13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q2 2023. See the latest, Q2 2026 →
Reported value
$180.88B
+9.9% on the quarter before
Positions
1,163
111 new · 83 sold out
Top 10
27.7%
of the value
Est. gain
+$12.77B
on stocks held all quarter
Est. return
+8.0%
on those stocks since Q1 2023
Positions as of Jun 30, 2023, 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, 43% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2023. Striped tiles are options.
Largest buys
Since Q1 2023, 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.
- Pepsico Inc Com~$815.3MAdded · 0.0% → 0.5%+4,401,650 shares
- Unitedhealth Group Inc~$744.0MAdded · 0.0% → 0.4%+1,547,989 shares
- Broadcom~$661.3MAdded · 0.5% → 0.9%+762,356 shares
- Procter And Gamble Co~$650.5MAdded · 0.1% → 0.4%+4,287,178 shares
- Exxon Mobil Corp~$569.8MAdded · 0.1% → 0.4%+5,312,432 shares
- TSMC~$420.7MAdded · 1.4% → 1.6%+4,168,200 shares
- Vanguard Fds Int Term Corp~$354.1MAdded · 2.9% → 2.8%+4,480,428 shares
- Tokyo Electron Ltd ADR ADR~$259.5MAdded · 0.4% → 0.4%+3,648,969 shares
- Apple~$200.3MAdded · 5.2% → 5.7%+1,032,459 shares
- Bank America Corp~$175.5MAdded · 0.5% → 0.5%+6,116,809 shares
Largest sells
Since Q1 2023, 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.
- Block~$746.2MCut · 0.5% → 0.0%−11,208,500 shares
- Schlumberger Ltd~$579.4MCut · 0.6% → 0.2%−11,796,221 shares
- PayPal~$542.2MCut · 0.6% → 0.2%−8,125,417 shares
- Uber~$497.2MCut · 0.4% → 0.2%−11,516,756 shares
- Target Corp~$422.9MCut · 0.5% → 0.2%−3,206,529 shares
- Nvidia~$417.0MCut · 1.6% → 2.0%−985,695 shares
- 3m Co~$395.7MCut · 0.4% → 0.1%−3,953,228 shares
- Zoom~$349.0MCut · 0.2% → 0.0%−5,141,451 shares
- DocuSign~$295.6MCut · 0.2% → 0.0%−5,786,149 shares
- American Express Co~$224.9MCut · 1.3% → 1.1%−1,290,801 shares
Holdings
As of Jun 30, 2023. Changes are in shares against Mar 31, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares +2.0% · price +17.6% | 5.7% | $10.23B | +$1.50B | ||||||||
| MicrosoftCOM · shares +1.7% · price +18.1% | 4.6% | $8.32B | +$1.25B | ||||||||
| AmazonCOM · shares +1.5% · price +26.2% | 2.9% | $5.30B | +$1.09B | ||||||||
| AlphabetCOM · shares +2.2% · price +15.4% | 2.8% | $5.11B | +$667.4M | ||||||||
| Vanguard Fds Int Term CorpCOM · shares +7.5% · price −1.5% | 2.8% | $5.04B | −$70.6M | ||||||||
| NvidiaCOM · shares −10% · price +52.3% | 2.0% | $3.64B | +$1.25B | ||||||||
| Asml Holding N V NysCOM · shares +2.0% · price +6.5% | 1.9% | $3.47B | +$206.5M | ||||||||
| AMDCOM · shares +2.5% · price +16.2% | 1.7% | $3.07B | +$418.3M | ||||||||
| TSMCCOM · shares +16% · price +8.3% | 1.6% | $2.98B | +$195.8M | ||||||||
| SalesforceCOM · shares +2.8% · price +5.7% | 1.6% | $2.93B | +$155.1M | ||||||||
| Home Depot IncCOM · shares +1.7% · price +5.3% | 1.5% | $2.65B | +$130.3M | ||||||||
| AdobeCOM · shares +4.3% · price +26.9% | 1.3% | $2.35B | +$477.8M | ||||||||
| OracleCOM · shares +3.6% · price +28.2% | 1.2% | $2.21B | +$468.1M | ||||||||
| Freeport-McMoRanCOM · shares +1.7% · price −2.2% | 1.2% | $2.19B | −$49.0M | ||||||||
| Visa Inc.COM · shares +1.8% · price +5.3% | 1.1% | $2.03B | +$100.9M | ||||||||
| American Express CoCOM · shares −10% · price +5.6% | 1.1% | $2.01B | +$106.6M | ||||||||
| Eli LillyCOM · shares +3.5% · price +36.6% | 1.1% | $1.99B | +$514.2M | ||||||||
| Caterpillar IncCOM · shares +2.7% · price +7.5% | 1.1% | $1.90B | +$129.5M | ||||||||
| Lam ResearchCOM · shares +4.1% · price +21.3% | 1.00% | $1.81B | +$304.5M | ||||||||
| NetflixCOM · shares +2.1% · price +27.5% | 0.97% | $1.76B | +$371.5M | ||||||||
| Morgan StanleyCOM · shares +3.1% · price −2.7% | 0.94% | $1.70B | −$46.4M | ||||||||
| BroadcomCOM · shares +64% · price +35.2% | 0.94% | $1.70B | +$269.8M | ||||||||
| Goldman SachsCOM · shares +2.8% · price −1.4% | 0.93% | $1.67B | −$23.1M | ||||||||
| Ishares Tr Iboxx Inv Cp ETFCOM · shares −0.08% · price −1.3% | 0.90% | $1.64B | −$22.2M | ||||||||
| Lvmh Moet Hennessy Lou Vui ADRCOM · shares −4.1% · price +2.6% | 0.89% | $1.61B | +$41.2M | ||||||||
| Total · 1,163 positions | 100% | $180.88B | +$12.77B |
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 2023 to Q2 2023: 1,052 stocks held throughout, up $12.77B (+8.0%).
- Apple+$1.50B+18%
- Microsoft+$1.25B+18%
- Nvidia+$1.25B+52%
- Amazon+$1.09B+26%
- Alphabet+$667.4M+15%
- Crown Castle Inc Com−$92.8M−15%
- Anheuser Busch Inbev Sa/Nv ADR−$96.6M−15%
- Nike Inc−$113.5M−10%
- Tokyo Electron Ltd ADR ADR−$119.9M−20%
- Thermo Fisher Scientific Inc−$131.0M−9%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 1 split 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 ↗ |