Fisher Asset Management, LLC Q4 2025 Filing

Filed February 9, 2026

Portfolio Value

$293.0T

Holdings

1,017

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (1,017 positions)

#StockSharesValue% PortfolioType
1
NVDANVIDIA CORP COM
86,057,537$16.0T5.48%
2
AAPLAPPLE INC
55,146,752$15.0T5.12%
3
IEFISHARES TR 7 10YR TR BD ETF
134,832,971$13.0T4.43%
4
MSFTMICROSOFT CORP
25,300,410$12.2T4.18%
5
GOOGLALPHABET INC CLASS A
38,106,033$11.9T4.07%
6
AMZNAMAZON COM INC COM
33,593,612$7.8T2.65%
7
VCITVANGUARD FDS INT TERM CORP
83,976,379$7.0T2.40%
8
GSGOLDMAN SACHS GROUP INC
6,771,556$6.0T2.03%
9
TSMTAIWAN SEMICONDUCTOR MFG L ADR
18,146,900$5.5T1.88%
10
CATCATERPILLAR INC
9,493,266$5.4T1.86%
11
JPMJPMORGAN CHASE CO
16,018,656$5.2T1.76%
12
LLYELI LILLY CO
4,606,327$5.0T1.69%
13
ASMLASML HOLDING N V NYS
4,484,949$4.8T1.64%
14
AVGOBROADCOM INC COM
13,844,206$4.8T1.64%
15
WMTWALMART INC
40,626,852$4.5T1.54%
16
DWDMORGAN STANLEY
25,018,335$4.4T1.52%
17
METAMETA PLATFORMS INC CL A
6,609,892$4.4T1.49%
18
RTXRTX CORPORATION COM
21,800,188$4.0T1.36%
19
TRVCCITIGROUP INC
33,887,285$4.0T1.35%
20
XOMEXXON MOBIL CORP
31,497,852$3.8T1.29%
21
SAPSAP SE ADR
14,728,881$3.6T1.22%
22
HDHOME DEPOT INC
10,154,469$3.5T1.19%
23
AXPAMERICAN EXPRESS CO
9,023,482$3.3T1.14%
24
CVXCHEVRON CORP NEW
21,471,919$3.3T1.12%
25
FCXFREEPORT MCMORAN INC
63,880,757$3.2T1.11%
26
UBSUBS GROUP AG
64,107,264$3.0T1.01%
27
BACBANK AMERICA CORP
53,783,821$3.0T1.01%
28
SONYSONY GROUP CORP ADR
108,981,588$2.8T0.95%
29
COSTCOSTCO WHSL CORP NEW
3,176,286$2.7T0.93%
30
VVISA INC
7,485,132$2.6T0.90%
31
MRKMERCK CO INC
24,873,327$2.6T0.89%
32
MAMASTERCARD INCORPORATED
4,355,805$2.5T0.85%
33
BPBP PLC SPONSORED ADR ADR
66,431,924$2.3T0.79%
34
BCSBARCLAYS PLC ADR
89,750,069$2.3T0.78%
35
SCHWSCHWAB CHARLES CORP COM
21,818,514$2.2T0.74%
36
ISRGINTUITIVE SURGICAL INC
3,784,970$2.1T0.73%
37
JCIJOHNSON CTLS INTL PLC SHS
17,239,953$2.1T0.70%
38
SHELSHELL PLC ADR
27,142,785$2.0T0.68%
39
AZNASTRAZENECA PLC ADR
21,601,433$2.0T0.68%
40
BLKBLACKROCK INC COM
1,824,359$2.0T0.67%
41
NFLXNETFLIX INC COM
20,490,399$1.9T0.66%
42
JNJJOHNSON JOHNSON
8,866,207$1.8T0.63%
43
ORCLORACLE CORP
9,314,177$1.8T0.62%
44
UNHUNITEDHEALTH GROUP INC
5,293,622$1.7T0.60%
45
CMICUMMINS INC
3,410,723$1.7T0.59%
46
COFCAPITAL ONE FINL CORP
6,937,362$1.7T0.57%
47
GSKGSK PLC SPONSORED ADR ADR
33,195,985$1.6T0.56%
48
TMOTHERMO FISHER SCIENTIFIC INC
2,792,421$1.6T0.55%
49
RIORIO TINTO PLC ADR
19,642,744$1.6T0.54%
50
PGPROCTER AND GAMBLE CO
