FISHER ASSET MANAGEMENT, LLC

PrivateCIK: 850529

Location

PLANO, TX

1016

Positions

$294.89B

Total AUM (reported)

2.99B

Total Shares

Allocation by class

COM$294.89B100.0%

Portfolio Concentration

Top 3$43.80B14.9%

4–10$54.63B18.5%

11–25$64.80B22.0%

Rest$131.66B44.6%

Top 3 weight

14.9%

Top 10 weight

33.4%

Voting Authority Distribution

Total shares with voting rights: 2.99B

Sole

Full voting authority

2.58B

% of voting shares86.3%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

410.52M

% of voting shares13.7%

Investment Discretion (by position count)

Sole291

Shared0

Other725

Dominant voting typeSole · 86.3% of voting shares

Institutional Holdings1016

Rows:

NVIDIA CORP COM

DFND

COM

Shares88.56M

TypeSH

Market value$15.44B

5.24%

Sole

79.51M

Shared

0.00

None

9.05M

APPLE INC

DFND

COM

Shares56.43M

TypeSH

Market value$14.32B

4.86%

Sole

50.99M

Shared

0.00

None

5.44M

ISHARES TR 7 10YR TR BD ETF

DFND

COM

Shares147.05M

TypeSH

Market value$14.03B

4.76%

Sole

146.07M

Shared

0.00

None

980.19K

ALPHABET INC CLASS A

DFND

COM

Shares39.05M

TypeSH

Market value$11.23B

3.81%

Sole

35.48M

Shared

0.00

None

3.57M

MICROSOFT CORP

DFND

COM

Shares25.94M

TypeSH

Market value$9.60B

3.26%

Sole

23.26M

Shared

0.00

None

2.68M

VANGUARD FDS INT TERM CORP

DFND

COM

Shares89.20M

TypeSH

Market value$7.38B

2.50%

Sole

88.57M

Shared

0.00

None

627.25K

AMAZON COM INC COM

DFND

COM

Shares34.19M

TypeSH

Market value$7.12B

2.41%

Sole

30.93M

Shared

0.00

None

3.26M

CATERPILLAR INC

DFND

COM

Shares9.78M

TypeSH

Market value$6.93B

2.35%

Sole

9.30M

Shared

0.00

None

477.10K

TAIWAN SEMICONDUCTOR MANUF ADR

DFND

COM

Shares18.62M

TypeSH

Market value$6.29B

2.13%

Sole

12.44M

Shared

0.00

None

6.18M

ASML HLDG NV NYS

DFND

COM

Shares4.60M

TypeSH

Market value$6.08B

2.06%

Sole

4.16M

Shared

0.00

None

437.93K

GOLDMAN SACHS GROUP INC

DFND

COM

Shares6.83M

TypeSH

Market value$5.78B

1.96%

Sole

6.15M

Shared

0.00

None

678.31K

EXXON MOBIL CORP

DFND

COM

Shares32.28M

TypeSH

Market value$5.48B

1.86%

Sole

28.83M

Shared

0.00

None

3.45M

WALMART INC

DFND

COM

Shares40.98M

TypeSH

Market value$5.09B

1.73%

Sole

37.64M

Shared

0.00

None

3.34M

JPMORGAN CHASE CO

DFND

COM

Shares17.02M

TypeSH

Market value$5.01B

1.70%

Sole

15.01M

Shared

0.00

None

2.01M

BROADCOM INC COM

DFND

COM

Shares14.69M

TypeSH

Market value$4.55B

1.54%

Sole

13M

Shared

0.00

None

1.69M

CHEVRON CORPORATION

DFND

COM

Shares21.89M

TypeSH

Market value$4.53B

1.54%

Sole

19.52M

Shared

0.00

None

2.37M

ELI LILLY CO

DFND

COM

Shares4.84M

TypeSH

Market value$4.45B

