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 | |
|---|---|---|---|---|---|---|
26
Costco
COST
$423B
| $2.91B | 1.05% |
3,145,241
+34,826
| +1% | +$33.4M |
|
27
Bank of America
BAC
$438B
| $2.72B | 0.98% |
52,677,988
+1,272,315
| +2% | +$62.1M |
|
28
Oracle
ORCL
$409B
| $2.54B | 0.92% |
9,045,019
+157,272
| +2% | +$40.1M |
|
29
Visa
V
$683B
| $2.51B | 0.91% |
7,359,223
+98,902
| +1% | +$34.2M |
|
30
UBS Group
UBS
$173B
| $2.51B | 0.91% |
61,168,437
+2,744,348
| +5% | +$107M |
|
31
Freeport-McMoran
FCX
$91.5B
| $2.48B | 0.9% |
63,258,414
+899,699
| +1% | +$39M |
|
32
Mastercard
MA
$500B
| $2.45B | 0.89% |
4,308,400
+58,478
| +1% | +$33.6M |
|
33
Netflix
NFLX
$305B
| $2.44B | 0.88% |
20,338,750
+144,570
| +0.7% | +$17.6M |
|
34
BP
BP
$114B
| $2.26B | 0.82% |
65,483,232
+1,046,236
| +2% | +$35M |
|
35
Blackrock
BLK
$175B
| $2.22B | 0.8% |
1,902,167
-64,136
| -3% | -$71.7M |
|
36
iShares MBS ETF
MBB
$38.8B
| $2.14B | 0.78% |
22,503,900
+1,206,273
| +6% | +$113M |
|
|
SCHW
37
Charles Schwab
SCHW
$184B
| $2.07B | 0.75% |
21,646,588
+269,898
| +1% | +$25.6M |
|
38
Merck
MRK
$316B
| $2.02B | 0.73% |
24,068,126
-945,571
| -4% | -$77.9M |
|
39
Shell
SHEL
$252B
| $1.92B | 0.69% |
26,809,946
+417,101
| +2% | +$30M |
|
40
Johnson Controls International
JCI
$88.7B
| $1.86B | 0.67% |
16,959,249
+354,266
| +2% | +$37.9M |
|
41
Spotify
SPOT
$100B
| $1.82B | 0.66% |
2,602,625
+113,612
| +5% | +$79.4M |
|
42
UnitedHealth
UNH
$377B
| $1.81B | 0.66% |
5,252,449
+38,977
| +0.7% | +$11.8M |
|
43
Barclays
BCS
$93.8B
| $1.78B | 0.64% |
86,027,312
+2,964,420
| +4% | +$58.7M |
|
44
Intuitive Surgical
ISRG
$135B
| $1.74B | 0.63% |
3,889,439
+40,702
| +1% | +$19.5M |
|
|
45
Intuit
INTU
$87.1B
| $1.73B | 0.62% |
2,526,907
-245,547
| -9% | -$177M |
|
46
Procter & Gamble
PG
$338B
| $1.69B | 0.61% |
11,008,454
+40,941
| +0.4% | +$6.39M |
|
47
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.6B
| $1.63B | 0.59% |
60,589,322
+2,639,099
| +5% | +$69.7M |
|
48
AstraZeneca
AZN
$245B
| $1.62B | 0.59% |
10,581,362
+233,372
| +2% | +$35.3M |
|
49
Abbott
ABT
$185B
| $1.61B | 0.58% |
12,032,884
+170,061
| +1% | +$22.3M |
|
50
Johnson & Johnson
JNJ
$613B
| $1.57B | 0.57% |
8,446,408
+173,936
| +2% | +$29.8M |
|
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.