13F filer · CIK 850529 ↗
Fisher Investments
You are looking at Q4 2024. See the latest, Q2 2026 →
Reported value
$251.33B
+3.0% on the quarter before
Positions
975
109 new · 53 sold out
Top 10
34.6%
of the value
Est. gain
+$2.95B
on stocks held all quarter
Est. return
+1.2%
on those stocks since Q3 2024
Positions as of Dec 31, 2024, 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, 54% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2024. Striped tiles are options.
Largest buys
Since Q3 2024, 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.
- Blackrock Inc Com~$2.11BNew · 0.0% → 0.8%+2,060,640 shares
- Lam Research~$1.34BNew · 0.0% → 0.5%+18,578,181 shares
- Ishares Tr 7 10yr Tr Bd ETF~$699.5MAdded · 1.7% → 1.8%+7,566,487 shares
- Vanguard Fds Int Term Corp~$344.3MAdded · 3.0% → 3.0%+4,289,340 shares
- Nvidia~$217.4MAdded · 4.8% → 5.3%+1,618,672 shares
- Emerson Electric~$176.8MAdded · 0.0% → 0.1%+1,426,718 shares
- Apple~$169.0MAdded · 5.6% → 5.9%+674,991 shares
- Jpmorgan Chase And Co~$147.9MAdded · 1.5% → 1.7%+617,164 shares
- Merck And Co Inc~$145.1MAdded · 0.7% → 0.6%+1,458,169 shares
- Alphabet~$143.3MAdded · 3.4% → 3.8%+757,138 shares
Largest sells
Since Q3 2024, 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.
- BlackRock~$2.08BSold out · 0.9% → 0.0%−2,192,247 shares
- Lam Research~$1.53BSold out · 0.6% → 0.0%−1,871,473 shares
- Expedia Group Inc~$142.0MCut · 0.1% → 0.1%−762,297 shares
- Wynn Resorts Ltd~$141.3MCut · 0.2% → 0.1%−1,640,444 shares
- Haleon Plc ADR~$126.3MCut · 0.1% → 0.0%−13,243,267 shares
- Intuit~$116.2MCut · 1.0% → 0.9%−184,891 shares
- Capital One Finl Corp~$108.4MCut · 0.6% → 0.6%−608,011 shares
- TSMC~$82.0MCut · 2.0% → 2.2%−415,156 shares
- Veralto Corp~$76.8MCut · 0.0% → 0.0%−754,144 shares
- Marathon Oil Corp~$76.8MSold out · 0.0% → 0.0%−2,884,151 shares
Holdings
As of Dec 31, 2024. Changes are in shares against Sep 30, 2024, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares +1.2% · price +7.5% | 5.9% | $14.85B | +$1.02B | ||||||||
| NvidiaCOM · shares +1.7% · price +10.6% | 5.3% | $13.21B | +$1.24B | ||||||||
| MicrosoftCOM · shares +1.2% · price −2.0% | 4.7% | $11.90B | −$245.6M | ||||||||
| AmazonCOM · shares +1.1% · price +17.7% | 3.9% | $9.91B | +$1.48B | ||||||||
| AlphabetCOM · shares +1.5% · price +14.1% | 3.8% | $9.58B | +$1.17B | ||||||||
| Vanguard Fds Int Term CorpCOM · shares +4.8% · price −4.2% | 3.0% | $7.45B | −$308.0M | ||||||||
| TSMCCOM · shares −1.4% · price +13.7% | 2.2% | $5.60B | +$675.3M | ||||||||
| BroadcomCOM · shares +2.1% · price +34.4% | 2.2% | $5.54B | +$1.39B | ||||||||
| Ishares Tr 7 10yr Tr Bd ETFCOM · shares +18% · price −5.8% | 1.8% | $4.55B | −$236.2M | ||||||||
| Walmart IncCOM · shares +2.4% · price +11.9% | 1.8% | $4.41B | +$457.5M | ||||||||
| Jpmorgan Chase And CoCOM · shares +3.7% · price +13.7% | 1.7% | $4.17B | +$484.2M | ||||||||
| SalesforceCOM · shares +1.4% · price +22.1% | 1.7% | $4.16B | +$744.2M | ||||||||
| Eli LillyCOM · shares +3.5% · price −12.9% | 1.6% | $4.04B | −$576.3M | ||||||||
| NetflixCOM · shares +1.0% · price +25.7% | 1.6% | $4.04B | +$815.9M | ||||||||
| MetaCOM · shares +1.7% · price +2.3% | 1.6% | $3.91B | +$85.8M | ||||||||
| Home Depot IncCOM · shares +1.3% · price −4.0% | 1.5% | $3.72B | −$152.8M | ||||||||
| Goldman SachsCOM · shares +1.9% · price +15.7% | 1.4% | $3.52B | +$468.4M | ||||||||
| Caterpillar IncCOM · shares +1.4% · price −7.3% | 1.3% | $3.29B | −$253.9M | ||||||||
| Exxon Mobil CorpCOM · shares +2.2% · price −8.2% | 1.3% | $3.21B | −$281.8M | ||||||||
| Procter And Gamble CoCOM · shares +1.7% · price −3.2% | 1.2% | $3.13B | −$102.0M | ||||||||
| Visa Inc.COM · shares +1.8% · price +14.9% | 1.2% | $3.08B | +$393.8M | ||||||||
| OracleCOM · shares +0.5% · price −2.2% | 1.2% | $3.00B | −$67.3M | ||||||||
| AMDCOM · shares +1.2% · price −26.4% | 1.2% | $2.91B | −$1.03B | ||||||||
| Chevron Corp NewCOM · shares +2.1% · price −1.7% | 1.1% | $2.88B | −$47.3M | ||||||||
| Morgan StanleyCOM · shares +1.9% · price +20.6% | 1.1% | $2.87B | +$481.3M | ||||||||
| Total · 975 positions | 100% | $251.33B | +$2.95B |
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 Q3 2024 to Q4 2024: 866 stocks held throughout, up $2.95B (+1.2%).
- Amazon+$1.48B+18%
- Broadcom+$1.39B+34%
- Nvidia+$1.24B+11%
- Alphabet+$1.17B+14%
- Apple+$1.02B+7%
- Novo Nordisk A S ADR−$417.8M−28%
- Asml Holding N V Nys−$443.3M−17%
- Eli Lilly−$576.3M−13%
- Freeport-McMoRan−$702.9M−24%
- AMD−$1.03B−26%
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 ↗ |