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Fisher Funds Management LTD

PO BOX 33549 TAKAPUNA, AUCKLAND, Q2 0622 • 649 445 3377

Q1 2026 · Filed 2026-04-16
Market Value
$3.4B
-11.9%
Holdings
168
+4
New Purchases
5
Added To
24
Closed
2
Reduced
62
Top 10 Concentration
30.3%
Turnover
4.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MELI 1.81% 0.25% +1.56% $61M
UBER 1.67% 0.25% +1.43% $57M
NFLX 2.35% 1.52% +0.82% $79M
BSX 1.60% 0.92% +0.67% $54M
VST 0.62% 0.03% +0.60% $21M
COF 0.55% 0.04% +0.51% $18M
EFX 1.21% 0.73% +0.48% $41M
AXP 0.75% 0.35% +0.40% $26M
AJG 1.33% 0.94% +0.39% $45M
MCK 1.12% 0.75% +0.37% $38M
DG 0.37% 0.00% +0.37% $13M
NVDA 2.94% 2.63% +0.31% $99M
NEE 1.60% 1.30% +0.30% $54M
ISRG 1.94% 1.64% +0.29% $66M
KMI 1.29% 1.00% +0.29% $44M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ICLR 0.57% 2.43% -1.86% $19M
CRM 0.74% 1.95% -1.21% $25M
IT 0.05% 1.07% -1.02% $2M
TEAM 0.45% 1.42% -0.97% $15M
NKE 0.00% 0.91% -0.91% $0
COST 0.00% 0.71% -0.71% $0
ODFL 1.59% 2.21% -0.63% $54M
ASML 0.47% 1.00% -0.53% $16M
GOOGL 3.10% 3.59% -0.49% $105M
EW 1.23% 1.70% -0.47% $42M
DXCM 1.69% 2.11% -0.42% $57M
AAPL 1.95% 2.37% -0.42% $66M
UNP 0.28% 0.69% -0.41% $10M
MLM 0.55% 0.94% -0.39% $19M
DHR 2.01% 2.37% -0.36% $68M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 22.1%
Healthcare 18.9%
Financial Services 15.2%
Communication Services 11.3%
Consumer Cyclical 9.5%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 43 $1.4B 41.8%
Large Cap 117 $1.8B 54.5%
Mid Cap 7 $116M 3.4%
Micro Cap 1 $9M 0.3%

Portfolio Analytics

Avg Market Cap
$323.8B
Median Market Cap
$85.7B
Avg P/E
29.3
Median P/E
25.4
Avg Dividend Yield
0.02%
Avg Beta
1.02
# Stocks
168
# ETFs / Funds
0

