FF
Fisher Funds Management LTD 13F Filings Tracker & Latest Positions (Q2 2026)
Fisher Funds Management LTDCIK: 0001435028
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$3.5B
Reporting period: 2026-06-30 · Number of holdings: 174
Fisher Funds Management LTD disclosed 174 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $3.5B and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 6.98
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 45.31
- Diversification
- 100
- Sizing Uniformity
- 85.69
Fisher Funds Management LTD's disclosed holdings carry a Herfindahl concentration index of 0.017 — mathematically equivalent to about 57 equally-sized positions, well below its 174 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 1.43), 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd NVDA
+44.6% $65.4M
Trim HCA
-76.3% -$37.3M
Add ASML
+112.7% $35.3M
Add V
+359.4% $32.9M
Trim NFLX
-15.9% -$29.8M
Trim MCK
-75.2% -$29.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | Stock-Tech | 5.99% | +0.27% | +7.13% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 4.69% | +1.78% | +44.58% | |
| 3 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 4.05% | -0.19% | -13.88% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.84% | +0.76% | +3.49% | |
| 5 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.87% | -0.18% | -1.51% | |
| 6 | AAPL | Apple Inc | Stock-Tech | 2.62% | +0.68% | +22.20% | |
| 7 | MA | Mastercard Inc - A | Stock-Financials | 2.56% | -0.31% | -10.29% | |
| 8 | FND | Floor & Decor Holdings Inc-a | Stock-Consumer Disc | 1.80% | +0.18% | -1.60% | |
| 9 | AVGO | Broadcom Inc | Stock-Tech | 1.79% | +0.12% | -9.71% | |
| 10 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 1.74% | -0.06% | +1.46% | |
| 11 | DXCM | Dexcom Inc | Stock-Healthcare | 1.61% | -0.07% | -7.65% | |
| 12 | DHR | Danaher CORP | Stock-Healthcare | 1.58% | -0.41% | -18.62% | |
| 13 | ASML | ASML Holding N.V. | Stock-Tech | 1.46% | +0.99% | +112.72% | |
| 14 | NEE | Nextera Energy Inc | Stock-Utilities | 1.45% | -0.14% | — | |
| 15 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.41% | +0.10% | +0.00% | |
| 16 | UBER | Uber Technologies Inc | Stock-Industrials | 1.41% | -0.25% | -12.73% | |
| 17 | NFLX | Netflix Inc | Stock-Comm Services | 1.41% | -0.92% | -15.90% | |
| 18 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 1.34% | -0.58% | -16.74% | |
| 19 | MU | Micron Technology Inc | Stock-Tech | 1.33% | +0.75% | -30.72% | |
| 20 | MSCI | Msci Inc | Stock-Financials | 1.32% | -0.40% | -23.83% | |
| 21 | WMB | Williams Cos Inc | Stock-Energy | 1.32% | +0.61% | +87.28% | |
| 22 | BSX | Boston Scientific CORP | Stock-Healthcare | 1.22% | -0.36% | +17.06% | |
| 23 | AJG | Arthur J Gallagher & Co | Stock-Financials | 1.18% | -0.14% | -12.65% | |
| 24 | V | Visa Inc-class A Shares | Stock-Financials | 1.16% | +0.93% | +359.42% | |
| 25 | EW | Edwards Lifesciences CORP | Stock-Healthcare | 1.02% | -0.20% | -23.47% | |
| 26 | ZTS | Zoetis Inc | Stock-Healthcare | 1.00% | -0.70% | — | |
| 27 | ODFL | Old Dominion Freight Line | Stock-Industrials | 0.99% | -0.58% | -41.69% | |
| 28 | EFX | Equifax Inc | Stock-Industrials | 0.97% | -0.23% | -5.39% | |
| 29 | PGR | Progressive CORP | Stock-Financials | 0.95% | -0.09% | -13.84% | |
| 30 | CMS | Cms Energy CORP | Stock-Utilities | 0.93% | -0.27% | -18.37% | |
| 31 | HUM | Humana Inc | Stock-Healthcare | 0.93% | +0.39% | -22.56% | |
| 32 | AXP | American Express Co | Stock-Financials | 0.93% | +0.18% | +14.18% | |
