§ 13F · FUND PROFILE
Fisher Asset Management, LLC.
Concentrated quality growth, Ken Fisher
AUM · $276.3B (13F)Positions · 1014Turnover · 98% · Q1Filed · May 5, 2026
CONCENTRATION
33%
Top 10 holdings
NEW BUYS
+118
+$4.2B deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-3pp · +3pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 5, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORP COM | 88.56M | $15.4B | 5.2% | +3% |
| 2 | AAPL | APPLE INC | 56.43M | $14.3B | 4.9% | +2% |
| 3 | IEF | ISHARES TR 7 10YR TR BD ETF | 147.05M | $14.0B | 4.8% | +9% |
| 4 | GOOGL | ALPHABET INC CLASS A | 39.05M | $11.2B | 3.8% | +2% |
| 5 | MSFT | MICROSOFT CORP | 25.94M | $9.6B | 3.3% | +3% |
| 6 | VCIT | VANGUARD FDS INT TERM CORP | 89.20M | $7.4B | 2.5% | +6% |
| 7 | AMZN | AMAZON COM INC COM | 34.19M | $7.1B | 2.4% | +2% |
| 8 | CAT | CATERPILLAR INC | 9.78M | $6.9B | 2.3% | +3% |
| 9 | TSM | TAIWAN SEMICONDUCTOR MANUF ADR | 18.62M | $6.3B | 2.1% | +3% |
| 10 | ASML | ASML HLDG NV NYS | 4.60M | $6.1B | 2.1% | +3% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other41.5% (+3pp)
Semiconductors11.4% (±0)
Technology10.4% (−3pp)
Financial Services9.0% (−1pp)
Banking8.2% (−1pp)
Energy8.1%
§ 03 · THE FISHER SIGNAL
AC read
Fisher Asset Management, LLC is a Quality / Compounder fund managing $276.3 billion in assets. The fund runs a massive portfolio of 1,014 positions, broad diversification across holdings, with the top 10 accounting for 33%. Trading activity is aggressive at 98% quarterly turnover, with 118 new positions and 0 exits last quarter. Top sector allocations: Other (42%), Semiconductors (11%), Technology (10%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q1 2026
Busy quarter
+118 buys · −0 exits · 875 changed
Q4 2025
Busy quarter
+116 buys · −0 exits · 879 changed
Q3 2025
Busy quarter
+110 buys · −0 exits · 872 changed
Q2 2025
Busy quarter
+94 buys · −0 exits · 859 changed