0.2%−6,505,058 shares
- Ishares Global Metals Mining~$49.6MCut · 0.1% → 0.0%−1,391,903 shares
- Ishares Msci Europe Fn ETF~$46.7MCut · 0.2% → 0.2%−2,945,385 shares
- American Express Co~$45.9MCut · 1.7% → 1.5%−331,333 shares
Holdings
As of Jun 30, 2022. Changes are in shares against Mar 31, 2022, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares +2.7% · price −21.7% | 6.4% | $8.98B | −$2.42B | ||||||||
| MicrosoftCOM · shares +3.0% · price −16.7% | 5.2% | $7.37B | −$1.43B | ||||||||
| AmazonCOM · shares −2.0% · price −31.6% | 3.7% | $5.17B | −$2.38B | ||||||||
| Vanguard Fds Int-Term CorpCOM · shares +3.2% · price −7.0% | 3.4% | $4.75B | −$346.5M | ||||||||
| AlphabetCOM · shares +3.3% · price −21.6% | 3.2% | $4.56B | −$1.22B | ||||||||
| Visa Inc.COM · shares +2.7% · price −11.2% | 1.9% | $2.68B | −$330.4M | ||||||||
| SalesforceCOM · shares +2.9% · price −22.3% | 1.8% | $2.59B | −$720.3M | ||||||||
| Home Depot IncCOM · shares +2.7% · price −8.4% | 1.6% | $2.29B | −$203.9M | ||||||||
| AdobeCOM · shares −5.5% · price −19.7% | 1.6% | $2.26B | −$553.8M | ||||||||
| Asml Holding N V NysCOM · shares +3.4% · price −28.8% | 1.5% | $2.19B | −$853.8M | ||||||||
| TSMCCOM · shares +0.5% · price −21.6% | 1.5% | $2.15B | −$589.5M | ||||||||
| American Express CoCOM · shares −2.1% · price −25.9% | 1.5% | $2.13B | −$742.9M | ||||||||
| Costco Whsl Corp NewCOM · shares +2.8% · price −16.8% | 1.5% | $2.08B | −$407.6M | ||||||||
| Eli LillyCOM · shares −21% · price +13.2% | 1.4% | $1.92B | +$224.7M | ||||||||
| AMDCOM · shares +3.1% · price −30.1% | 1.4% | $1.92B | −$801.6M | ||||||||
| MetaCOM · shares +3.4% · price −27.5% | 1.3% | $1.87B | −$684.3M | ||||||||
| Tencent Hldgs Ltd ADR ADRCOM · shares +3.3% · price −5.5% | 1.3% | $1.80B | −$101.1M | ||||||||
| Ishares Tr Iboxx Inv Cp ETFCOM · shares −1.9% · price −9.0% | 1.2% | $1.72B | −$170.2M | ||||||||
| AlibabaCOM · shares +0.2% · price +4.5% | 1.2% | $1.65B | +$70.5M | ||||||||
| Novo-Nordisk A S ADRCOM · shares −10% · price +0.3% | 1.1% | $1.60B | +$5.4M | ||||||||
| SPDR Bloomberg Brclys Lg Trs ECOM · shares +4.8% · price −12.6% | 1.1% | $1.57B | −$215.4M | ||||||||
| Freeport-McMoRanCOM · shares +2.6% · price −41.2% | 1.1% | $1.52B | −$1.04B | ||||||||
| MastercardCOM · shares +3.5% · price −11.7% | 1.1% | $1.52B | −$195.3M | ||||||||
| Totalenergies Se ADR ADRCOM · shares +3.1% · price +4.2% | 1.0% | $1.41B | +$54.7M | ||||||||
| Astrazeneca Plc ADRCOM · shares +2.6% · price −0.4% | 1.0% | $1.41B | −$5.6M | ||||||||
| Total · 1,066 positions | 100% | $141.30B | −$31.14B |
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 2022 to Q2 2022: 837 stocks held throughout, down $31.14B (−18.6%).
- Eli Lilly+$224.7M+13%
- Merck Co Inc+$107.9M+11%
- Alibaba+$70.5M+4%
- PDD Holdings+$67.8M+54%
- Totalenergies Se ADR ADR+$54.7M+4%
- Alphabet−$1.22B−22%
- Netflix−$1.27B−53%
- Microsoft−$1.43B−17%
- Amazon21:1 split−$2.38B−32%
- Apple−$2.42B−22%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 5 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 ↗ |