Fisher Asset Management, LLC
Long book
$294.89B
Q1 2026
Positions
1016
Top-10 weight
33%
concentration
Last quarter
+10.6%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsFisher Asset Management, LLC is an active long-only manager, running a $294.89B US long book across 1016 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, ISHARES 7-10 YEAR TREASURY B, ALPHABET INC-CL A, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.5%
Q2 2024
+3.8%
Q3 2024
+1.7%
Q4 2024
-4.4%
Q1 2025
+10.7%
Q2 2025
+8.0%
Q3 2025
+4.8%
Q4 2025
-1.4%
Q1 2026
+10.6%
Sector allocation
Technology 31%
Financials 17%
Industrials 16%
Consumer discretionary 9%
Healthcare 9%
Energy 8%
Services media 3%
Other 2%
Long book by quarter
What does Fisher Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 88.6M | $15.44B | 5.2% | +2.9% |
| AAPL APPLE INC | Technology | 56.4M | $14.32B | 4.9% | +2.3% |
| GOOGL ALPHABET INC-CL A | Technology | 39.1M | $11.23B | 3.8% | +2.5% |
| MSFT MICROSOFT CORP | Technology | 25.9M | $9.60B | 3.3% | +2.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 34.2M | $7.12B | 2.4% | +1.8% |
| CAT CATERPILLAR INC | Industrials | 9.8M | $6.93B | 2.3% | +3.0% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 4.6M | $6.08B | 2.1% | +2.6% |
| GS GOLDMAN SACHS GROUP INC | Financials | 6.8M | $5.78B | 2.0% | +0.8% |
| XOM EXXON MOBIL CORP | Energy | 32.3M | $5.48B | 1.9% | +2.5% |
| WMT WALMART INC | Consumer discretionary | 41.0M | $5.09B | 1.7% | +0.9% |
| JPM JPMORGAN CHASE & CO | Financials | 17.0M | $5.01B | 1.7% | +6.3% |
| AVGO BROADCOM INC | Technology | 14.7M | $4.55B | 1.5% | +6.1% |
| CVX CHEVRON CORP | Energy | 21.9M | $4.53B | 1.5% | +1.9% |
| LLY ELI LILLY & CO | Healthcare | 4.8M | $4.45B | 1.5% | +5.1% |
| RTX RTX CORP | Industrials | 22.2M | $4.29B | 1.5% | +2.0% |
| MS MORGAN STANLEY | Financials | 25.6M | $4.21B | 1.4% | +2.3% |
| C CITIGROUP INC | Financials | 35.2M | $3.99B | 1.4% | +3.9% |
| FCX FREEPORT-MCMORAN INC | Materials | 65.1M | $3.83B | 1.3% | +1.9% |
| META META PLATFORMS INC-CLASS A | Technology | 6.7M | $3.82B | 1.3% | +1.1% |
| HD HOME DEPOT INC | Consumer discretionary | 10.3M | $3.39B | 1.1% | +1.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 3.2M | $3.21B | 1.1% | +1.4% |
| MRK MERCK & CO. INC. | Healthcare | 26.4M | $3.18B | 1.1% | +6.3% |
| PFE PFIZER INC | Healthcare | 105.0M | $2.95B | 1.0% | +102.0% |
| AXP AMERICAN EXPRESS CO | Financials | 9.3M | $2.80B | 0.9% | +2.5% |
| BAC BANK OF AMERICA CORP | Financials | 57.3M | $2.80B | 0.9% | +6.6% |
| UBS UBS GROUP AG-REG | Financials | 66.1M | $2.58B | 0.9% | +3.1% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 17.5M | $2.30B | 0.8% | +1.7% |
| V VISA INC-CLASS A SHARES | Services media | 7.6M | $2.29B | 0.8% | +1.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 9.3M | $2.26B | 0.8% | +4.5% |
| MA MASTERCARD INC - A | Services media | 4.4M | $2.20B | 0.7% | +1.2% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 45.0M | $2.19B | 0.7% | +5.3% |
| AZN ASTRAZENECA PLC | Healthcare | 10.8M | $2.14B | 0.7% | New |
| SCHW SCHWAB (CHARLES) CORP | Financials | 22.2M | $2.09B | 0.7% | +1.8% |
| COP CONOCOPHILLIPS | Energy | 15.2M | $2.01B | 0.7% | +2.5% |
| ABBV ABBVIE INC | Healthcare | 9.1M | $1.98B | 0.7% | +1347.0% |
| NFLX NETFLIX INC | Services media | 20.3M | $1.96B | 0.7% | -0.8% |
| CMI CUMMINS INC | Industrials | 3.5M | $1.88B | 0.6% | +2.5% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 3.9M | $1.78B | 0.6% | +1.8% |
| BLK BLACKROCK INC | Financials | 1.8M | $1.71B | 0.6% | -2.4% |
| DE DEERE & CO | Industrials | 3.0M | $1.71B | 0.6% | +6.1% |
| TTE TOTALENERGIES SE | Energy | 18.0M | $1.63B | 0.6% | -7.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 11.0M | $1.59B | 0.5% | +1.0% |
| UNP UNION PACIFIC CORP | Industrials | 6.5M | $1.58B | 0.5% | +1.1% |
| UNH UNITEDHEALTH GROUP INC | Financials | 5.2M | $1.42B | 0.5% | -1.1% |
| ORCL ORACLE CORP | Technology | 9.6M | $1.41B | 0.5% | +2.7% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 2.9M | $1.40B | 0.5% | +2.1% |
| CSCO CISCO SYSTEMS INC | Technology | 17.3M | $1.34B | 0.5% | +442.7% |
| PEP PEPSICO INC | Consumer staples | 8.5M | $1.32B | 0.4% | +2.6% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 2.6M | $1.26B | 0.4% | -2.9% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 6.6M | $1.20B | 0.4% | -5.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 1016 | $294.89B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 1017 | $292.99B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 1014 | $276.29B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 986 | $251.89B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 999 | $231.00B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 975 | $251.33B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 919 | $244.02B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 986 | $229.85B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 964 | $214.11B | canonical | SEC ↗ |