Fisher Asset Management, LLC

CIK

850529

Location

PLANO, TX

Portfolio Value

Mega $255,929,381,322

Diversification

Diversified

Filing Date

Global Rank

#37 / 8,603 ▲ 1 · as of Mar 2026

Top Industry

Semiconductors 10.5%

3Y Alpha vs SPY

+0.8%

Period ended 3 months ago

Filed May 5, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+79.0%

SPY

+76.0%

Annualised alpha

+0.7%

Max drawdown

−21.1%

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

773 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.0%

−0.3 pts

Top 5

22.6%

−2.1 pts

Top 10

34.3%

−0.9 pts

HHI

196

Diversified−11

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	26.6%	$68,203,328,104	111
Financial Services	19.9%	$51,027,910,540	161
Industrials	12.0%	$30,708,969,756	114
Healthcare	11.4%	$29,222,704,235	107
Energy	7.2%	$18,474,938,457	55
Communication Services	7.2%	$18,424,552,639	15
Consumer Cyclical	6.0%	$15,396,789,346	63
Consumer Defensive	5.5%	$14,038,053,532	37
Basic Materials	3.4%	$8,577,239,652	36
Real Estate	0.4%	$1,054,290,592	45
Unclassified	0.3%	$768,710,663	8
Utilities	0.0%	$31,893,806	21

