Fund HoldingsFisher Asset Management, LLC

Total Portfolio Value
$251.89B
Total Bought
$19.28B
Total Sold
$22.62B
Net Transaction
-$3.34B
Filing Period:
Securities
SharesValue ($K)
Q1 2025
Q2 2025
Change
Q1 2025
Q2 2025
Weight (%)
Change
NVIDIA CORP COM(NVDA)082,511,422+82,511,422013,035,9805.18%+13,035,980
MICROSOFT CORP(MSFT)024,297,369+24,297,369012,085,7554.80%+12,085,755
BROADCOM INC COM(AVGO)012,374,445+12,374,44503,411,0161.35%+3,411,016
GOLDMAN SACHS GROUP INC(GS)06,539,746+6,539,74604,628,5071.84%+4,628,507
TAIWAN SEMICONDUCTOR MFG L ADR(TSM)017,664,956+17,664,95604,000,9361.59%+4,000,936
META PLATFORMS INC CL A(META)06,356,667+6,356,66704,691,7931.86%+4,691,793
AMAZON COM INC COM(AMZN)032,482,019+32,482,01907,126,2302.83%+7,126,230
SAP SE ADR(SAP)12,993,70514,157,321+1,163,6163,488,0314,305,2421.71%+817,211
SPOTIFY TECHNOLOGY S A(SPOT)2,028,8982,489,013+460,1151,115,9551,909,9200.76%+793,964
NETFLIX INC COM(NFLX)02,019,418+2,019,41802,704,2651.07%+2,704,265
ASML HOLDING N V NYS
N Y REGISTRY SHS
3,993,3204,244,254+250,9342,646,0953,401,3041.35%+755,209
ALPHABET INC CLASS A(GOOG)036,685,062+36,685,06206,465,0092.57%+6,465,009
ROYAL BK CDA(RY)05,723,581+5,723,5810752,9370.30%+752,937
MORGAN STANLEY(MS)024,045,186+24,045,18603,387,0051.34%+3,387,005
CATERPILLAR INC(CAT)09,418,321+9,418,32103,656,2861.45%+3,656,286
CITIGROUP INC(C)31,173,30532,161,457+988,1522,212,9932,737,5831.09%+524,590
VANGUARD FDS INT-TERM CORP
INT-TERM CORP
97,403,605102,253,864+4,850,2597,963,7198,478,8913.37%+515,172
SONY GROUP CORP ADR(SONY)85,597,524101,878,066+16,280,5422,173,3212,651,8861.05%+478,565
JOHNSON CTLS INTL PLC SHS
SHS
16,174,54616,604,983+430,4371,295,7431,753,8180.70%+458,076
UBS GROUP AG(UBS)49,975,87058,424,089+8,448,2191,530,7611,975,9030.78%+445,142
BARCLAYS PLC ADR73,369,89383,062,892+9,692,9991,126,9621,544,1390.61%+417,178
FREEPORT-MCMORAN INC(FCX)60,432,22262,358,715+1,926,4932,287,9642,703,2501.07%+415,286
BANK AMERICA CORP051,405,673+51,405,67302,432,5160.97%+2,432,516
RTX CORPORATION COM(RTX)19,761,92220,599,190+837,2682,617,6643,007,8941.19%+390,230
WALMART INC(WMT)039,664,412+39,664,41203,878,3861.54%+3,878,386
AMERICAN EXPRESS CO(AXP)08,734,960+8,734,96002,786,2781.11%+2,786,278
SERVICENOW INC(NOW)01,636,288+1,636,28801,682,2360.67%+1,682,236
CANADIAN PACIFIC KANSAS CITY C(CP)05,431,316+5,431,3160430,5400.17%+430,540
DEUTSCHE BANK A G GRS
NAMEN AKT
18,865,65125,471,401+6,605,750449,568745,8030.30%+296,234
EMERSON ELEC CO(EMR)3,631,8485,193,448+1,561,600398,196692,4420.27%+294,247
SCHWAB CHARLES CORP COM(SCHW)21,165,16321,376,690+211,5271,656,8091,950,4090.77%+293,600
