Fund Holdings

Fisher Asset Management, LLC

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
ISHARES TR 7 10YR TR BD ETF57,650,89187,662,438+30,011,5475,521,225,8428,455,918,8313.06%+2,934,692,989
APPLE INC(AAPL)53,555,98654,442,459+886,47310,988,081,82313,862,683,4815.02%+2,874,601,658
NVIDIA CORP COM(NVDA)82,511,42284,563,575+2,052,15313,035,979,65515,777,871,9865.71%+2,741,892,331
ALPHABET INC CLASS A(GOOG)36,685,06237,522,955+837,8936,465,008,6769,121,830,5453.30%+2,656,821,869
TAIWAN SEMICONDUCTOR MFG L ADR(TSM)17,664,95617,833,127+168,1714,000,936,2964,980,614,3441.80%+979,678,048
CATERPILLAR INC(CAT)9,418,3219,439,197+20,8763,656,286,4684,503,913,3481.63%+847,626,880
ASML HOLDING N V NYS4,244,2544,352,596+108,3423,401,303,8054,213,705,2071.53%+812,401,402
MICROSOFT CORP(MSFT)24,297,36924,842,396+545,02712,085,754,71312,867,119,7524.66%+781,365,039
BROADCOM INC COM(AVGO)12,374,44512,611,740+237,2953,411,015,8354,160,739,6821.51%+749,723,847
GOLDMAN SACHS GROUP INC(GS)6,539,7466,661,422+121,6764,628,506,6205,304,824,3961.92%+676,317,776
CITIGROUP INC(C)32,161,45733,040,513+879,0562,737,583,3063,353,612,1731.21%+616,028,867
ORACLE CORP(ORCL)8,887,7479,045,019+157,2721,943,128,2572,543,821,4100.92%+600,693,153
RTX CORPORATION COM(RTX)20,599,19021,174,194+575,0043,007,893,9343,543,078,0301.28%+535,184,096
UBS GROUP AG(UBS)58,424,08961,168,437+2,744,3481,975,902,7372,507,905,9470.91%+532,003,210
MORGAN STANLEY(MS)24,045,18624,494,146+448,9603,387,004,9563,893,589,6241.41%+506,584,668
JPMORGAN CHASE AND CO(JPM)15,375,41015,722,443+347,0334,457,485,4744,959,330,3351.79%+501,844,861
SONY GROUP CORP ADR(SONY)101,878,066104,644,526+2,766,4602,651,886,0813,128,923,8891.13%+477,037,808
HOME DEPOT INC(HD)9,933,08210,130,293+197,2113,641,865,3214,104,693,7201.49%+462,828,399
CUMMINS INC(CMI)3,275,0453,367,001+91,9561,072,577,5201,422,120,8240.51%+349,543,304
ALIBABA GROUP HLDG LTD ADR(BABA)5,267,4415,293,597+26,156597,380,511946,124,7050.34%+348,744,194
SUNCOR ENERGY INC NEW(SU)8,372,01215,530,965+7,158,953313,531,859649,349,6620.24%+335,817,803
BP PLC SPONSORED ADR ADR(BP)64,436,99665,483,232+1,046,2361,928,599,3202,256,552,2200.82%+327,952,900
CHEVRON CORP NEW(CVX)20,826,80521,152,060+325,2552,982,190,3573,284,703,6581.19%+302,513,301
JOHNSON AND JOHNSON(JNJ)8,272,4728,446,408+173,9361,263,620,3401,566,133,1220.57%+302,512,782
BANK AMERICA CORP51,405,67352,677,988+1,272,3152,432,516,4762,717,657,4440.98%+285,140,968
WALMART INC(WMT)39,664,41240,298,623+634,2113,878,386,2204,153,176,1531.50%+274,789,933
BARCLAYS PLC ADR83,062,89286,027,312+2,964,4201,544,139,1711,778,184,5580.64%+234,045,387
MITSUBISHI UFJ FINL GROUP ADR(MUFG)89,513,17491,486,499+1,973,3251,228,120,7501,458,294,8110.53%+230,174,061
THERMO FISHER SCIENTIFIC INC(TMO)2,689,8032,721,101+31,2981,090,607,8851,319,789,0280.48%+229,181,143
HSBC HLDGS PLC SPON ADR NE ADR(HSBC)17,043,37117,398,460+355,0891,036,066,5321,234,942,7860.45%+198,876,254
BHP GROUP LTD SPONSORED AD ADR22,842,25223,149,649+307,3971,098,483,9381,290,593,0080.47%+192,109,070
EXXON MOBIL CORP30,853,70831,194,493+340,7853,326,029,8623,517,179,0991.27%+191,149,237
