Fisher Asset Management Q4 2025: $292.99B AUM With IEF as #3 Holding
Fisher Asset Management reported $292.99B in Q4 2025 13F AUM, combining mega-cap equities with a large IEF allocation.
Fisher Asset Management, LLC in Q4 2025
Fisher Asset Management, LLC reported $292.99B in 13F AUM for 2025Q4 with 500 disclosed positions.
Filer page: Fisher Asset Management, LLC. Related stock pages: NVDA AAPL IEF MSFT GOOGL AMZN.
Top holdings and concentration
The largest line item was NVDA at 5.49% ($16.05B). The top five accounted for 23.31% of the portfolio.
| Ticker | Value | Weight | Shares |
|---|---|---|---|
| NVDA | $16.05B | 5.49% | 86.06M |
| AAPL | $14.99B | 5.13% | 55.15M |
| IEF | $12.97B | 4.43% | 134.83M |
| MSFT | $12.24B | 4.18% | 25.30M |
| GOOGL | $11.93B | 4.08% | 38.11M |
AUM history
The AUM series moved from $214.1M (2024Q1) to $292.99B (2025Q4). Recent values were $251.9M, $276.3M, and $292.99B.
Why this matters
- Scale: $292.99B creates large dollar impact from small percentage shifts.
- Signal names: NVDA, AAPL, IEF, MSFT, GOOGL are the positions to monitor for persistence or rotation.
- Monitoring setup: Track both the filer page and linked stock pages to detect cross-quarter changes.
Continue tracking via the filer detail page and these stock pages: NVDA AAPL IEF MSFT GOOGL AMZN.
Senior Market Analyst at 13F Insight. Covers institutional portfolio strategy, 13F filings, and smart money trends.
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