§ 13F · FUND PROFILE
Fisher Asset Management, LLC.
Concentrated quality growth, Ken Fisher
AUM · $335.8B (13F)Positions · 1037Turnover · 97% · Q2Filed · Aug 4, 2026
CONCENTRATION
36%
Top 10 holdings
NEW BUYS
+125
+$100M deployed
EXITS
0
No exits
SECTOR SHIFT
BANKING → SEMICONDUCTORS
-0pp · +2pp
§ 01 · TOP HOLDINGS
The book · Q2 2026
FILED AUG 4, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORP COM | 90.94M | $18.2B | 5.4% | +3% |
| 2 | AAPL | APPLE INC | 57.61M | $16.7B | 5.0% | +2% |
| 3 | IEF | ISHARES TR 7 10YR TR BD ETF | 160.96M | $15.2B | 4.5% | +9% |
| 4 | GOOGL | ALPHABET INC CLASS A | 39.99M | $14.3B | 4.3% | +2% |
| 5 | CAT | CATERPILLAR INC | 9.94M | $10.6B | 3.2% | +2% |
| 6 | MSFT | MICROSOFT CORP | 26.61M | $9.9B | 3.0% | +3% |
| 7 | ASML | ASML HLDG NV NYS | 4.74M | $9.4B | 2.8% | +3% |
| 8 | TSM | TAIWAN SEMICONDUCTOR MANUF ADR | 18.87M | $9.0B | 2.7% | +1% |
| 9 | AMZN | AMAZON COM INC COM | 34.98M | $8.3B | 2.5% | +2% |
| 10 | VCIT | VANGUARD FDS INT TERM CORP | 95.70M | $7.9B | 2.4% | +7% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other41.5% (±0)
Semiconductors13.3% (+2pp)
Technology10.4% (±0)
Financial Services8.9% (±0)
Banking7.7% (±0)
Pharmaceuticals7.3%
§ 03 · THE FISHER SIGNAL
AC read
Fisher Asset Management, LLC is a Quality / Compounder fund managing $335.8 billion in assets. The fund runs a massive portfolio of 1,037 positions, broad diversification across holdings, with the top 10 accounting for 36%. Trading activity is aggressive at 97% quarterly turnover, with 125 new positions and 0 exits last quarter. Top sector allocations: Other (42%), Semiconductors (13%), Technology (10%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
4 OF 2 FILINGS MEASURED
Q2 2026
Busy quarter
+125 buys · −0 exits · 882 changed
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