Fisher Funds Management LTD
Long book
$3.41B
Q1 2026
Positions
169
Top-10 weight
30%
concentration
Last quarter
+9.9%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsFisher Funds Management LTD is an institutional manager, running a $3.41B US long book across 169 positions.
The portfolio is moderately concentrated (top 10 ≈ 30% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A, META PLATFORMS INC-CLASS A, NVIDIA CORP.
Over the last 6 quarters its long book ran on average 2.6pp per quarter behind the S&P 500, beating the index in 1 of 6 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
Q4 2024
-3.4%
Q1 2025
+7.9%
Q2 2025
+2.1%
Q3 2025
+2.4%
Q4 2025
-6.6%
Q1 2026
+9.9%
Sector allocation
Technology 29%
Healthcare 15%
Services media 14%
Financials 12%
Consumer discretionary 10%
Utilities 8%
Industrials 7%
Communications 2%
Long book by quarter
What does Fisher Funds own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 527.2K | $195.1M | 5.7% | +18.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 693.7K | $144.5M | 4.2% | +1.5% |
| GOOGL ALPHABET INC-CL A | Technology | 365.2K | $105.0M | 3.1% | -17.1% |
| META META PLATFORMS INC-CLASS A | Technology | 181.8K | $104.0M | 3.0% | +1.8% |
| NVDA NVIDIA CORP | Technology | 569.8K | $99.4M | 2.9% | +5.8% |
| MA MASTERCARD INC - A | Services media | 195.7K | $97.8M | 2.9% | +10.4% |
| NFLX NETFLIX INC | Services media | 825.9K | $79.4M | 2.3% | +32.6% |
| DHR DANAHER CORP | Technology | 358.9K | $68.0M | 2.0% | -9.8% |
| AAPL APPLE INC | Technology | 260.5K | $66.1M | 1.9% | -22.2% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 142.2K | $65.5M | 1.9% | +28.3% |
| MELI MERCADOLIBRE INC | Services media | 35.5K | $61.3M | 1.8% | +646.0% |
| MSCI MSCI INC | Services media | 109.2K | $58.8M | 1.7% | -4.0% |
| ZTS ZOETIS INC | Healthcare | 491.1K | $58.0M | 1.7% | -13.7% |
| DXCM DEXCOM INC | Healthcare | 910.6K | $57.2M | 1.7% | -25.3% |
| AVGO BROADCOM INC | Technology | 184.5K | $57.1M | 1.7% | -18.0% |
| UBER UBER TECHNOLOGIES INC | Services media | 788.0K | $56.7M | 1.7% | +584.2% |
| FND FLOOR & DECOR HOLDINGS INC-A | Consumer discretionary | 1.1M | $55.2M | 1.6% | +22.0% |
| NEE NEXTERA ENERGY INC | Utilities | 582.9K | $54.1M | 1.6% | -5.9% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 861.0K | $54.0M | 1.6% | +132.3% |
| ODFL OLD DOMINION FREIGHT LINE | Industrials | 274.5K | $53.6M | 1.6% | -49.0% |
| HCA HCA HEALTHCARE INC | Healthcare | 98.0K | $46.3M | 1.4% | +5.6% |
| AJG ARTHUR J GALLAGHER & CO | Financials | 207.2K | $44.9M | 1.3% | +50.3% |
| JPM JPMORGAN CHASE & CO | Financials | 152.0K | $44.7M | 1.3% | -23.7% |
| KMI KINDER MORGAN INC | Utilities | 1.3M | $43.5M | 1.3% | -7.0% |
| EW EDWARDS LIFESCIENCES CORP | Healthcare | 519.6K | $41.6M | 1.2% | -31.8% |
| EFX EQUIFAX INC | Services media | 226.7K | $40.8M | 1.2% | +76.9% |
| CMS CMS ENERGY CORP | Utilities | 525.7K | $40.8M | 1.2% | +3.4% |
| KKR KKR & CO INC | Financials | 427.2K | $39.5M | 1.2% | +9.3% |
| MCK MCKESSON CORP | Consumer discretionary | 43.9K | $38.0M | 1.1% | +25.5% |
| TW TRADEWEB MARKETS INC-CLASS A | Financials | 303.8K | $35.7M | 1.0% | -12.8% |
| PGR PROGRESSIVE CORP | Financials | 178.3K | $35.4M | 1.0% | +12.6% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 147.0K | $34.3M | 1.0% | -8.4% |
| WCN WASTE CONNECTIONS INC | Utilities | 196.5K | $31.9M | 0.9% | +23.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 123.3K | $30.1M | 0.9% | -21.0% |
| AMAT APPLIED MATERIALS INC | Technology | 81.1K | $27.7M | 0.8% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 54.0K | $25.9M | 0.8% | -16.6% |
| AXP AMERICAN EXPRESS CO | Financials | 84.4K | $25.5M | 0.7% | +132.7% |
| CSCO CISCO SYSTEMS INC | Technology | 328.6K | $25.5M | 0.7% | -19.8% |
| CRM SALESFORCE INC | Technology | 134.5K | $25.1M | 0.7% | -52.4% |
| WMB WILLIAMS COS INC | Utilities | 333.2K | $24.3M | 0.7% | Held |
| ABBV ABBVIE INC | Healthcare | 105.5K | $22.9M | 0.7% | -18.5% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 285.3K | $22.4M | 0.7% | -21.4% |
| T AT&T INC | Communications | 741.4K | $21.5M | 0.6% | -12.5% |
| VST VISTRA CORP | Utilities | 140.1K | $21.1M | 0.6% | +2111.7% |
| MU MICRON TECHNOLOGY INC | Technology | 58.6K | $19.8M | 0.6% | -15.0% |
| ICLR ICON PLC | Healthcare | 174.3K | $19.3M | 0.6% | -66.0% |
| WBD WARNER BROS DISCOVERY INC | Communications | 694.9K | $19.1M | 0.6% | Held |
| VZ VERIZON COMMUNICATIONS INC | Communications | 375.5K | $18.8M | 0.6% | Held |
| GOOG ALPHABET INC-CL C | Technology | 65.3K | $18.7M | 0.5% | -18.4% |
| MLM MARTIN MARIETTA MATERIALS | Materials | 31.6K | $18.6M | 0.5% | -45.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 16, 2026 | 169 | $3.41B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 166 | $3.87B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 29, 2025 | 160 | $3.79B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 4, 2025 | 168 | $4.21B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 164 | $4.12B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 164 | $4.15B | canonical | SEC ↗ |
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