Filed: 8/13/2025ACC: 0000850529-25-000005
📋 What this filing means
FISHER ASSET MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 986 equity positions with a total reported market value of $251.89B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
986
Positions
$251.89B
Total AUM (reported)
2.95B
Total Shares
Allocation by class
COM$251.89B100.0%
Portfolio Concentration
Top 3$36.11B14.3%
4–10$41.37B16.4%
11–25$50.96B20.2%
Rest$123.46B49.0%
Top 3 weight
14.3%
Top 10 weight
30.8%
Voting Authority Distribution
Total shares with voting rights: 2.95B
Sole
Full voting authority
2.51B
shares
% of voting shares84.9%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
447.06M
shares
% of voting shares15.1%
Investment Discretion (by position count)
Sole345
Shared0
Other641
Dominant voting typeSole · 84.9% of voting shares
Institutional Holdings986
Rows:
NVIDIA CORP COM
DFNDShares82.51M
TypeSH
Market value$13.04B
5.18%
Sole
74.16M
Shared
0.00
None
8.35M
MICROSOFT CORP
DFNDShares24.30M
TypeSH
Market value$12.09B
4.80%
Sole
21.75M
Shared
0.00
None
2.54M
APPLE INC
DFNDShares53.56M
TypeSH
Market value$10.99B
4.36%
Sole
48.51M
Shared
0.00
None
5.04M
VANGUARD FDS INT-TERM CORP
DFNDShares102.25M
TypeSH
Market value$8.48B
3.37%
Sole
101.58M
Shared
0.00
None
673.66K
AMAZON COM INC COM
DFNDShares32.48M
TypeSH
Market value$7.13B
2.83%
Sole
29.44M
Shared
0.00
None
3.04M
ALPHABET INC CLASS A
DFNDShares36.69M
TypeSH
Market value$6.47B
2.57%
Sole
33.31M
Shared
0.00
None
3.37M
ISHARES TR 7 10YR TR BD ETF
DFNDShares57.65M
TypeSH
Market value$5.52B
2.19%
Sole
57.27M
Shared
0.00
None
377.90K
META PLATFORMS INC CL A
DFNDShares6.36M
TypeSH
Market value$4.69B
1.86%
Sole
5.80M
Shared
0.00
None
556.15K
GOLDMAN SACHS GROUP INC
DFNDShares6.54M
TypeSH
Market value$4.63B
1.84%
Sole
5.90M
Shared
0.00
None
638.47K
JPMORGAN CHASE & CO.
DFNDShares15.38M
TypeSH
Market value$4.46B
1.77%
Sole
13.83M
Shared
0.00
None
1.54M
SAP SE ADR
DFNDShares14.16M
TypeSH
Market value$4.31B
1.71%
Sole
14.04M
Shared
0.00
None
117.73K
TAIWAN SEMICONDUCTOR MFG L ADR
DFNDShares17.66M
TypeSH
Market value$4.00B
1.59%
Sole
11.84M
Shared
0.00
None
5.83M
WALMART INC
DFNDShares39.66M
TypeSH
Market value$3.88B
1.54%
Sole
36.08M
Shared
0.00
None
3.58M
CATERPILLAR INC
DFNDShares9.42M
TypeSH
Market value$3.66B
1.45%
Sole
8.92M
Shared
0.00
None
496.82K
HOME DEPOT INC
DFNDShares9.93M
TypeSH
Market value$3.64B
1.45%
Sole
8.77M
Shared
0.00
None
1.17M
BROADCOM INC COM
DFNDShares12.37M
TypeSH
Market value$3.41B
1.35%
Sole
11.62M
Shared
0.00
None
750.03K
ASML HOLDING N V NYS
DFNDShares4.24M
TypeSH
Market value$3.40B
1.35%
Sole
3.83M
Shared
0.00
None
416.71K
MORGAN STANLEY
DFNDShares24.05M
TypeSH
Market value$3.39B
1.34%
Sole
21.39M
Shared
0.00
None
2.66M
ELI LILLY & CO
DFNDShares4.30M
TypeSH
Market value$3.35B
1.33%
Sole
4.08M
Shared
0.00
None
