SEC 13F Intelligence

Notable Investors / Q1 2026

Ken Fisher’s Portfolio — Fisher Asset Management, LLC

Founder & Executive Chairman, Fisher Investments

CIK 0000850529 · 6500 INTERNATIONAL PARKWAY, PLANO, TX, 75093 · 650-851-3334

About Ken Fisher

Ken Fisher built Fisher Investments into one of the largest independent RIAs in the world, wrote the long-running Forbes 'Portfolio Strategy' column, and pioneered the price-to-sales ratio in his book Super Stocks.

Fisher's giant 13F reflects managed-account scale: broad, benchmark-aware exposure across mega-cap tech, financials, and international ADRs — a barometer of mainstream advised wealth more than a concentrated bet sheet.

Portfolio data below is from Fisher Asset Management, LLC’s SEC 13F filings. View the full filer page →

Reported Value
$294.9B
Q1 2026
Positions
1,016
Filings on Record
35
2019–present window
Filed
May 5, 2026
original filing

Summary

Fisher Asset Management, LLC reported $294.9B in U.S.-listed holdings across 1,016 positions for Q1 2026.

Its largest position, NVDA, represents 5.2% of the portfolio.

Compared with Q4 2025, the fund opened 118 new positions and exited 119.

Portfolio Metrics

Turnover
+9.5%
vs prior filed quarter
Top-10 Concentration
+33.4%
share of reported value
Largest Position
+5.2%
Nvidia Corp Com
New / Exited
118 / 119
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $73.2BQ4 ’18Q1 ’19: $85.3BQ2 ’19: $90.5BQ3 ’19: $91.1BQ4 ’19: $99.0BQ4 ’19Q1 ’20: $80.6BQ2 ’20: $102.5BQ3 ’20: $114.3BQ4 ’20: $133.5BQ4 ’20Q1 ’21: $142.0BQ2 ’21: $159.3BQ3 ’21: $161.0BQ4 ’21: $178.6BQ4 ’21Q1 ’22: $169.5BQ2 ’22: $141.3BQ3 ’22: $133.4BQ1 ’23: $165MQ1 ’23Q2 ’23: $181MQ4 ’23: $203.1BQ1 ’24: $214.1BQ2 ’24: $229.9BQ2 ’24Q3 ’24: $244.0BQ4 ’24: $251.3BQ1 ’25: $231.0BQ2 ’25: $251.9BQ2 ’25Q3 ’25: $276.3BQ4 ’25: $293.0BQ1 ’26: $294.9Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 68.3%ADR: 13.8%ETP: 11.4%Other: 6.2%REIT: 0.4%Other: 0.0%
  • Common Stock · 68.3% · $201.3B
  • ADR · 13.8% · $40.6B
  • ETP · 11.4% · $33.5B
  • Other · 6.2% · $18.4B
  • REIT · 0.4% · $1.0B
  • Other · 0.0% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ASTRAZENECA PLCNEW+10.85M10.85M+$2.1B$2.1B
PBB WORLD BIOPHARMA ETFNEW+28.04M28.04M+$717M$717M
PBB GLOBAL OIL GAS EP ETFNEW+19.07M19.07M+$676M$676M
PBB EUROPE BANKS ETFNEW+15.88M15.88M+$436M$436M
PIPRPIPER SANDLER COMPANIES COM NENEW+1.08M1.08M+$83M$83M
CGONCG ONCOLOGY INCNEW+465.0K465.0K+$31M$31M
PNFPPINNACLE FINL PARTNERS INC COMNEW+173.5K173.5K+$15M$15M
RYNRAYONIER INCNEW+421.6K421.6K+$9M$9M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORP COMhistory →COM5.24%$15.4B88.56M
2AAPLAPPLE INChistory →COM4.86%$14.3B56.43M
3ISHARES TR 7 10YR TR BD ETFCOM4.76%$14.0B147.05M
4GOOGLALPHABET INC CLASS Ahistory →COM3.81%$11.2B39.05M
5MSFTMICROSOFT CORPhistory →COM3.26%$9.6B25.94M
6VANGUARD FDS INT TERM CORPCOM2.50%$7.4B89.20M
7AMZNAMAZON COM INC COMhistory →COM2.41%$7.1B34.19M
8CATCATERPILLAR INChistory →COM2.35%$6.9B9.78M
9TSMTAIWAN SEMICONDUCTOR MANUF ADRhistory →COM2.13%$6.3B18.62M
10ASML HLDG NV NYSCOM2.06%$6.1B4.60M
11GSGOLDMAN SACHS GROUP INChistory →COM1.96%$5.8B6.83M
12EXMOCEXXON MOBIL CORPhistory →COM1.86%$5.5B32.28M
13WMTWALMART INChistory →COM1.73%$5.1B40.98M
14JPMJPMORGAN CHASE COhistory →COM1.70%$5.0B17.02M
15AVGOBROADCOM INC COMhistory →COM1.54%$4.5B14.69M
16CHVCHEVRON CORPORATIONhistory →COM1.54%$4.5B21.89M
17LLYELI LILLY COhistory →COM1.51%$4.5B4.84M
