Fund HoldingsFisher Asset Management, LLC

Total Portfolio Value
$292.99B
Total Bought
$34.97B
Total Sold
$10.60B
Net Transaction
+$24.36B
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
ISHARES TR 7 10YR TR BD ETF87,662,438134,832,971+47,170,5338,455,91912,965,5394.43%+4,509,620
ALPHABET INC CLASS A(GOOG)37,522,95538,106,033+583,0789,121,83111,927,1894.07%+2,805,358
ELI LILLY CO(LLY)4,453,0624,606,327+153,2653,397,6884,950,3281.69%+1,552,641
UNILEVER PLC(UL)020,658,738+20,658,73801,351,0810.46%+1,351,081
TOTALENERGIES SE ACT(TTE)019,324,336+19,324,33601,264,1980.43%+1,264,198
APPLE INC(AAPL)54,442,45955,146,752+704,29313,862,68314,992,1965.12%+1,129,513
CATERPILLAR INC(CAT)9,439,1979,493,266+54,0694,503,9135,438,4081.86%+934,495
FREEPORT MCMORAN INC(FCX)063,880,757+63,880,75703,244,5041.11%+3,244,504
GOLDMAN SACHS GROUP INC(GS)6,661,4226,771,556+110,1345,304,8245,952,1992.03%+647,374
BROADCOM INC COM(AVGO)12,611,74013,844,206+1,232,4664,160,7404,791,4801.64%+630,740
CITIGROUP INC(C)33,040,51333,887,285+846,7723,353,6123,954,3071.35%+600,695
MERCK CO INC(MRK)24,068,12624,873,327+805,2012,020,0382,618,1660.89%+598,129
ASML HOLDING N V NYS
N Y REGISTRY SHS
4,352,5964,484,949+132,3534,213,7054,798,2681.64%+584,563
MORGAN STANLEY(MS)24,494,14625,018,335+524,1893,893,5904,441,5051.52%+547,916
TAIWAN SEMICONDUCTOR MFG L ADR(TSM)17,833,12718,146,900+313,7734,980,6145,514,6621.88%+534,047
BARCLAYS PLC ADR86,027,31289,750,069+3,722,7571,778,1852,284,1390.78%+505,955
AMAZON COM INC COM(AMZN)33,103,68833,593,612+489,9247,268,5777,754,0782.65%+485,501
UBS GROUP AG(UBS)61,168,43764,107,264+2,938,8272,507,9062,968,8071.01%+460,901
RTX CORPORATION COM(RTX)21,174,19421,800,188+625,9943,543,0783,998,1551.36%+455,077
INTUITIVE SURGICAL INC07,356,637+7,356,63702,444,7680.83%+2,444,768
AMERICAN EXPRESS CO(AXP)8,881,5469,023,482+141,9362,950,0953,338,2381.14%+388,143
WALMART INC(WMT)40,298,62340,626,852+328,2294,153,1764,526,2381.54%+373,062
ASTRAZENECA PLC ADR(AZN)21,162,72421,601,433+438,7091,623,6041,985,8200.68%+362,216
CUMMINS INC(CMI)3,367,0013,410,723+43,7221,422,1211,741,0040.59%+318,884
RIO TINTO PLC ADR(RIO)19,120,16819,642,744+522,5761,262,1221,572,0090.54%+309,887
THERMO FISHER SCIENTIFIC INC(TMO)2,721,1012,792,421+71,3201,319,7891,618,0690.55%+298,280
EXXON MOBIL CORP31,194,49331,497,852+303,3593,517,1793,790,4521.29%+273,273
NVIDIA CORP COM(NVDA)84,563,57586,057,537+1,493,96215,777,87216,049,7315.48%+271,859
JOHNSON JOHNSON(JNJ)8,446,4088,866,207+419,7991,566,1331,834,8620.63%+268,729
VANGUARD FDS INT TERM CORP
INT-TERM CORP
