Ken Fisher Fisher Asset Management
Ken Fisher is the founder and executive chairman of Fisher Investments, a global money management firm overseeing billions of dollars in assets. He gained early recognition for pioneering the use of the price-to-sales ratio in stock analysis and wrote the long-running “Portfolio Strategy” column in Forbes. Over the years, Fisher has authored numerous books on investing and wealth management, many of which have become bestsellers.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$4.56B |
| 2 |
Broadcom
AVGO
|
+$441M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$281M |
| 4 |
NVIDIA
NVDA
|
+$278M |
| 5 |
Microsoft
MSFT
|
+$230M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MBS ETF
MBB
|
+$2.05B |
| 2 |
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
|
+$1.6B |
| 3 |
Lennox International
LII
|
+$284M |
| 4 |
Itaú Unibanco
ITUB
|
+$247M |
| 5 |
Intuit
INTU
|
+$160M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.35% |
| 2 | Financials | 19.13% |
| 3 | Healthcare | 9.52% |
| 4 | Industrials | 9.41% |
| 5 | Communication Services | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BELFB
251
Bel Fuse Inc Class B
BELFB
$4.18B
| $42.7M | 0.01% |
+251,608
| New | +$39.3M |
|
252
Winmark
WINA
$1.27B
| $42.4M | 0.01% |
104,687
-4,740
| -4% | -$2.03M |
|
253
Equinor
EQNR
$93.7B
| $42M | 0.01% |
1,778,054
-49,248
| -3% | -$1.16M |
|
254
SLB Ltd
SLB
$76.5B
| $40.1M | 0.01% |
1,045,018
-79,992
| -7% | -$2.9M |
|
255
Granite Construction
GVA
$5.32B
| $40M | 0.01% |
346,976
-15,529
| -4% | -$1.67M |
|
256
Bio-Rad Laboratories Class A
BIO
$9.16B
| $39.7M | 0.01% |
131,094
-2,371
| -2% | -$740K |
|
257
Ferrovial N.V. Ordinary Shares
FER
$47.1B
| $38.2M | 0.01% |
597,534
+54,118
| +10% | +$3.42M |
|
258
Resideo Technologies
REZI
$3.95B
| $37.7M | 0.01% |
1,072,331
-18,197
| -2% | -$673K |
|
259
Capri Holdings
CPRI
$1.7B
| $37.3M | 0.01% |
1,528,940
-19,057
| -1% | -$441K |
|
260
APA Corp
APA
$12.9B
| $37.3M | 0.01% |
1,525,078
+75,532
| +5% | +$1.83M |
|
261
Glacier Bancorp
GBCI
$6.32B
| $36.7M | 0.01% |
832,892
-56,017
| -6% | -$2.46M |
|
262
KLA
KLAC
$252B
| $35.4M | 0.01% |
290,930
-20,470
| -7% | -$2.4M |
|
263
Crinetics Pharmaceuticals
CRNX
$8.9B
| $35.3M | 0.01% |
758,659
+302
| +0% | +$13.4K |
|
264
Nutanix
NTNX
$16.3B
| $35.3M | 0.01% |
682,619
+73,057
| +12% | +$4.46M |
|
265
Century Aluminum
CENX
$4.55B
| $34M | 0.01% |
866,944
-99,631
| -10% | -$3.11M |
|
266
Kennametal
KMT
$2.58B
| $33.9M | 0.01% |
1,192,271
-1,325,073
| -53% | -$33.8M |
|
267
Veracyte
VCYT
$3.71B
| $33.5M | 0.01% |
795,712
+62,676
| +9% | +$2.53M |
|
268
SPX Corp
SPXC
$10.7B
| $33.1M | 0.01% |
165,686
-10,821
| -6% | -$2.21M |
|
269
First Horizon
FHN
$12.1B
| $32.5M | 0.01% |
1,357,989
+270,490
| +25% | +$6.03M |
|
270
Murphy Oil
MUR
$4.74B
| $32.3M | 0.01% |
1,033,207
-83,945
| -8% | -$2.52M |
|
271
Sumitomo Mitsui Financial
SMFG
$163B
| $31.8M | 0.01% |
1,646,997
+122,562
| +8% | +$2.12M |
|
272
Brinker International
EAT
$9.75B
| $31.7M | 0.01% |
221,178
-20,935
| -9% | -$2.74M |
|
273
Halozyme
HALO
$10.2B
| $31.5M | 0.01% |
467,852
+56,960
| +14% | +$3.83M |
|
274
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.6B
| $31.4M | 0.01% |
1,040,150
-64,998
| -6% | -$1.96M |
|
275
Moelis & Co
MC
$4.98B
| $31.4M | 0.01% |
456,892
-34,578
| -7% | -$2.31M |
|
Similar funds
Ken Fisher's Q4 2025 Portfolio in Review
As of Q4 2025, Ken Fisher held 1,126 positions worth $293B, up 6% from $276B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Ken Fisher's Q4 2025 filing shows 112 new, 480 increased, 403 reduced and 109 closed positions. Its largest new stake was Belden: 369,776 shares worth $43.1M. The largest sale was iShares MBS ETF, an estimated $2.05B.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q4 2025 buy was Belden: 369,776 shares worth $43.1M.
- Ken Fisher added most to iShares 7-10 Year Treasury Bond ETF in Q4 2025, an estimated $4.56B increase.
- Ken Fisher's biggest Q4 2025 reduction was iShares MBS ETF, cutting an estimated $2.05B.
- Ken Fisher fully exited Infosys in Q4 2025, selling an estimated $146M.
- Ken Fisher's ten largest holdings make up 34% of its $293B portfolio in Q4 2025.
- Ken Fisher opened 112 new positions and closed 109 in Q4 2025.
- Ken Fisher's portfolio value rose 6% quarter-over-quarter to $293B.
Based on Fisher Asset Management's 13F filing for Q4 2025, filed 9 Feb 2026.