DEUTSCHE BANK A G GRS25,471,40126,432,006+960,605745,802,643935,957,3410.34%+190,154,698
GSK PLC SPONSORED ADR ADR(GSK)31,338,40532,227,615+889,2101,203,394,7721,390,943,8860.50%+187,549,114
UNITEDHEALTH GROUP INC(UNH)5,213,4725,252,449+38,9771,626,447,0381,813,671,0390.66%+187,224,001
RIO TINTO PLC ADR(RIO)18,562,93419,120,168+557,2341,082,776,0451,262,122,3560.46%+179,346,311
ASTRAZENECA PLC ADR(AZN)20,695,97921,162,724+466,7451,446,235,1351,623,604,2080.59%+177,369,073
AMERICAN EXPRESS CO(AXP)8,734,9608,881,546+146,5862,786,277,9092,950,094,5771.07%+163,816,668
ING GROEP NV ADR(ING)60,893,20757,140,954-3,752,2531,331,734,4721,490,236,1220.54%+158,501,650
BLACKROCK INC COM(BLK)1,966,3031,902,167-64,1362,063,144,5382,217,681,4650.80%+154,536,927
BANCO SANTANDER SA ADR(SAN)117,592,077107,629,107-9,962,970976,014,2521,127,953,0570.41%+151,938,805
TOYOTA MOTOR CORP ADR(TM)6,827,6346,909,198+81,5641,176,128,4671,320,278,9430.48%+144,150,476
AMAZON COM INC COM(AMZN)32,482,01933,103,688+621,6697,126,230,2267,268,576,8822.63%+142,346,656
ISHARES TR MBS ETF21,297,62722,503,900+1,206,2731,999,634,3502,141,246,2380.78%+141,611,888
ROYAL BK CDA(RY)5,723,5816,004,866+281,285752,937,149884,636,9850.32%+131,699,836
EMERSON ELEC CO(EMR)5,193,4486,262,570+1,069,122692,442,452821,524,0240.30%+129,081,572
AUTODESK INC401,745758,902+357,157124,368,469241,080,4970.09%+116,712,028
SCHWAB CHARLES CORP COM(SCHW)21,376,69021,646,588+269,8981,950,409,3362,066,599,8660.75%+116,190,530
ISHARES MSCI EUROPE FN ETF35,345,10935,932,610+587,5011,117,965,8351,233,925,8680.45%+115,960,033
JOHNSON CTLS INTL PLC SHS16,604,98316,959,249+354,2661,753,818,4901,864,669,5770.67%+110,851,087
AMGEN INC(AMGN)409,821785,284+375,463114,426,123221,607,3690.08%+107,181,246
ALPHABET INC CLASS C(GOOG)1,750,7711,711,243-39,528310,569,322416,773,5800.15%+106,204,258
ISHARES NATIONAL MUNI BOND ETF8,914,9359,725,773+810,838931,432,4181,035,697,6170.37%+104,265,199
BANCO BILBAO VIZCAYA ARGEN ADR(BBVA)41,422,11238,310,215-3,111,897636,657,873737,471,6510.27%+100,813,778
CONOCOPHILLIPS(COP)14,393,87514,653,966+260,0911,291,706,4051,386,118,7520.50%+94,412,347
CSX CORP(CSX)25,272,26025,855,674+583,414824,633,871918,135,0020.33%+93,501,131
SPDR BLOOMBERG BRCLYS LG TRS E57,950,22360,589,322+2,639,0991,540,316,9551,632,882,2500.59%+92,565,295
PEPSICO INC COM(PEP)7,956,4028,112,038+155,6361,050,563,4601,139,254,8410.41%+88,691,381
PFIZER INC(PFE)48,390,26849,288,054+897,7861,172,980,1011,255,859,6570.45%+82,879,556
VANGUARD S AND P 500 ETF1,521,8211,543,178+21,357864,440,222945,011,8680.34%+80,571,646
META PLATFORMS INC CL A(META)6,356,6676,496,418+139,7514,691,793,0804,770,840,2411.73%+79,047,161
ISHARES GLOBAL ENERGY ETF12,533,97413,602,292+1,068,318492,459,890567,895,7350.21%+75,435,845
BOEING CO(BA)5,327,4435,505,040+177,5971,116,259,3481,188,152,9970.43%+71,893,649
NORFOLK SOUTHN CORP(NSC)1,054,5801,133,629+79,049269,940,982340,553,7200.12%+70,612,738
ISHARES TR GLOB INDSTRL ETF1,851,2092,175,019+323,810306,153,056375,734,5750.14%+69,581,519
