CIK: 0001435028
Total reported value
$3.4B
Reporting period: 2026-03-31 · Number of holdings: 169
Fisher Funds Management LTD disclosed 169 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $3.4B and a quarterly turnover rate of 30.6%.
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Fisher Funds Management LTD's disclosed holdings carry a Herfindahl concentration index of 0.017 — mathematically equivalent to about 60 equally-sized positions, well below its 169 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.35), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 63% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim ICLR
-66.0% -$73.9M
Add MELI
+646.0% $51.7M
Add UBER
+584.2% $47.3M
Trim CRM
-52.4% -$49.8M
Trim IT
-93.2% -$39.5M
Trim TEAM
-33.4% -$39.2M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | Stock-Tech | 5.72% | +0.14% | +18.29% | |
| 2 | AMZN | Amazon.com INC | Stock-Consumer Disc | 4.24% | +0.16% | +1.54% | |
| 3 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.08% | -0.48% | -17.10% | |
| 4 | META | Meta Platforms Inc-class A | Stock-Comm Services | 3.05% | — | +1.82% | |
| 5 | NVDA | Nvidia CORP | Stock-Tech | 2.91% | — | +5.82% | |
| 6 | MA | Mastercard INC - A | Stock-Financials | 2.87% | — | +10.38% | |
| 7 | NFLX | Netflix INC | Stock-Comm Services | 2.33% | +0.82% | +32.58% | |
| 8 | DHR | Danaher CORP | Stock-Healthcare | 1.99% | -0.37% | -9.76% | |
| 9 | AAPL | Apple INC | Stock-Tech | 1.94% | -0.41% | -22.20% | |
| 10 | ISRG | Intuitive Surgical INC | Stock-Healthcare | 1.92% | — | +28.34% | |
| 11 | MELI | Mercadolibre INC | Stock-Consumer Disc | 1.80% | +1.55% | +645.97% | |
| 12 | MSCI | Msci INC | Stock-Financials | 1.72% | +0.03% | -4.02% | |
| 13 | ZTS | Zoetis INC | Stock-Healthcare | 1.70% | -0.15% | -13.74% | |
| 14 | DXCM | Dexcom INC | Stock-Healthcare | 1.68% | -0.41% | -25.29% | |
| 15 | AVGO | Broadcom INC | Stock-Tech | 1.67% | -0.35% | -18.01% | |
| 16 | UBER | Uber Technologies INC | Stock-Industrials | 1.66% | +1.42% | +584.24% | |
| 17 | FND | Floor & Decor Holdings Inc-a | Stock-Consumer Disc | 1.62% | — | +21.99% | |
| 18 | NEE | Nextera Energy INC | Stock-Utilities | 1.59% | — | -5.93% | |
| 19 | BSX | Boston Scientific CORP | Stock-Healthcare | 1.58% | +0.66% | +132.33% | |
| 20 | ODFL | Old Dominion Freight Line | Stock-Industrials | 1.57% | -0.63% | -49.04% | |
| 21 | HCA | Hca Healthcare INC | Stock-Healthcare | 1.36% | — | +5.63% | |
| 22 | AJG | Arthur J Gallagher & Co | Stock-Financials | 1.32% | +0.39% | +50.33% | |
| 23 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.31% | -0.35% | -23.71% | |
| 24 | KMI | Kinder Morgan INC | Stock-Energy | 1.28% | — | -7.00% | |
| 25 | EW | Edwards Lifesciences CORP | Stock-Healthcare | 1.22% | -0.46% | -31.80% | |
| 26 | EFX | Equifax INC | Stock-Industrials | 1.20% | +0.48% | +76.86% | |
| 27 | CMS | Cms Energy CORP | Stock-Utilities | 1.20% | — | +3.38% | |
| 28 | KKR | Kkr & Co INC | Stock-Financials | 1.16% | -0.13% | +9.28% | |
| 29 | MCK | Mckesson CORP | Stock-Healthcare | 1.11% | +0.37% | +25.51% | |
| 30 | AMT | American Tower CORP | Stock-Real Estate | 1.06% | -0.25% | -27.19% | |
| 31 | TW | Tradeweb Markets Inc-class A | Stock-Financials | 1.05% | — | -12.80% | |
| 32 | PGR | Progressive CORP | Stock-Financials | 1.04% | — | +12.57% | |
| 33 | FERG | Ferguson Enterprises INC | Stock-Industrials | 1.01% | — | -8.36% | |
| 34 | WCN | Waste Connections INC | Stock-Industrials | 0.94% | — | +23.12% | |
| 35 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.88% | — | -20.96% | |
| 36 | AMAT | Applied Materials INC | Stock-Tech | 0.81% | +0.27% | — | |
| 37 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.76% | -0.08% | -16.59% | |
| 38 | AXP | American Express Co | Stock-Financials | 0.75% | +0.40% | +132.73% | |
| 39 | CSCO | Cisco Systems INC | Stock-Tech | 0.75% | -0.07% | -19.81% | |
| 40 | CRM | Salesforce INC | Stock-Tech | 0.74% | -1.19% | -52.38% | |
| 41 | PAC | Grupo Aeroportuario Pac-adr | Stock-Other | 0.72% | — | — | |
| 42 | WMB | Williams Cos INC | Stock-Energy | 0.71% | — | — | |
| 43 | ABBV | Abbvie INC | Stock-Healthcare | 0.67% | -0.10% | -18.51% | |
| 44 | EQIX | Equinix INC | Stock-Real Estate | 0.66% | +0.21% | +2.52% | |
