13F HOLDINGS REPORT
Fisher Funds Management LTD
Quarter ended Q2 2025 · Filed August 4, 2025 · Accession 0001435028-25-000005
Total Value
$4.21B
Positions
168
Other Managers
0
Confidential Omitted
No
Holdings (168)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 496,219 | $246.8M | 5.86% |
| 2 | AMAZON COM INC | AMZN | 1,014,155 | $222.5M | 5.28% |
| 3 | ALPHABET INC | GOOG | 983,825 | $173.4M | 4.11% |
| 4 | MASTERCARD INCORPORATED | MA | 269,165 | $151.3M | 3.59% |
| 5 | INTUITIVE SURGICAL INC | ISRG | 261,707 | $142.2M | 3.37% |
| 6 | META PLATFORMS INC | META | 175,699 | $129.7M | 3.08% |
| 7 | DANAHER CORPORATION | 235851102 | 652,472 | $128.9M | 3.06% |
| 8 | ASML HOLDING N V | ASMLF | 158,592 | $127.1M | 3.02% |
| 9 | FLOOR & DECOR HLDGS INC | FND | 1,519,717 | $115.4M | 2.74% |
| 10 | DEXCOM INC | DXCM | 1,308,249 | $114.2M | 2.71% |
| 11 | GARTNER INC | IT | 260,315 | $105.2M | 2.50% |
| 12 | BOSTON SCIENTIFIC CORP | BSX | 949,094 | $101.9M | 2.42% |
| 13 | NETFLIX INC | NFLX | 64,829 | $86.8M | 2.06% |
| 14 | SALESFORCE COM INC | CRM | 311,714 | $85.0M | 2.02% |
| 15 | EDWARD LIFESCIENCES CORP | EW | 948,161 | $74.2M | 1.76% |
| 16 | AVAGO TECHNOLOGIES LTD | AVGO | 268,074 | $73.9M | 1.75% |
| 17 | ZOETIS INC | ZTS | 449,503 | $70.1M | 1.66% |
| 18 | NVIDIA CORP | NVDA | 438,430 | $69.3M | 1.64% |
| 19 | APPLE INC | AAPL | 334,785 | $68.7M | 1.63% |
| 20 | AMERICAN TOWER CORP NEW | 03027X100 | 292,801 | $64.7M | 1.54% |
| 21 | MSCI INC | MSCI | 107,542 | $62.0M | 1.47% |
| 22 | ICON PLC | ICLR | 386,693 | $56.2M | 1.33% |
| 23 | KINDER MORGAN INC DEL | EP-PC | 1,903,915 | $56.0M | 1.33% |
| 24 | UNITEDHEALTH GROUP INC | UNH | 179,355 | $56.0M | 1.33% |
| 25 | ATLASSIAN CORP PLC | TEAM | 267,212 | $54.3M | 1.29% |
| 26 | CMS ENERGY CORP | CMS-PC | 780,606 | $54.1M | 1.28% |
| 27 | KKR & CO INC | KKRT | 391,800 | $52.1M | 1.24% |
| 28 | CANADIAN PAC RY LTD | CP | 609,481 | $48.3M | 1.15% |
| 29 | JPMORGAN CHASE & CO | VYLD | 144,193 | $41.8M | 0.99% |
| 30 | UNION PACIFIC CORP | UNP | 151,371 | $34.8M | 0.83% |
| 31 | NEXTERA ENERGY INC | NEE-PW | 484,407 | $33.6M | 0.80% |
| 32 | FERGUSON ENTERPRISES INC | FERG | 150,002 | $32.7M | 0.78% |
| 33 | ORACLE CORP | ORCL-PD | 146,578 | $32.0M | 0.76% |
| 34 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 64,785 | $31.5M | 0.75% |
| 35 | HCA HOLDINGS INC | HCA | 80,536 | $30.9M | 0.73% |
| 36 | CISCO SYS INC | CSCO | 427,712 | $29.7M | 0.70% |
| 37 | FISERV INC | FISV | 165,631 | $28.6M | 0.68% |
| 38 | MARTIN MARIETTA MATLS INC | 573284106 | 49,896 | $27.4M | 0.65% |