| 33 | FERG | Ferguson Enterprises Inc | Stock-Industrials | 0.91% | -0.09% | -8.21% | |
| 34 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.90% | +0.65% | +160.67% | |
| 35 | TW | Tradeweb Markets Inc-class A | Stock-Financials | 0.85% | -0.20% | -1.06% | |
| 36 | KKR | Kkr & Co Inc | Stock-Financials | 0.85% | -0.31% | -23.68% | |
| 37 | AMAT | Applied Materials Inc | Stock-Tech | 0.84% | +0.03% | -49.77% | |
| 38 | SPGI | S&p Global Inc | Stock-Financials | 0.83% | +0.72% | +725.98% | |
| 39 | KMI | Kinder Morgan, Inc. | Stock-Energy | 0.82% | -0.46% | -30.90% | |
| 40 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.79% | -0.09% | -10.75% | |
| 41 | INTC | Intel CORP | Stock-Tech | 0.77% | +0.38% | -36.34% | |
| 42 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.77% | +0.01% | — | |
| 43 | AMT | American Tower CORP | Stock-Real Estate | 0.77% | -0.29% | -21.28% | |
| 44 | CSCO | Cisco Systems Inc | Stock-Tech | 0.76% | +0.01% | -31.04% | |
| 45 | COF | Capital One Financial CORP | Stock-Financials | 0.74% | +0.20% | +28.49% | |
| 46 | ICLR | ICON Public Limited Company | Stock-Healthcare | 0.74% | +0.17% | -14.09% | |
| 47 | ABBV | Abbvie Inc | Stock-Healthcare | 0.71% | +0.04% | -5.48% | |
| 48 | CP | Canadian Pacific Kansas City | Stock-Industrials | 0.70% | +0.04% | — | |
| 49 | EQIX | Equinix Inc | Stock-Real Estate | 0.68% | +0.02% | — | |
| 50 | WBD | Warner Bros Discovery Inc | Stock-Comm Services | 0.68% | +0.12% | +29.50% |
1–50 of 174
Portfolio Performance
Performance for Q3 2026
+3.9%
Performance Last 4 Quarters
+13.9%
- Stdev
- +11.9%
- Beta
- +0.85
- Alpha
- -5.4%
- Max Drawdown
- -7.1%
- Annualized Perf
- +10.6%
- Batting Avg vs S&P
- +16.7%
- Sortino
- +1.49
- Stutzer
- +0.26
- Treynor
- +0.13
- Sterling
- +0.62
- Calmar
- +1.48
- Information Ratio
- -1.91
- Tracking Error
- +4.4%
- Stdev Down
- +7.2%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +16.9%
- Worst 12 Months
- +6.5%
- Efficiency Ratio
- +0.33
- Sharpe
- +0.9
- Stdev Sectors
- +7.4%
- Skewness
- -0.36
- Kurtosis
- +0.34
- Upside Potential
- +2.98
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Fisher Funds Management LTD's most significant position changes for 2026-06-30: New buy: Targa Resources CORP (TRGP); New buy: Hdfc Bank Ltd-adr (HDB); Sold out: Dollar General CORP (DG); Sold out: Adobe Inc (ADBE); New buy: Walmart Inc (WMT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.8% | +44.58% | Add |
| 2 | ASML | ASML Holding N.V. | +1% | +112.72% | Add |
| 3 | V | Visa Inc-class A Shares | +0.9% | +359.42% | Add |
| 4 | GOOGL | Alphabet Inc-cl A | +0.8% | +3.49% | Add |
| 5 | MU | Micron Technology Inc | +0.8% | -30.72% | Trim |
| 6 | SPGI | S&p Global Inc | +0.7% | +725.98% | Add |
| 7 | AAPL | Apple Inc | +0.7% | +22.20% | Add |
| 8 | TSM | Taiwan Semiconductor-sp Adr | +0.7% | +160.67% | Add |
| 9 | WMB | Williams Cos Inc | +0.6% | +87.28% | Add |
| 10 | TRGP | Targa Resources CORP | +0.6% | NEW | New buy |
| 11 | HDB | Hdfc Bank Ltd-adr | +0.5% | NEW | New buy |
| 12 | HUM | Humana Inc | +0.4% | -22.56% | Trim |
| 13 | INTC | Intel CORP | +0.4% | -36.34% | Trim |
| 14 | MSFT | Microsoft CORP | +0.3% | +7.13% | Add |
| 15 | LLY | Eli Lilly & Co | +0.2% | +38.27% | Add |
| 16 | COF | Capital One Financial CORP | +0.2% | +28.49% | Add |
| 17 | AWK | American Water Works Co Inc | +0.2% | +215.64% | Add |
| 18 | FND | Floor & Decor Holdings Inc-a | +0.2% | -1.60% | Trim |
| 19 | AXP | American Express Co | +0.2% | +14.18% | Add |
| 20 | ICLR | ICON Public Limited Company | +0.2% | -14.09% | Trim |
