Fisher Asset Management Builds $4.6 Billion Long-Term Treasury ETF Position While Trimming Shorter Maturities
The disclosed portfolio reached $348.3 billion, with Nvidia the largest holding and a $5.2 billion ExxonMobil Holdings entry.
Fisher Asset Management increased its iShares 20-year Treasury bond ETF stake to $4.6 billion 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 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.
Sources
- Fisher Asset Management, LLC 13F-HR (Q3 2026) — SEC EDGAR
