Generalist · Plano, TX
Fisher Asset Management
Q2 2025 · compared with Q1 2025
Filed as Fisher Asset Management, LLC
- Software
- $25.7B
- Weight of 13F
- 10.2%
- Names
- 48
- Net bought
- −$1.5B
Filed 13 August 2025 · SEC filing.
986 positions in the whole 13F.
Quarters on file
Each quarter on file, back to June 2016 when the filing exists. Net bought is the share change from the previous quarter at that quarter’s close. A split that leaves the dollar value in place counts as flat.
- Q2 202646 names$18.1B+$1.2B
- Q1 202643 names$16.4B−$1.4B
- Q4 202547 names$23.5B+$108M
- Q3 202549 names$25.6B+$186M
- Q2 202548 names$25.7B−$1.5B
- Q1 202551 names$23.3B−$1.3B
- Q4 202452 names$27.4B+$336M
- Q3 202448 names$26.5B+$571M
- Q2 202452 names$25.7B+$1.4B
- Q1 202456 names$23.6B−$921M
- Q4 202362 names$22.6B+$438M
- Q3 202358 names$18.6B−$318M
- Q2 202367 names$19.7B−$2.2B
- Q1 202356 names$19.1B−$888M
- Q4 202256 names$16.6B+$590M
- Q3 202253 names$15.2B−$1.1B
- Q2 202252 names$18.2B+$2.5B
- Q1 202245 names$22.4B+$3.0B
- Q4 202144 names$23.5B+$4.3B
- Q3 202137 names$18.7B+$583M
- Q2 202139 names$17.4B+$501M
- Q1 202139 names$14.5B+$435M
- Q4 202038 names$14.1B+$661M
- Q3 202036 names$13.4B+$264M
- Q2 202035 names$11.6B+$244M
- Q1 202033 names$8.6B+$933M
- Q4 201933 names$8.3B−$99.6M
- Q3 201932 names$7.5B+$733M
- Q2 201932 names$7.0B+$1.1B
- Q1 201931 names$4.5BFlat
- Q4 201831 names$4.5B+$848M
- Q3 201829 names$4.4B+$260M
- Q2 201824 names$3.6B−$306M
- Q1 201833 names$3.7B+$419M
- Q4 201728 names$3.2B+$68.5M
- Q3 201728 names$2.9B+$48.2M
- Q2 201724 names$2.8B−$125M
- Q1 201724 names$2.7B+$29.7M
- Q4 201624 names$2.4B+$8.7M
- Q3 201622 names$2.4B+$9.6M
- Q2 201623 names$2.2B—
What moved the book
The five software lines with the largest share change this quarter.
Software held
- MicrosoftMSFT24,297,369 shares · 47.1% of their software · price +$3.0B$12.1B−$338M
- SAPSAP14,157,321 shares · 16.8% of their software · price +$505M$4.3B+$312M
- IntuitINTU2,772,454 shares · 8.5% of their software · price +$481M$2.2B−$277M
- OracleORCL8,887,747 shares · 7.6% of their software · price +$701M$1.9BSplit
- AdobeADBE4,567,817 shares · 6.9% of their software · price +$15.3M$1.8B−$29.6M
- ServiceNowNOW1,636,288 shares · 6.6% of their software · price +$380M$1.7B−$33.7M
- SalesforceCRM4,227,039 shares · 4.5% of their software · price +$18.3M$1.2B−$1.0B
- AutodeskADSK401,745 shares · 0.5% of their software · price +$19.2M$124M−$24.3M
- PegasystemsPEGA1,193,235 shares · 0.3% of their software · price −$18.4M$64.6M+$39.7M
- NutanixNTNX589,781 shares · 0.2% of their software · price +$3.9M$45.1M−$3.2M
- SPS CommerceSPSC212,175 shares · 0.1% of their software · price +$713K$28.9M−$5.0M
- HubSpotHUBS51,475 shares · 0.1% of their software · price −$755K$28.7M−$2.8M
- BoxBOX662,993 shares · 0.1% of their software · price +$2.2M$22.7M−$4.3M
- QualysQLYS144,002 shares · 0.1% of their software · price +$2.4M$20.6M−$3.3M
- ZscalerZS64,637 shares · 0.1% of their software · price +$7.5M$20.3MFlat
- ACI WorldwideACIW412,222 shares · 0.1% of their software · price −$3.6M$18.9M−$1.9M
- PaycomPAYC72,839 shares · 0.1% of their software · price +$941K$16.9M−$2.1M
- PTCPTC92,627 shares · 0.1% of their software · price +$1.6M$16.0M−$7.2M
- F5, Inc.FFIV52,748 shares · 0.1% of their software · price +$1.5M$15.5M−$5.8M
- Manhattan AssociatesMANH75,103 shares · 0.1% of their software · price +$1.8M$14.8M−$5.0M
- Alarm.com Holdings, Inc.ALRM252,625 shares · 0.1% of their software$14.3MFlat
- WEX Inc.WEX96,642 shares · 0.1% of their software · price −$979K$14.2MFlat
- WorkdayWDAY38,500 shares · 0.0% of their software$9.2M−$1.5M
- SS&CSSNC95,707 shares · 0.0% of their software$7.9M−$5.9M
- Bentley SystemsBSY140,833 shares · 0.0% of their software · price +$2.1M$7.6M−$774K
- MorningstarMORN16,141 shares · 0.0% of their software$5.1MFlat
- SynopsysSNPS9,593 shares · 0.0% of their software · price +$804K$4.9M−$1.0M
- NICENICE28,332 shares · 0.0% of their software$4.8M−$2.8M
- Uber Technologies, Inc.UBER49,656 shares · 0.0% of their software · price +$1.0M$4.6MFlat
- Donnelley Financial Solutions, Inc.DFIN68,204 shares · 0.0% of their software · price +$1.2M$4.2M−$1.0M
- FactSetFDS9,313 shares · 0.0% of their software$4.2MFlat
- Roper Technologies, Inc.ROP5,086 shares · 0.0% of their software$2.9MFlat
- ShopifySHOP22,352 shares · 0.0% of their software$2.6M−$36.4M
- Automatic Data Processing, Inc.ADP5,477 shares · 0.0% of their software$1.7M+$501K
- A10 Networks, Inc.ATEN74,940 shares · 0.0% of their software$1.5MFlat
- CrowdStrikeCRWD2,791 shares · 0.0% of their software$1.4MFlat
- PaylocityPCTY7,268 shares · 0.0% of their software$1.3M−$16.4M
- Palo Alto NetworksPANW6,054 shares · 0.0% of their software$1.2MFlat
- PalantirPLTR9,038 shares · 0.0% of their software$1.2MFlat
- PDF Solutions, Inc.PDFS43,679 shares · 0.0% of their software$934KFlat
- Fair IsaacFICO250 shares · 0.0% of their software$458KFlat
- Block, Inc.XYZ6,018 shares · 0.0% of their software$409KFlat
- Paychex, Inc.PAYX2,794 shares · 0.0% of their software$406KFlat
- Amdocs LimitedDOX4,158 shares · 0.0% of their software$379KFlat
- Fiserv, Inc.FISV2,086 shares · 0.0% of their software$360KFlat
- FortinetFTNT3,315 shares · 0.0% of their software$351KFlat
- BroadridgeBR1,280 shares · 0.0% of their software$311KFlat
- SnowflakeSNOW920 shares · 0.0% of their software$206KNew · Flat