FISHER ASSET MANAGEMENT, LLC

PrivateCIK: 850529

Location

PLANO, TX

1037

Positions

$335.83B

Total AUM (reported)

2.75B

Total Shares

Allocation by class

COM$335.83B100.0%

Portfolio Concentration

Top 3$50.09B14.9%

4–10$69.49B20.7%

11–25$73.87B22.0%

Rest$142.38B42.4%

Top 3 weight

14.9%

Top 10 weight

35.6%

Voting Authority Distribution

Total shares with voting rights: 2.75B

Sole

Full voting authority

2.34B

% of voting shares85.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

407.32M

% of voting shares14.8%

Investment Discretion (by position count)

Sole302

Shared0

Other735

Dominant voting typeSole · 85.2% of voting shares

Institutional Holdings1037

Rows:

NVIDIA CORP COM

DFND

COM

Shares90.94M

TypeSH

Market value$18.20B

5.42%

Sole

81.66M

Shared

0.00

None

9.28M

APPLE INC

DFND

COM

Shares57.61M

TypeSH

Market value$16.67B

4.96%

Sole

52.01M

Shared

0.00

None

5.60M

ISHARES TR 7 10YR TR BD ETF

DFND

COM

Shares160.96M

TypeSH

Market value$15.22B

4.53%

Sole

159.92M

Shared

0.00

None

1.04M

ALPHABET INC CLASS A

DFND

COM

Shares39.99M

TypeSH

Market value$14.29B

4.26%

Sole

36.29M

Shared

0.00

None

3.70M

CATERPILLAR INC

DFND

COM

Shares9.94M

TypeSH

Market value$10.59B

3.15%

Sole

9.45M

Shared

0.00

None

493K

MICROSOFT CORP

DFND

COM

Shares26.61M

TypeSH

Market value$9.93B

2.96%

Sole

23.87M

Shared

0.00

None

2.74M

ASML HLDG NV NYS

DFND

COM

Shares4.74M

TypeSH

Market value$9.43B

2.81%

Sole

4.28M

Shared

0.00

None

453.32K

TAIWAN SEMICONDUCTOR MANUF ADR

DFND

COM

Shares18.87M

TypeSH

Market value$9.01B

2.68%

Sole

12.63M

Shared

0.00

None

6.24M

AMAZON COM INC COM

DFND

COM

Shares34.98M

TypeSH

Market value$8.34B

2.48%

Sole

31.63M

Shared

0.00

None

3.34M

VANGUARD FDS INT TERM CORP

DFND

COM

Shares95.70M

TypeSH

Market value$7.91B

2.36%

Sole

95.06M

Shared

0.00

None

640.23K

GOLDMAN SACHS GROUP INC

DFND

COM

Shares6.96M

TypeSH

Market value$7.04B

2.10%

Sole

6.27M

Shared

0.00

None

696.23K

ELI LILLY CO

DFND

COM

Shares5.06M

TypeSH

Market value$6.07B

1.81%

Sole

4.81M

Shared

0.00

None

248.91K

BROADCOM INC COM

DFND

COM

Shares15.13M

TypeSH

Market value$5.72B

1.70%

Sole

13.39M

Shared

0.00

None

1.74M

JPMORGAN CHASE CO

DFND

COM

Shares17.43M

TypeSH

Market value$5.70B

1.70%

Sole

15.36M

Shared

0.00

None

2.07M

MORGAN STANLEY

DFND

COM

Shares26.17M

TypeSH

Market value$5.47B

1.63%

Sole

23.24M

Shared

0.00

None

2.93M

CITIGROUP INC

DFND

COM

Shares36.46M

TypeSH

Market value$5.10B

1.52%

Sole

32.08M

Shared

0.00

None

4.37M

MERCK CO INC

DFND

COM

Shares38.52M

TypeSH