| 39 | GRUPO AEROPORTUARIO DEL CENT | 400501102 | 256,372 | $27.0M | 0.64% |
| 40 | EQUINIX INC | EQIX | 33,366 | $26.5M | 0.63% |
| 41 | TRADEWEB MKTS INC | 892672106 | 175,357 | $25.7M | 0.61% |
| 42 | AT&T INC | T-PC | 847,357 | $24.5M | 0.58% |
| 43 | ABBVIE INC | ABBV | 129,479 | $24.0M | 0.57% |
| 44 | COSTCO WHSL CORP NEW | 22160K105 | 24,254 | $24.0M | 0.57% |
| 45 | JOHNSON & JOHNSON | JNJ | 156,053 | $23.8M | 0.57% |
| 46 | HOME DEPOT INC | HD | 64,302 | $23.6M | 0.56% |
| 47 | NIKE INC | NKE | 327,467 | $23.3M | 0.55% |
| 48 | INTERNATIONAL BUSINESS MACHS | INTR | 75,339 | $22.2M | 0.53% |
| 49 | PROGRESSIVE CORP OHIO | 743315103 | 83,005 | $22.2M | 0.53% |
| 50 | CROWN CASTLE INC | CCI | 212,193 | $21.8M | 0.52% |
| 51 | GALLAGHER ARTHUR J & CO | 363576109 | 65,466 | $21.0M | 0.50% |
| 52 | WILLIAMS COS INC | 969457100 | 333,234 | $20.9M | 0.50% |
| 53 | DEERE & CO | DE | 38,164 | $19.4M | 0.46% |
| 54 | PROCTER & GAMBLE CO | 742718109 | 116,244 | $18.5M | 0.44% |
| 55 | ADOBE INC | ADBE | 46,446 | $18.0M | 0.43% |
| 56 | VERIZON COMMUNICATIONS INC | VZ | 375,497 | $16.2M | 0.39% |
| 57 | QUALCOMM INC | QCOM | 96,161 | $15.3M | 0.36% |
| 58 | MERCK & CO INC | MRK | 190,238 | $15.1M | 0.36% |
| 59 | ALPHABET INC | GOOG | 84,674 | $15.0M | 0.36% |
| 60 | APPLIED MATLS INC | 038222105 | 81,063 | $14.8M | 0.35% |
| 61 | INSTALLED BLDG PRODS INC | 45780R101 | 80,736 | $14.6M | 0.35% |
| 62 | UNITED RENTALS INC | URI | 18,539 | $14.0M | 0.33% |
| 63 | HUMANA INC | HUM | 55,415 | $13.5M | 0.32% |
| 64 | ENTERPRISE PRODS PARTNERS L | 293792107 | 432,735 | $13.4M | 0.32% |
| 65 | STEEL DYNAMICS INC | STLD | 104,541 | $13.4M | 0.32% |
| 66 | EMERSON ELEC CO | EMR | 98,998 | $13.2M | 0.31% |
| 67 | MONDELEZ INTL INC | 609207105 | 188,734 | $12.7M | 0.30% |
| 68 | PARKER HANNIFIN CORP | PH | 16,739 | $11.7M | 0.28% |
| 69 | GRUPO AEROPORTUARIO DEL SURE | 40051E202 | 35,868 | $11.4M | 0.27% |
| 70 | AMERIPRISE FINL INC | 03076C106 | 21,374 | $11.4M | 0.27% |
| 71 | LOWES COS INC | 548661107 | 50,895 | $11.3M | 0.27% |
| 72 | COMCAST CORP NEW | CCZ | 311,422 | $11.1M | 0.26% |
| 73 | BANK NEW YORK MELLON CORP | 064058100 | 121,682 | $11.1M | 0.26% |
| 74 | PPL CORP | PPLC | 324,754 | $11.0M | 0.26% |
| 75 | WASTE CONNECTIONS INC | WCN | 58,411 | $10.9M | 0.26% |
| 76 | CIGNA CORPORATION | 125523100 | 32,735 | $10.8M | 0.26% |
| 77 | ALLSTATE CORP | ALL-PJ | 52,294 | $10.5M | 0.25% |
| 78 | NUCOR CORP | NUE | 77,627 | $10.1M | 0.24% |
| 79 | AMERICAN WTR WKS CO INC NEW | 030420103 | 70,789 | $9.8M | 0.23% |
| 80 | PFIZER INC | PFE | 401,134 | $9.7M | 0.23% |
| 81 | MCKESSON CORP | MCK | 13,118 | $9.6M | 0.23% |
