Institutional Manager · CIK 0001435028
Fisher Funds Management LTD
AUCKLAND, Q2 · File #028-24725
Latest AUM
$3.87B
Positions
166
Top-10 Concentration
40.7%
Filings
5
Portfolio Value Over Time
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | INTUITIVE SURGICAL INC | ISRG | -125,251 | -$71.3M | +$28.8M |
| REDUCE | ALPHABET INC | GOOG | -217,574 | -$68.2M | +$46.3M |
| ADD | NETFLIX INC | NFLX | +588,000 | +$55.2M | -$38.6M |
| REDUCE | ASML HOLDING N V | ASMLF | -36,686 | -$39.3M | +$7.5M |
| ADD | META PLATFORMS INC | META | +59,245 | +$39.2M | -$8.8M |
| REDUCE | DANAHER CORPORATION | 235851102 | -139,548 | -$32.0M | +$16.7M |
| ADD | MICROSOFT CORP | MSFT | +65,771 | +$31.9M | -$12.6M |
| NEW | EQUIFAX INC | EFX | +128,154 | +$27.9M | $0 |
| ADD | NVIDIA CORP | NVDA | +146,320 | +$27.4M | +$390,199 |
| NEW | GRUPO AEROPUERTO DEL PACIFIC | 400506101 | +99,446 | +$25.9M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025166 pos · $3.87B
- 13F HOLDINGS REPORTQ/E Sep 2025160 pos · $3.79B
- 13F HOLDINGS REPORTQ/E Jun 2025168 pos · $4.21B
- 13F HOLDINGS REPORTQ/E Mar 2025164 pos · $4.12B
- 13F HOLDINGS REPORTQ/E Dec 2024164 pos · $4.15B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 445,659 | $216.0M | 7.37% |
| 2 | AMAZON COM INC | AMZN | 683,197 | $157.9M | 5.39% |
| 3 | ALPHABET INC | GOOG | 440,524 | $138.1M | 4.71% |
| 4 | META PLATFORMS INC | META | 178,531 | $118.0M | 4.03% |
| 5 | MASTERCARD INCORPORATED | MA | 177,303 | $101.6M | 3.47% |
| 6 | NVIDIA CORP | NVDA | 538,479 | $101.0M | 3.45% |
| 7 | ICON PLC | ICLR | 513,102 | $93.2M | 3.18% |
| 8 | DANAHER CORPORATION | 235851102 | 397,715 | $91.2M | 3.11% |
| 9 | APPLE INC | AAPL | 334,785 | $91.2M | 3.11% |
| 10 | OLD DOMINION FREIGHT LINE IN | ODFL | 538,799 | $85.0M | 2.90% |
| 11 | DEXCOM INC | DXCM | 1,218,848 | $81.1M | 2.77% |
| 12 | AVAGO TECHNOLOGIES LTD | AVGO | 225,044 | $78.2M | 2.67% |
| 13 | SALESFORCE COM INC | CRM | 282,465 | $74.9M | 2.56% |
| 14 | ZOETIS INC | ZTS | 569,266 | $71.8M | 2.45% |
| 15 | MSCI INC | MSCI | 113,733 | $65.6M | 2.24% |
| 16 | EDWARD LIFESCIENCES CORP | EW | 761,899 | $65.1M | 2.22% |
| 17 | JPMORGAN CHASE & CO | VYLD | 199,186 | $64.4M | 2.20% |
| 18 | INTUITIVE SURGICAL INC | ISRG | 110,764 | $63.1M | 2.15% |
| 19 | NETFLIX INC | NFLX | 622,895 | $58.5M | 2.00% |
| 20 | FLOOR & DECOR HLDGS INC | FND | 890,936 | $54.5M | 1.86% |