218.76K
EXXON MOBIL CORP
DFNDShares30.85M
TypeSH
Market value$3.33B
1.32%
Sole
27.62M
Shared
0.00
None
3.23M
COSTCO WHSL CORP NEW
DFNDShares3.11M
TypeSH
Market value$3.08B
1.22%
Sole
2.84M
Shared
0.00
None
271.22K
RTX CORPORATION COM
DFNDShares20.60M
TypeSH
Market value$3.01B
1.19%
Sole
18.87M
Shared
0.00
None
1.73M
CHEVRON CORP NEW
DFNDShares20.83M
TypeSH
Market value$2.98B
1.18%
Sole
18.60M
Shared
0.00
None
2.23M
AMERICAN EXPRESS CO
DFNDShares8.73M
TypeSH
Market value$2.79B
1.11%
Sole
7.68M
Shared
0.00
None
1.06M
CITIGROUP INC
DFNDShares32.16M
TypeSH
Market value$2.74B
1.09%
Sole
28.21M
Shared
0.00
None
3.95M
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORP COMDFND | COM | 82.51M | SH | $13.04B 5.18% | 74.16M | 0.00 | 8.35M |
MICROSOFT CORPDFND | COM | 24.30M | SH | $12.09B 4.80% | 21.75M | 0.00 | 2.54M |
APPLE INCDFND | COM | 53.56M | SH | $10.99B 4.36% | 48.51M | 0.00 | 5.04M |
VANGUARD FDS INT-TERM CORPDFND | COM | 102.25M | SH | $8.48B 3.37% | 101.58M | 0.00 | 673.66K |
AMAZON COM INC COMDFND | COM | 32.48M | SH | $7.13B 2.83% | 29.44M | 0.00 | 3.04M |
ALPHABET INC CLASS ADFND | COM | 36.69M | SH | $6.47B 2.57% | 33.31M | 0.00 | 3.37M |
ISHARES TR 7 10YR TR BD ETFDFND | COM | 57.65M | SH | $5.52B 2.19% | 57.27M | 0.00 | 377.90K |
META PLATFORMS INC CL ADFND | COM | 6.36M | SH | $4.69B 1.86% | 5.80M | 0.00 | 556.15K |
GOLDMAN SACHS GROUP INCDFND | COM | 6.54M | SH | $4.63B 1.84% | 5.90M | 0.00 | 638.47K |
JPMORGAN CHASE & CO.DFND | COM | 15.38M | SH | $4.46B 1.77% | 13.83M | 0.00 | 1.54M |
SAP SE ADRDFND | COM | 14.16M | SH | $4.31B 1.71% | 14.04M | 0.00 | 117.73K |
TAIWAN SEMICONDUCTOR MFG L ADRDFND | COM | 17.66M | SH | $4.00B 1.59% | 11.84M | 0.00 | 5.83M |
WALMART INCDFND | COM | 39.66M | SH | $3.88B 1.54% | 36.08M | 0.00 | 3.58M |
CATERPILLAR INCDFND | COM | 9.42M | SH | $3.66B 1.45% | 8.92M | 0.00 | 496.82K |
HOME DEPOT INCDFND | COM | 9.93M | SH | $3.64B 1.45% | 8.77M | 0.00 | 1.17M |
BROADCOM INC COMDFND | COM | 12.37M | SH | $3.41B 1.35% | 11.62M | 0.00 | 750.03K |
ASML HOLDING N V NYSDFND | COM | 4.24M | SH | $3.40B 1.35% | 3.83M | 0.00 | 416.71K |
MORGAN STANLEYDFND | COM | 24.05M | SH | $3.39B 1.34% | 21.39M | 0.00 | 2.66M |
ELI LILLY & CODFND | COM | 4.30M | SH | $3.35B 1.33% | 4.08M | 0.00 | 218.76K |
EXXON MOBIL CORPDFND | COM | 30.85M | SH | $3.33B 1.32% | 27.62M | 0.00 | 3.23M |
COSTCO WHSL CORP NEWDFND | COM | 3.11M | SH | $3.08B 1.22% | 2.84M | 0.00 | 271.22K |
RTX CORPORATION COMDFND | COM | 20.60M | SH | $3.01B 1.19% | 18.87M | 0.00 | 1.73M |
CHEVRON CORP NEWDFND | COM | 20.83M | SH | $2.98B 1.18% | 18.60M | 0.00 | 2.23M |
AMERICAN EXPRESS CODFND | COM | 8.73M | SH | $2.79B 1.11% | 7.68M | 0.00 | 1.06M |
CITIGROUP INCDFND | COM | 32.16M | SH | $2.74B 1.09% | 28.21M | 0.00 | 3.95M |
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