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
PFE	Pfizer Inc	+53,012,321	104,964,427	$2,947,401,110
CSCO	Cisco Systems, Inc.	+14,113,710	17,301,583	$1,342,429,824
ABBV	AbbVie Inc.	+8,463,716	9,092,054	$1,977,430,824
NVS	Novartis AG	+6,419,899	13,885,749	$2,121,048,159
BAC	Bank Of America Corp /De/	+3,565,199	57,349,020	$2,795,764,725
NVDA	Nvidia Corp	+2,502,033	88,559,570	$15,444,789,008
MUFG	Mitsubishi Ufj Financial Group Inc	+2,413,185	95,689,304	$1,623,847,488
CNQ	CANADIAN NATURAL RESOURCES Ltd	+2,278,424	45,024,405	$2,194,039,255
LYG	Lloyds Banking Group plc	+2,249,630	153,508,612	$772,148,318
UBS	UBS Group AG	+1,966,974	66,074,238	$2,581,520,478
BCS	Barclays PLC	+1,700,781	91,450,850	$1,935,099,986
SONY	Sony Group Corp	+1,649,360	110,630,948	$2,290,060,623
NWG	NatWest Group plc	+1,572,159	42,484,360	$633,016,964
MRK	Merck & Co., Inc.	+1,562,957	26,436,284	$3,180,020,602
SMFG	Sumitomo Mitsui Financial Group, Inc.	+1,549,930	3,196,927	$63,139,308
C	Citigroup Inc	+1,331,711	35,218,996	$3,994,186,336
GSK	GSK plc	+1,326,378	34,522,363	$1,905,289,213
EMR	Emerson Electric Co	+1,288,901	8,480,019	$1,111,052,089
AAPL	Apple Inc.	+1,283,589	56,430,341	$14,321,456,242
SU	Suncor Energy Inc	+1,268,783	18,089,707	$1,195,910,529
FCX	Freeport-Mcmoran Inc	+1,208,849	65,089,606	$3,825,967,040
JPM	Jpmorgan Chase & Co	+1,001,409	17,020,065	$5,006,622,320
DB	Deutsche Bank Aktiengesellschaft	+995,831	28,394,492	$845,587,971
GOOGL	Alphabet Inc.	+944,529	39,050,562	$11,229,379,608
VALE	Vale S.A.	+922,299	22,519,675	$358,288,029
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SAN	Banco Santander, S.A.	−57,347,736	39,517,855	$445,761,404
ABT	Abbott Laboratories	−10,688,150	752,105	$77,218,620
BSX	Boston Scientific Corp	−8,687,613	450,603	$28,275,338
BBVA	Banco Bilbao Vizcaya Argentaria, S.A.	−4,239,629	29,715,109	$643,629,260
IVZ	Invesco Ltd.	−4,047,257	1,461,487	$35,499,519
ADBE	Adobe Inc.	−3,836,949	124,904	$30,361,664
ING	Ing Groep NV	−3,515,664	49,705,445	$1,294,826,842
SYK	Stryker Corp	−2,658,808	458,475	$150,650,300
PBR	Petrobras - Petroleo Brasileiro SA	−2,152,030	11,830,951	$245,492,233
JEF	Jefferies Financial Group Inc.	−2,100,509	14,807	$611,084
CARR	CARRIER GLOBAL Corp	−1,765,297	13,029,802	$733,708,150
JHG	Janus Henderson Group Ltd.	−1,691,397	7,315	$375,771
TTE	TotalEnergies SE	−1,371,148	17,953,188	$1,633,381,044
POWW	Outdoor Holding Co	−1,291,292	283,333	$569,499
TROW	Price T Rowe Group Inc	−1,117,471	488,348	$44,019,688
JD	JD.com, Inc.	−999,717	2,332,131	$68,961,113
NVO	Novo Nordisk A S	−763,119	9,021,103	$331,525,535
SNY	Sanofi	−698,452	11,442,163	$551,283,413
LITE	Lumentum Holdings Inc.	−447,358	88,365	$62,099,387
