13F HOLDINGS REPORT
Fisher Funds Management LTD
Quarter ended Q3 2025 · Filed October 29, 2025 · Accession 0001435028-25-000008
Total Value
$3.79B
Positions
160
Other Managers
0
Confidential Omitted
No
Holdings (160)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 379,888 | $196.8M | 5.20% |
| 2 | ALPHABET INC | GOOG | 658,098 | $160.0M | 4.22% |
| 3 | AMAZON COM INC | AMZN | 693,305 | $152.2M | 4.02% |
| 4 | MASTERCARD INCORPORATED | MA | 193,948 | $110.3M | 2.91% |
| 5 | DANAHER CORPORATION | 235851102 | 537,263 | $106.5M | 2.81% |
| 6 | INTUITIVE SURGICAL INC | ISRG | 236,015 | $105.6M | 2.79% |
| 7 | AVAGO TECHNOLOGIES LTD | AVGO | 268,074 | $88.4M | 2.34% |
| 8 | META PLATFORMS INC | META | 119,286 | $87.6M | 2.31% |
| 9 | APPLE INC | AAPL | 334,785 | $85.2M | 2.25% |
| 10 | ZOETIS INC | ZTS | 574,225 | $84.0M | 2.22% |
| 11 | DEXCOM INC | DXCM | 1,217,090 | $81.9M | 2.16% |
| 12 | FLOOR & DECOR HLDGS INC | FND | 1,023,727 | $75.4M | 1.99% |
| 13 | ICON PLC | ICLR | 431,083 | $75.4M | 1.99% |
| 14 | NVIDIA CORP | NVDA | 392,159 | $73.2M | 1.93% |
| 15 | ASML HOLDING N V | ASMLF | 72,591 | $70.3M | 1.86% |
| 16 | EDWARD LIFESCIENCES CORP | EW | 887,596 | $69.0M | 1.82% |
| 17 | OLD DOMINION FREIGHT LINE IN | ODFL | 468,469 | $66.0M | 1.74% |
| 18 | JPMORGAN CHASE & CO | VYLD | 199,186 | $62.8M | 1.66% |
| 19 | SALESFORCE COM INC | CRM | 238,846 | $56.6M | 1.49% |
| 20 | KKR & CO INC | KKRT | 430,075 | $55.9M | 1.48% |
| 21 | HCA HOLDINGS INC | HCA | 119,412 | $50.9M | 1.34% |
| 22 | ATLASSIAN CORP PLC | TEAM | 300,526 | $48.0M | 1.27% |
| 23 | BOSTON SCIENTIFIC CORP | BSX | 483,216 | $47.2M | 1.25% |
| 24 | AMERICAN TOWER CORP NEW | 03027X100 | 241,562 | $46.5M | 1.23% |
| 25 | NEXTERA ENERGY INC | NEE-PW | 598,931 | $45.2M | 1.19% |
| 26 | MSCI INC | MSCI | 78,653 | $44.6M | 1.18% |
| 27 | MARTIN MARIETTA MATLS INC | 573284106 | 68,811 | $43.4M | 1.15% |
| 28 | NETFLIX INC | NFLX | 34,895 | $41.8M | 1.10% |
| 29 | ORACLE CORP | ORCL-PD | 146,578 | $41.2M | 1.09% |
| 30 | UNITEDHEALTH GROUP INC | UNH | 117,641 | $40.6M | 1.07% |
| 31 | CMS ENERGY CORP | CMS-PC | 543,112 | $39.8M | 1.05% |
| 32 | KINDER MORGAN INC DEL | EP-PC | 1,395,269 | $39.5M | 1.04% |
| 33 | FISERV INC | FISV | 301,359 | $38.9M | 1.03% |
| 34 | CANADIAN PAC RY LTD | CP | 508,570 | $37.9M | 1.00% |
| 35 | TRADEWEB MKTS INC | 892672106 | 331,279 | $36.8M | 0.97% |
| 36 | FERGUSON ENTERPRISES INC | FERG | 160,428 | $36.0M | 0.95% |
| 37 | UNION PACIFIC CORP | UNP | 151,371 | $35.8M | 0.94% |
