Filed: 11/12/2025ACC: 0000850529-25-000011
📋 What this filing means
FISHER ASSET MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 1014 equity positions with a total reported market value of $276.29B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
1014
Positions
$276.29B
Total AUM (reported)
2.99B
Total Shares
Allocation by class
COM$276.29B100.0%
Portfolio Concentration
Top 3$42.51B15.4%
4–10$46.87B17.0%
11–25$56.86B20.6%
Rest$130.04B47.1%
Top 3 weight
15.4%
Top 10 weight
32.4%
Voting Authority Distribution
Total shares with voting rights: 2.99B
Sole
Full voting authority
2.54B
shares
% of voting shares84.9%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
451.08M
shares
% of voting shares15.1%
Investment Discretion (by position count)
Sole227
Shared0
Other787
Dominant voting typeSole · 84.9% of voting shares
Institutional Holdings1014
Rows:
NVIDIA CORP COM
DFNDShares84.56M
TypeSH
Market value$15.78B
5.71%
Sole
76.10M
Shared
0.00
None
8.47M
APPLE INC
DFNDShares54.44M
TypeSH
Market value$13.86B
5.02%
Sole
49.33M
Shared
0.00
None
5.11M
MICROSOFT CORP
DFNDShares24.84M
TypeSH
Market value$12.87B
4.66%
Sole
22.28M
Shared
0.00
None
2.56M
ALPHABET INC CLASS A
DFNDShares37.52M
TypeSH
Market value$9.12B
3.30%
Sole
34.10M
Shared
0.00
None
3.43M
ISHARES TR 7 10YR TR BD ETF
DFNDShares87.66M
TypeSH
Market value$8.46B
3.06%
Sole
87.11M
Shared
0.00
None
554.82K
AMAZON COM INC COM
DFNDShares33.10M
TypeSH
Market value$7.27B
2.63%
Sole
30.02M
Shared
0.00
None
3.09M
VANGUARD FDS INTTERM CORP
DFNDShares80.64M
TypeSH
Market value$6.78B
2.45%
Sole
80.12M
Shared
0.00
None
519.80K
GOLDMAN SACHS GROUP INC
DFNDShares6.66M
TypeSH
Market value$5.30B
1.92%
Sole
6.01M
Shared
0.00
None
647.69K
TAIWAN SEMICONDUCTOR MFG L ADR
DFNDShares17.83M
TypeSH
Market value$4.98B
1.80%
Sole
12.03M
Shared
0.00
None
5.81M
JPMORGAN CHASE AND CO
DFNDShares15.72M
TypeSH
Market value$4.96B
1.79%
Sole
14.15M
Shared
0.00
None
1.57M
META PLATFORMS INC CL A
DFNDShares6.50M
TypeSH
Market value$4.77B
1.73%
Sole
5.93M
Shared
0.00
None
564.90K
CATERPILLAR INC
DFNDShares9.44M
TypeSH
Market value$4.50B
1.63%
Sole
8.98M
Shared
0.00
None
461.90K
ASML HOLDING N V NYS
DFNDShares4.35M
TypeSH
Market value$4.21B
1.53%
Sole
3.94M
Shared
0.00
None
417.06K
BROADCOM INC COM
DFNDShares12.61M
TypeSH
Market value$4.16B
1.51%
Sole
11.83M
Shared
0.00
None
784.34K
WALMART INC
DFNDShares40.30M
TypeSH
Market value$4.15B
1.50%
Sole
36.66M
Shared
0.00
None
3.64M
HOME DEPOT INC
DFNDShares10.13M
TypeSH
Market value$4.10B
1.49%
Sole
8.95M
Shared
0.00
None
1.18M
MORGAN STANLEY
DFNDShares24.49M
TypeSH
Market value$3.89B
1.41%
Sole
21.80M
Shared
0.00
None
2.69M
SAP SE ADR
DFNDShares14.55M
TypeSH
Market value$3.89B
1.41%
Sole
14.43M
Shared
0.00
None
117.82K
RTX CORPORATION COM
DFNDShares21.17M
TypeSH
Market value$3.54B
1.28%
Sole
19.41M
Shared