HMC	Honda Motor Co Ltd	−438,784	10,093,465	$245,372,134
CRM	Salesforce, Inc.	−386,775	3,891,702	$726,464,012
MICC	Magnum Ice Cream Co N.V.	−370,898	290,480	$4,342,676
NKE	NIKE, Inc.	−366,995	50,644	$2,675,016
COF	Capital One Financial Corp	−356,247	6,581,115	$1,200,592,809
NOW	ServiceNow, Inc.	−318,872	8,032,952	$839,845,131
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	10,845,708	$2,138,990,531
CGON	CG Oncology, Inc.	465,033	$31,473,433
PNFP	Pinnacle Financial Partners, Inc.	173,476	$14,943,222
RYN	Rayonier Inc	421,641	$8,694,237
CMPX	Compass Therapeutics, Inc.	1,348,259	$7,132,290
NRIX	Nurix Therapeutics, Inc.	384,831	$5,964,880
GLUE	Monte Rosa Therapeutics, Inc.	314,862	$5,179,479
OLMA	Olema Pharmaceuticals, Inc.	299,756	$4,469,361
INGR	Ingredion Inc	30,698	$3,458,436
PTCT	Ptc Therapeutics, Inc.	44,558	$3,035,736
JKHY	Jack Henry & Associates Inc	16,629	$2,628,047
FTAI	FTAI Aviation Ltd.	10,544	$2,583,280
ALNY	Alnylam Pharmaceuticals, Inc.	6,045	$2,000,109
EMBJ	Embraer S.A.	23,014	$1,365,650
PKBK	Parke Bancorp, Inc.	46,754	$1,327,813
SPFI	South Plains Financial, Inc.	31,544	$1,321,693
ACNB	Acnb Corp	26,296	$1,258,789
BFC	Bank First Corp	9,320	$1,258,759
VOD	Vodafone Group Public Ltd Co	80,699	$1,212,098
MTUS	Metallus Inc.	71,904	$1,174,911
HLI	Houlihan Lokey, Inc.	7,708	$1,107,022
SNDA	Sonida Senior Living, Inc.	25,169	$811,700
SSD	Simpson Manufacturing Co., Inc.	4,423	$759,075
DD	DuPont de Nemours, Inc.	4,848	$666,115
AURA	Aura Biosciences, Inc.	83,508	$558,668
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
TCOM	Trip.com Group Ltd	2,431,248	$174,831,043
WBS	Webster Financial Corp	717,424	$45,154,666
HUBG	Hub Group, Inc.	667,510	$28,442,601
GO	Grocery Outlet Holding Corp.	2,546,083	$25,715,438
ACLX	Arcellx, Inc.	322,855	$21,050,146
MMSI	Merit Medical Systems Inc	205,003	$18,068,964
DRH	DiamondRock Hospitality Co	727,615	$6,519,430
EPRT	Essential Properties Realty Trust, Inc.	175,080	$5,192,872
RARE	Ultragenyx Pharmaceutical Inc.	198,696	$4,570,008
SCL	Stepan Co	38,365	$1,816,966
BCPC	Balchem Corp	8,893	$1,363,830
NIC	Nicolet Bankshares Inc	5,811	$704,874
SITC	SITE Centers Corp.	106,307	$682,490
AXON	Axon Enterprise, Inc.	963	$546,916
TK	Teekay Corp Ltd	50,000	$451,500
SYY	Sysco Corp	5,790	$426,665
WCN	Waste Connections, Inc.	2,073	$363,521
OC	Owens Corning	3,176	$355,426
FBTC	Fidelity Wise Origin Bitcoin Fund	4,648	$354,317
BPRE	Bluerock Private Real Estate Fund	22,531	$337,965
MDY	Spdr S&P Midcap 400 ETF Trust	541	$326,374
HOOD	Robinhood Markets, Inc.	2,787	$315,209
PFSI	PennyMac Financial Services, Inc.	2,378	$313,515
A	Agilent Technologies, Inc.	2,214	$301,258
ARM	Arm Holdings PLC /Uk	2,732	$298,634
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