| 82 | ABBOTT LABS | ABLZF | 70,035 | $9.5M | 0.23% |
| 83 | AFLAC INC | AFL | 89,565 | $9.4M | 0.22% |
| 84 | EXELON CORP | EXC | 216,711 | $9.4M | 0.22% |
| 85 | VISA INC | V | 25,796 | $9.2M | 0.22% |
| 86 | FORD MTR CO | 345370860 | 816,282 | $8.9M | 0.21% |
| 87 | MICRON TECHNOLOGY INC | MU | 68,962 | $8.5M | 0.20% |
| 88 | ELEVANCE HEALTH INC | ELV | 21,492 | $8.4M | 0.20% |
| 89 | AMGEN INC | AMGN | 29,841 | $8.3M | 0.20% |
| 90 | AMRIZE LTD | DRTSW | 166,836 | $8.3M | 0.20% |
| 91 | LILLY ELI & CO | LLY | 10,451 | $8.1M | 0.19% |
| 92 | WARNER BROS DISCOVERY INC | WBD | 694,932 | $8.0M | 0.19% |
| 93 | ANALOG DEVICES INC | ADI | 32,967 | $7.8M | 0.19% |
| 94 | BANK AMER CORP | 060505104 | 162,734 | $7.7M | 0.18% |
| 95 | ATMOS ENERGY CORP | ATO | 49,500 | $7.6M | 0.18% |
| 96 | CBRE GROUP INC | CBRE | 50,913 | $7.1M | 0.17% |
| 97 | CVS HEALTH CORP | CVS | 103,095 | $7.1M | 0.17% |
| 98 | CRH PLC | CRH | 74,967 | $6.9M | 0.16% |
| 99 | INTEL CORP | INTC | 304,713 | $6.8M | 0.16% |
| 100 | WABTEC | 929740108 | 32,238 | $6.7M | 0.16% |
| 101 | TRAVELERS COMPANIES INC | TRV | 25,120 | $6.7M | 0.16% |
| 102 | GILEAD SCIENCES INC | GILD | 59,571 | $6.6M | 0.16% |
| 103 | JOHNSON CTLS INTL PLC | G51502105 | 57,672 | $6.1M | 0.14% |
| 104 | COCA-COLA EUROPACIFIC PARTNE | CCEP | 64,709 | $6.0M | 0.14% |
| 105 | TE CONNECTIVITY PLC | TEL | 35,377 | $6.0M | 0.14% |
| 106 | EVEREST GROUP LTD | EG | 17,313 | $5.9M | 0.14% |
| 107 | CF INDS HLDGS INC | 125269100 | 63,000 | $5.8M | 0.14% |
| 108 | VERTEX PHARMACEUTICALS INC | VRTX | 12,898 | $5.7M | 0.14% |
| 109 | NISOURCE INC | NI | 139,224 | $5.6M | 0.13% |
| 110 | EBAY INC | EBAY | 72,684 | $5.4M | 0.13% |
| 111 | LYONDELLBASELL INDUSTRIES N | LYB | 92,363 | $5.3M | 0.13% |
| 112 | PNC FINL SVCS GROUP INC | 693475105 | 28,263 | $5.3M | 0.13% |
| 113 | 3M CO | MMM | 34,510 | $5.3M | 0.12% |
| 114 | LAM RESEARCH CORP | LRCX | 53,433 | $5.2M | 0.12% |
| 115 | BLACKROCK INC | BLK | 4,897 | $5.1M | 0.12% |
| 116 | ARROW ELECTRS INC | 042735100 | 39,684 | $5.1M | 0.12% |
| 117 | FIDELITY NATL INFORMATION SV | FNF | 87,825 | $4.9M | 0.12% |
| 118 | SEMPRA ENERGY | SREA | 64,547 | $4.9M | 0.12% |
| 119 | MEDTRONIC PLC | MDT | 55,772 | $4.9M | 0.12% |
| 120 | S&P GLOBAL INC | SPGI | 8,667 | $4.6M | 0.11% |
| 121 | D R HORTON INC | 23331A109 | 34,418 | $4.4M | 0.11% |
| 122 | NEWMONT MINING CORP | NEMCL | 74,619 | $4.3M | 0.10% |
| 123 | HILTON WORLDWIDE HLDGS INC | HLT | 16,001 | $4.3M | 0.10% |
| 124 | SMURFIT WESTROCK PLC | SW | 93,963 | $4.1M | 0.10% |
| 125 | DUPONT DE NEMOURS INC | DD | 58,733 | $4.0M | 0.10% |
