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 | |
|---|---|---|---|---|---|---|
276
Delek US
DK
$3.59B
| $31M | 0.01% |
1,044,693
-295,879
| -22% | -$10.6M |
|
|
UCB
277
United Community Banks
UCB
$4.3B
| $30.9M | 0.01% |
990,165
-58,009
| -6% | -$1.79M |
|
278
IDEAYA Biosciences
IDYA
$3.49B
| $30.8M | 0.01% |
889,633
+27,425
| +3% | +$874K |
|
279
UMB Financial
UMBF
$11B
| $30.7M | 0.01% |
266,751
-19,930
| -7% | -$2.26M |
|
280
Baker Hughes
BKR
$62.3B
| $30.6M | 0.01% |
671,028
-45,851
| -6% | -$2.17M |
|
|
CADE
281
DELISTED
Cadence Bank
CADE
| $29.6M | 0.01% |
691,155
-711,801
| -51% | -$28.2M |
|
282
Nucor
NUE
$61.9B
| $29.6M | 0.01% |
181,275
-73,235
| -29% | -$11M |
|
|
283
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.6B
| $29.4M | 0.01% |
1,111,357
-59,477,965
| -98% | -$1.6B |
|
284
Matador Resources
MTDR
$6.04B
| $29.3M | 0.01% |
691,249
+12,728
| +2% | +$535K |
|
285
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.34B
| $28.8M | 0.01% |
107,129
-5,180
| -5% | -$1.42M |
|
286
Honeywell
HON
$76.3B
| $28.6M | 0.01% |
146,538
-10,241
| -7% | -$2M |
|
287
HUB Group
HUBG
$2.83B
| $28.4M | 0.01% |
667,510
-57,760
| -8% | -$2.2M |
|
288
Bankunited
BKU
$3.37B
| $27.8M | 0.01% |
623,322
-12,703
| -2% | -$526K |
|
289
Patterson-UTI
PTEN
$3.83B
| $26.7M | 0.01% |
4,377,814
-188,987
| -4% | -$1.13M |
|
290
Pricesmart
PSMT
$5.5B
| $26.6M | 0.01% |
217,000
+193,446
| +821% | +$23.6M |
|
291
Nike
NKE
$62.3B
| $26.6M | 0.01% |
417,639
-31,752
| -7% | -$2.07M |
|
292
Range Resources
RRC
$9.01B
| $26.4M | 0.01% |
749,728
-27,346
| -4% | -$1.02M |
|
293
Texas Capital Bancshares
TCBI
$4.32B
| $26.4M | 0.01% |
291,356
-24,390
| -8% | -$2.14M |
|
294
Grocery Outlet
GO
$959M
| $25.7M | 0.01% |
2,546,083
-20,791
| -0.8% | -$262K |
|
295
Celldex Therapeutics
CLDX
$3.26B
| $25.5M | 0.01% |
937,158
+10,001
| +1% | +$263K |
|
296
Cheesecake Factory
CAKE
$5.34B
| $25.4M | 0.01% |
503,184
+33,959
| +7% | +$1.7M |
|
297
PTC
PTC
$16B
| $25.3M | 0.01% |
145,483
+30,717
| +27% | +$5.71M |
|
298
Vanguard Total World Stock ETF
VT
$79.1B
| $25.1M | 0.01% |
178,262
+14,267
| +9% | +$1.99M |
|
299
Ligand Pharmaceuticals
LGND
$6.02B
| $24.7M | 0.01% |
130,858
+21,932
| +20% | +$4.21M |
|
300
Levi Strauss
LEVI
$9.35B
| $24.6M | 0.01% |
1,184,847
-44,966
| -4% | -$969K |
|
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.