| 21 | UNH | Unitedhealth Group Inc | +0.2% | -5.48% | Trim |
| 22 | WMT | Walmart Inc | +0.1% | NEW | New buy |
| 23 | AMD | Advanced Micro Devices | +0.1% | +55.87% | Add |
| 24 | AVGO | Broadcom Inc | +0.1% | -9.71% | Trim |
| 25 | WBD | Warner Bros Discovery Inc | +0.1% | +29.50% | Add |
| 26 | URI | United Rentals Inc | +0.1% | -11.44% | Trim |
| 27 | GOOG | Alphabet Inc-cl C | +0.1% | — | Unchanged |
| 28 | JPM | Jpmorgan Chase & Co | +0.1% | +0.00% | Add |
| 29 | COST | Costco Wholesale CORP | +0.1% | NEW | New buy |
| 30 | ✓ | +0.1% | NEW | New buy | |
| 31 | CVS | Cvs Health CORP | +0.1% | -5.48% | Trim |
| 32 | DELL | Dell Technologies -c | +0.1% | — | Unchanged |
| 33 | VST | Vistra CORP | +0.1% | +7.76% | Add |
| 34 | NUE | Nucor CORP | +0.1% | -11.27% | Trim |
| 35 | LRCX | Lam Research CORP | +0.1% | -41.39% | Trim |
| 36 | TXN | Texas Instruments Inc | +0.1% | NEW | New buy |
| 37 | BNY | Bank Of New York Mellon CORP | +0.1% | -5.48% | Trim |
| 38 | CP | Canadian Pacific Kansas City | 0% | — | Unchanged |
| 39 | ABBV | Abbvie Inc | 0% | -5.48% | Trim |
| 40 | ELV | Elevance Health Inc | 0% | — | Unchanged |
| 41 | KLAC | Kla CORP | 0% | +900.00% | Add |
| 42 | KO | Coca-cola Co/the | 0% | NEW | New buy |
| 43 | KEYS | Keysight Technologies In | 0% | — | Unchanged |
| 44 | AMAT | Applied Materials Inc | 0% | -49.77% | Trim |
| 45 | IBM | Intl Business Machines CORP | 0% | -5.48% | Trim |
| 46 | BAC | Bank Of America CORP | 0% | — | Unchanged |
| 47 | HPE | Hewlett Packard Enterprise | 0% | — | Unchanged |
| 48 | PNC | Pnc Financial Services Group | 0% | — | Unchanged |
| 49 | EBAY | Ebay Inc | 0% | -5.48% | Trim |
| 50 | C | Citigroup Inc | 0% | +38.96% | Add |
1–50 of 177
Filing History
FAQ
What is Fisher Funds Management LTD and what type of investor is it?
Fisher Funds Management LTD is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $3.5B, spread across 174 disclosed positions.
What are Fisher Funds Management LTD's largest equity positions?
Based on the latest 13F filing, Fisher Funds Management LTD's top holdings by market value are:
1. Microsoft CORP (MSFT) — $210.7M (6.0%)
2. Nvidia CORP (NVDA) — $164.8M (4.7%)
3. Amazon.com Inc (AMZN) — $142.4M (4.0%)
4. Alphabet Inc-cl A (GOOGL) — $135.1M (3.8%)
5. Meta Platforms Inc-class A (META) — $100.8M (2.9%)
What changes did Fisher Funds Management LTD make in its most recent portfolio filing?
In the latest reported quarter, Fisher Funds Management LTD made 113 notable position adjustments: 8 new positions were initiated, 26 existing holdings were added to, 76 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Targa Resources CORP (TRGP); New buy: Hdfc Bank Ltd-adr (HDB); Sold out: Dollar General CORP (DG); Sold out: Adobe Inc (ADBE); New buy: Walmart Inc (WMT)
What sectors does Fisher Funds Management LTD focus on?
Fisher Funds Management LTD is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 26.2%
• Financials: 16.2%
• Health Care: 15.6%
• Communication Services: 10.9%
• Consumer Discretionary: 9.8%
• Industrials: 7.8%
Investment Profile
Fisher Funds Management LTD returned an annualized 10.6% over the trailing 18 months — underperforming the S&P 500 by 5.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.85 (less volatile than the market) and a 17% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its MU position over the past two quarters (+$27.2M, now $46.9M), while trimming CRM over the same stretch (-$54.0M, still holding $21.0M).
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