Fisher Asset Management, LLC

New 13F: Q3 2026

Fisher Asset Management, LLC filed its 13F for the quarter ended Sep 30, 2026 on Nov 6, 2026: $137.9B in AI and semiconductor stocks; $5.3B bought and $748.5M sold against its previous quarter, at the quarter's prices.

Fisher Asset Management, LLC declares $129.7B in 113 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 38.6% of its $335.8B 13F portfolio. Largest positions: NVIDIA (0.38% of the company) and Apple (0.40% of the company). Over time: $129.7B in 113 of these companies for Q2 2026, against $24.4B in 64 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $11.0B and sold $2.3B of these stocks, at the quarter's prices: a net purchase of $8.7B; 14 new positions.

Performance of its AI picks

The AI-stock portfolio Fisher Asset Management, LLC declared for Q2 2026 (Form 13F), held unchanged, returned +3.0% in Q3 2026 (SMH -7.1%), ranked 1030 of 1,785 active managers. Over the last 12 months, quarter after quarter: +23.3% (SMH +87.2%), ranked 1034 of 1,360 active managers. Over three years, quarter after quarter: +140.8% (SMH +325.8%), ranked 465 of 784 active managers. Over five years, quarter after quarter: +142.7% (SMH +389.8%), ranked 356 of 535 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

  1. NVIDIA (NVDA): $18.2B, 90.9M shares, 0.38% of the company, 5.4% of its portfolio (added this quarter); held since Q4 2019 or earlier
  2. Apple (AAPL): $16.7B, 57.6M shares, 0.40% of the company, 5.0% of its portfolio (added this quarter); held since Q4 2019 or earlier
  3. Alphabet (GOOGL): $14.9B, 41.7M shares, 0.34% of the company, 4.4% of its portfolio (added this quarter); held since Q4 2019 or earlier
  4. Caterpillar (CAT): $10.6B, 9.9M shares, 2.2% of the company, 3.2% of its portfolio (added this quarter); held since Q4 2019 or earlier
  5. Microsoft (MSFT): $9.9B, 26.6M shares, 0.36% of the company, 3.0% of its portfolio (added this quarter); held since Q4 2019 or earlier
  6. ASML (ASML): $9.4B, 4.7M shares, 1.2% of the company, 2.8% of its portfolio (added this quarter); held since Q4 2019 or earlier
  7. TSMC (TSM): $9.0B, 18.9M shares, 0.36% of the company, 2.7% of its portfolio (added this quarter); held since Q4 2019 or earlier
  8. Amazon (AMZN): $8.3B, 35.0M shares, 0.32% of the company, 2.5% of its portfolio (added this quarter); held since Q4 2019 or earlier
  9. Broadcom (AVGO): $5.7B, 15.1M shares, 0.32% of the company, 1.7% of its portfolio (added this quarter); held since Q4 2019 or earlier
  10. GE Vernova (GEV): $4.2B, 3.6M shares, 1.3% of the company, 1.2% of its portfolio (added this quarter); held since Q2 2024
  11. Cisco (CSCO): $3.9B, 33.4M shares, 0.85% of the company, 1.2% of its portfolio (added this quarter); held since Q4 2019 or earlier
  12. Meta Platforms (META): $3.8B, 6.8M shares, 0.27% of the company, 1.1% of its portfolio (added this quarter); held since Q4 2019 or earlier
  13. Cummins (CMI): $2.6B, 3.6M shares, 2.6% of the company, 0.76% of its portfolio (added this quarter); held since Q4 2019 or earlier
  14. Palo Alto Networks (PANW): $2.0B, 5.8M shares, 0.70% of the company, 0.58% of its portfolio (added this quarter); held since Q4 2020
  15. Oracle (ORCL): $1.9B, 13.3M shares, 0.44% of the company, 0.58% of its portfolio (added this quarter); held since Q4 2019 or earlier

By sector

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