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 | |
|---|---|---|---|---|---|---|
451
Protagonist Therapeutics
PTGX
$9.44B
| $5.69M | ﹤0.01% |
+65,114
| New | +$5.33M |
|
452
United Parcel Service
UPS
$88.9B
| $5.65M | ﹤0.01% |
56,962
-9,965
| -15% | -$932K |
|
453
Vanguard Morningstar Total Stock Market ETF
VTI
$684B
| $5.64M | ﹤0.01% |
16,820
-32,018
| -66% | -$10.7M |
|
454
iShares ESG Aware MSCI EAFE ETF
ESGD
$12.3B
| $5.64M | ﹤0.01% |
59,285
-5,179
| -8% | -$488K |
|
455
iShares US Medical Devices ETF
IHI
$3.38B
| $5.63M | ﹤0.01% |
90,526
-7,934
| -8% | -$490K |
|
456
Federal Realty Investment Trust
FRT
$10.3B
| $5.62M | ﹤0.01% |
55,707
+105
| +0.2% | +$10.3K |
|
457
Crescent Energy
CRGY
$3.82B
| $5.6M | ﹤0.01% |
667,073
+153,073
| +30% | +$1.34M |
|
458
Hexcel
HXL
$7.82B
| $5.58M | ﹤0.01% |
75,526
-17,479
| -19% | -$1.24M |
|
459
Intel
INTC
$513B
| $5.56M | ﹤0.01% |
150,605
+455
| +0.3% | +$17.2K |
|
460
Vanguard Morningstar Growth ETF
VUG
$231B
| $5.49M | ﹤0.01% |
67,566
+14,154
| +26% | +$1.15M |
|
461
Diamondback Energy
FANG
$52.7B
| $5.47M | ﹤0.01% |
36,391
+1,991
| +6% | +$294K |
|
|
SFBS
462
ServisFirst Bancshares
SFBS
$4.86B
| $5.42M | ﹤0.01% |
75,561
-1,326
| -2% | -$97.3K |
|
463
Wynn Resorts
WYNN
$10.6B
| $5.31M | ﹤0.01% |
44,146
-3,786
| -8% | -$468K |
|
464
Essential Properties Realty Trust
EPRT
$6.62B
| $5.19M | ﹤0.01% |
175,080
+116
| +0.1% | +$3.54K |
|
465
West Pharmaceutical
WST
$24.9B
| $5.11M | ﹤0.01% |
18,576
-3,373
| -15% | -$923K |
|
466
Extra Space Storage
EXR
$31.6B
| $5.09M | ﹤0.01% |
39,101
-34
| -0.1% | -$4.64K |
|
467
Kura Oncology
KURA
$850M
| $4.9M | ﹤0.01% |
+471,993
| New | +$4.95M |
|
468
State Street Technology Select Sector SPDR ETF
XLK
$124B
| $4.9M | ﹤0.01% |
34,010
+5,854
| +21% | +$845K |
|
469
Dyne Therapeutics
DYN
$4.9B
| $4.89M | ﹤0.01% |
+250,065
| New | +$4.74M |
|
470
iShares Core S&P 500 ETF
IVV
$902B
| $4.86M | ﹤0.01% |
7,102
+1,472
| +26% | +$1,000K |
|
471
iShares Short-Term National Muni Bond ETF
SUB
$11.4B
| $4.75M | ﹤0.01% |
44,557
-3,137
| -7% | -$334K |
|
472
iShares 20+ Year Treasury Bond ETF
TLT
$41.7B
| $4.7M | ﹤0.01% |
53,930
-74,820
| -58% | -$6.69M |
|
473
iShares International Treasury Bond ETF
IGOV
$1.54B
| $4.7M | ﹤0.01% |
112,825
-26,210
| -19% | -$1.1M |
|
474
Broadstone Net Lease
BNL
$4.02B
| $4.65M | ﹤0.01% |
267,527
+2,974
| +1% | +$53.5K |
|
475
S&P Global
SPGI
$120B
| $4.61M | ﹤0.01% |
8,817
+198
| +2% | +$98K |
|
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.