Managers / Q3 2025 · view latest →
Fisher Funds Management LTD
CIK 0001435028 · PO BOX 33549, TAKAPUNA, AUCKLAND, Q2, 0622 · 649 445 3377
Summary
Fisher Funds Management Ltd reported $3.8B in U.S.-listed holdings across 160 positions for Q3 2025.
Its largest position, MSFT, represents 5.2% of the portfolio.
Compared with Q2 2025, the fund opened 17 new positions and exited 25.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 91.5% · $3.5B
- Other · 5.3% · $199M
- REIT · 2.2% · $85M
- ADR · 0.7% · $26M
- MLP · 0.3% · $11M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ODFLOLD DOMINION FREIGHT LINE IN | NEW | +468.5K | 468.5K | +$66M | $66M |
| VRTVERTIV HOLDINGS CO | NEW | +9.3K | 9.3K | +$1M | $1M |
| DELLDELL TECHNOLOGIES INC | NEW | +9.9K | 9.9K | +$1M | $1M |
| MRVLMARVELL TECHNOLOGY INC | NEW | +16.5K | 16.5K | +$1M | $1M |
| IBKRINTERACTIVE BROKERS GROUP IN | NEW | +19.8K | 19.8K | +$1M | $1M |
| HPEHEWLETT PACKARD ENTERPRISE C | NEW | +53.7K | 53.7K | +$1M | $1M |
| NXP SEMICONDUCTORS NV | NEW | +5.8K | 5.8K | +$1M | $1M |
| DWDMORGAN STANLEY | NEW | +8.1K | 8.1K | +$1M | $1M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $3.4B | 169 | Apr 16, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $3.9B | 166 | Jan 26, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $3.8B | 160 | Oct 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $4.2B | 168 | Aug 4, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $4.1B | 164 | Apr 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $4.1B | 164 | Feb 4, 2025 | 13F-HR | changes · 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 ↗.