> ## Content Index
> Fetch the complete content index at: https://www.bullished.co/llms.txt
> Use this file to discover other available public pages before exploring further.

# Fisher Asset Management Builds $4.6 Billion Long-Term Treasury ETF Position While Trimming Shorter Maturities
- URL: https://www.bullished.co/fisher-asset-management-builds-4-6-billion-long-term-treasury-etf-position-while-trimming-454752c6/
- Published: 2026-11-06T17:22:02.000Z
- Updated: 2026-11-06T17:22:02.000Z
- Description: The disclosed portfolio reached $348.3 billion, with Nvidia the largest holding and a $5.2 billion ExxonMobil Holdings entry.
- Author: Matteo Parrino
- Tags: SEC Filings, Industry: Not classified, Topic: Ownership & Activism

Fisher Asset Management increased its iShares 20-year Treasury bond ETF stake to [$4.6 billion](https://www.sec.gov/Archives/edgar/data/0000850529/000085052926000009/0000850529-26-000009-index.html?ref=bullished.co) during the third quarter of 2026 while cutting its seven-to-10-year Treasury ETF holding. Friday’s 13F, the quarterly SEC report of large investors’ US stock holdings, put the longer-term position at 59.2 million shares, compared with 44,294 in the prior quarter.

## A Shift Toward Longer Treasuries

The longer-term ETF stake had been valued at $3.8 million in the previous quarter. Its share count grew roughly 1,337-fold, making the increase a substantial change in Fisher’s disclosed Treasury exposure.

The Treasury changes ran in opposite directions: Fisher expanded the 20-year bond ETF position while trimming the holding covering maturities of seven to 10 years.

## Nvidia Leads A $348.3 Billion Portfolio

Fisher’s disclosed portfolio reached [$348.3 billion](https://www.sec.gov/Archives/edgar/data/0000850529/000085052926000009/0000850529-26-000009-index.html?ref=bullished.co) across 1,060 positions at quarter-end. The prior-quarter totals were $335.8 billion and 1,037 positions. Nvidia led the third-quarter holdings with a disclosed value of $21.2 billion.

An entry named ExxonMobil Holdings appeared with 31.9 million shares valued at $5.2 billion, accounting for about 2% of disclosed holdings.

A separate entry named Exxon Mobil dropped out of the portfolio during the quarter. That position had carried a value of $4.3 billion and a share count of 31.5 million in the previous report.

Learn

- [13F Filing Deadline: What Big Funds' Holdings Do And Do Not Show →](https://www.bullished.co/learn/13f-filing-deadline-what-it-shows/)  
13F filings arrive weeks after each quarter ends and cover only some positions. Learn what they leave out and how Form 4 and 13D/13G fill the gap.

### Sources

- [Fisher Asset Management, LLC 13F-HR (Q3 2026)](https://www.sec.gov/Archives/edgar/data/0000850529/000085052926000009/0000850529-26-000009-index.html?ref=bullished.co) — SEC EDGAR