NOVARTIS A G SPONSORED ADR ADR(NVS)7,121,4147,239,366+117,952861,762,333928,376,3190.34%+66,613,986
ISHARES GLOBAL HEALTH CARE ETF6,903,7947,439,921+536,127594,347,695659,325,8690.24%+64,978,174
PARKERHANNIFIN CORP(PH)497,027542,337+45,310347,158,610411,173,2690.15%+64,014,659
ILLINOIS TOOL WKS INC(ITW)3,595,1463,650,562+55,416888,900,037951,920,7470.34%+63,020,710
MASTERCARD INCORPORATED(MA)4,249,9224,308,400+58,4782,388,201,8992,450,661,2460.89%+62,459,347
SOUTHSTATE BK CORP0607,254+607,254060,039,2010.02%+60,039,201
SHELL PLC ADR(SHEL)26,392,84526,809,946+417,1011,858,320,2591,917,715,5080.69%+59,395,249
LUMENTUM HLDGS INC(LITE)820,230817,809-2,42177,971,126133,065,7570.05%+55,094,631
POWELL INDS INC(POWL)200,639300,496+99,85742,224,57391,594,1840.03%+49,369,611
LLOYDS BANKING GROUP PLC ADR(LYG)148,828,623149,958,264+1,129,641632,521,648680,810,5210.25%+48,288,873
SOUTHERN COPPER CORP COM(SCCO)2,559,6322,529,034-30,598258,958,032306,923,5790.11%+47,965,547
UNION PAC CORP(UNP)6,398,7156,428,229+29,5141,472,216,5181,519,440,6360.55%+47,224,118
CANADIAN IMPERIAL BANK OF COMM(CM)1,251,0171,686,816+435,79988,609,560134,759,7970.05%+46,150,237
ADTALEM GLOBAL ED INC(CVSA)335,605571,485+235,88042,699,02788,265,8560.03%+45,566,829
ELI LILLY AND CO(LLY)4,302,4674,453,062+150,5953,353,902,2203,397,687,5941.23%+43,785,374
ISHARES GLOBAL CONS STAPLES4,505,5665,238,785+733,219294,573,966337,220,6490.12%+42,646,683
INVESCO LTD SHS(IVZ)4,938,8465,197,841+258,99577,885,611119,238,4870.04%+41,352,876
TRIP COM GROUP LTD ADR(TCOM)2,530,5632,511,656-18,907148,392,212188,876,5290.07%+40,484,317
ACUSHNET HOLDINGS CORP COM208,357704,151+495,79415,172,55655,268,8110.02%+40,096,255
MERCK AND CO INC(MRK)25,013,69724,068,126-945,5711,980,084,3392,020,037,8620.73%+39,953,523
INVESCO QQQ TRUST SERIES 11,448,5221,396,483-52,039799,063,197838,406,5810.30%+39,343,384
ISHARES GLOBAL TECH ETF2,959,4992,995,668+36,169273,280,218309,183,0170.11%+35,902,799
VANGUARD FTSE DEVELOPED MKT9,282,5979,430,708+148,111529,200,875565,088,0660.20%+35,887,191
SPDR INDUSTRIALS SELECT SECTOR2,918,2023,017,301+99,099430,493,232465,358,3700.17%+34,865,138
ITAU UNIBANCO HLDG SA SPON ADR(ITUB)61,497,17161,422,083-75,088417,565,789450,838,0870.16%+33,272,298
MEDPACE HLDGS INC COM(MEDP)125,347137,746+12,39939,341,44970,823,5490.03%+31,482,100
RALPH LAUREN CORP(RL)267,742333,605+65,86373,436,305104,605,4260.04%+31,169,121
ONTO INNOVATION INC(ONTO)537,360656,002+118,64254,235,74484,768,5760.03%+30,532,832
ARROWHEAD PHARMACEUTICALS INC(ARWR)451,6551,053,794+602,1397,136,14736,345,3530.01%+29,209,206
MERCURY SYS INC(MRCY)721,333875,279+153,94638,850,99467,746,5940.02%+28,895,600
SALLY BEAUTY HLDGS INC4,542,9044,343,773-199,13142,067,29870,716,6320.03%+28,649,334
HONDA MOTOR LTD ADR(HMC)10,367,48910,572,505+205,016298,894,733325,633,1840.12%+26,738,451
BANCO BRADESCO SA SP ADR88,098,67588,405,292+306,617272,224,904298,809,8850.11%+26,584,981
NETEASE INC SPONSORED ADR ADR(NTES)1,082,1911,133,052+50,861145,641,264172,212,5710.06%+26,571,307
VALE S A ADR21,705,26021,742,504+37,244210,758,073236,123,5990.09%+25,365,526
Page 1 of 11