Fisher Asset Management, LLC

Q3 2025 13F-HR Holdings

Location
Plano, TX
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
1,014
Total value ($000)
$276,288,375
Net value change ($000)
+24,399,001 (9.7%)
New positions
110
Sold out positions
82
Turnover %
0.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/9/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
IEF 2,934,693 53.2%
AAPL 2,874,601 26.2%
NVDA 2,741,892 21.0%
GOOGL 2,656,822 41.1%
TSM 979,678 24.5%
CAT 847,627 23.2%
ASML 812,401 23.9%
MSFT 781,365 6.5%
AVGO 749,724 22.0%
GS 676,317 14.6%
Top Reduces (Value $000, Stocks/ETFs)
VCIT -1,696,483 -20.0%
INTU -458,017 -21.0%
SAP -417,515 -9.7%
ISRG -351,968 -16.8%
ADBE -273,485 -15.5%
NFLX -265,810 -9.8%
FCX -222,255 -8.2%
CARR -197,597 -17.9%
NVO -186,465 -24.6%
CNQ -182,062 -12.1%
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