FF
Fisher Funds Management LTD 13F Filings Tracker & Latest Positions (Q3 2026)
Fisher Funds Management LTDCIK: 0001435028
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$3.4B
Reporting period: 2026-09-30 · Number of holdings: 170
Fisher Funds Management LTD disclosed 170 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $3.4B and a quarterly turnover rate of 34.7%.
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Personality snowflake
- Concentration
- 7.92
- Portfolio Stability
- 34.68
- Momentum
- 100
- Sector conviction
- 48.41
- Diversification
- 100
- Sizing Uniformity
- 84.58
Fisher Funds Management LTD's disclosed holdings carry a Herfindahl concentration index of 0.020 — mathematically equivalent to about 51 equally-sized positions, well below its 170 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 1.54), 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 AAPL
+39.9% $56.2M
Add NVDA
+11.2% $44.4M
Sold out MSCI
Trim MA
-53.0% -$44.6M
Trim FND
-53.2% -$40.6M
Sold out ZTS
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 | 6.25% | +0.26% | -25.89% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 6.09% | +1.40% | +11.23% | |
| 3 | AAPL | Apple Inc | Stock-Tech | 4.32% | +1.70% | +39.94% | |
| 4 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.86% | -0.19% | -10.79% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.78% | -0.06% | -0.21% | |
| 6 | META | Meta Platforms Inc-class A | Stock-Comm Services | 3.23% | +0.36% | -14.38% | |
| 7 | AVGO | Broadcom Inc | Stock-Tech | 2.42% | +0.63% | +42.40% | |
| 8 | NEE | Nextera Energy Inc | Stock-Utilities | 2.12% | +0.67% | +64.81% | |
| 9 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.77% | +0.36% | +21.32% | |
| 10 | WMB | Williams Cos Inc | Stock-Energy | 1.58% | +0.26% | +28.30% | |
| 11 | AJG | Arthur J Gallagher & Co | Stock-Financials | 1.57% | +0.39% | +30.68% | |
| 12 | SPGI | S&p Global Inc | Stock-Financials | 1.55% | +0.72% | +88.64% | |
| 13 | V | Visa Inc-class A Shares | Stock-Financials | 1.48% | +0.32% | +19.23% | |
| 14 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.39% | +0.49% | +58.32% | |
| 15 | AXP | American Express Co | Stock-Financials | 1.35% | +0.42% | +58.57% | |
| 16 | MA | Mastercard Inc - A | Stock-Financials | 1.32% | -1.24% | -52.98% | |
| 17 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.25% | +0.76% | +157.29% | |
| 18 | WBD | Warner Bros Discovery Inc | Stock-Comm Services | 1.24% | +0.56% | +53.36% | |
| 19 | KKR | Kkr & Co Inc | Stock-Financials | 1.21% | +0.36% | +39.55% | |
| 20 | TRGP | Targa Resources CORP | Stock-Energy | 1.18% | +0.61% | +99.94% | |
| 21 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 1.09% | -0.25% | -22.07% | |
| 22 | MU | Micron Technology Inc | Stock-Tech | 1.07% | -0.26% | -14.81% | |
| 23 | UBER | Uber Technologies Inc | Stock-Industrials | 1.07% | -0.34% | -21.85% | |
| 24 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 1.02% | -0.72% | -43.55% | |
| 25 | DHR | Danaher CORP | Stock-Healthcare | 1.02% | -0.56% | -45.86% | |
| 26 | HUM | Humana Inc | Stock-Healthcare | 0.99% | +0.06% | +7.68% | |
| 27 | MLM | Martin Marietta Materials | Stock-Materials | 0.97% | +0.45% | +118.88% | |
| 28 | NFLX | Netflix Inc | Stock-Comm Services | 0.93% | -0.48% | -33.62% | |
| 29 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.92% | +0.13% | +8.45% | |
| 30 | ASML | ASML Holding N.V. | Stock-Tech | 0.88% | -0.58% | -34.95% | |