| 38 | GARTNER INC | IT | 128,383 | $33.7M | 0.89% |
| 39 | NIKE INC | NKE | 481,522 | $33.6M | 0.89% |
| 40 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 64,785 | $32.6M | 0.86% |
| 41 | ABBVIE INC | ABBV | 129,479 | $30.0M | 0.79% |
| 42 | CISCO SYS INC | CSCO | 427,712 | $29.3M | 0.77% |
| 43 | JOHNSON & JOHNSON | JNJ | 156,053 | $28.9M | 0.76% |
| 44 | GALLAGHER ARTHUR J & CO | 363576109 | 92,078 | $28.5M | 0.75% |
| 45 | ADOBE INC | ADBE | 79,948 | $28.2M | 0.74% |
| 46 | PROGRESSIVE CORP OHIO | 743315103 | 110,245 | $27.2M | 0.72% |
| 47 | COSTCO WHSL CORP NEW | 22160K105 | 28,826 | $26.7M | 0.70% |
| 48 | HOME DEPOT INC | HD | 64,302 | $26.1M | 0.69% |
| 49 | DEERE & CO | DE | 56,116 | $25.7M | 0.68% |
| 50 | AT&T INC | T-PC | 847,357 | $23.9M | 0.63% |
| 51 | INTERNATIONAL BUSINESS MACHS | INTR | 75,339 | $21.3M | 0.56% |
| 52 | WILLIAMS COS INC | 969457100 | 333,234 | $21.1M | 0.56% |
| 53 | HUMANA INC | HUM | 79,282 | $20.6M | 0.54% |
| 54 | ALPHABET INC | GOOG | 84,674 | $20.6M | 0.54% |
| 55 | CROWN CASTLE INC | CCI | 212,193 | $20.5M | 0.54% |
| 56 | PROCTER & GAMBLE CO | 742718109 | 116,244 | $17.9M | 0.47% |
| 57 | UNITED RENTALS INC | URI | 18,539 | $17.7M | 0.47% |
| 58 | INSTALLED BLDG PRODS INC | 45780R101 | 68,943 | $17.0M | 0.45% |
| 59 | APPLIED MATLS INC | 038222105 | 81,063 | $16.6M | 0.44% |
| 60 | VERIZON COMMUNICATIONS INC | VZ | 375,497 | $16.5M | 0.44% |
| 61 | EQUINIX INC | EQIX | 20,698 | $16.2M | 0.43% |
| 62 | QUALCOMM INC | QCOM | 96,161 | $16.0M | 0.42% |
| 63 | MERCK & CO INC | MRK | 190,238 | $16.0M | 0.42% |
| 64 | WASTE CONNECTIONS INC | WCN | 88,336 | $15.5M | 0.41% |
| 65 | STEEL DYNAMICS INC | STLD | 104,541 | $14.6M | 0.38% |
| 66 | WARNER BROS DISCOVERY INC | WBD | 694,932 | $13.6M | 0.36% |
| 67 | BANK NEW YORK MELLON CORP | 064058100 | 121,682 | $13.3M | 0.35% |
| 68 | GRUPO AEROPORTUARIO DEL SURE | 40051E202 | 40,654 | $13.1M | 0.35% |
| 69 | EMERSON ELEC CO | EMR | 98,998 | $13.0M | 0.34% |
| 70 | GRUPO AEROPORTUARIO DEL CENT | 400501102 | 123,968 | $12.9M | 0.34% |
| 71 | LOWES COS INC | 548661107 | 50,895 | $12.8M | 0.34% |
| 72 | PARKER HANNIFIN CORP | PH | 16,739 | $12.7M | 0.34% |
| 73 | PPL CORP | PPLC | 324,754 | $12.1M | 0.32% |
| 74 | MONDELEZ INTL INC | 609207105 | 188,734 | $11.8M | 0.31% |
| 75 | MICRON TECHNOLOGY INC | MU | 68,962 | $11.5M | 0.30% |
| 76 | ENTERPRISE PRODS PARTNERS L | 293792107 | 359,963 | $11.3M | 0.30% |
| 77 | ALLSTATE CORP | ALL-PJ | 52,294 | $11.2M | 0.30% |
