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 | |
|---|---|---|---|---|---|---|
551
Progressive
PGR
$125B
| $2.39M | ﹤0.01% |
9,664
+428
| +5% | +$106K |
|
552
iShares Core S&P Mid-Cap ETF
IJH
$127B
| $2.38M | ﹤0.01% |
36,467
+16,578
| +83% | +$1.07M |
|
553
NIO
NIO
$11.9B
| $2.37M | ﹤0.01% |
311,614
+30,813
| +11% | +$166K |
|
554
Baidu
BIDU
$37.2B
| $2.36M | ﹤0.01% |
17,903
+4,344
| +32% | +$430K |
|
555
First Financial Corp
THFF
$969M
| $2.35M | ﹤0.01% |
41,631
-1,755
| -4% | -$99.4K |
|
556
Darling Ingredients
DAR
$9.44B
| $2.33M | ﹤0.01% |
75,442
+36,593
| +94% | +$1.22M |
|
557
MGM Resorts International
MGM
$11.2B
| $2.32M | ﹤0.01% |
67,026
-52,163
| -44% | -$1.91M |
|
558
iShares US Aerospace & Defense ETF
ITA
$14.7B
| $2.32M | ﹤0.01% |
11,100
-486
| -4% | -$95.7K |
|
559
KB Home
KBH
$3.59B
| $2.31M | ﹤0.01% |
36,297
-815,792
| -96% | -$49.3M |
|
560
SPDR Gold Trust
GLD
$141B
| $2.31M | ﹤0.01% |
6,485
+1,043
| +19% | +$332K |
|
561
Expedia Group
EXPE
$37.3B
| $2.3M | ﹤0.01% |
10,747
-944
| -8% | -$190K |
|
562
Build-A-Bear
BBW
$462M
| $2.24M | ﹤0.01% |
34,379
-4,952
| -13% | -$292K |
|
563
Woodside Energy
WDS
$42.6B
| $2.23M | ﹤0.01% |
148,410
+6,708
| +5% | +$111K |
|
564
Synopsys
SNPS
$79.7B
| $2.09M | ﹤0.01% |
4,238
-5,355
| -56% | -$3.03M |
|
565
Colgate-Palmolive
CL
$74.4B
| $2.09M | ﹤0.01% |
26,096
+5,307
| +26% | +$453K |
|
566
D.R. Horton
DHI
$42.3B
| $2.08M | ﹤0.01% |
12,289
-25,521
| -67% | -$4.01M |
|
567
DXP Enterprises
DXPE
$2.98B
| $2.07M | ﹤0.01% |
17,347
-7,412
| -30% | -$828K |
|
568
American Public Education
APEI
$940M
| $2.04M | ﹤0.01% |
51,732
+19,602
| +61% | +$622K |
|
569
Gorman-Rupp
GRC
$2.21B
| $2M | ﹤0.01% |
43,120
-2,506
| -5% | -$104K |
|
570
iShares S&P 500 Growth ETF
IVW
$77.6B
| $2M | ﹤0.01% |
16,574
+4,592
| +38% | +$528K |
|
571
QCR Holdings
QCRH
$1.7B
| $2M | ﹤0.01% |
26,380
-1,298
| -5% | -$97.7K |
|
572
Waste Management
WM
$91B
| $1.98M | ﹤0.01% |
8,985
+1,301
| +17% | +$293K |
|
573
Allient
ALNT
$1.92B
| $1.98M | ﹤0.01% |
44,248
| – | – |
|
574
Oppenheimer Holdings
OPY
$1.2B
| $1.97M | ﹤0.01% |
26,664
-4,045
| -13% | -$293K |
|
575
iShares Russell 1000 ETF
IWB
$50.1B
| $1.96M | ﹤0.01% |
5,369
-416
| -7% | -$147K |
|
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.