Market value$4.95B

1.47%

Sole

34.56M

Shared

0.00

None

3.96M

WALMART INC

DFND

COM

Shares41.49M

TypeSH

Market value$4.70B

1.40%

Sole

38M

Shared

0.00

None

3.50M

RTX CORPORATION COM

DFND

COM

Shares22.87M

TypeSH

Market value$4.34B

1.29%

Sole

20.98M

Shared

0.00

None

1.89M

GE AEROSPACE COM NEW

DFND

COM

Shares11.59M

TypeSH

Market value$4.33B

1.29%

Sole

10.44M

Shared

0.00

None

1.14M

EXXON MOBIL CORP

DFND

COM

Shares31.47M

TypeSH

Market value$4.30B

1.28%

Sole

28.05M

Shared

0.00

None

3.42M

FREEPORT MCMORAN INC

DFND

COM

Shares66.92M

TypeSH

Market value$4.21B

1.25%

Sole

60.27M

Shared

0.00

None

6.66M

GE VERNOVA INC COM

DFND

COM

Shares3.56M

TypeSH

Market value$4.18B

1.25%

Sole

3.53M

Shared

0.00

None

28K

CISCO SYS INC

DFND

COM

Shares33.41M

TypeSH

Market value$3.92B

1.17%

Sole

30.55M

Shared

0.00

None

2.87M

META PLATFORMS INC CL A

DFND

COM

Shares6.79M

TypeSH

Market value$3.83B

1.14%

Sole

6.15M

Shared

0.00

None

643K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
NVIDIA CORP COMDFND	COM	90.94M	SH	$18.20B 5.42%	81.66M	9.28M
APPLE INCDFND	COM	57.61M	SH	$16.67B 4.96%	52.01M	5.60M
ISHARES TR 7 10YR TR BD ETFDFND	COM	160.96M	SH	$15.22B 4.53%	159.92M	1.04M
ALPHABET INC CLASS ADFND	COM	39.99M	SH	$14.29B 4.26%	36.29M	3.70M
CATERPILLAR INCDFND	COM	9.94M	SH	$10.59B 3.15%	9.45M	493K
MICROSOFT CORPDFND	COM	26.61M	SH	$9.93B 2.96%	23.87M	2.74M
ASML HLDG NV NYSDFND	COM	4.74M	SH	$9.43B 2.81%	4.28M	453.32K
TAIWAN SEMICONDUCTOR MANUF ADRDFND	COM	18.87M	SH	$9.01B 2.68%	12.63M	6.24M
AMAZON COM INC COMDFND	COM	34.98M	SH	$8.34B 2.48%	31.63M	3.34M
VANGUARD FDS INT TERM CORPDFND	COM	95.70M	SH	$7.91B 2.36%	95.06M	640.23K
GOLDMAN SACHS GROUP INCDFND	COM	6.96M	SH	$7.04B 2.10%	6.27M	696.23K
ELI LILLY CODFND	COM	5.06M	SH	$6.07B 1.81%	4.81M	248.91K
BROADCOM INC COMDFND	COM	15.13M	SH	$5.72B 1.70%	13.39M	1.74M
JPMORGAN CHASE CODFND	COM	17.43M	SH	$5.70B 1.70%	15.36M	2.07M
MORGAN STANLEYDFND	COM	26.17M	SH	$5.47B 1.63%	23.24M	2.93M
CITIGROUP INCDFND	COM	36.46M	SH	$5.10B 1.52%	32.08M	4.37M
MERCK CO INCDFND	COM	38.52M	SH	$4.95B 1.47%	34.56M	3.96M
WALMART INCDFND	COM	41.49M	SH	$4.70B 1.40%	38M	3.50M
RTX CORPORATION COMDFND	COM	22.87M	SH	$4.34B 1.29%	20.98M	1.89M
GE AEROSPACE COM NEWDFND	COM	11.59M	SH	$4.33B 1.29%	10.44M	1.14M
EXXON MOBIL CORPDFND	COM	31.47M	SH	$4.30B 1.28%	28.05M	3.42M
FREEPORT MCMORAN INCDFND	COM	66.92M	SH	$4.21B 1.25%	60.27M	6.66M
GE VERNOVA INC COMDFND	COM	3.56M	SH	$4.18B 1.25%	3.53M	28K
CISCO SYS INCDFND	COM	33.41M	SH	$3.92B 1.17%	30.55M	2.87M
META PLATFORMS INC CL ADFND	COM	6.79M	SH	$3.83B 1.14%	6.15M	643K

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