---
title: "Fisher Asset Management Q4 2025: $292.99B AUM With IEF as #3 Holding"
type: research
slug: fisher-asset-management-q4-2025-equity-core-with-rate-hedge
canonical_url: https://13finsight.com/research/fisher-asset-management-q4-2025-equity-core-with-rate-hedge
published_at: 2026-03-29T09:40:45.310Z
updated_at: 2026-03-29T09:40:47.945Z
author: Marcus Chen
author_title: Senior Market Analyst
author_url: https://13finsight.com/authors/marcus-chen
word_count: 140
locale: en
source: 13F Insight
---

# 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. TickerValueWeightSharesNVDA$16.05B5.49%86.06MAAPL$14.99B5.13%55.15MIEF$12.97B4.43%134.83MMSFT$12.24B4.18%25.30MGOOGL$11.93B4.08%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.

## FAQ

### What was Fisher Asset Management, LLC 13F AUM in Q4 2025?

Fisher Asset Management, LLC reported $292.99B in 13F AUM for 2025Q4.

### What was the largest Q4 2025 holding for Fisher Asset Management, LLC?

The largest disclosed position was NVDA at 5.49% ($16.05B).

### How concentrated was the top of the portfolio?

The top five holdings represented 23.31% of the portfolio.

### How did AUM change into Q4 2025?

The latest reported value was $292.99B, versus $276.3M in Q3 2025.

### Where can I follow future position changes?

Use /filers/fisher-asset-management-llc-0000850529 and linked stock pages such as /stocks/NVDA, /stocks/AAPL, /stocks/IEF.

---

Source: 13F Insight — https://13finsight.com/research/fisher-asset-management-q4-2025-equity-core-with-rate-hedge
Author: Marcus Chen — https://13finsight.com/authors/marcus-chen
Last updated: 2026-03-29T09:40:47.945Z