| 126 | KEYSIGHT TECHNOLOGIES INC | KEYS | 23,995 | $3.9M | 0.09% |
| 127 | CORPAY INC | CPAY | 11,751 | $3.9M | 0.09% |
| 128 | CATERPILLAR INC DEL | CAT | 10,023 | $3.9M | 0.09% |
| 129 | LINDE PLC | LIN | 7,991 | $3.7M | 0.09% |
| 130 | STELLANTIS N.V | STLA | 367,584 | $3.7M | 0.09% |
| 131 | ELECTRONIC ARTS INC | EA | 22,923 | $3.7M | 0.09% |
| 132 | CONSTELLATION BRANDS INC | STZ | 21,311 | $3.5M | 0.08% |
| 133 | DOVER CORP | DOV | 18,657 | $3.4M | 0.08% |
| 134 | CENTERPOINT ENERGY INC | CNP | 90,565 | $3.3M | 0.08% |
| 135 | CORTEVA INC | CTVA | 43,937 | $3.3M | 0.08% |
| 136 | ON SEMICONDUCTOR CORP | ON | 61,780 | $3.2M | 0.08% |
| 137 | UNITED PARCEL SERVICE INC | UPS | 31,258 | $3.2M | 0.07% |
| 138 | KEURIG DR PEPPER INC | KDP | 93,252 | $3.1M | 0.07% |
| 139 | DOW INC | DOW | 115,112 | $3.0M | 0.07% |
| 140 | TYSON FOODS INC | TSN | 53,316 | $3.0M | 0.07% |
| 141 | NORTHERN TR CORP | NTRSO | 22,827 | $2.9M | 0.07% |
| 142 | BECTON DICKINSON & CO | BDX | 16,545 | $2.8M | 0.07% |
| 143 | BLOCK INC | BSQKZ | 41,857 | $2.8M | 0.07% |
| 144 | DOLLAR TREE INC | DLTR | 28,626 | $2.8M | 0.07% |
| 145 | KIMBERLY CLARK CORP | KMB | 21,593 | $2.8M | 0.07% |
| 146 | INTL PAPER CO | 460146103 | 59,213 | $2.8M | 0.07% |
| 147 | BEST BUY INC | BBY | 41,103 | $2.8M | 0.07% |
| 148 | SEAGATE TECHNOLOGY PLC | SE | 18,225 | $2.6M | 0.06% |
| 149 | MOLINA HEALTHCARE INC | MOH | 8,810 | $2.6M | 0.06% |
| 150 | ESSEX PPTY TR INC | 297178105 | 9,159 | $2.6M | 0.06% |
| 151 | DISNEY WALT CO | 254687106 | 20,165 | $2.5M | 0.06% |
| 152 | F&G ANNUITIES & LIFE INC | FGSN | 78,135 | $2.5M | 0.06% |
| 153 | PAYPAL HLDGS INC | PYPL | 33,417 | $2.5M | 0.06% |
| 154 | SS&C TECHNOLOGIES HLDGS INC | SSNC | 28,099 | $2.3M | 0.06% |
| 155 | MOLSON COORS BREWING CO | TAP-A | 48,313 | $2.3M | 0.06% |
| 156 | NORFOLK SOUTHERN CORP | 655844108 | 8,885 | $2.3M | 0.05% |
| 157 | MCDONALDS CORP | MCD | 6,511 | $1.9M | 0.05% |
| 158 | EQUITY RESIDENTIAL | EQR | 27,824 | $1.9M | 0.04% |
| 159 | LKQ CORP | LKQ | 39,548 | $1.5M | 0.03% |
| 160 | INTERPUBLIC GROUP COS INC | INTR | 50,701 | $1.2M | 0.03% |
| 161 | F M C CORP | FMC | 27,002 | $1.1M | 0.03% |
| 162 | STANLEY BLACK & DECKER INC | SWK | 16,175 | $1.1M | 0.03% |
| 163 | CELANESE CORP DEL | CE | 19,499 | $1.1M | 0.03% |
| 164 | WALGREENS BOOTS ALLIANCE INC | 931427108 | 81,218 | $932,383 | 0.02% |
| 165 | CONAGRA BRANDS INC | CAG | 42,057 | $860,907 | 0.02% |
| 166 | LAMB WESTON HLDGS INC | LW | 14,834 | $769,143 | 0.02% |
| 167 | ORIGIN MATERIALS INC | OGN | 76,046 | $736,125 | 0.02% |
| 168 | SOLVENTUM CORP | SOLV | 7,161 | $543,090 | 0.01% |