13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q3 2022. See the latest, Q2 2026 →
Reported value
$133.41B
−5.6% on the quarter before
Positions
1,079
113 new · 100 sold out
Top 10
28.8%
of the value
Est. gain
−$7.84B
on stocks held all quarter
Est. return
−6.4%
on those stocks since Q2 2022
Positions as of Sep 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, 44% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2022. Striped tiles are options.
Largest buys
Since Q2 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.
- Ishares Tr Expanded Tech~$1.22BAdded · 0.0% → 0.9%+4,874,041 shares
- Schwab Charles Corp Com~$1.11BNew · 0.0% → 0.8%+15,433,332 shares
- Walmart Inc~$989.3MAdded · 0.0% → 0.8%+7,627,286 shares
- BlackRock~$837.1MAdded · 0.1% → 0.7%+1,521,293 shares
- Starbucks Corp~$806.3MAdded · 0.0% → 0.6%+9,568,965 shares
- Ishares Tr Broad Usd High~$712.3MNew · 0.0% → 0.5%+21,187,090 shares
- Target Corp~$710.8MAdded · 0.0% → 0.5%+4,789,982 shares
- Ishares Tr Iboxx Inv Cp ETF~$660.5MAdded · 1.2% → 1.7%+6,447,485 shares
- Morgan Stanley~$593.7MAdded · 0.6% → 1.1%+7,514,505 shares
- Bk Of America Corp~$573.5MAdded · 0.0% → 0.5%+18,990,473 shares
Largest sells
Since Q2 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.
- Tencent Hldgs Ltd ADR ADR~$1.34BCut · 1.3% → 0.0%−39,398,939 shares
- Vanguard Fds Int Term Corp~$1.06BCut · 3.4% → 2.6%−13,952,276 shares
- Visa Inc.~$923.7MCut · 1.9% → 1.1%−5,199,598 shares
- Apple~$897.4MCut · 6.4% → 6.1%−6,493,537 shares
- Gsk Plc-Spon ADR ADR~$851.8MSold out · 0.6% → 0.0%−19,568,124 shares
- Costco Whsl Corp New~$845.7MCut · 1.5% → 0.9%−1,790,620 shares
- Alibaba~$825.2MCut · 1.2% → 0.2%−10,316,884 shares
- Novartis A G Sponsored ADR ADR~$771.7MCut · 0.7% → 0.1%−10,152,699 shares
- Astrazeneca Plc ADR~$682.5MCut · 1.0% → 0.4%−12,444,811 shares
- Eli Lilly~$656.9MCut · 1.4% → 0.9%−2,031,430 shares
Holdings
As of Sep 30, 2022. Changes are in shares against Jun 30, 2022, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares −9.9% · price +1.1% | 6.1% | $8.18B | +$87.6M | ||||||||
| MicrosoftCOM · shares +1.1% · price −9.3% | 5.1% | $6.76B | −$686.7M | ||||||||
| AmazonCOM · shares +2.6% · price +6.4% | 4.2% | $5.64B | +$330.3M | ||||||||
| AlphabetCOM · shares +1.4% · price −12.2% | 3.0% | $4.06B | −$557.5M | ||||||||
| Vanguard Fds Int Term CorpCOM · shares −23% · price −5.4% | 2.6% | $3.44B | −$197.2M | ||||||||
| Ishares Tr Iboxx Inv Cp ETFCOM · shares +41% · price −6.9% | 1.7% | $2.26B | −$118.3M | ||||||||
| Home Depot IncCOM · shares −2.3% · price +0.6% | 1.7% | $2.25B | +$13.6M | ||||||||
| American Express CoCOM · shares −2.1% · price −2.7% | 1.5% | $2.03B | −$55.8M | ||||||||
| Asml Holding N V NysCOM · shares +2.1% · price −12.7% | 1.5% | $1.95B | −$278.2M | ||||||||
| SalesforceCOM · shares −19% · price −12.8% | 1.4% | $1.83B | −$269.8M | ||||||||
| TSMCCOM · shares −4.5% · price −16.1% | 1.3% | $1.72B | −$331.4M | ||||||||
| MetaCOM · shares +2.1% · price −15.9% | 1.2% | $1.60B | −$296.1M | ||||||||
| NetflixCOM · shares +2.1% · price +34.6% | 1.2% | $1.57B | +$396.6M | ||||||||
| PayPalCOM · shares +2.0% · price +23.2% | 1.1% | $1.52B | +$281.3M | ||||||||
| Visa Inc.COM · shares −38% · price −9.8% | 1.1% | $1.50B | −$162.3M | ||||||||
| NvidiaCOM · shares +59% · price −19.9% | 1.1% | $1.47B | −$229.3M | ||||||||
| Morgan StanleyCOM · shares +69% · price +3.9% | 1.1% | $1.46B | +$32.2M | ||||||||
| Freeport-McMoRanCOM · shares +2.1% · price −6.6% | 1.1% | $1.45B | −$100.5M | ||||||||
| AdobeCOM · shares −17% · price −24.8% | 1.1% | $1.42B | −$467.2M | ||||||||
| Goldman SachsCOM · shares +44% · price −1.3% | 1.0% | $1.39B | −$13.0M | ||||||||
| Eli LillyCOM · shares −34% · price −0.3% | 0.95% | $1.26B | −$3.4M | ||||||||
| AMDCOM · shares −23% · price −17.1% | 0.92% | $1.23B | −$254.3M | ||||||||
| Ishares Tr Expanded TechCOM · shares +17,470% · price −7.2% | 0.92% | $1.23B | −$543,370 | ||||||||
| Costco Whsl Corp NewCOM · shares −41% · price −1.5% | 0.90% | $1.20B | −$17.9M | ||||||||
| Caterpillar Inc DelCOM · shares −2.8% · price −8.2% | 0.90% | $1.20B | −$107.0M | ||||||||
| Total · 1,079 positions | 100% | $133.41B | −$7.84B |
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 2022 to Q3 2022: 835 stocks held throughout, down $7.84B (−6.4%).
- Netflix+$396.6M+35%
- Amazon+$330.3M+6%
- PayPal+$281.3M+23%
- Uber+$116.3M+30%
- Apple+$87.6M+1%
- Meta−$296.1M−16%
- TSMC−$331.4M−16%
- Adobe−$467.2M−25%
- Alphabet20:1 split−$557.5M−12%
- Microsoft−$686.7M−9%
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 ↗ |