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 | |
|---|---|---|---|---|---|---|
576
Devon Energy
DVN
$47B
| $1.76M | ﹤0.01% |
48,015
-2,573
| -5% | -$89.8K |
|
577
Manitowoc
MTW
$680M
| $1.75M | ﹤0.01% |
146,187
-8,898
| -6% | -$101K |
|
578
Fox Class B
FOX
$23.9B
| $1.74M | ﹤0.01% |
+26,766
| New | +$1.56M |
|
|
PPL
579
PPL Corp
PPL
$26.6B
| $1.73M | ﹤0.01% |
49,458
-1,008
| -2% | -$36.3K |
|
580
MGM Resorts International
MGM
$11.2B
| $1.73M | ﹤0.01% |
47,454
-19,572
| -29% | -$664K |
|
581
Shore Bancshares
SHBI
$799M
| $1.73M | ﹤0.01% |
97,659
| – | – |
|
582
Synopsys
SNPS
$79.1B
| $1.71M | ﹤0.01% |
3,641
-597
| -14% | -$265K |
|
583
DXP Enterprises
DXPE
$3.05B
| $1.7M | ﹤0.01% |
15,511
-1,836
| -11% | -$200K |
|
584
Cogent Biosciences
COGT
$7.21B
| $1.7M | ﹤0.01% |
47,914
-55,578
| -54% | -$1.56M |
|
585
Teledyne Technologies
TDY
$31.8B
| $1.68M | ﹤0.01% |
3,287
+1,843
| +128% | +$971K |
|
586
Vanguard Morningstar Value ETF
VTV
$191B
| $1.67M | ﹤0.01% |
8,764
+650
| +8% | +$122K |
|
587
MiMedx Group
MDXG
$636M
| $1.66M | ﹤0.01% |
245,759
-14,483
| -6% | -$102K |
|
588
Tango Therapeutics
TNGX
$4.43B
| $1.66M | ﹤0.01% |
187,693
-22,659
| -11% | -$195K |
|
|
PDM
589
Piedmont Realty Trust
PDM
$1.19B
| $1.64M | ﹤0.01% |
196,868
-500
| -0.3% | -$4.17K |
|
590
iShares 3-7 Year Treasury Bond ETF
IEI
$17.8B
| $1.63M | ﹤0.01% |
13,658
+6,661
| +95% | +$797K |
|
591
Southside Bancshares
SBSI
$975M
| $1.63M | ﹤0.01% |
53,630
| – | – |
|
592
Expeditors International
EXPD
$23.4B
| $1.63M | ﹤0.01% |
10,930
+130
| +1% | +$17.7K |
|
593
Entergy
ETR
$50.1B
| $1.62M | ﹤0.01% |
17,556
+3,210
| +22% | +$304K |
|
594
PNC Financial Services
PNC
$101B
| $1.62M | ﹤0.01% |
7,760
+3,852
| +99% | +$744K |
|
595
D.R. Horton
DHI
$42.2B
| $1.61M | ﹤0.01% |
11,212
-1,077
| -9% | -$164K |
|
596
VanEck Pharmaceutical ETF
PPH
$937M
| $1.6M | ﹤0.01% |
15,466
-1,069
| -6% | -$104K |
|
597
Sierra Bancorp
BSRR
$528M
| $1.59M | ﹤0.01% |
48,502
| – | – |
|
598
Peoples Bancorp
PEBO
$1.48B
| $1.58M | ﹤0.01% |
52,743
| – | – |
|
599
German American Bancorp
GABC
$1.9B
| $1.58M | ﹤0.01% |
40,413
-2,684
| -6% | -$106K |
|
600
Automatic Data Processing
ADP
$108B
| $1.58M | ﹤0.01% |
6,141
-478
| -7% | -$127K |
|
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.