| 31 | FERG | Ferguson Enterprises Inc | Stock-Industrials | 0.86% | -0.05% | -1.41% | |
| 32 | PAC | Grupo Aeroportuario Pac-adr | Stock-Other | 0.85% | +0.24% | +67.91% | |
| 33 | TYL | Tyler Technologies Inc | Stock-Tech | 0.84% | +0.63% | +250.95% | |
| 34 | ABBV | Abbvie Inc | Stock-Healthcare | 0.83% | +0.12% | +9.22% | |
| 35 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.83% | +0.06% | +5.55% | |
| 36 | EQIX | Equinix Inc | Stock-Real Estate | 0.82% | +0.14% | +20.75% | |
| 37 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.81% | +0.15% | +24.55% | |
| 38 | DXCM | Dexcom Inc | Stock-Healthcare | 0.77% | -0.84% | -63.74% | |
| 39 | TW | Tradeweb Markets Inc-class A | Stock-Financials | 0.74% | -0.11% | -16.21% | |
| 40 | CRM | Salesforce Inc | Stock-Tech | 0.74% | +0.14% | -17.58% | |
| 41 | PGR | Progressive CORP | Stock-Financials | 0.72% | -0.23% | -22.50% | |
| 42 | CP | Canadian Pacific Kansas City | Stock-Industrials | 0.71% | +0.01% | — | |
| 43 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.70% | +0.15% | +9.26% | |
| 44 | AMT | American Tower CORP | Stock-Real Estate | 0.69% | -0.08% | -11.81% | |
| 45 | NU | Nu Holdings Ltd. | Stock-Financials | 0.67% | +0.67% | NEW | |
| 46 | FND | Floor & Decor Holdings Inc-a | Stock-Consumer Disc | 0.67% | -1.13% | -53.19% | |
| 47 | CMS | Cms Energy CORP | Stock-Utilities | 0.65% | -0.28% | -17.67% | |
| 48 | INTC | Intel CORP | Stock-Tech | 0.64% | -0.13% | -5.16% | |
| 49 | CSCO | Cisco Systems Inc | Stock-Tech | 0.59% | -0.17% | -16.77% | |
| 50 | KMI | Kinder Morgan, Inc. | Stock-Energy | 0.56% | -0.26% | -28.34% |
1–50 of 170
Portfolio Performance
Performance for Q4 2026
+3.4%
Performance Last 4 Quarters
+10.1%
- Stdev
- +11.7%
- Beta
- +0.86
- Alpha
- -6.3%
- Max Drawdown
- -7.2%
- Annualized Perf
- +9.3%
- Batting Avg vs S&P
- +20%
- Sortino
- +1.33
- Stutzer
- +0.24
- Treynor
- +0.11
- Sterling
- +0.54
- Calmar
- +1.29
- Information Ratio
- -2.05
- Tracking Error
- +4.3%
- Stdev Down
- +7.2%
- Winning Months %
- +60%
- Losing Months %
- +40%
- Best 12 Months
- +16.9%
- Worst 12 Months
- +6.5%
- Efficiency Ratio
- +0.3
- Sharpe
- +0.82
- Stdev Sectors
- +8%
- Skewness
- -0.32
- Kurtosis
- +0.29
- Upside Potential
- +2.91
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 2026-09-30: Sold out: Msci Inc (MSCI); Sold out: Zoetis Inc (ZTS); Sold out: ICON Public Limited Company (ICLR); New buy: Nu Holdings Ltd. (NU); Sold out: Crown Castle Inc (CCI).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | +1.7% | +39.94% | Add |
| 2 | NVDA | Nvidia CORP | +1.4% | +11.23% | Add |
| 3 | LLY | Eli Lilly & Co | +0.8% | +157.29% | Add |
| 4 | SPGI | S&p Global Inc | +0.7% | +88.64% | Add |
| 5 | NU | Nu Holdings Ltd. | +0.7% | NEW | New buy |
| 6 | NEE | Nextera Energy Inc | +0.7% | +64.81% | Add |
| 7 | TYL | Tyler Technologies Inc | +0.6% | +250.95% | Add |
| 8 | AVGO | Broadcom Inc | +0.6% | +42.40% | Add |
| 9 | TRGP | Targa Resources CORP | +0.6% | +99.94% | Add |
| 10 | WBD | Warner Bros Discovery Inc | +0.6% | +53.36% | Add |
| 11 | CMG | Chipotle Mexican Grill Inc | +0.5% | NEW | New buy |
| 12 | TSM | Taiwan Semiconductor-sp Adr | +0.5% | +58.32% | Add |
| 13 | MLM | Martin Marietta Materials | +0.5% | +118.88% | Add |
| 14 | AXP | American Express Co | +0.4% | +58.57% | Add |
| 15 | AJG | Arthur J Gallagher & Co | +0.4% | +30.68% | Add |
| 16 | KKR | Kkr & Co Inc | +0.4% | +39.55% | Add |
| 17 | JPM | Jpmorgan Chase & Co | +0.4% | +21.32% | Add |