083,976,379+83,976,37907,033,0222.40%+7,033,022
BANK AMERICA CORP52,677,98853,783,821+1,105,8332,717,6572,958,1101.01%+240,453
GSK PLC SPONSORED ADR ADR(GSK)32,227,61533,195,985+968,3701,390,9441,627,9310.56%+236,987
CISCO SYS INC(CSCO)03,187,873+3,187,8730245,5620.08%+245,562
JPMORGAN CHASE CO(JPM)15,722,44316,018,656+296,2134,959,3305,161,5321.76%+202,201
ROYAL BK CDA(RY)6,004,8666,373,400+368,534884,6371,086,6010.37%+201,964
JOHNSON CTLS INTL PLC SHS
SHS
16,959,24917,239,953+280,7041,864,6702,064,4850.70%+199,815
TOYOTA MOTOR CORP ADR(TM)6,909,1986,995,672+86,4741,320,2791,497,4940.51%+177,215
HSBC HLDGS PLC SPON ADR NE ADR(HSBC)17,398,46017,800,748+402,2881,234,9431,400,3850.48%+165,442
NATWEST GROUP PLC ADR(NWG)040,912,201+40,912,2010715,9640.24%+715,964
DANAHER CORP DEL COM(DHR)04,446,976+4,446,97601,018,0020.35%+1,018,002
ISHARES MSCI EUROPE FN ETF35,932,61037,017,326+1,084,7161,233,9261,372,9730.47%+139,047
EMERSON ELEC CO(EMR)6,262,5707,191,118+928,548821,524954,4050.33%+132,881
CAPITAL ONE FINL CORP(COF)06,937,362+6,937,36201,681,3390.57%+1,681,339
CANADIAN NAT RES LTD(CNQ)042,745,981+42,745,98101,446,9510.49%+1,446,951
ISHARES GLOBAL HEALTH CARE ETF7,439,9218,032,598+592,677659,326782,3750.27%+123,049
ALPHABET INC CLASS C(GOOG)1,711,2431,720,004+8,761416,774539,7370.18%+122,964
BHP GROUP LTD SPONSORED AD ADR23,149,64923,402,474+252,8251,290,5931,412,8070.48%+122,214
LLOYDS BANKING GROUP PLC ADR(LYG)149,958,264151,258,982+1,300,718680,811801,6730.27%+120,862
DEUTSCHE BANK A G GRS
NAMEN AKT
26,432,00627,398,661+966,655935,9571,056,4920.36%+120,535
HDFC BANK LTD ADR(HDB)011,850,762+11,850,7620433,0270.15%+433,027
SCHWAB CHARLES CORP COM(SCHW)21,646,58821,818,514+171,9262,066,6002,179,8880.74%+113,288
VISA INC(V)07,485,132+7,485,13202,625,1110.90%+2,625,111
ISHARES NATIONAL MUNI BOND ETF9,725,77310,713,817+988,0441,035,6981,147,5570.39%+111,859
SALESFORCE INC(CRM)04,278,477+4,278,47701,133,4120.39%+1,133,412
NOVARTIS A G SPONSORED ADR ADR(NVS)7,239,3667,465,850+226,484928,3761,029,3170.35%+100,941
SUNCOR ENERGY INC NEW(SU)15,530,96516,820,924+1,289,959649,350746,1760.25%+96,827
PARKERHANNIFIN CORP(PH)542,337571,270+28,933411,173502,1240.17%+90,951
DEERE CO(DE)02,853,156+2,853,15601,328,3440.45%+1,328,344
ABBVIE INC(ABBV)0628,338+628,3380143,5690.05%+143,569
SANMINA CORPORATION(SANM)0650,173+650,173097,5710.03%+97,571
SHELL PLC ADR(SHEL)26,809,94627,142,785+332,8391,917,7161,994,4520.68%+76,736
AMGEN INC(AMGN)785,284903,557+118,273221,607295,7440.10%+74,136
ANHEUSER BUSCH INBEV SA/NV ADR(BUD)011,380,404+11,380,4040728,8010.25%+728,801
