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 | |
|---|---|---|---|---|---|---|
526
AnaptysBio
ANAB
$1.68B
| $2.74M | ﹤0.01% |
56,564
-2,314
| -4% | -$90.2K |
|
527
Casella Waste Systems
CWST
$5.69B
| $2.71M | ﹤0.01% |
27,677
+236
| +0.9% | +$21.9K |
|
528
Outdoor Holding Co
POWW
$247M
| $2.69M | ﹤0.01% |
+1,574,625
| New | +$2.71M |
|
529
Allient
ALNT
$1.92B
| $2.69M | ﹤0.01% |
50,085
+5,837
| +13% | +$305K |
|
530
Arista Networks
ANET
$238B
| $2.65M | ﹤0.01% |
20,259
-1,838
| -8% | -$253K |
|
|
INN
531
Summit Hotel Properties
INN
$700M
| $2.63M | ﹤0.01% |
540,663
-34,762
| -6% | -$182K |
|
532
Victory Capital Holdings
VCTR
$6.66B
| $2.59M | ﹤0.01% |
41,069
-8,583
| -17% | -$547K |
|
533
Baidu
BIDU
$37.2B
| $2.59M | ﹤0.01% |
19,818
+1,915
| +11% | +$238K |
|
534
Rexford Industrial Realty
REXR
$8.19B
| $2.59M | ﹤0.01% |
66,823
+31
| +0% | +$1.28K |
|
535
Palantir
PLTR
$413B
| $2.57M | ﹤0.01% |
14,449
+891
| +7% | +$161K |
|
536
SPDR Gold Trust
GLD
$141B
| $2.56M | ﹤0.01% |
6,463
-22
| -0.3% | -$8.4K |
|
537
Wipro
WIT
$20B
| $2.53M | ﹤0.01% |
889,836
-6,308,040
| -88% | -$17.2M |
|
538
Vanguard Industrials ETF
VIS
$8.39B
| $2.49M | ﹤0.01% |
8,353
+295
| +4% | +$87.6K |
|
539
Donnelley Financial Solutions
DFIN
$1.16B
| $2.46M | ﹤0.01% |
52,729
-13,774
| -21% | -$666K |
|
540
iShares US Aerospace & Defense ETF
ITA
$14.7B
| $2.44M | ﹤0.01% |
11,382
+282
| +3% | +$59K |
|
541
iShares Russell 2000 ETF
IWM
$83B
| $2.42M | ﹤0.01% |
9,825
+6,205
| +171% | +$1.53M |
|
542
Waste Management
WM
$91B
| $2.4M | ﹤0.01% |
10,911
+1,926
| +21% | +$411K |
|
543
iShares Russell 1000 ETF
IWB
$50.1B
| $2.4M | ﹤0.01% |
6,414
+1,045
| +19% | +$387K |
|
544
First Financial Corp
THFF
$969M
| $2.3M | ﹤0.01% |
38,120
-3,511
| -8% | -$202K |
|
545
iShares S&P 500 Value ETF
IVE
$49.8B
| $2.3M | ﹤0.01% |
10,829
+1,400
| +15% | +$293K |
|
546
Central Pacific Financial
CPF
$1B
| $2.26M | ﹤0.01% |
72,496
-6,470
| -8% | -$195K |
|
547
Progressive
PGR
$125B
| $2.26M | ﹤0.01% |
9,904
+240
| +2% | +$54.2K |
|
548
SP Funds Dow Jones Global Sukuk ETF
SPSK
$648M
| $2.25M | ﹤0.01% |
123,062
+68,166
| +124% | +$1.26M |
|
549
Woodside Energy
WDS
$42.6B
| $2.23M | ﹤0.01% |
142,771
-5,639
| -4% | -$89.7K |
|
550
Stewart Information Services
STC
$2.08B
| $2.18M | ﹤0.01% |
31,081
-1,959
| -6% | -$141K |
|
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.