| 78 | NUCOR CORP | NUE | 77,627 | $10.5M | 0.28% |
| 79 | AMERIPRISE FINL INC | 03076C106 | 21,374 | $10.5M | 0.28% |
| 80 | INTEL CORP | INTC | 304,713 | $10.2M | 0.27% |
| 81 | PFIZER INC | PFE | 401,134 | $10.2M | 0.27% |
| 82 | MCKESSON CORP | MCK | 13,118 | $10.1M | 0.27% |
| 83 | AFLAC INC | AFL | 89,565 | $10.0M | 0.26% |
| 84 | AMERICAN WTR WKS CO INC NEW | 030420103 | 70,789 | $9.9M | 0.26% |
| 85 | COMCAST CORP NEW | CCZ | 311,422 | $9.8M | 0.26% |
| 86 | FORD MTR CO | 345370860 | 816,282 | $9.8M | 0.26% |
| 87 | EXELON CORP | EXC | 216,711 | $9.8M | 0.26% |
| 88 | CIGNA CORPORATION | 125523100 | 32,735 | $9.4M | 0.25% |
| 89 | ABBOTT LABS | ABLZF | 70,035 | $9.4M | 0.25% |
| 90 | CRH PLC | CRH | 74,967 | $9.0M | 0.24% |
| 91 | VISA INC | V | 25,796 | $8.8M | 0.23% |
| 92 | ATMOS ENERGY CORP | ATO | 49,500 | $8.5M | 0.22% |
| 93 | AMGEN INC | AMGN | 29,841 | $8.4M | 0.22% |
| 94 | BANK AMER CORP | 060505104 | 162,734 | $8.4M | 0.22% |
| 95 | ANALOG DEVICES INC | ADI | 32,967 | $8.1M | 0.21% |
| 96 | AMRIZE LTD | DRTSW | 166,836 | $8.1M | 0.21% |
| 97 | CBRE GROUP INC | CBRE | 50,913 | $8.0M | 0.21% |
| 98 | LILLY ELI & CO | LLY | 10,451 | $8.0M | 0.21% |
| 99 | CVS HEALTH CORP | CVS | 103,095 | $7.8M | 0.21% |
| 100 | TE CONNECTIVITY PLC | TEL | 35,377 | $7.8M | 0.21% |
| 101 | LAM RESEARCH CORP | LRCX | 53,433 | $7.2M | 0.19% |
| 102 | TRAVELERS COMPANIES INC | TRV | 25,120 | $7.0M | 0.19% |
| 103 | ELEVANCE HEALTH INC | ELV | 21,492 | $6.9M | 0.18% |
| 104 | GILEAD SCIENCES INC | GILD | 59,571 | $6.6M | 0.17% |
| 105 | EBAY INC | EBAY | 72,684 | $6.6M | 0.17% |
| 106 | WABTEC | 929740108 | 32,238 | $6.5M | 0.17% |
| 107 | JOHNSON CTLS INTL PLC | G51502105 | 57,672 | $6.3M | 0.17% |
| 108 | NEWMONT MINING CORP | NEMCL | 74,619 | $6.3M | 0.17% |
| 109 | COCA-COLA EUROPACIFIC PARTNE | CCEP | 64,709 | $5.9M | 0.15% |
| 110 | D R HORTON INC | 23331A109 | 34,418 | $5.8M | 0.15% |
| 111 | SEMPRA ENERGY | SREA | 64,547 | $5.8M | 0.15% |
| 112 | BLACKROCK INC | BLK | 4,897 | $5.7M | 0.15% |
| 113 | PNC FINL SVCS GROUP INC | 693475105 | 28,263 | $5.7M | 0.15% |
| 114 | 3M CO | MMM | 34,510 | $5.4M | 0.14% |
| 115 | MEDTRONIC PLC | MDT | 55,772 | $5.3M | 0.14% |
| 116 | VERTEX PHARMACEUTICALS INC | VRTX | 12,898 | $5.1M | 0.13% |
| 117 | CATERPILLAR INC DEL | CAT | 10,023 | $4.8M | 0.13% |
| 118 | ELECTRONIC ARTS INC | EA | 22,923 | $4.6M | 0.12% |
| 119 | DUPONT DE NEMOURS INC | DD | 58,733 | $4.6M | 0.12% |