LUMENTUM HLDGS INC(LITE)817,809535,723-282,086133,066197,4620.07%+64,397
AMKOR TECHNOLOGY INC02,095,027+2,095,027082,7120.03%+82,712
ISHARES TR GLOB INDSTRL ETF2,175,0192,497,916+322,897375,735437,9850.15%+62,250
APPLIED MATLS INC0455,077+455,0770116,9500.04%+116,950
SOUTHERN COPPER CORP COM(SCCO)2,529,0342,536,228+7,194306,924363,8730.12%+56,949
CANADIAN IMPERIAL BANK OF COMM(CM)1,686,8162,102,615+415,799134,760190,5180.07%+55,758
BANCO BILBAO VIZCAYA ARGEN ADR(BBVA)38,310,21533,954,738-4,355,477737,472791,4850.27%+54,013
PACCAR INC(PCAR)05,073,161+5,073,1610555,5620.19%+555,562
ISHARES GLOBAL CONS STAPLES5,238,7856,032,649+793,864337,221390,0110.13%+52,790
COHERENT CORP(COHR)0502,168+502,168092,6850.03%+92,685
PEPSICO INC COM(PEP)8,112,0388,295,329+183,2911,139,2551,190,5460.41%+51,291
ARROWHEAD PHARMACEUTICALS INC(ARWR)1,053,7941,311,727+257,93336,34587,0860.03%+50,740
BP PLC SPONSORED ADR ADR(BP)65,483,23266,431,924+948,6922,256,5522,307,1810.79%+50,629
ISHARES GLOBAL ENERGY ETF13,602,29214,729,493+1,127,201567,896617,6080.21%+49,712
FABRINET(FN)0106,224+106,224048,3620.02%+48,362
ROCKWELL AUTOMATION INC(ROK)0857,529+857,5290333,6390.11%+333,639
VALE S A ADR21,742,50421,597,376-145,128236,124281,4140.10%+45,290
BOSTON SCIENTIFIC CORP(BSX)09,138,216+9,138,2160871,3290.30%+871,329
BELDEN INC0369,776+369,776043,0970.01%+43,097
CSX CORP(CSX)25,855,67426,515,831+660,157918,135961,1990.33%+43,064
BEL FUSE INC0251,608+251,608042,6800.01%+42,680
DOVER CORP(DOV)01,610,141+1,610,1410314,3640.11%+314,364
NOMURA HLDGS INC SPONSORED ADR(NMR)013,151,514+13,151,5140110,3410.04%+110,341
PFIZER INC(PFE)49,288,05451,952,106+2,664,0521,255,8601,293,6070.44%+37,748
BOEING CO(BA)5,505,0405,640,900+135,8601,188,1531,224,7520.42%+36,599
ARCUS BIOSCIENCES INC(RCUS)01,949,788+1,949,788046,4630.02%+46,463
MASTERCARD INCORPORATED(MA)4,308,4004,355,805+47,4052,450,6612,486,6420.85%+35,981
ADVANCED ENERGY INDS0394,186+394,186082,5310.03%+82,531
RAMBUS INC DEL(RMBS)0517,278+517,278047,5330.02%+47,533
CANADIAN NATL RY CO(CNI)02,279,778+2,279,7780225,3560.08%+225,356
ISHARES TR US PHARMA ETF02,825,644+2,825,6440239,6990.08%+239,699
COCA COLA CO(KO)06,381,600+6,381,6000446,1380.15%+446,138
VIRIDIAN THERAPEUTICS INC(VRDN)01,780,284+1,780,284055,4020.02%+55,402
ISHARES MSCI EUROZONE ETF03,335,268+3,335,2680213,7910.07%+213,791
FLOWSERVE CORP(FLS)01,865,429+1,865,4290129,4230.04%+129,423
VANGUARD SP 500 ETF1,543,1781,551,244+8,066945,012972,8320.33%+27,820
VANGUARD FTSE DEVELOPED MKT9,430,7089,468,021+37,313565,088591,4670.20%+26,379
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