Fisher Asset Management: full 13F, sectors and history

What changed this quarter

974 positions with a change (99 new, 342 added to, 456 trimmed, 77 sold); also, 2 entered through an IPO, 4 exited through an acquisition or merger, 3 entered through a spin-off. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• GE Aerospace+73,851%more sharesIncreased
  under 0.1% → 1.3%
• GE Vernova+90,036%more sharesIncreased
  under 0.1% → 1.2%
• Cisco Systems+93%more sharesIncreased
  0.5% → 1.2%
• Palo Alto Networks+2,143%more sharesIncreased
  under 0.1% → 0.6%
• Canadian Natural Resources−96%fewer sharesReduced
  0.7% → under 0.1%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• NVIDIANVDA5.4%
• AppleAAPL5.0%
• iShares 7-10 Year Treasury B ETFIEF4.5%
• AlphabetGOOGL · GOOG4.4%
• CaterpillarCAT3.2%
• MicrosoftMSFT3.0%
• ASML HoldingASML2.8%
• Taiwan Semiconductor ManufacturingTSM2.7%
• Amazon.comAMZN2.5%
• Vanguard Int-term Corporate ETFVCIT2.4%
• Goldman Sachs GroupGS2.1%
• Eli LillyLLY1.8%
• BroadcomAVGO1.7%
• JPMorgan ChaseJPM1.7%
• Morgan StanleyMS1.6%
• CitigroupC1.5%
• MerckMRK1.5%
• WalmartWMT1.4%
• RTXRTX1.3%
• GE AerospaceGE1.3%
• Exxon MobilXOM1.3%
• Freeport-McMoRanFCX1.3%
• GE VernovaGEV1.2%
• Cisco SystemsCSCO1.2%
• Meta PlatformsMETA1.1%
• UnitedHealth GroupUNH1.1%
• Home DepotHD1.1%
• Johnson & JohnsonJNJ1.0%
• Bank of AmericaBAC1.0%
• UBS GroupUBS1.0%
• American ExpressAXP0.9%
• Costco WholesaleCOST0.9%
• ChevronCVX0.8%
• PfizerPFE0.8%
• VisaV0.8%
• CumminsCMI0.8%
• BarclaysBCS0.8%
• BPBP0.7%
• NovartisNVS0.7%
• AbbVieABBV0.7%
• SAPSAP0.7%
• Sony GroupSONY0.7%
• MastercardMA0.7%
• ShellSHEL0.6%
• AstrazenecaAZN0.6%
• BHP GroupBHP0.6%
• Charles SchwabSCHW0.6%
• DeereDE0.6%
• Palo Alto NetworksPANW0.6%
• RIO TintoRIO0.6%
• Mitsubishi UFJ Financial GroupMUFG0.6%
• OracleORCL0.6%
• GSKGSK0.6%
• Union PacificUNP0.5%
• HSBC HoldingsHSBC0.5%
• Procter & GamblePG0.5%
• Johnson Controls InternationalJCI0.5%
• Intuitive SurgicalISRG0.5%
• UnileverUL0.4%
• Thermo Fisher ScientificTMO0.4%
• Royal Bank of CanadaRY0.4%
• NetflixNFLX0.4%
• iShares National Muni Bond E ETFMUB0.4%
• Emerson ElectricEMR0.4%
• BlackRockBLK0.4%
• CSXCSX0.4%
• BoeingBA0.4%
• StarbucksSBUX0.4%
• Spotify TechnologySPOT0.4%
• Toyota Motor Corp/TM0.4%
• PepsicoPEP0.3%
• Vanguard S&P 500 ETFVOO0.3%
• Illinois Tool WorksITW0.3%
• Anheuser-Busch InBevBUD0.3%
• Deutsche Bank AktiengesellschaftDB0.3%
• Carrier GlobalCARR0.3%
• Invesco QQQ Trust Series 1 ETFQQQ0.3%
• Capital One FinancialCOF0.3%
• DanaherDHR0.3%
• Trane TechnologiesTT0.3%
• Tidal Tr IVPBPH0.3%
• ServiceNowNOW0.2%
• iShares Msci Europe Financia ETFEUFN0.2%
• State Street Industrial Select Sector ETFXLI0.2%
• Vanguard Ftse Developed ETFVEA0.2%
• TotalEnergiesTTE0.2%
• PaccarPCAR0.2%
• iShares Global Industrials E ETFEXI0.2%
• SalesforceCRM0.2%
• Tidal Tr IVPBEU0.2%
• AmgenAMGN0.2%
• Ingersoll RandIR0.2%
• Coca-ColaKO0.2%
• Parker-hannifinPH0.2%
• iShares Global Consumer Stap ETFKXI0.1%
• Alibaba Group HoldingBABA0.1%
• Southern Copper Corp/SCCO0.1%
• Rockwell AutomationROK0.1%
• Banco SantanderSAN0.1%