773 positions · $255,929,381,322 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 773 positions by value · page 1 of 16

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	88,559,570	+2,502,033	$15,444,789,008	−3.8%	6.03%
AAPL	Apple Inc. Technology	Added	56,430,341	+1,283,589	$14,321,456,242	−4.5%	5.60%
GOOGL	Alphabet Inc. Communication Services	Added	39,050,562	+944,529	$11,229,379,608	−5.9%	4.39%
MSFT	Microsoft Corp Technology	Added	25,941,594	+641,184	$9,602,799,850	−21.5%	3.75%
AMZN	Amazon Com Inc Consumer Cyclical	Added	34,185,457	+591,845	$7,119,805,129	−8.2%	2.78%
CAT	Caterpillar Inc Industrials	Added	9,775,952	+282,686	$6,925,870,953	+27.4%	2.71%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	18,617,691	+470,791	$6,291,848,673	+14.1%	2.46%
ASML	Asml Holding NV Technology	Added	4,600,512	+115,563	$6,076,494,264	+26.6%	2.37%
GS	Goldman Sachs Group Inc Financial Services	Added	6,827,310	+55,754	$5,775,835,986	−3.0%	2.26%
WMT	Walmart Inc. Consumer Defensive	Added	40,977,756	+350,904	$5,092,715,515	+12.5%	1.99%
JPM	Jpmorgan Chase & Co Financial Services	Added	17,020,065	+1,001,409	$5,006,622,320	−3.0%	1.96%
AVGO	Broadcom Inc. Technology	Added	14,691,363	+847,157	$4,547,123,762	−5.1%	1.78%
CVX	Chevron Corp Energy	Added	21,887,438	+415,519	$4,528,510,922	+38.4%	1.77%
LLY	ELI LILLY & Co Healthcare	Added	4,838,986	+232,659	$4,450,754,153	−10.1%	1.74%
RTX	RTX Corp Industrials	Added	22,244,732	+444,544	$4,291,008,802	+7.3%	1.68%
MS	Morgan Stanley Financial Services	Added	25,600,068	+581,733	$4,213,003,190	−5.1%	1.65%
C	Citigroup Inc Financial Services	Added	35,218,996	+1,331,711	$3,994,186,336	+1.0%	1.56%
FCX	Freeport-Mcmoran Inc Basic Materials	Added	65,089,606	+1,208,849	$3,825,967,040	+17.9%	1.49%
META	Meta Platforms, Inc. Communication Services	Added	6,685,482	+75,590	$3,824,964,816	−12.3%	1.49%
HD	Home Depot, Inc. Consumer Cyclical	Added	10,293,059	+138,590	$3,385,284,174	−3.1%	1.32%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	3,219,856	+43,570	$3,208,361,114	+17.1%	1.25%
MRK	Merck & Co., Inc. Healthcare	Added	26,436,284	+1,562,957	$3,180,020,602	+21.5%	1.24%
BP	Bp PLC Energy	Added	66,622,798	+190,874	$3,131,271,506	+35.7%	1.22%
PFE	Pfizer Inc Healthcare	Added	104,964,427	+53,012,321	$2,947,401,110	+127.8%	1.15%
AXP	American Express Co Financial Services	Added	9,250,373	+226,891	$2,798,052,825	−16.2%	1.09%
BAC	Bank Of America Corp /De/ Financial Services	Added	57,349,020	+3,565,199	$2,795,764,725	−5.5%	1.09%
UBS	UBS Group AG Financial Services	Added	66,074,238	+1,966,974	$2,581,520,478	−13.0%	1.01%
SHEL	Shell plc Energy	Added	27,474,710	+331,925	$2,555,148,030	+28.1%	1.00%
SAP	Sap SE Technology	Reduced	14,534,441	-194,440	$2,488,441,643	−30.4%	0.97%
JCI	Johnson Controls International plc Industrials	Added	17,526,516	+286,563	$2,295,097,270	+11.2%	0.90%
V	Visa Inc. Financial Services	Added	7,589,158	+104,026	$2,293,747,113	−12.6%	0.90%
SONY	Sony Group Corp Technology	Added	110,630,948	+1,649,360	$2,290,060,623	−17.9%	0.89%
JNJ	Johnson & Johnson Healthcare	Added	9,263,611	+397,404	$2,264,397,072	+23.4%	0.88%
MA	Mastercard Inc Financial Services	Added	4,407,853	+52,048	$2,202,427,829	−11.4%	0.86%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Added	45,024,405	+2,278,424	$2,194,039,255	+51.6%	0.86%
AZN	Astrazeneca PLC Healthcare	NEW	10,845,708	NEW	$2,138,990,531	NEW	0.84%
NVS	Novartis AG Healthcare	Added	13,885,749	+6,419,899	$2,121,048,159	+106.1%	0.83%
SCHW	Schwab Charles Corp Financial Services	Added	22,218,091	+399,577	$2,088,056,192	−4.2%	0.82%
COP	Conocophillips Energy	Added	15,217,736	+370,369	$2,008,741,152	+44.5%	0.78%
ABBV	AbbVie Inc. Healthcare	Added	9,092,054	+8,463,716	$1,977,430,824	+1277.3%	0.77%
NFLX	Netflix Inc Communication Services	Reduced	20,336,474	-153,925	$1,955,351,975	+1.8%	0.76%
BCS	Barclays PLC Financial Services	Added	91,450,850	+1,700,781	$1,935,099,986	−15.3%	0.76%
GSK	GSK plc Healthcare	Added	34,522,363	+1,326,378	$1,905,289,213	+17.0%	0.74%
CMI	Cummins Inc Industrials	Added	3,497,060	+86,337	$1,881,488,221	+8.1%	0.74%
RIO	Rio Tinto PLC Basic Materials	Added	20,135,992	+493,248	$1,878,486,693	+19.5%	0.73%
ISRG	Intuitive Surgical Inc Healthcare	Added	3,852,940	+67,970	$1,776,166,810	−17.1%	0.69%
BHP	BHP Group Ltd Basic Materials	Added	23,872,244	+469,770	$1,736,467,028	+22.9%	0.68%
BLK	BlackRock, Inc. Financial Services	Reduced	1,780,959	-43,400	$1,712,766,079	−12.3%	0.67%
DE	Deere & Co Industrials	Added	3,028,164	+175,008	$1,705,764,781	+28.4%	0.67%
TTE	TotalEnergies SE Energy	Reduced	17,953,188	-1,371,148	$1,633,381,044	+29.2%	0.64%