18RTXRTX CORPORATION COMhistory →COM1.46%$4.3B22.24M
19DWDMORGAN STANLEYhistory →COM1.43%$4.2B25.60M
20TRVCCITIGROUP INChistory →COM1.35%$4.0B35.22M
21FCXFREEPORT MCMORAN INChistory →COM1.30%$3.8B65.09M
22METAMETA PLATFORMS INC CL Ahistory →COM1.30%$3.8B6.69M
23HDHOME DEPOT INChistory →COM1.15%$3.4B10.29M
24COSTCOSTCO WHOLESALE CORPORATIONhistory →COM1.09%$3.2B3.22M
25MRKMERCK CO INChistory →COM1.08%$3.2B26.44M
26BPBP PLC SPONSORED ADR ADRhistory →COM1.06%$3.1B66.62M
27PFEPFIZER INChistory →COM1.00%$2.9B104.96M
28AXPAMERICAN EXPRESS COhistory →COM0.95%$2.8B9.25M
29BACBANK OF AMER CORPhistory →COM0.95%$2.8B57.35M
30UBS GROUP AGCOM0.88%$2.6B66.07M
31SHELSHELL PLC ADRhistory →COM0.87%$2.6B27.47M
32SAPSAP SE ADRhistory →COM0.84%$2.5B14.53M
33JOHNSON CTLS INTL PLC SHSCOM0.78%$2.3B17.53M
34VVISA INChistory →COM0.78%$2.3B7.59M
35SONYSONY GROUP CORP ADRhistory →COM0.78%$2.3B110.63M
36JNJJOHNSON JOHNSONhistory →COM0.77%$2.3B9.26M
37MAMASTERCARD INCORPORATEDhistory →COM0.75%$2.2B4.41M
38CRCCANADIAN NAT RES LTD MED TERMhistory →COM0.74%$2.2B45.02M
39ASTRAZENECA PLCCOM0.73%$2.1B10.85M
40NVSNNOVARTIS A G SPONSORED ADR ADRhistory →COM0.72%$2.1B13.89M
41SCHWSCHWAB CHARLES CORP COMhistory →COM0.71%$2.1B22.22M
42COPCONOCOPHILLIPShistory →COM0.68%$2.0B15.22M
43ABBVABBVIE INChistory →COM0.67%$2.0B9.09M
44NFLXNETFLIX INC COMhistory →COM0.66%$2.0B20.34M
45BCSBARCLAYS PLC ADRhistory →COM0.66%$1.9B91.45M
46GSKGSK PLC SPONSORED ADR ADRhistory →COM0.65%$1.9B34.52M
47CMICUMMINS INChistory →COM0.64%$1.9B3.50M
48RIORIO TINTO PLC ADRhistory →COM0.64%$1.9B20.14M
49ISRGINTUITIVE SURGICAL INChistory →COM0.60%$1.8B3.85M
50BHP GROUP LTD SPONSORED AD ADRCOM0.59%$1.7B23.87M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$294.9B1,016May 5, 202613F-HRchanges · EDGAR ↗
Q4 2025$293.0B1,017Feb 9, 202613F-HRchanges · EDGAR ↗
Q3 2025$276.3B1,014Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$251.9B986Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$231.0B999May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$251.3B975Feb 5, 202513F-HRchanges · EDGAR ↗
Q3 2024$244.0B919Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$229.9B986Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$214.1B964May 9, 202413F-HRchanges · EDGAR ↗
Q4 2023$203.1B1,161Feb 6, 202413F-HRchanges · EDGAR ↗
Q3 2023Under review1,168Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$181M1,169Aug 8, 202313F-HRchanges · EDGAR ↗
Q1 2023$165M1,144May 1, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review1,025Feb 3, 202313F-HRchanges · EDGAR ↗
Q3 2022$133.4B1,079Nov 8, 202213F-HRchanges · EDGAR ↗
Q2 2022$141.3B1,066Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$169.5B1,087May 5, 202213F-HRchanges · EDGAR ↗
Q4 2021$178.6B1,067Feb 2, 202213F-HRchanges · EDGAR ↗
Q3 2021$161.0B1,028Oct 26, 202113F-HRchanges · EDGAR ↗
Q2 2021$159.3B1,010Jul 27, 202113F-HRchanges · EDGAR ↗
Q1 2021$142.0B999Apr 27, 202113F-HRchanges · EDGAR ↗
Q4 2020$133.5B1,010Jan 29, 202113F-HRchanges · EDGAR ↗
Q3 2020$114.3B940Nov 12, 2020RESTATEMENTchanges · EDGAR ↗
Q2 2020$102.5B902Aug 7, 202013F-HRchanges · EDGAR ↗
Q1 2020$80.6B866Apr 28, 202013F-HRchanges · EDGAR ↗
Q4 2019$99.0B898Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$91.1B903Oct 29, 201913F-HRchanges · EDGAR ↗
Q2 2019$90.5B902Jul 30, 201913F-HRchanges · EDGAR ↗
Q1 2019$85.3B862Apr 22, 2019RESTATEMENTchanges · EDGAR ↗
Q4 2018$73.2B866Jan 25, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.