Generalist · Plano, TX
Fisher Asset Management
Q4 2025 · compared with Q3 2025
Filed as Fisher Asset Management, LLC
- Software
- $23.5B
- Weight of 13F
- 8.0%
- Names
- 47
- Net bought
- +$108M
Filed 9 February 2026 · SEC filing.
1,016 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
- MicrosoftMSFT25,300,410 shares · 52.1% of their software · price −$869M$12.2B+$237M
- SAPSAP14,728,881 shares · 15.2% of their software · price −$358M$3.6B+$48.0M
- OracleORCL9,314,177 shares · 7.7% of their software · price −$804M$1.8B+$75.7M
- IntuitINTU2,284,310 shares · 6.4% of their software · price −$46.8M$1.5B−$166M
- AdobeADBE3,961,853 shares · 5.9% of their software · price −$10.9M$1.4B−$96.2M
- ServiceNowNOW8,351,824 shares · 5.5% of their software · price −$6.4B$1.3BSplit
- SalesforceCRM4,278,477 shares · 4.8% of their software · price +$119M$1.1B−$11.8M
- AutodeskADSK761,009 shares · 1.0% of their software · price −$16.5M$225MFlat
- PegasystemsPEGA1,170,377 shares · 0.3% of their software · price +$2.6M$69.9M+$1.9M
- NutanixNTNX682,619 shares · 0.2% of their software · price −$15.5M$35.3M+$5.4M
- PTCPTC145,483 shares · 0.1% of their software · price −$4.2M$25.3M+$6.2M
- ZscalerZS102,968 shares · 0.1% of their software · price −$7.7M$23.2M+$6.5M
- F5, Inc.FFIV80,007 shares · 0.1% of their software · price −$5.4M$20.4M+$4.9M
- CommvaultCVLT162,364 shares · 0.1% of their software · price −$10.3M$20.4MNew · +$30.7M
- BoxBOX607,138 shares · 0.1% of their software · price −$1.4M$18.2M−$1.8M
- QualysQLYS118,743 shares · 0.1% of their software$15.8M−$1.7M
- SS&CSSNC158,724 shares · 0.1% of their software$13.9M+$4.0M
- PaycomPAYC67,142 shares · 0.0% of their software · price −$3.3M$10.7M−$2.1M
- Bentley SystemsBSY226,610 shares · 0.0% of their software · price −$3.0M$8.6M+$2.8M
- WorkdayWDAY31,990 shares · 0.0% of their software · price −$830K$6.9M−$563K
- Uber Technologies, Inc.UBER49,292 shares · 0.0% of their software · price −$801K$4.0MFlat
- ACI WorldwideACIW84,205 shares · 0.0% of their software$4.0MFlat
- ShopifySHOP24,414 shares · 0.0% of their software$3.9MFlat
- PalantirPLTR14,449 shares · 0.0% of their software$2.6MFlat
- Donnelley Financial Solutions, Inc.DFIN52,729 shares · 0.0% of their software$2.5M−$708K
- Roper Technologies, Inc.ROP4,597 shares · 0.0% of their software$2.0MFlat
- SynopsysSNPS3,641 shares · 0.0% of their software$1.7MFlat
- Automatic Data Processing, Inc.ADP6,141 shares · 0.0% of their software$1.6MFlat
- NICENICE12,329 shares · 0.0% of their software$1.4M−$1.1M
- A10 Networks, Inc.ATEN74,557 shares · 0.0% of their software$1.3MFlat
- Palo Alto NetworksPANW7,127 shares · 0.0% of their software$1.3MFlat
- PDF Solutions, Inc.PDFS40,603 shares · 0.0% of their software$1.2MFlat
- CrowdStrikeCRWD2,425 shares · 0.0% of their software$1.1MFlat
- PaylocityPCTY7,382 shares · 0.0% of their software$1.1MFlat
- BroadridgeBR2,662 shares · 0.0% of their software$594KFlat
- Paychex, Inc.PAYX3,694 shares · 0.0% of their software$414KFlat
- NetApp, Inc.NTAP3,779 shares · 0.0% of their software$405KNew · Flat
- Alarm.com Holdings, Inc.ALRM7,315 shares · 0.0% of their software$373KFlat
- Amdocs LimitedDOX4,514 shares · 0.0% of their software$363KFlat
- AppLovinAPP519 shares · 0.0% of their software$350KFlat
- Block, Inc.XYZ4,782 shares · 0.0% of their software$311KFlat
- SnowflakeSNOW1,130 shares · 0.0% of their software$248KNew · Flat
- ZoomZM2,721 shares · 0.0% of their software$235KNew · Flat
- Fair IsaacFICO135 shares · 0.0% of their software$230KFlat
- VeevaVEEV1,017 shares · 0.0% of their software$227KNew · Flat
- CadenceCDNS683 shares · 0.0% of their software$214KFlat
- Gen DigitalGEN7,735 shares · 0.0% of their software$210KFlat