Generalist · Plano, TX
Fisher Asset Management
Q3 2025 · compared with Q2 2025
Filed as Fisher Asset Management, LLC
- Software
- $25.6B
- Weight of 13F
- 9.3%
- Names
- 49
- Net bought
- +$186M
Filed 12 November 2025 · SEC filing.
1,014 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
- MicrosoftMSFT24,842,396 shares · 50.2% of their software · price +$510M$12.9B+$271M
- SAPSAP14,549,331 shares · 15.2% of their software · price −$537M$3.9B+$119M
- OracleORCL9,045,019 shares · 9.9% of their software · price +$566M$2.5B+$34.4M
- IntuitINTU2,526,907 shares · 6.7% of their software · price −$265M$1.7B−$193M
- ServiceNowNOW1,656,022 shares · 5.9% of their software · price −$179M$1.5B+$20.3M
- AdobeADBE4,234,478 shares · 5.8% of their software · price −$145M$1.5B−$129M
- SalesforceCRM4,328,230 shares · 4.0% of their software · price −$154M$1.0B+$27.6M
- AutodeskADSK758,902 shares · 0.9% of their software · price +$6.1M$241M+$111M
- PegasystemsPEGA1,136,734 shares · 0.3% of their software · price +$3.8M$65.4M−$3.1M
- NutanixNTNX609,562 shares · 0.2% of their software · price −$1.2M$45.3M+$1.5M
- ZscalerZS81,299 shares · 0.1% of their software · price −$1.2M$24.4M+$5.2M
- HubSpotHUBS50,149 shares · 0.1% of their software · price −$4.5M$23.5M−$738K
- PTCPTC114,766 shares · 0.1% of their software · price +$3.5M$23.3M+$3.8M
- BoxBOX663,281 shares · 0.1% of their software · price −$1.3M$21.4MFlat
- F5, Inc.FFIV64,771 shares · 0.1% of their software · price +$1.9M$20.9M+$3.5M
- QualysQLYS131,652 shares · 0.1% of their software · price −$1.4M$17.4M−$1.8M
- PaycomPAYC77,012 shares · 0.1% of their software · price −$1.8M$16.0M+$966K
- SS&CSSNC113,630 shares · 0.0% of their software · price +$677K$10.1M+$1.5M
- Bentley SystemsBSY171,805 shares · 0.0% of their software$8.8M+$1.7M
- WorkdayWDAY34,330 shares · 0.0% of their software$8.3M−$1.0M
- Manhattan AssociatesMANH36,220 shares · 0.0% of their software$7.4M−$7.7M
- Uber Technologies, Inc.UBER48,257 shares · 0.0% of their software$4.7MFlat
- ACI WorldwideACIW84,178 shares · 0.0% of their software · price +$577K$4.4M−$15.1M
- SPS CommerceSPSC40,100 shares · 0.0% of their software · price −$1.3M$4.2M−$23.4M
- Donnelley Financial Solutions, Inc.DFIN66,503 shares · 0.0% of their software · price −$680K$3.4MFlat
- ShopifySHOP21,732 shares · 0.0% of their software · price +$723K$3.2MFlat
- NICENICE20,002 shares · 0.0% of their software$2.9M−$1.4M
- Roper Technologies, Inc.ROP5,098 shares · 0.0% of their software$2.5MFlat
- PalantirPLTR13,558 shares · 0.0% of their software · price +$625K$2.5M+$616K
- SynopsysSNPS4,238 shares · 0.0% of their software$2.1M−$2.7M
- Automatic Data Processing, Inc.ADP6,619 shares · 0.0% of their software$1.9MFlat
- Palo Alto NetworksPANW7,254 shares · 0.0% of their software$1.5MFlat
- A10 Networks, Inc.ATEN69,682 shares · 0.0% of their software$1.3MFlat
- PaylocityPCTY7,260 shares · 0.0% of their software$1.2MFlat
- CrowdStrikeCRWD2,187 shares · 0.0% of their software$1.1MFlat
- PDF Solutions, Inc.PDFS38,086 shares · 0.0% of their software$983KFlat
- Alarm.com Holdings, Inc.ALRM7,155 shares · 0.0% of their software$380K−$13.9M
- BroadridgeBR1,587 shares · 0.0% of their software$378KFlat
- Fiserv, Inc.FISV2,835 shares · 0.0% of their software$366KFlat
- Amdocs LimitedDOX4,253 shares · 0.0% of their software$349KFlat
- Block, Inc.XYZ4,728 shares · 0.0% of their software$342KFlat
- Paychex, Inc.PAYX2,611 shares · 0.0% of their software$331KFlat
- AppLovinAPP381 shares · 0.0% of their software$275KNew · Flat
- FortinetFTNT3,091 shares · 0.0% of their software$260KFlat
- CadenceCDNS687 shares · 0.0% of their software$242KNew · Flat
- Fair IsaacFICO154 shares · 0.0% of their software$231KFlat
- DocuSignDOCU2,952 shares · 0.0% of their software$213KNew · Flat
- Gen DigitalGEN7,305 shares · 0.0% of their software$207KNew · Flat
- CloudflareNET964 shares · 0.0% of their software$207KNew · Flat