Fisher Asset Management, LLC

Q2 2025 13F-HR Holdings

Location
Camas, WA
Holdings as of
6/30/2025
Date filed
8/13/2025
Form type
13F-HR
Num holdings
986
Total value ($000)
$251,889,374
Net value change ($000)
+20,891,893 (9.0%)
New positions
94
Sold out positions
107
Turnover %
0.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 5/14/2025 Next filing: 11/12/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
NVDA 3,201,458 32.6%
MSFT 2,626,813 27.8%
AVGO 1,332,782 64.1%
GS 1,180,247 34.2%
TSM 1,012,049 33.9%
META 973,782 26.2%
AMZN 927,768 15.0%
SAP 817,211 23.4%
SPOT 793,965 71.1%
NFLX 781,191 40.6%
Top Reduces (Value $000, Stocks/ETFs)
LLY -1,137,766 -25.3%
UNH -1,123,545 -40.9%
CRM -1,008,170 -46.7%
AAPL -848,954 -7.2%
EW -707,337 -96.6%
ORCL -517,792 -21.0%
CVX -438,534 -12.8%
XOM -291,269 -8.1%
TMO -260,585 -19.3%
MRK -214,171 -9.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type