| 45 | CP | Canadian Pacific Kansas City | Stock-Industrials | 0.66% | — | -21.39% | |
| 46 | T | At&t INC | Stock-Comm Services | 0.63% | — | -12.50% | |
| 47 | VST | Vistra CORP | Stock-Utilities | 0.62% | +0.59% | +2111.70% | |
| 48 | CCI | Crown Castle INC | Stock-Real Estate | 0.58% | -0.15% | -22.83% | |
| 49 | MU | Micron Technology INC | Stock-Tech | 0.58% | — | -14.96% | |
| 50 | ICLR | ICON Public Limited Company | Stock-Healthcare | 0.57% | -1.84% | -66.03% |
Performance for Q3 2026
+2.9%
Performance Last 4 Quarters
+12.6%
Based on 77% of reported portfolio value with available pricing
Fisher Funds Management LTD's most significant position changes for 2026-03-31: Sold out: Nike INC -cl B (NKE); Sold out: Costco Wholesale CORP (COST); New buy: Dollar General CORP (DG); New buy: Tyler Technologies INC (TYL); New buy: Taiwan Semiconductor-sp Adr (TSM).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MELI | Mercadolibre INC | +1.6% | +645.97% | Add |
| 2 | UBER | Uber Technologies INC | +1.4% | +584.24% | Add |
| 3 | NFLX | Netflix INC | +0.8% | +32.58% | Add |
| 4 | BSX | Boston Scientific CORP | +0.7% | +132.33% | Add |
| 5 | VST | Vistra CORP | +0.6% | +2111.70% | Add |
| 6 | COF | Capital One Financial CORP | +0.5% | +1636.73% | Add |
| 7 | EFX | Equifax INC | +0.5% | +76.86% | Add |
| 8 | AXP | American Express Co | +0.4% | +132.73% | Add |
| 9 | AJG | Arthur J Gallagher & Co | +0.4% | +50.33% | Add |
| 10 | MCK | Mckesson CORP | +0.4% | +25.51% | Add |
| 11 | AMAT | Applied Materials INC | +0.3% | — | Unchanged |
| 12 | EQIX | Equinix INC | +0.2% | +2.52% | Add |
| 13 | AMZN | Amazon.com INC | +0.2% | +1.54% | Add |
| 14 | MSFT | Microsoft CORP | +0.1% | +18.29% | Add |
| 15 | MSCI | Msci INC | 0% | -4.02% | Trim |
| 16 | META | Meta Platforms Inc-class A | — | +1.82% | Add |
| 17 | CSCO | Cisco Systems INC | -0.1% | -19.81% | Trim |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | -16.59% | Trim |
| 19 | IBM | Intl Business Machines CORP | -0.1% | -8.23% | Trim |
| 20 | ABBV | Abbvie INC | -0.1% | -18.51% | Trim |
| 21 | GOOG | Alphabet Inc-cl C | -0.1% | -18.41% | Trim |
| 22 | KKR | Kkr & Co INC | -0.1% | +9.28% | Add |
| 23 | ZTS | Zoetis INC | -0.2% | -13.74% | Trim |
| 24 | CCI | Crown Castle INC | -0.2% | -22.83% | Trim |
| 25 | ORCL | Oracle CORP | -0.2% | -15.87% | Trim |
| 26 | HUM | Humana INC | -0.2% | -5.99% | Trim |
| 27 | DE | Deere & Co | -0.2% | -51.23% | Trim |
| 28 | AMT | American Tower CORP | -0.3% | -27.19% | Trim |
| 29 | ADBE | Adobe INC | -0.3% | -36.53% | Trim |
| 30 | IBP | Installed Building Products | -0.3% | -65.04% | Trim |
| 31 | AVGO | Broadcom INC | -0.4% | -18.01% | Trim |
| 32 | JPM | Jpmorgan Chase & Co | -0.4% | -23.71% | Trim |
| 33 | DHR | Danaher CORP | -0.4% | -9.76% | Trim |
| 34 | MLM | Martin Marietta Materials | -0.4% | -45.40% | Trim |
| 35 | AAPL | Apple INC | -0.4% | -22.20% | Trim |
| 36 | DXCM | Dexcom INC | -0.4% | -25.29% | Trim |
| 37 | UNP | Union Pacific CORP | -0.4% | -65.99% | Trim |
| 38 | EW | Edwards Lifesciences CORP | -0.5% | -31.80% | Trim |
| 39 | GOOGL | Alphabet Inc-cl A | -0.5% | -17.10% | Trim |
| 40 | ASML | ASML Holding N.V. | -0.5% | -66.25% | Trim |
| 41 | ODFL | Old Dominion Freight Line | -0.6% | -49.04% | Trim |
| 42 | TEAM | Atlassian Corp-cl A | -1% | -33.35% | Trim |
| 43 | IT | Gartner INC | -1% | -93.21% | Trim |
| 44 | CRM | Salesforce INC | -1.2% | -52.38% | Trim |
| 45 | ICLR | ICON Public Limited Company | -1.8% | -66.03% | Trim |
| 46 | NKE | Nike INC -cl B | — | EXIT | Sold out |
| 47 | COST | Costco Wholesale CORP | — | EXIT | Sold out |
| 48 | DG | Dollar General CORP | — | NEW | New buy |
| 49 | TYL | Tyler Technologies INC | — | NEW | New buy |
| 50 | TSM | Taiwan Semiconductor-sp Adr | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-16 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-26 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-29 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-04 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-29 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-04 | 13F-HR | View on EDGAR |
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