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 | |
|---|---|---|---|---|---|---|
501
Simmons First National
SFNC
$3.39B
| $3.19M | ﹤0.01% |
169,293
-33,400
| -16% | -$619K |
|
502
Haleon
HLN
$44.2B
| $3.18M | ﹤0.01% |
314,996
-16,624
| -5% | -$158K |
|
503
iShares S&P 500 Growth ETF
IVW
$77.6B
| $3.16M | ﹤0.01% |
25,627
+9,053
| +55% | +$1.11M |
|
504
Wells Fargo
WFC
$264B
| $3.13M | ﹤0.01% |
33,637
+12,065
| +56% | +$1.05M |
|
505
Marathon Petroleum
MPC
$83.7B
| $3.12M | ﹤0.01% |
19,207
+685
| +4% | +$128K |
|
506
iShares MSCI EAFE ETF
EFA
$80.2B
| $3.12M | ﹤0.01% |
32,463
+6,272
| +24% | +$595K |
|
507
Colgate-Palmolive
CL
$74.4B
| $3.1M | ﹤0.01% |
39,202
+13,106
| +50% | +$1.03M |
|
508
iShares Russell 1000 Value ETF
IWD
$83.7B
| $3.1M | ﹤0.01% |
14,717
+2,137
| +17% | +$441K |
|
509
Expedia Group
EXPE
$37.3B
| $3.09M | ﹤0.01% |
10,919
+172
| +2% | +$42.5K |
|
510
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.51B
| $3.08M | ﹤0.01% |
85,025
-1,992
| -2% | -$72.2K |
|
511
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.11B
| $3.08M | ﹤0.01% |
105,065
-28,082
| -21% | -$823K |
|
512
Invesco S&P 500 Top 50 ETF
XLG
$11B
| $3.07M | ﹤0.01% |
51,760
-6,449
| -11% | -$379K |
|
513
Dick's Sporting Goods
DKS
$18.7B
| $3.04M | ﹤0.01% |
15,380
-210,196
| -93% | -$45.8M |
|
514
Gilead Sciences
GILD
$165B
| $3M | ﹤0.01% |
24,435
-1,617
| -6% | -$197K |
|
515
Philip Morris
PM
$295B
| $2.99M | ﹤0.01% |
18,612
+1,621
| +10% | +$251K |
|
516
Darling Ingredients
DAR
$9.44B
| $2.96M | ﹤0.01% |
82,144
+6,702
| +9% | +$227K |
|
517
iShares Core S&P Mid-Cap ETF
IJH
$127B
| $2.95M | ﹤0.01% |
44,631
+8,164
| +22% | +$535K |
|
518
General Mills
GIS
$19.7B
| $2.87M | ﹤0.01% |
61,698
-18,611
| -23% | -$884K |
|
519
Vertiv
VRT
$105B
| $2.86M | ﹤0.01% |
17,662
-2,443
| -12% | -$424K |
|
520
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.6B
| $2.86M | ﹤0.01% |
53,079
-1,322
| -2% | -$71.5K |
|
521
AptarGroup
ATR
$8.61B
| $2.81M | ﹤0.01% |
23,076
-4,814
| -17% | -$595K |
|
522
State Street SPDR S&P Metals & Mining ETF
XME
$4.42B
| $2.8M | ﹤0.01% |
27,055
+11
| +0% | +$1.09K |
|
523
General Dynamics
GD
$106B
| $2.79M | ﹤0.01% |
8,281
+1,244
| +18% | +$424K |
|
524
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| $2.78M | ﹤0.01% |
55,347
-16,856
| -23% | -$848K |
|
|
NPKI
525
NPK International
NPKI
$1.14B
| $2.77M | ﹤0.01% |
231,971
-7,315
| -3% | -$89.3K |
|
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.