1.51%

Sole

4.59M

Shared

0.00

None

247.02K

RTX CORPORATION COM

DFND

COM

Shares22.24M

TypeSH

Market value$4.29B

1.46%

Sole

20.42M

Shared

0.00

None

1.82M

MORGAN STANLEY

DFND

COM

Shares25.60M

TypeSH

Market value$4.21B

1.43%

Sole

22.75M

Shared

0.00

None

2.85M

CITIGROUP INC

DFND

COM

Shares35.22M

TypeSH

Market value$3.99B

1.35%

Sole

30.98M

Shared

0.00

None

4.24M

FREEPORT MCMORAN INC

DFND

COM

Shares65.09M

TypeSH

Market value$3.83B

1.30%

Sole

58.80M

Shared

0.00

None

6.29M

META PLATFORMS INC CL A

DFND

COM

Shares6.69M

TypeSH

Market value$3.82B

1.30%

Sole

6.07M

Shared

0.00

None

611.20K

HOME DEPOT INC

DFND

COM

Shares10.29M

TypeSH

Market value$3.39B

1.15%

Sole

9.13M

Shared

0.00

None

1.17M

COSTCO WHOLESALE CORPORATION

DFND

COM

Shares3.22M

TypeSH

Market value$3.21B

1.09%

Sole

2.93M

Shared

0.00

None

291.69K

MERCK CO INC

DFND

COM

Shares26.44M

TypeSH

Market value$3.18B

1.08%

Sole

22.69M

Shared

0.00

None

3.74M

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
NVIDIA CORP COMDFND	COM	88.56M	SH	$15.44B 5.24%	79.51M	9.05M
APPLE INCDFND	COM	56.43M	SH	$14.32B 4.86%	50.99M	5.44M
ISHARES TR 7 10YR TR BD ETFDFND	COM	147.05M	SH	$14.03B 4.76%	146.07M	980.19K
ALPHABET INC CLASS ADFND	COM	39.05M	SH	$11.23B 3.81%	35.48M	3.57M
MICROSOFT CORPDFND	COM	25.94M	SH	$9.60B 3.26%	23.26M	2.68M
VANGUARD FDS INT TERM CORPDFND	COM	89.20M	SH	$7.38B 2.50%	88.57M	627.25K
AMAZON COM INC COMDFND	COM	34.19M	SH	$7.12B 2.41%	30.93M	3.26M
CATERPILLAR INCDFND	COM	9.78M	SH	$6.93B 2.35%	9.30M	477.10K
TAIWAN SEMICONDUCTOR MANUF ADRDFND	COM	18.62M	SH	$6.29B 2.13%	12.44M	6.18M
ASML HLDG NV NYSDFND	COM	4.60M	SH	$6.08B 2.06%	4.16M	437.93K
GOLDMAN SACHS GROUP INCDFND	COM	6.83M	SH	$5.78B 1.96%	6.15M	678.31K
EXXON MOBIL CORPDFND	COM	32.28M	SH	$5.48B 1.86%	28.83M	3.45M
WALMART INCDFND	COM	40.98M	SH	$5.09B 1.73%	37.64M	3.34M
JPMORGAN CHASE CODFND	COM	17.02M	SH	$5.01B 1.70%	15.01M	2.01M
BROADCOM INC COMDFND	COM	14.69M	SH	$4.55B 1.54%	13M	1.69M
CHEVRON CORPORATIONDFND	COM	21.89M	SH	$4.53B 1.54%	19.52M	2.37M
ELI LILLY CODFND	COM	4.84M	SH	$4.45B 1.51%	4.59M	247.02K
RTX CORPORATION COMDFND	COM	22.24M	SH	$4.29B 1.46%	20.42M	1.82M
MORGAN STANLEYDFND	COM	25.60M	SH	$4.21B 1.43%	22.75M	2.85M
CITIGROUP INCDFND	COM	35.22M	SH	$3.99B 1.35%	30.98M	4.24M
FREEPORT MCMORAN INCDFND	COM	65.09M	SH	$3.83B 1.30%	58.80M	6.29M
META PLATFORMS INC CL ADFND	COM	6.69M	SH	$3.82B 1.30%	6.07M	611.20K
HOME DEPOT INCDFND	COM	10.29M	SH	$3.39B 1.15%	9.13M	1.17M
COSTCO WHOLESALE CORPORATIONDFND	COM	3.22M	SH	$3.21B 1.09%	2.93M	291.69K
MERCK CO INCDFND	COM	26.44M	SH	$3.18B 1.08%	22.69M	3.74M

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