Fisher Funds Management LTD
Filing Date
Global Rank
#860
/ 8,586
▼ 44
Top Industry
Semiconductors
6.8%
3Y Alpha vs SPY
-13.5%
Period ended 3 months ago
Filed Apr 16, 2026 · 2mo
6 quarters · since Dec 2024
Clone Performance
Feb 2025–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+7.3%
SPY
+25.8%
Annualised alpha
-13.4%
Max drawdown
−16.6%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
167 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
5.8%
+0.1 pts
Top 5
19.1%
+0.1 pts
Top 10
30.3%
−0.8 pts
HHI
168
Diversified−5
Portfolio Trend
6 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 22.1% | $749,127,069 |
| Healthcare | 18.6% | $629,700,239 |
| Financial Services | 15.2% | $514,223,643 |
| Communication Services | 10.8% | $363,874,420 |
| Industrials | 9.8% | $330,172,797 |
| Consumer Cyclical | 9.7% | $329,014,618 |
| Utilities | 4.6% | $156,326,317 |
| Real Estate | 2.6% | $86,562,713 |
| Basic Materials | 2.5% | $85,182,659 |
| Energy | 2.4% | $81,384,007 |
| Consumer Defensive | 1.7% | $56,673,349 |
| Unclassified | 0.1% | $1,786,827 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
24 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| UBER | Uber Technologies, Inc | +672,858 | 788,026 | $56,682,710 | |
| BSX | Boston Scientific Corp | +490,387 | 860,964 | $54,025,491 | |
| NFLX | Netflix Inc | +202,963 | 825,858 | $79,406,246 | |
| FND | Floor & Decor Holdings, Inc. | +195,952 | 1,086,888 | $55,213,910 | |
| VST | Vistra Corp. | +133,755 | 140,089 | $21,059,579 | |
| EFX | Equifax Inc | +98,497 | 226,651 | $40,813,045 | |
| COF | Capital One Financial Corp | +95,487 | 101,321 | $18,483,990 | |
| MSFT | Microsoft Corp | +81,500 | 527,159 | $195,138,447 | |
| AJG | Arthur J. Gallagher & Co. | +69,379 | 207,219 | $44,879,491 | |
| AXP | American Express Co | +48,121 | 84,377 | $25,522,354 | |
| WCN | Waste Connections, Inc. | +36,895 | 196,508 | $31,920,759 | |
| KKR | KKR & Co. Inc. | +36,269 | 427,156 | $39,511,930 | |
| ISRG | Intuitive Surgical Inc | +31,392 | 142,156 | $65,532,494 | |
| NVDA | Nvidia Corp | +31,330 | 569,809 | $99,374,689 | |
| MELI | Mercadolibre Inc | +30,716 | 35,471 | $61,330,068 | |
| OMAB | Central North Airport Group | +24,583 | 148,551 | $17,043,256 | |
| PGR | Progressive Corp/Oh/ | +19,918 | 178,334 | $35,352,932 | |
| MA | Mastercard Inc | +18,396 | 195,699 | $97,782,962 | |
| CMS | Cms Energy Corp | +17,189 | 525,747 | $40,787,452 | |
| AMZN | Amazon Com Inc | +10,511 | 693,708 | $144,478,565 | |
| MCK | Mckesson Corp | +8,921 | 43,890 | $37,980,650 | |
| HCA | HCA Healthcare, Inc. | +5,223 | 97,979 | $46,367,581 | |
| META | Meta Platforms, Inc. | +3,256 | 181,787 | $104,005,796 | |
| EQIX | Equinix Inc | +568 | 23,071 | $22,615,117 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ICLR | Icon PLC | −338,811 | 174,291 | $19,287,042 | |
| DXCM | Dexcom Inc | −308,264 | 910,584 | $57,184,675 | |