0.00
None
1.76M
EXXON MOBIL CORP
DFNDShares31.19M
TypeSH
Market value$3.52B
1.27%
Sole
27.92M
Shared
0.00
None
3.28M
ELI LILLY AND CO
DFNDShares4.45M
TypeSH
Market value$3.40B
1.23%
Sole
4.23M
Shared
0.00
None
225.49K
CITIGROUP INC
DFNDShares33.04M
TypeSH
Market value$3.35B
1.21%
Sole
29.04M
Shared
0.00
None
4.01M
CHEVRON CORP NEW
DFNDShares21.15M
TypeSH
Market value$3.28B
1.19%
Sole
18.90M
Shared
0.00
None
2.26M
SONY GROUP CORP ADR
DFNDShares104.64M
TypeSH
Market value$3.13B
1.13%
Sole
99.38M
Shared
0.00
None
5.27M
AMERICAN EXPRESS CO
DFNDShares8.88M
TypeSH
Market value$2.95B
1.07%
Sole
7.82M
Shared
0.00
None
1.06M
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORP COMDFND | COM | 84.56M | SH | $15.78B 5.71% | 76.10M | 0.00 | 8.47M |
APPLE INCDFND | COM | 54.44M | SH | $13.86B 5.02% | 49.33M | 0.00 | 5.11M |
MICROSOFT CORPDFND | COM | 24.84M | SH | $12.87B 4.66% | 22.28M | 0.00 | 2.56M |
ALPHABET INC CLASS ADFND | COM | 37.52M | SH | $9.12B 3.30% | 34.10M | 0.00 | 3.43M |
ISHARES TR 7 10YR TR BD ETFDFND | COM | 87.66M | SH | $8.46B 3.06% | 87.11M | 0.00 | 554.82K |
AMAZON COM INC COMDFND | COM | 33.10M | SH | $7.27B 2.63% | 30.02M | 0.00 | 3.09M |
VANGUARD FDS INTTERM CORPDFND | COM | 80.64M | SH | $6.78B 2.45% | 80.12M | 0.00 | 519.80K |
GOLDMAN SACHS GROUP INCDFND | COM | 6.66M | SH | $5.30B 1.92% | 6.01M | 0.00 | 647.69K |
TAIWAN SEMICONDUCTOR MFG L ADRDFND | COM | 17.83M | SH | $4.98B 1.80% | 12.03M | 0.00 | 5.81M |
JPMORGAN CHASE AND CODFND | COM | 15.72M | SH | $4.96B 1.79% | 14.15M | 0.00 | 1.57M |
META PLATFORMS INC CL ADFND | COM | 6.50M | SH | $4.77B 1.73% | 5.93M | 0.00 | 564.90K |
CATERPILLAR INCDFND | COM | 9.44M | SH | $4.50B 1.63% | 8.98M | 0.00 | 461.90K |
ASML HOLDING N V NYSDFND | COM | 4.35M | SH | $4.21B 1.53% | 3.94M | 0.00 | 417.06K |
BROADCOM INC COMDFND | COM | 12.61M | SH | $4.16B 1.51% | 11.83M | 0.00 | 784.34K |
WALMART INCDFND | COM | 40.30M | SH | $4.15B 1.50% | 36.66M | 0.00 | 3.64M |
HOME DEPOT INCDFND | COM | 10.13M | SH | $4.10B 1.49% | 8.95M | 0.00 | 1.18M |
MORGAN STANLEYDFND | COM | 24.49M | SH | $3.89B 1.41% | 21.80M | 0.00 | 2.69M |
SAP SE ADRDFND | COM | 14.55M | SH | $3.89B 1.41% | 14.43M | 0.00 | 117.82K |
RTX CORPORATION COMDFND | COM | 21.17M | SH | $3.54B 1.28% | 19.41M | 0.00 | 1.76M |
EXXON MOBIL CORPDFND | COM | 31.19M | SH | $3.52B 1.27% | 27.92M | 0.00 | 3.28M |
ELI LILLY AND CODFND | COM | 4.45M | SH | $3.40B 1.23% | 4.23M | 0.00 | 225.49K |
CITIGROUP INCDFND | COM | 33.04M | SH | $3.35B 1.21% | 29.04M | 0.00 | 4.01M |
CHEVRON CORP NEWDFND | COM | 21.15M | SH | $3.28B 1.19% | 18.90M | 0.00 | 2.26M |
SONY GROUP CORP ADRDFND | COM | 104.64M | SH | $3.13B 1.13% | 99.38M | 0.00 | 5.27M |
AMERICAN EXPRESS CODFND | COM | 8.88M | SH | $2.95B 1.07% | 7.82M | 0.00 | 1.06M |
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