| 120 | LYONDELLBASELL INDUSTRIES N | LYB | 92,363 | $4.5M | 0.12% |
| 121 | ON SEMICONDUCTOR CORP | ON | 87,729 | $4.3M | 0.11% |
| 122 | S&P GLOBAL INC | SPGI | 8,667 | $4.2M | 0.11% |
| 123 | KEYSIGHT TECHNOLOGIES INC | KEYS | 23,995 | $4.2M | 0.11% |
| 124 | HILTON WORLDWIDE HLDGS INC | HLT | 16,001 | $4.2M | 0.11% |
| 125 | LINDE PLC | LIN | 7,991 | $3.8M | 0.10% |
| 126 | CORPAY INC | CPAY | 11,751 | $3.4M | 0.09% |
| 127 | DOVER CORP | DOV | 18,657 | $3.1M | 0.08% |
| 128 | BEST BUY INC | BBY | 41,103 | $3.1M | 0.08% |
| 129 | BECTON DICKINSON & CO | BDX | 16,545 | $3.1M | 0.08% |
| 130 | BLOCK INC | BSQKZ | 41,857 | $3.0M | 0.08% |
| 131 | CORTEVA INC | CTVA | 43,937 | $3.0M | 0.08% |
| 132 | TYSON FOODS INC | TSN | 53,316 | $2.9M | 0.08% |
| 133 | CONSTELLATION BRANDS INC | STZ | 21,311 | $2.9M | 0.08% |
| 134 | DOLLAR TREE INC | DLTR | 28,626 | $2.7M | 0.07% |
| 135 | KIMBERLY CLARK CORP | KMB | 21,593 | $2.7M | 0.07% |
| 136 | NORFOLK SOUTHERN CORP | 655844108 | 8,885 | $2.7M | 0.07% |
| 137 | DOW INC | DOW | 115,112 | $2.6M | 0.07% |
| 138 | UNITED PARCEL SERVICE INC | UPS | 31,258 | $2.6M | 0.07% |
| 139 | KEURIG DR PEPPER INC | KDP | 93,252 | $2.4M | 0.06% |
| 140 | DISNEY WALT CO | 254687106 | 20,165 | $2.3M | 0.06% |
| 141 | PAYPAL HLDGS INC | PYPL | 33,417 | $2.2M | 0.06% |
| 142 | MCDONALDS CORP | MCD | 6,511 | $2.0M | 0.05% |
| 143 | EQUITY RESIDENTIAL | EQR | 27,824 | $1.8M | 0.05% |
| 144 | MOLINA HEALTHCARE INC | MOH | 8,810 | $1.7M | 0.04% |
| 145 | VERTIV HOLDINGS CO | VRT | 9,298 | $1.4M | 0.04% |
| 146 | DELL TECHNOLOGIES INC | DELL | 9,862 | $1.4M | 0.04% |
| 147 | MARVELL TECHNOLOGY INC | MRVL | 16,453 | $1.4M | 0.04% |
| 148 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 19,810 | $1.4M | 0.04% |
| 149 | HEWLETT PACKARD ENTERPRISE C | HPE-PC | 53,694 | $1.3M | 0.03% |
| 150 | NXP SEMICONDUCTORS NV | NXPI | 5,775 | $1.3M | 0.03% |
| 151 | MORGAN STANLEY | MS-PQ | 8,134 | $1.3M | 0.03% |
| 152 | GOLDMAN SACHS GROUP INC | GSCE | 1,622 | $1.3M | 0.03% |
| 153 | WELLS FARGO CO NEW | 949746101 | 15,395 | $1.3M | 0.03% |
| 154 | ROYAL CARIBBEAN GROUP | V7780T103 | 3,971 | $1.3M | 0.03% |
| 155 | CITIGROUP INC | C-PR | 12,635 | $1.3M | 0.03% |
| 156 | DELTA AIR LINES INC DEL | DAL | 22,548 | $1.3M | 0.03% |
| 157 | VISTRA CORP | VST | 6,334 | $1.2M | 0.03% |
| 158 | CAPITAL ONE FINL CORP | 14040H105 | 5,834 | $1.2M | 0.03% |
| 159 | KLA CORP | KLAC | 978 | $1.1M | 0.03% |
| 160 | ADVANCED MICRO DEVICES | AMD | 6,519 | $1.1M | 0.03% |