Top Holdings (168 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 5.77% 527,159 $195M $370.17 -$21M +81,500 +18.3%
2 AMZN 4.27% 693,708 $145M $208.31 -$13M +10,511 +1.5%
3 GOOGL 3.10% 365,199 $105M $287.56 -$33M -75,325 -17.1%
4 META 3.07% 181,787 $104M $572.13 -$14M +3,256 +1.8%
5 NVDA 2.94% 569,809 $99M $174.44 -$2M +31,330 +5.8%
6 MA 2.89% 195,699 $98M $499.72 -$4M +18,396 +10.4%
7 NFLX 2.35% 825,858 $79M $96.12 $21M +202,963 +32.6%
8 DHR 2.01% 358,885 $68M $189.60 -$23M -38,830 -9.8%
9 AAPL 1.95% 260,471 $66M $253.79 -$25M -74,314 -22.2%
10 ISRG 1.94% 142,156 $66M $460.99 $2M +31,392 +28.3%
11 MELI 1.81% 35,471 $61M $1,729.02 $52M +30,716 +646.0%
12 MSCI 1.74% 109,160 $59M $539.01 -$7M -4,573 -4.0%
13 ZTS 1.72% 491,051 $58M $118.21 -$14M -78,215 -13.7%
14 DXCM 1.69% 910,584 $57M $62.80 -$24M -308,264 -25.3%
15 AVGO 1.69% 184,521 $57M $309.66 -$21M -40,523 -18.0%
16 UBER 1.67% 788,026 $57M $71.93 $47M +672,858 +584.2%
17 FND 1.63% 1,086,888 $55M $50.83 $744K +195,952 +22.0%
18 NEE 1.60% 582,884 $54M $92.88 $4M -36,756 -5.9%
19 BSX 1.60% 860,964 $54M $62.75 $19M +490,387 +132.3%
20 ODFL 1.59% 274,549 $54M $195.40 -$31M -264,250 -49.0%
21 HCA 1.37% 97,979 $46M $473.00 $3M +5,223 +5.6%
22 AJG 1.33% 207,219 $45M $216.58 $9M +69,379 +50.3%
23 JPM 1.32% 151,952 $45M $294.16 -$20M -47,234 -23.7%
24 KMI 1.29% 1,297,651 $44M $33.53 $5M -97,618 -7.0%
25 EW 1.23% 519,594 $42M $80.08 -$24M -242,305 -31.8%
26 EFX 1.21% 226,651 $41M $180.07 $13M +98,497 +76.9%
27 CMS 1.21% 525,747 $41M $77.58 $5M +17,189 +3.4%
28 KKR 1.17% 427,156 $40M $92.50 -$10M +36,269 +9.3%
29 MCK 1.12% 43,890 $38M $865.36 $9M +8,921 +25.5%
30 AMT 1.07% 209,470 $36M $172.58 -$15M -78,211 -27.2%
31 TW 1.06% 303,799 $36M $117.66 -$2M -44,581 -12.8%
32 PGR 1.04% 178,334 $35M $198.24 -$948K +19,918 +12.6%
33 FERG 1.01% 147,016 $34M $233.26 -$2M -13,412 -8.4%
34 WCN 0.94% 196,508 $32M $162.44 $4M +36,895 +23.1%
35 JNJ 0.89% 123,343 $30M $244.44 -$2M -32,710 -21.0%
36 AMAT 0.82% 81,063 $28M $341.79 $7M
37 BRK-B 0.76% 54,037 $26M $479.11 -$7M -10,748 -16.6%
38 AXP 0.75% 84,377 $26M $302.45 $12M +48,121 +132.7%
39 CSCO 0.75% 328,629 $25M $77.57 -$6M -81,193 -19.8%
40 CRM 0.74% 134,513 $25M $186.67 -$50M -147,952 -52.4%
41 PAC 0.73% 99,446 $25M $246.87 -$1M
42 WMB 0.72% 333,234 $24M $72.78 $4M
43 ABBV 0.68% 105,518 $23M $217.49 -$7M -23,961 -18.5%
44 EQIX 0.67% 23,071 $23M $980.24 $5M +568 +2.5%
45 T 0.63% 741,432 $21M $28.97 $342K -105,925 -12.5%
46 VST 0.62% 140,089 $21M $150.33 $20M +133,755 +2111.7%
47 CCI 0.59% 243,881 $20M $81.31 -$8M -72,133 -22.8%
48 MU 0.59% 58,643 $20M $337.67 $118K -10,319 -15.0%