10,908,367$1.6T0.53%
51
SPOTSPOTIFY TECHNOLOGY S A
2,665,512$1.5T0.53%
52
INTUINTUIT
2,284,310$1.5T0.52%
53
TMTOYOTA MOTOR CORP ADR
6,995,672$1.5T0.51%
54
INGING GROEP NV ADR
53,221,109$1.5T0.51%
55
UNPUNION PAC CORP
6,430,808$1.5T0.51%
56
MUFGMITSUBISHI UFJ FINL GROUP ADR
93,276,119$1.5T0.50%
57
CRCCANADIAN NAT RES LTD
42,745,981$1.4T0.49%
58
ABTABBOTT LABS
11,440,255$1.4T0.49%
59
BHPBHP GROUP LTD SPONSORED AD ADR
23,402,474$1.4T0.48%
60
HBC2HSBC HLDGS PLC SPON ADR NE ADR
17,800,748$1.4T0.48%
61
COPCONOCOPHILLIPS
14,847,367$1.4T0.47%
62
ADBEADOBE INC
3,961,853$1.4T0.47%
63
EUFNISHARES MSCI EUROPE FN ETF
37,017,326$1.4T0.47%
64
ULUNILEVER PLC
20,658,738$1.4T0.46%
65
DEDEERE CO
2,853,156$1.3T0.45%
66
PFEPFIZER INC
51,952,106$1.3T0.44%
67
NOWSERVICENOW INC
8,351,824$1.3T0.44%
68
TTETOTALENERGIES SE ACT
19,324,336$1.3T0.43%
69
BABOEING CO
5,640,900$1.2T0.42%
70
PEPPEPSICO INC COM
8,295,329$1.2T0.41%
71
MUBISHARES NATIONAL MUNI BOND ETF
10,713,817$1.1T0.39%
72
SANBANCO SANTANDER SA ADR
96,865,591$1.1T0.39%
73
CRMSALESFORCE INC
4,278,477$1.1T0.39%
74
SYKSTRYKER CORPORATION
3,117,283$1.1T0.37%
75
RYROYAL BK CDA
6,373,400$1.1T0.37%
76
DBDEUTSCHE BANK A G GRS
27,398,661$1.1T0.36%
77
NVSNNOVARTIS A G SPONSORED ADR ADR
7,465,850$1.0T0.35%
78
DHRDANAHER CORP DEL COM
4,446,976$1.0T0.35%
79
SBUXSTARBUCKS CORP
12,028,803$1.0T0.35%
80
VOOVANGUARD SP 500 ETF
1,551,244$972.0B0.33%
81
CSXCSX CORP
26,515,831$961.0B0.33%
82
EMREMERSON ELEC CO
7,191,118$954.0B0.33%
83
ITWILLINOIS TOOL WKS INC
3,705,081$912.0B0.31%
84
BSXBOSTON SCIENTIFIC CORP
9,138,216$871.0B0.30%
85
NDQINVESCO QQQ TRUST SERIES 1
1,352,626$830.0B0.28%
86
LYGLLOYDS BANKING GROUP PLC ADR
151,258,982$801.0B0.27%
87
BBVABANCO BILBAO VIZCAYA ARGEN ADR
33,954,738$791.0B0.27%
88
BABAALIBABA GROUP HLDG LTD ADR
5,335,894$782.0B0.27%
89
IXJISHARES GLOBAL HEALTH CARE ETF
8,032,598$782.0B0.27%
90
CARRCARRIER GLOBAL CORPORATION
14,795,099$781.0B0.27%
91
TTTRANE TECHNOLOGIES PLC
1,960,522$763.0B0.26%
92
SUSUNCOR ENERGY INC NEW
16,820,924$746.0B0.25%
93
BUDANHEUSER BUSCH INBEV SA/NV ADR
11,380,404$728.0B0.25%
94
NWGNATWEST GROUP PLC ADR
40,912,201$715.0B0.24%
95
IXCISHARES GLOBAL ENERGY ETF
14,729,493$617.0B0.21%
96
VEAVANGUARD FTSE DEVELOPED MKT
9,468,021$591.0B0.20%
97
SNYSANOFI SA ADR
12,140,615$588.0B0.20%
98
PCARPACCAR INC
5,073,161$555.0B0.19%
99
IRINGERSOLL RAND INC
6,927,262$548.0B0.19%
100
GOOGALPHABET INC CLASS C
1,720,004$539.0B0.18%
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