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 | |
|---|---|---|---|---|---|---|
501
Simmons First National
SFNC
$3.39B
| $3.89M | ﹤0.01% |
202,693
-584,022
| -74% | -$11.7M |
|
502
British American Tobacco
BTI
$128B
| $3.86M | ﹤0.01% |
72,747
+492
| +0.7% | +$26.7K |
|
503
iShares Core S&P 500 ETF
IVV
$902B
| $3.77M | ﹤0.01% |
5,630
-1,135
| -17% | -$731K |
|
504
AptarGroup
ATR
$8.61B
| $3.73M | ﹤0.01% |
27,890
-3,472
| -11% | -$502K |
|
505
AT&T
T
$163B
| $3.68M | ﹤0.01% |
130,346
+9,934
| +8% | +$282K |
|
506
Vanguard Total International Stock ETF
VXUS
$160B
| $3.62M | ﹤0.01% |
49,281
+25,775
| +110% | +$1.83M |
|
507
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| $3.62M | ﹤0.01% |
72,203
-1,650
| -2% | -$81.1K |
|
508
Marathon Petroleum
MPC
$83.7B
| $3.57M | ﹤0.01% |
18,522
-258
| -1% | -$45.4K |
|
509
Verizon
VZ
$196B
| $3.53M | ﹤0.01% |
80,273
-2,829
| -3% | -$122K |
|
510
Donnelley Financial Solutions
DFIN
$1.16B
| $3.42M | ﹤0.01% |
66,503
-1,701
| -2% | -$97K |
|
511
Coca-Cola Europacific Partners
CCEP
$47.9B
| $3.41M | ﹤0.01% |
37,743
-153
| -0.4% | -$14.2K |
|
512
Agree Realty
ADC
$9.41B
| $3.41M | ﹤0.01% |
48,000
-69
| -0.1% | -$5K |
|
513
Incyte
INCY
$24.4B
| $3.39M | ﹤0.01% |
39,949
+10,027
| +34% | +$793K |
|
514
Schwab US Dividend Equity ETF
SCHD
$105B
| $3.38M | ﹤0.01% |
123,700
+52,616
| +74% | +$1.44M |
|
515
Invesco S&P 500 Top 50 ETF
XLG
$11B
| $3.35M | ﹤0.01% |
58,209
-9,753
| -14% | -$533K |
|
516
Prosperity Bancshares
PB
$8.86B
| $3.32M | ﹤0.01% |
50,041
-2,114
| -4% | -$145K |
|
517
Shopify
SHOP
$195B
| $3.23M | ﹤0.01% |
21,732
-620
| -3% | -$84.1K |
|
518
Arista Networks
ANET
$238B
| $3.22M | ﹤0.01% |
22,097
-214
| -1% | -$27.6K |
|
519
Victory Capital Holdings
VCTR
$6.66B
| $3.22M | ﹤0.01% |
49,652
+726
| +1% | +$49.9K |
|
|
INN
520
Summit Hotel Properties
INN
$700M
| $3.16M | ﹤0.01% |
575,425
-2
| -0% | -$11 |
|
521
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.51B
| $3.08M | ﹤0.01% |
87,017
-6,716
| -7% | -$227K |
|
522
Lennar Class A
LEN
$21.2B
| $3.04M | ﹤0.01% |
24,139
-9,275
| -28% | -$1.15M |
|
523
Vertiv
VRT
$105B
| $3.03M | ﹤0.01% |
20,105
-1,661
| -8% | -$222K |
|
524
Valero Energy
VLO
$85.9B
| $2.98M | ﹤0.01% |
17,515
+1,934
| +12% | +$288K |
|
525
Ross Stores
ROST
$81.9B
| $2.98M | ﹤0.01% |
19,546
-235
| -1% | -$33.6K |
|
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.