| 18 | META | Meta Platforms Inc-class A | +0.4% | -14.38% | Trim |
| 19 | V | Visa Inc-class A Shares | +0.3% | +19.23% | Add |
| 20 | WMB | Williams Cos Inc | +0.3% | +28.30% | Add |
| 21 | MSFT | Microsoft CORP | +0.3% | -25.89% | Trim |
| 22 | PAC | Grupo Aeroportuario Pac-adr | +0.2% | +67.91% | Add |
| 23 | IBP | Installed Building Products | +0.2% | +145.52% | Add |
| 24 | AMRZ | Amrize Ltd | +0.2% | NEW | New buy |
| 25 | GOOG | Alphabet Inc-cl C | +0.2% | +24.55% | Add |
| 26 | MRK | Merck & Co. Inc. | +0.2% | +9.26% | Add |
| 27 | CRM | Salesforce Inc | +0.1% | -17.58% | Trim |
| 28 | EQIX | Equinix Inc | +0.1% | +20.75% | Add |
| 29 | GE | General Electric | +0.1% | NEW | New buy |
| 30 | JNJ | Johnson & Johnson | +0.1% | +8.45% | Add |
| 31 | ABBV | Abbvie Inc | +0.1% | +9.22% | Add |
| 32 | COST | Costco Wholesale CORP | +0.1% | +148.70% | Add |
| 33 | KO | Coca-cola Co/the | +0.1% | +241.11% | Add |
| 34 | WMT | Walmart Inc | +0.1% | +86.45% | Add |
| 35 | NEM | Newmont CORP | +0.1% | +24.10% | Add |
| 36 | WFC | Wells Fargo & Co | +0.1% | +184.29% | Add |
| 37 | GS | Goldman Sachs Group Inc | +0.1% | +246.61% | Add |
| 38 | PFE | Pfizer Inc | +0.1% | +19.11% | Add |
| 39 | GILD | Gilead Sciences Inc | +0.1% | +20.14% | Add |
| 40 | AMGN | Amgen Inc | +0.1% | +16.50% | Add |
| 41 | PEP | Pepsico Inc | +0.1% | NEW | New buy |
| 42 | AMD | Advanced Micro Devices | +0.1% | +42.89% | Add |
| 43 | VZ | Verizon Communications Inc | +0.1% | +9.27% | Add |
| 44 | T | At&t Inc | +0.1% | — | Unchanged |
| 45 | MS | Morgan Stanley | +0.1% | +149.76% | Add |
| 46 | BLK | Blackrock Inc | +0.1% | +46.52% | Add |
| 47 | BDX | Becton Dickinson And Co | +0.1% | +60.44% | Add |
| 48 | DE | Deere & Co | +0.1% | +50.00% | Add |
| 49 | ABT | Abbott Laboratories | +0.1% | +26.97% | Add |
| 50 | MCK | Mckesson CORP | +0.1% | +9.18% | Add |
1–50 of 182
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 (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $3.4B, spread across 170 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) — $214.7M (6.3%)
2. Nvidia CORP (NVDA) — $209.3M (6.1%)
3. Apple Inc (AAPL) — $148.3M (4.3%)
4. Amazon.com Inc (AMZN) — $132.8M (3.9%)
5. Alphabet Inc-cl A (GOOGL) — $129.8M (3.8%)
What changes did Fisher Funds Management LTD make in its most recent portfolio filing?
In the latest reported quarter, Fisher Funds Management LTD made 137 notable position adjustments: 8 new positions were initiated, 82 existing holdings were added to, 35 positions were partially reduced, and 12 were completely exited. The largest of these moves: Sold out: Msci Inc (MSCI); Sold out: Zoetis Inc (ZTS); Sold out: ICON Public Limited Company (ICLR); New buy: Nu Holdings Ltd. (NU); Sold out: Crown Castle Inc (CCI)
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: 29.8%
• Financials: 16.5%
• Health Care: 12.7%
• Communication Services: 11.6%
• Consumer Discretionary: 8.5%
• Industrials: 5.9%
Investment Profile
Fisher Funds Management LTD returned an annualized 9.3% over the trailing 20 months — underperforming the S&P 500 by 6.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.86 (less volatile than the market) and a 20% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
It has added to its NVDA position over the past two quarters (+$109.9M, now $209.3M), while trimming MA over the same stretch (-$52.3M, still holding $45.5M).
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