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 | |
|---|---|---|---|---|---|---|
476
Ultragenyx Pharmaceutical
RARE
$2.55B
| $4.57M | ﹤0.01% |
198,696
+30,612
| +18% | +$1.01M |
|
477
GE Vernova
GEV
$264B
| $4.52M | ﹤0.01% |
6,916
+2,254
| +48% | +$1.37M |
|
478
Ecopetrol
EC
$34.5B
| $4.46M | ﹤0.01% |
445,260
-10,959
| -2% | -$105K |
|
479
Valero Energy
VLO
$85.9B
| $4.45M | ﹤0.01% |
27,339
+9,824
| +56% | +$1.66M |
|
480
British American Tobacco
BTI
$128B
| $4.42M | ﹤0.01% |
78,045
+5,298
| +7% | +$289K |
|
|
INVX
481
Innovex International
INVX
$1.97B
| $4.41M | ﹤0.01% |
201,668
-27,219
| -12% | -$568K |
|
482
Vanguard Morningstar Mega Cap Growth ETF
MGK
$34.2B
| $4.21M | ﹤0.01% |
51,025
+1,880
| +4% | +$154K |
|
483
Chemed
CHE
$7.22B
| $4.17M | ﹤0.01% |
9,756
+1
| +0% | +$435 |
|
484
Vanguard Total Bond Market
BND
$158B
| $4.17M | ﹤0.01% |
56,307
+1,520
| +3% | +$113K |
|
485
Lockheed Martin
LMT
$136B
| $4.03M | ﹤0.01% |
8,336
+457
| +6% | +$219K |
|
486
Uber
UBER
$153B
| $4.03M | ﹤0.01% |
49,292
+1,035
| +2% | +$93.2K |
|
487
ACI Worldwide
ACIW
$5.42B
| $4.03M | ﹤0.01% |
84,205
+27
| +0% | +$1.31K |
|
488
NNN REIT
NNN
$8.99B
| $3.93M | ﹤0.01% |
99,217
+12
| +0% | +$492 |
|
489
Shopify
SHOP
$195B
| $3.93M | ﹤0.01% |
24,414
+2,682
| +12% | +$431K |
|
490
Regeneron Pharmaceuticals
REGN
$80.8B
| $3.85M | ﹤0.01% |
4,990
+353
| +8% | +$240K |
|
491
MakeMyTrip
MMYT
$5.64B
| $3.8M | ﹤0.01% |
46,325
-28,184
| -38% | -$2.31M |
|
492
Agree Realty
ADC
$9.41B
| $3.46M | ﹤0.01% |
48,090
+90
| +0.2% | +$6.58K |
|
493
Coca-Cola Europacific Partners
CCEP
$47.9B
| $3.46M | ﹤0.01% |
38,175
+432
| +1% | +$39K |
|
494
Prosperity Bancshares
PB
$8.89B
| $3.39M | ﹤0.01% |
49,070
-971
| -2% | -$65.5K |
|
495
Ross Stores
ROST
$81.9B
| $3.32M | ﹤0.01% |
18,434
-1,112
| -6% | -$186K |
|
496
Kimberly-Clark
KMB
$36.5B
| $3.31M | ﹤0.01% |
32,773
-11,699
| -26% | -$1.28M |
|
497
Astronics
ATRO
$3.84B
| $3.29M | ﹤0.01% |
72,769
-5,566
| -7% | -$233K |
|
498
Estee Lauder
EL
$32B
| $3.28M | ﹤0.01% |
31,311
+954
| +3% | +$92.6K |
|
499
Verizon
VZ
$196B
| $3.26M | ﹤0.01% |
80,043
-230
| -0.3% | -$9.33K |
|
500
nLIGHT
LASR
$3.17B
| $3.21M | ﹤0.01% |
85,627
-5,885
| -6% | -$197K |
|
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.