ISHARES TR 7 10YR TR BD ETF54,964,75057,650,891+2,686,1415,241,9885,521,2262.19%+279,238
ISHARES NATIONAL MUNI BOND ETF6,235,7968,914,935+2,679,139657,502931,4320.37%+273,930
BOEING CO(BA)05,327,443+5,327,44301,116,2590.44%+1,116,259
DEERE & CO(DE)2,343,8222,580,228+236,4061,100,0731,312,0200.52%+211,947
INTUIT(INTU)02,772,454+2,772,45402,183,6680.87%+2,183,668
TRANE TECHNOLOGIES PLC(TT)01,998,440+1,998,4400874,1380.35%+874,138
CANADIAN NATL RY CO(CNI)01,823,800+1,823,8000189,7480.08%+189,748
MITSUBISHI UFJ FINL GROUP ADR(MUFG)76,237,79189,513,174+13,275,3831,039,1211,228,1210.49%+189,000
BLACKROCK INC COM(BLK)01,966,303+1,966,30302,063,1450.82%+2,063,145
CARRIER GLOBAL CORPORATION(CARR)015,048,555+15,048,55501,101,4040.44%+1,101,404
CAPITAL ONE FINL CORP(COF)07,653,681+7,653,68101,628,3970.65%+1,628,397
UNILEVER PLC ADR(UL)19,589,01721,578,648+1,989,6311,166,5261,319,9660.52%+153,440
BOSTON SCIENTIFIC CORP(BSX)6,765,5507,705,384+939,834682,509827,6350.33%+145,127
HSBC HLDGS PLC SPON ADR NE ADR(HSBC)15,612,57417,043,371+1,430,797896,6301,036,0670.41%+139,436
INTUITIVE SURGICAL INC06,851,909+6,851,90902,306,8710.92%+2,306,871
NATWEST GROUP PLC ADR(NWG)33,175,54237,531,392+4,355,850395,452531,0690.21%+135,617
HDFC BANK LTD ADR(HDB)04,536,824+4,536,8240347,8380.14%+347,838
LLOYDS BANKING GROUP PLC ADR(LYG)132,122,777148,828,623+16,705,846504,709632,5220.25%+127,813
COSTCO WHSL CORP NEW(COST)3,131,2393,110,415-20,8242,961,4633,079,1261.22%+117,662
BANCO SANTANDER S.A. ADR(SAN)128,343,210117,592,077-10,751,133859,900976,0140.39%+116,115
VANGUARD FTSE DEVELOPED MKT8,211,9929,282,597+1,070,605417,416529,2010.21%+111,785
ITAU UNIBANCO HLDG SA SPON ADR(ITUB)55,668,87561,497,171+5,828,296306,179417,5660.17%+111,387
NOVARTIS A G SPONSORED ADR ADR(NVS)6,763,1327,121,414+358,282753,954861,7620.34%+107,808
BANCO BRADESCO SA SP ADR74,416,42088,098,675+13,682,255165,949272,2250.11%+106,276
ANHEUSER BUSCH INBEV SA/NV ADR(BUD)10,209,31210,663,933+454,621628,485732,8260.29%+104,340
SUNCOR ENERGY INC NEW(SU)5,594,8628,372,012+2,777,150216,633313,5320.12%+96,899
HOME DEPOT INC(HD)09,933,082+9,933,08203,641,8651.45%+3,641,865
CANADIAN NAT RES LTD(CNQ)45,887,87147,939,585+2,051,7141,413,3461,505,3030.60%+91,957
CUMMINS INC(CMI)03,275,045+3,275,04501,072,5780.43%+1,072,578
CANADIAN IMPERIAL BK COMM(CM)01,251,017+1,251,017088,6100.04%+88,610
INVESCO QQQ TRUST SERIES 101,448,522+1,448,5220799,0630.32%+799,063
ING GROEP N.V. ADR(ING)63,521,26360,893,207-2,628,0561,244,3821,331,7340.53%+87,353
ISHARES MSCI JAPAN ETF
