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
|
+$2.87B |
| 2 |
NVIDIA
NVDA
|
+$358M |
| 3 |
Suncor Energy
SU
|
+$287M |
| 4 |
Microsoft
MSFT
|
+$278M |
| 5 |
Apple
AAPL
|
+$200M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$1.8B |
| 2 |
Canadian Natural Resources
CNQ
|
+$205M |
| 3 |
Intuit
INTU
|
+$177M |
| 4 |
Adobe
ADBE
|
+$120M |
| 5 |
GTLS
Chart Industries
GTLS
|
+$95.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.4% |
| 2 | Financials | 18.68% |
| 3 | Industrials | 9.33% |
| 4 | Healthcare | 8.68% |
| 5 | Communication Services | 6.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Williams-Sonoma
WSM
$29.6B
| $10.6M | ﹤0.01% |
54,447
-1,820
| -3% | -$348K |
|
402
Kaiser Aluminum
KALU
$3.02B
| $10.6M | ﹤0.01% |
137,787
-9,688
| -7% | -$770K |
|
403
Arcosa
ACA
$7.11B
| $10.5M | ﹤0.01% |
112,106
+21,181
| +23% | +$1.97M |
|
404
iShares ESG Aware MSCI USA ETF
ESGU
$18.4B
| $10.5M | ﹤0.01% |
71,846
+3,743
| +5% | +$524K |
|
405
Core Laboratories
CLB
$521M
| $10.2M | ﹤0.01% |
824,579
-43,147
| -5% | -$506K |
|
406
Vertex Pharmaceuticals
VRTX
$126B
| $10.2M | ﹤0.01% |
25,959
+204
| +0.8% | +$85.3K |
|
407
SS&C Technologies
SSNC
$18.6B
| $10.1M | ﹤0.01% |
113,630
+17,923
| +19% | +$1.55M |
|
408
Independent Bank
INDB
$3.99B
| $9.98M | ﹤0.01% |
144,314
-589
| -0.4% | -$40K |
|
409
State Street SPDR S&P 500 ETF Trust
SPY
$823B
| $9.95M | ﹤0.01% |
14,939
+8,789
| +143% | +$5.63M |
|
410
Arcus Biosciences
RCUS
$3.64B
| $9.92M | ﹤0.01% |
729,153
+640,990
| +727% | +$6.66M |
|
411
United Therapeutics
UTHR
$23.1B
| $9.89M | ﹤0.01% |
23,580
+4,987
| +27% | +$1.68M |
|
412
Bristol-Myers Squibb
BMY
$132B
| $9.75M | ﹤0.01% |
216,142
-10,834
| -5% | -$506K |
|
413
Alkermes
ALKS
$8.25B
| $9.68M | ﹤0.01% |
322,748
+30,801
| +11% | +$868K |
|
414
Yum! Brands
YUM
$41.1B
| $9.55M | ﹤0.01% |
62,857
-7,268
| -10% | -$1.07M |
|
415
Enterprise Financial Services Corp
EFSC
$2.39B
| $9.33M | ﹤0.01% |
160,871
-1,334
| -0.8% | -$77.6K |
|
416
Myriad Genetics
MYGN
$312M
| $9.25M | ﹤0.01% |
1,278,927
-15,895
| -1% | -$94.4K |
|
|
NUVL
417
DELISTED
Nuvalent
NUVL
| $9.2M | ﹤0.01% |
106,424
-8,337
| -7% | -$659K |
|
418
Associated Banc-Corp
ASB
$5.91B
| $9.18M | ﹤0.01% |
357,000
-9
| -0% | -$231 |
|
419
Bentley Systems
BSY
$10.7B
| $8.84M | ﹤0.01% |
171,805
+30,972
| +22% | +$1.7M |
|
420
First Interstate BancSystem
FIBK
$3.58B
| $8.47M | ﹤0.01% |
265,914
+466
| +0.2% | +$14.5K |
|
421
ProPetro Holding
PUMP
$1.35B
| $8.46M | ﹤0.01% |
1,614,641
-4,479
| -0.3% | -$23.8K |
|
422
Chord Energy
CHRD
$7.39B
| $8.31M | ﹤0.01% |
83,618
-18
| -0% | -$1.89K |
|
423
Outfront Media
OUT
$5.49B
| $8.28M | ﹤0.01% |
452,223
-13,882
| -3% | -$252K |
|
424
Church & Dwight Co
CHD
$24.5B
| $8.27M | ﹤0.01% |
94,349
+31,976
| +51% | +$3M |
|
425
Workday
WDAY
$44.4B
| $8.26M | ﹤0.01% |
34,330
-4,170
| -11% | -$964K |
|
Similar funds
Ken Fisher's Q3 2025 Portfolio in Review
As of Q3 2025, Ken Fisher held 1,094 positions worth $276B, up 9.7% from $252B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ken Fisher's Q3 2025 filing shows 108 new, 450 increased, 424 reduced and 80 closed positions. Its largest new stake was Sanmina: 166,861 shares worth $19.2M. The largest sale was Vanguard Intermediate-Term Corporate Bond ETF, an estimated $1.8B.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Financials and Industrials.
- Ken Fisher's largest Q3 2025 buy was Sanmina: 166,861 shares worth $19.2M.
- Ken Fisher added most to iShares 7-10 Year Treasury Bond ETF in Q3 2025, an estimated $2.87B increase.
- Ken Fisher's biggest Q3 2025 reduction was Vanguard Intermediate-Term Corporate Bond ETF, cutting an estimated $1.8B.
- Ken Fisher fully exited WEX in Q3 2025, selling an estimated $14.2M.
- Ken Fisher's ten largest holdings make up 32% of its $276B portfolio in Q3 2025.
- Ken Fisher opened 108 new positions and closed 80 in Q3 2025.
- Ken Fisher's portfolio value rose 9.7% quarter-over-quarter to $276B.
Based on Fisher Asset Management's 13F filing for Q3 2025, filed 12 Nov 2025.