Fisher Asset Management, LLC Q3 2025 Filing

Filed November 12, 2025

Portfolio Value

$276.3T

Holdings

1,014

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (1,014 positions)

#StockSharesValue% PortfolioType
1
NVDANVIDIA CORP COM
84,563,575$15.8T5.71%
2
AAPLAPPLE INC
54,442,459$13.9T5.02%
3
MSFTMICROSOFT CORP
24,842,396$12.9T4.66%
4
GOOGLALPHABET INC CLASS A
37,522,955$9.1T3.30%
5
IEFISHARES TR 7 10YR TR BD ETF
87,662,438$8.5T3.06%
6
AMZNAMAZON COM INC COM
33,103,688$7.3T2.63%
7
VCITVANGUARD FDS INTTERM CORP
80,637,353$6.8T2.45%
8
GSGOLDMAN SACHS GROUP INC
6,661,422$5.3T1.92%
9
TSMTAIWAN SEMICONDUCTOR MFG L ADR
17,833,127$5.0T1.80%
10
JPMJPMORGAN CHASE AND CO
15,722,443$5.0T1.79%
11
METAMETA PLATFORMS INC CL A
6,496,418$4.8T1.73%
12
CATCATERPILLAR INC
9,439,197$4.5T1.63%
13
ASMLASML HOLDING N V NYS
4,352,596$4.2T1.53%
14
AVGOBROADCOM INC COM
12,611,740$4.2T1.51%
15
WMTWALMART INC
40,298,623$4.2T1.50%
16
HDHOME DEPOT INC
10,130,293$4.1T1.49%
17
DWDMORGAN STANLEY
24,494,146$3.9T1.41%
18
SAPSAP SE ADR
14,549,331$3.9T1.41%
19
RTXRTX CORPORATION COM
21,174,194$3.5T1.28%
20
XOMEXXON MOBIL CORP
31,194,493$3.5T1.27%
21
LLYELI LILLY AND CO
4,453,062$3.4T1.23%
22
TRVCCITIGROUP INC
33,040,513$3.4T1.21%
23
CVXCHEVRON CORP NEW
21,152,060$3.3T1.19%
24
SONYSONY GROUP CORP ADR
104,644,526$3.1T1.13%
25
AXPAMERICAN EXPRESS CO
8,881,546$3.0T1.07%
26
COSTCOSTCO WHSL CORP NEW
3,145,241$2.9T1.05%
27
BACBANK AMERICA CORP
52,677,988$2.7T0.98%
28
ORCLORACLE CORP
9,045,019$2.5T0.92%
29
VVISA INC
7,359,223$2.5T0.91%
30
UBSUBS GROUP AG
61,168,437$2.5T0.91%
31
FCXFREEPORTMCMORAN INC
63,258,414$2.5T0.90%
32
MAMASTERCARD INCORPORATED
4,308,400$2.5T0.89%
33
NFLXNETFLIX INC COM
2,033,875$2.4T0.88%
34
BPBP PLC SPONSORED ADR ADR
65,483,232$2.3T0.82%
35
BLKBLACKROCK INC COM
1,902,167$2.2T0.80%
36
MBBISHARES TR MBS ETF
22,503,900$2.1T0.78%
37
SCHWSCHWAB CHARLES CORP COM
21,646,588$2.1T0.75%
38
MRKMERCK AND CO INC
24,068,126$2.0T0.73%
39
SHELSHELL PLC ADR
26,809,946$1.9T0.69%
40
JCIJOHNSON CTLS INTL PLC SHS
16,959,249$1.9T0.67%
41
SPOTSPOTIFY TECHNOLOGY S A
2,602,625$1.8T0.66%
42
UNHUNITEDHEALTH GROUP INC
5,252,449$1.8T0.66%
43
BCSBARCLAYS PLC ADR
86,027,312$1.8T0.64%
44
ISRGINTUITIVE SURGICAL INC
3,889,439$1.7T0.63%
45
INTUINTUIT
2,526,907$1.7T0.62%
46
PGPROCTER AND GAMBLE CO
11,008,454$1.7T0.61%
47
SPTLSPDR BLOOMBERG BRCLYS LG TRS E
60,589,322$1.6T0.59%
48
AZNASTRAZENECA PLC ADR
21,162,724$1.6T0.59%
49
ABTABBOTT LABS
12,032,884$1.6T0.58%
50
JNJJOHNSON AND JOHNSON
8,446,408$1.6T0.57%