MSCI JAPAN ETF
1,666,9302,677,275+1,010,345114,285200,7150.08%+86,431
CSX CORP(CSX)025,272,260+25,272,2600824,6340.33%+824,634
VANGUARD S&P 500 ETF01,521,821+1,521,8210864,4400.34%+864,440
ISHARES GLOBAL CONS STAPLES3,427,5894,505,566+1,077,977219,537294,5740.12%+75,037
VISA INC(V)07,260,321+7,260,32102,577,7771.02%+2,577,777
ROCKWELL AUTOMATION INC(ROK)0792,503+792,5030263,2460.10%+263,246
ISHARES MSCI SWITZERLAND ETF01,278,219+1,278,219070,0590.03%+70,059
SPDR INDUSTRIALS SELECT SECTOR
ST STR INDL ETF
2,764,1952,918,202+154,007362,303430,4930.17%+68,190
ABBOTT LABS11,653,21311,862,823+209,6101,545,7991,613,4630.64%+67,664
NU HLDGS LTD(NU)010,383,266+10,383,2660142,4580.06%+142,458
MASTERCARD INCORPORATED(MA)4,241,7144,249,922+8,2082,324,9692,388,2020.95%+63,233
OREILLY AUTOMOTIVE INC(ORLY)0673,834+673,834060,7330.02%+60,733
PARKER-HANNIFIN CORP(PH)0497,027+497,0270347,1590.14%+347,159
BOOKING HLDGS INC COM(BKNG)023,647+23,6470136,9000.05%+136,900
TJX COS INC NEW(TJX)0479,524+479,524059,2160.02%+59,216
AEROVIRONMENT INC0297,161+297,161084,6760.03%+84,676
HUNTINGTON BANCSHARES INC(HBAN)03,351,087+3,351,087056,1640.02%+56,164
VANGUARD FTSE EUROPE ETF4,898,7275,084,722+185,995343,940394,0660.16%+50,126
ISHARES GLOBAL TECH ETF02,959,499+2,959,4990273,2800.11%+273,280
SPDR BLOOMBERG BRCLYS LG TRS E
ST LON TREAS ETF
54,719,17457,950,223+3,231,0491,491,6451,540,3170.61%+48,672
FLOWSERVE CORP(FLS)01,858,621+1,858,621097,2990.04%+97,299
VALE S A ADR16,471,05921,705,260+5,234,201164,381210,7580.08%+46,377
RALPH LAUREN CORP(RL)123,587267,742+144,15527,28173,4360.03%+46,156
LIFE TIME GROUP HOLDINGS INC(LTH)01,433,345+1,433,345043,4730.02%+43,473
TAPESTRY INC(TPR)0499,988+499,988043,9040.02%+43,904
BANCO BILBAO VIZCAYA ARGEN ADR(BBVA)43,601,72741,422,112-2,179,615593,856636,6580.25%+42,802
ADTALEM GLOBAL ED INC(CVSA)0335,605+335,605042,6990.02%+42,699
MERCADOLIBRE INC COM(MELI)077,322+77,3220202,0920.08%+202,092
GSK PLC SPONSORED ADR ADR(GSK)30,031,81531,338,405+1,306,5901,163,4331,203,3950.48%+39,962
SHAKE SHACK INC(SHAK)0514,770+514,770072,3770.03%+72,377
NORFOLK SOUTHN CORP(NSC)01,054,580+1,054,5800269,9410.11%+269,941
ACUITY INC(AYI)273,503365,966+92,46372,027109,1830.04%+37,155
JEFFERIES FINL GROUP INC(JEF)1,434,0782,082,840+648,76276,824113,9110.05%+37,087
LUMENTUM HLDGS INC(LITE)0820,230+820,230077,9710.03%+77,971
MYR GROUP INC DEL(MYRG)396,051446,199+50,14844,79080,9630.03%+36,173
ARAMARK HLDGS CORP(ARMK)0846,269+846,269035,4330.01%+35,433
XP INC(XP)04,513,977+4,513,977091,1820.04%+91,182
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