49 ICLR 0.57% 174,291 $19M $110.66 -$74M -338,811 -66.0%
50 WBD 0.56% 694,932 $19M $27.45 -$968K
51 VZ 0.56% 375,497 $19M $50.20 $3M
52 GOOG 0.55% 65,328 $19M $286.90 -$6M -14,741 -18.4%
53 MLM 0.55% 31,643 $19M $588.68 -$18M -26,307 -45.4%
54 HUM 0.55% 106,667 $18M $173.39 -$11M -6,800 -6.0%
55 COF 0.55% 101,321 $18M $182.43 $17M +95,487 +1636.7%
56 MRK 0.54% 151,132 $18M $120.29 -$2M -39,106 -20.6%
57 ORCL 0.54% 123,319 $18M $147.13 -$11M -23,259 -15.9%
58 HD 0.51% 51,973 $17M $328.89 -$5M -12,329 -19.2%
59 OMAB 0.50% 148,551 $17M $114.73 $4M +24,583 +19.8%
60 IBM 0.50% 69,135 $17M $242.43 -$6M -6,204 -8.2%
61 ASML 0.47% 12,118 $16M $1,321.14 -$22M -23,787 -66.2%
62 STLD 0.47% 88,464 $16M $180.00 -$2M -16,077 -15.4%
63 ASR 0.46% 45,902 $15M $336.13 $680K
64 DE 0.46% 27,369 $15M $563.30 -$11M -28,747 -51.2%
65 PG 0.46% 106,656 $15M $144.44 -$1M -9,588 -8.2%
66 TEAM 0.45% 222,613 $15M $68.25 -$39M -111,398 -33.4%
67 BK 0.43% 121,682 $14M $118.63 $264K
68 EPD 0.40% 359,963 $14M $37.84 $2M
69 PH 0.40% 15,127 $14M $895.24 -$1M -1,612 -9.6%
70 INTC 0.40% 304,713 $13M $44.13 $2M
71 UNH 0.39% 48,730 $13M $270.59 -$3M
72 NUE 0.39% 77,627 $13M $169.10 $528K
73 DG 0.37% 105,665 $13M $118.73 +105,665 NEW
74 QCOM 0.37% 96,161 $12M $128.78 -$4M
75 URI 0.36% 16,774 $12M $728.56 -$3M -1,765 -9.5%
76 LRCX 0.34% 53,433 $11M $213.66 $2M
77 PPL 0.32% 285,798 $11M $38.20 -$496K -38,956 -12.0%
78 LOW 0.31% 45,113 $11M $236.28 -$2M -5,782 -11.4%
79 EXC 0.31% 216,711 $11M $49.02 $1M
80 ADI 0.31% 32,967 $10M $318.14 $2M
81 AFL 0.29% 89,565 $10M $109.71 -$84K
82 PFE 0.28% 343,247 $10M $28.08 -$368K -57,887 -14.4%
83 LLY 0.28% 10,451 $10M $919.77 -$2M
84 UNP 0.28% 39,150 $10M $242.67 -$17M -75,979 -66.0%
85 AMP 0.28% 21,374 $9M $444.40 -$1M
86 F-PD 0.28% 816,282 $9M $11.54 -$1M
87 MDLZ 0.28% 162,752 $9M $57.64 -$823K -25,982 -13.8%
88 ALL 0.28% 45,167 $9M $207.34 -$2M -7,127 -13.6%
89 DRTSW 0.28% 166,836 $9M $56.03 $289K
90 ATO 0.27% 49,500 $9M $184.72 $847K
91 AMGN 0.27% 25,650 $9M $351.85 -$758K -4,191 -14.0%
92 CMCSA 0.26% 311,422 $9M $28.71 -$372K
93 TYL 0.26% 25,778 $9M $342.38 +25,778 NEW
94 CI 0.26% 32,735 $9M $266.75 -$305K
95 TSM 0.25% 25,311 $9M $337.95 +25,311 NEW
96 GILD 0.25% 59,571 $8M $139.37 $973K
97 ADBE 0.25% 34,152 $8M $243.08 -$11M -19,658 -36.5%
98 NEM 0.24% 74,619 $8M $108.25 $619K
99 WAB 0.24% 32,238 $8M $249.91 $1M
100 BAC 0.23% 162,734 $8M $48.75 -$1M

New Positions

SymbolValue% Port
DG $13M 0.37%
TYL $9M 0.26%
TSM $9M 0.25%
WAT $667K 0.02%
VSNTV $461K 0.01%

Sold Out Positions

SymbolValue% Port
NKE —%
COST —%
View SEC EDGAR Filings for Fisher Funds Management LTD →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms