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 | |
|---|---|---|---|---|---|---|
301
FormFactor
FORM
$9B
| $24.3M | 0.01% |
436,045
+293,746
| +206% | +$14.8M |
|
302
First American
FAF
$7.67B
| $24.1M | 0.01% |
392,276
-29,799
| -7% | -$1.87M |
|
303
Post Holdings
POST
$4.09B
| $24M | 0.01% |
242,101
+123,423
| +104% | +$12.8M |
|
304
Moog Inc Class A
MOG.A
$13B
| $23.4M | 0.01% |
96,221
-2,507
| -3% | -$550K |
|
305
Scholar Rock
SRRK
$6.41B
| $23.4M | 0.01% |
531,439
-1,737
| -0.3% | -$65.1K |
|
306
RLJ Lodging Trust
RLJ
$1.81B
| $23.3M | 0.01% |
3,127,412
+94,291
| +3% | +$685K |
|
307
Zscaler
ZS
$26.3B
| $23.2M | 0.01% |
102,968
+21,669
| +27% | +$6.12M |
|
308
Banner Corp
BANR
$2.4B
| $23M | 0.01% |
367,148
-24,103
| -6% | -$1.52M |
|
309
Snap-on
SNA
$21.5B
| $22.7M | 0.01% |
66,017
+11,808
| +22% | +$4.04M |
|
310
Worthington Enterprises
WOR
$2.83B
| $22.5M | 0.01% |
436,731
+93,140
| +27% | +$5.14M |
|
311
Boston Properties
BXP
$11B
| $22.1M | 0.01% |
327,262
+76,946
| +31% | +$5.47M |
|
312
Medtronic
MDT
$110B
| $21.6M | 0.01% |
225,001
-14,528
| -6% | -$1.41M |
|
313
FNB Corp
FNB
$6.75B
| $21.4M | 0.01% |
1,250,138
+313,983
| +34% | +$5.13M |
|
314
SiteOne Landscape Supply
SITE
$4.3B
| $21.4M | 0.01% |
171,527
+18,662
| +12% | +$2.36M |
|
|
DMC
315
Del Monte Corp
DMC
$1.41B
| $21.2M | 0.01% |
+594,268
| New | +$21.2M |
|
|
ACLX
316
DELISTED
Arcellx
ACLX
| $21.1M | 0.01% |
+322,855
| New | +$25.8M |
|
317
Tetra Tech
TTEK
$8.89B
| $20.8M | 0.01% |
621,198
-88,168
| -12% | -$2.98M |
|
318
RenaissanceRe
RNR
$13.4B
| $20.5M | 0.01% |
72,969
-4,319
| -6% | -$1.14M |
|
319
F5
FFIV
$23.5B
| $20.4M | 0.01% |
80,007
+15,236
| +24% | +$4.1M |
|
320
Hancock Whitney
HWC
$6.22B
| $20.4M | 0.01% |
320,218
-28,775
| -8% | -$1.75M |
|
321
Commault Systems
CVLT
$5.53B
| $20.4M | 0.01% |
+162,364
| New | +$22.8M |
|
322
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.51B
| $20.3M | 0.01% |
315,179
-9,007
| -3% | -$569K |
|
323
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $20.3M | 0.01% |
254,475
-50,956
| -17% | -$4.07M |
|
|
P
324
Everpure Inc
P
$29B
| $20.2M | 0.01% |
301,756
+229,975
| +320% | +$19.2M |
|
325
State Street Health Care Select Sector SPDR ETF
XLV
$42.4B
| $20.1M | 0.01% |
129,942
+17,454
| +16% | +$2.61M |
|
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.