| ODFL | Old Dominion Freight Line, Inc. | −264,250 | 274,549 | $53,646,874 | |
| EW | Edwards Lifesciences Corp | −242,305 | 519,594 | $41,609,087 | |
| IT | Gartner Inc | −151,579 | 11,035 | $1,747,281 | |
| CRM | Salesforce, Inc. | −147,952 | 134,513 | $25,109,541 | |
| TEAM | Atlassian Corp | −111,398 | 222,613 | $15,193,337 | |
| T | At&T Inc. | −105,925 | 741,432 | $21,494,113 | |
| KMI | Kinder Morgan, Inc. | −97,618 | 1,297,651 | $43,510,238 | |
| CSCO | Cisco Systems, Inc. | −81,193 | 328,629 | $25,498,324 | |
| ZTS | Zoetis Inc. | −78,215 | 491,051 | $58,047,138 | |
| AMT | American Tower Corp /Ma/ | −78,211 | 209,470 | $36,150,332 | |
| CP | Canadian Pacific Kansas City Ltd/Cn | −77,613 | 285,288 | $22,440,754 | |
| UNP | Union Pacific Corp | −75,979 | 39,150 | $9,498,573 | |
| GOOGL | Alphabet Inc. | −75,325 | 365,199 | $105,016,624 | |
| AAPL | Apple Inc. | −74,314 | 260,471 | $66,104,935 | |
| CCI | Crown Castle Inc. | −72,133 | 243,881 | $19,829,964 | |
| PFE | Pfizer Inc | −57,887 | 343,247 | $9,638,375 | |
| IBP | Installed Building Products, Inc. | −53,882 | 28,966 | $7,680,334 | |
| JPM | Jpmorgan Chase & Co | −47,234 | 151,952 | $44,698,200 | |
| TW | Tradeweb Markets Inc. | −44,581 | 303,799 | $35,744,990 | |
| AVGO | Broadcom Inc. | −40,523 | 184,521 | $57,111,094 | |
| MRK | Merck & Co., Inc. | −39,106 | 151,132 | $18,179,668 | |
| PPL | PPL Corp | −38,956 | 285,798 | $10,917,483 | |
| DHR | Danaher Corp /De/ | −38,830 | 358,885 | $68,044,596 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
5 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| DG | Dollar General Corp | 105,665 | $12,545,605 | |
| TYL | Tyler Technologies Inc | 25,778 | $8,825,871 | |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | 25,311 | $8,553,852 | |
| WAT | Waters Corp /De/ | 2,239 | $666,774 | |
| VSNT | Versant Media Group, Inc. | 12,456 | $461,121 | |
| No positions match the current search. | ||||
10 positions ·
$85,182,659 total
· Basic Materials only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MLM |
Martin Marietta Materials Inc
Basic Materials
|
Reduced | 31,643 | $18,627,601 | 21.87% | |
| STLD |
Steel Dynamics Inc
Basic Materials
|
Reduced | 88,464 | $15,923,520 | 18.69% | |
| NUE |
Nucor Corp
Basic Materials
|
Held | 77,627 | $13,126,725 | 15.41% | |
| NEM |
NEWMONT Corp /DE/
Basic Materials
|
Held | 74,619 | $8,077,506 | 9.48% | |
| CRH |
Crh Public Ltd Co
Basic Materials
|
Held | 74,967 | $7,880,531 | 9.25% | |
| LYB |
LyondellBasell Industries N.V.
Basic Materials
|
Reduced | 79,727 | $6,422,807 | 7.54% | |
| DOW |
Dow Inc.
Basic Materials
|
Held | 115,112 | $4,794,414 | 5.63% | |
| LIN |
Linde PLC
Basic Materials
|
Held | 7,991 | $3,961,618 | 4.65% | |
| CTVA |
Corteva, Inc.
Basic Materials
|
Held | 43,937 | $3,677,966 | 4.32% | |
| DD |
DuPont de Nemours, Inc.
Basic Materials
|
Held | 58,733 | $2,689,971 | 3.16% |