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 | |
|---|---|---|---|---|---|---|
426
CVS Health
CVS
$123B
| $7.33M | ﹤0.01% |
92,390
+3,291
| +4% | +$259K |
|
427
Enterprise Financial Services Corp
EFSC
$2.4B
| $7.19M | ﹤0.01% |
133,166
-27,705
| -17% | -$1.52M |
|
428
Dr. Reddy's Laboratories
RDY
$10.1B
| $7.1M | ﹤0.01% |
506,043
-1,175,368
| -70% | -$16.5M |
|
429
Altria Group
MO
$113B
| $6.95M | ﹤0.01% |
120,522
+10,245
| +9% | +$619K |
|
430
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.71B
| $6.89M | ﹤0.01% |
67,420
-1,186
| -2% | -$120K |
|
431
Workday
WDAY
$42B
| $6.87M | ﹤0.01% |
31,990
-2,340
| -7% | -$532K |
|
432
Cohen & Steers
CNS
$4.34B
| $6.87M | ﹤0.01% |
109,351
-1,983
| -2% | -$129K |
|
433
Vericel Corp
VCEL
$2.29B
| $6.76M | ﹤0.01% |
187,616
+18,002
| +11% | +$661K |
|
434
Exelixis
EXEL
$12.9B
| $6.74M | ﹤0.01% |
153,724
+106,912
| +228% | +$4.42M |
|
435
STAG Industrial
STAG
$7.1B
| $6.74M | ﹤0.01% |
183,240
+751
| +0.4% | +$28.5K |
|
436
iShares S&P 100 ETF
OEF
$20.5B
| $6.59M | ﹤0.01% |
19,220
-1,743
| -8% | -$592K |
|
437
iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SUSB
$1.3B
| $6.55M | ﹤0.01% |
259,438
+17,902
| +7% | +$452K |
|
438
Diamondrock Hospitality Co
DRH
$2.59B
| $6.52M | ﹤0.01% |
727,615
-57,616
| -7% | -$491K |
|
439
iShares Broad USD High Yield Corporate Bond ETF
USHY
$28.6B
| $6.41M | ﹤0.01% |
171,477
-21,761
| -11% | -$815K |
|
440
Walt Disney
DIS
$181B
| $6.27M | ﹤0.01% |
55,125
-2,382
| -4% | -$262K |
|
441
First Industrial Realty Trust
FR
$8.4B
| $6.23M | ﹤0.01% |
108,796
+16
| +0% | +$893 |
|
|
XHR
442
Xenia Hotels & Resorts
XHR
$1.82B
| $6.15M | ﹤0.01% |
434,993
-48,226
| -10% | -$658K |
|
443
State Street Energy Select Sector SPDR ETF
XLE
$38.1B
| $6.12M | ﹤0.01% |
136,969
+6,705
| +5% | +$299K |
|
444
State Street Financial Select Sector SPDR ETF
XLF
$58.4B
| $6.06M | ﹤0.01% |
110,724
+89
| +0.1% | +$4.74K |
|
445
IBM
IBM
$220B
| $6.03M | ﹤0.01% |
20,347
+1,089
| +6% | +$326K |
|
446
AT&T
T
$162B
| $5.98M | ﹤0.01% |
240,607
+110,261
| +85% | +$2.79M |
|
447
Pebblebrook Hotel Trust
PEB
$2.08B
| $5.83M | ﹤0.01% |
515,374
-49,006
| -9% | -$540K |
|
448
ENI
E
$78.5B
| $5.79M | ﹤0.01% |
152,608
-1,079
| -0.7% | -$39.6K |
|
449
First Solar
FSLR
$26.2B
| $5.77M | ﹤0.01% |
22,078
-2,861
| -11% | -$722K |
|
450
iShares Russell 1000 Growth ETF
IWF
$127B
| $5.71M | ﹤0.01% |
48,236
-4,284
| -8% | -$507K |
|
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.