51
COFCAPITAL ONE FINL CORP
7,296,227$1.6T0.56%
52
NOWSERVICENOW INC
1,656,022$1.5T0.55%
53
UNPUNION PAC CORP
6,428,229$1.5T0.55%
54
ADBEADOBE INC
4,234,478$1.5T0.54%
55
INGING GROEP NV ADR
57,140,954$1.5T0.54%
56
MUFGMITSUBISHI UFJ FINL GROUP ADR
91,486,499$1.5T0.53%
57
CMICUMMINS INC
3,367,001$1.4T0.51%
58
GSKGSK PLC SPONSORED ADR ADR
32,227,615$1.4T0.50%
59
COPCONOCOPHILLIPS
14,653,966$1.4T0.50%
60
ULUNILEVER PLC ADR
22,537,917$1.3T0.48%
61
CRCCANADIAN NAT RES LTD
41,403,027$1.3T0.48%
62
TMTOYOTA MOTOR CORP ADR
6,909,198$1.3T0.48%
63
TMOTHERMO FISHER SCIENTIFIC INC
2,721,101$1.3T0.48%
64
BHPBHP GROUP LTD SPONSORED AD ADR
23,149,649$1.3T0.47%
65
RIORIO TINTO PLC ADR
19,120,168$1.3T0.46%
66
PFEPFIZER INC
49,288,054$1.3T0.45%
67
DEDEERE AND CO
2,722,018$1.2T0.45%
68
HBC2HSBC HLDGS PLC SPON ADR NE ADR
17,398,460$1.2T0.45%
69
EUFNISHARES MSCI EUROPE FN ETF
35,932,610$1.2T0.45%
70
SYKSTRYKER CORPORATION
3,310,122$1.2T0.44%
71
TTENTOTALENERGIES SE ADR ADR
19,963,832$1.2T0.43%
72
BABOEING CO
5,505,040$1.2T0.43%
73
PEPPEPSICO INC COM
8,112,038$1.1T0.41%
74
SANBANCO SANTANDER SA ADR
107,629,107$1.1T0.41%
75
MUBISHARES NATIONAL MUNI BOND ETF
9,725,773$1.0T0.37%
76
CRMSALESFORCE INC
4,328,230$1.0T0.37%
77
SBUXSTARBUCKS CORP
12,025,740$1.0T0.37%
78
ITWILLINOIS TOOL WKS INC
3,650,562$951.9B0.34%
79
BABAALIBABA GROUP HLDG LTD ADR
5,293,597$946.1B0.34%
80
VOOVANGUARD S AND P 500 ETF
1,543,178$945.0B0.34%
81
DBDEUTSCHE BANK A G GRS
26,432,006$936.0B0.34%
82
NVSNNOVARTIS A G SPONSORED ADR ADR
7,239,366$928.4B0.34%
83
CSXCSX CORP
25,855,674$918.1B0.33%
84
CARRCARRIER GLOBAL CORPORATION
15,139,140$903.8B0.33%
85
RYROYAL BK CDA
6,004,866$884.6B0.32%
86
DHRDANAHER CORP DEL COM
4,369,219$866.2B0.31%
87
NDQINVESCO QQQ TRUST SERIES 1
1,396,483$838.4B0.30%
88
TTTRANE TECHNOLOGIES PLC
1,983,671$837.0B0.30%
89
BSXBOSTON SCIENTIFIC CORP
8,461,025$826.0B0.30%
90
EMREMERSON ELEC CO
6,262,570$821.5B0.30%
91
BBVABANCO BILBAO VIZCAYA ARGEN ADR
38,310,215$737.5B0.27%
92
LYGLLOYDS BANKING GROUP PLC ADR
149,958,264$680.8B0.25%
93
IXJISHARES GLOBAL HEALTH CARE ETF
7,439,921$659.3B0.24%
94
BUDANHEUSER BUSCH INBEV SANV ADR
11,011,683$656.4B0.24%
95
SUSUNCOR ENERGY INC NEW
15,530,965$649.3B0.24%
96
SNYSANOFI SA ADR
12,578,746$593.7B0.21%
97
IRINGERSOLL RAND INC
6,942,711$573.6B0.21%
98
NVONOVONORDISK A S ADR
10,322,903$572.8B0.21%
99
IXCISHARES GLOBAL ENERGY ETF
13,602,292$567.9B0.21%
100
VEAVANGUARD FTSE DEVELOPED MKT
9,430,708$565.1B0.20%
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