Fisher Asset Management, LLC

Q4 2025 13F-HR Holdings

Location
Plano, TX
Holdings as of
12/31/2025
Date filed
2/9/2026
Form type
13F-HR
Num holdings
1,017
Total value ($000)
$292,994,292
Net value change ($000)
+16,705,917 (6.0%)
New positions
116
Sold out positions
113
Turnover %
2.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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 4,509,620 53.3%
GOOGL 2,805,358 30.8%
LLY 1,552,640 45.7%
UL 1,351,081 NEW
TOTALENERGIES SE 1,264,198 NEW
AAPL 1,129,513 8.1%
CAT 934,495 20.7%
FCX 763,509 30.8%
GS 647,375 12.2%
AVGO 630,740 15.2%
Top Reduces (Value $000, Stocks/ETFs)
MBB -2,040,707 -95.3%
SPTL -1,603,464 -98.2%
Unilever PLC -1,336,048 -100.0%
TTE -1,191,641 -100.0%
ORCL -728,395 -28.6%
MSFT -631,335 -4.9%
HD -610,541 -14.9%
NFLX -517,275 -21.2%
META -407,716 -8.5%
SONY -338,995 -10.8%
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