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 | |
|---|---|---|---|---|---|---|
601
BioMarin Pharmaceuticals
BMRN
$12.3B
| $1.72M | ﹤0.01% |
31,726
+18,181
| +134% | +$1.04M |
|
|
GRMN
602
Garmin
GRMN
$60B
| $1.72M | ﹤0.01% |
6,967
+458
| +7% | +$106K |
|
603
OGE Energy
OGE
$9.71B
| $1.7M | ﹤0.01% |
+36,757
| New | +$1.65M |
|
604
German American Bancorp
GABC
$1.9B
| $1.69M | ﹤0.01% |
43,097
-4,460
| -9% | -$180K |
|
605
Synchrony
SYF
$25.6B
| $1.68M | ﹤0.01% |
+23,700
| New | +$1.72M |
|
606
National Grid
NGG
$81.3B
| $1.68M | ﹤0.01% |
23,455
-30
| -0.1% | -$2.1K |
|
607
Qorvo
QRVO
$8.74B
| $1.68M | ﹤0.01% |
18,430
-211
| -1% | -$18.8K |
|
608
Prologis
PLD
$133B
| $1.67M | ﹤0.01% |
14,580
-240
| -2% | -$26.4K |
|
609
Meritage Homes
MTH
$4.86B
| $1.64M | ﹤0.01% |
22,696
-648,611
| -97% | -$48.2M |
|
|
CPRX
610
DELISTED
Catalyst Pharmaceutical
CPRX
| $1.64M | ﹤0.01% |
83,137
| – | – |
|
611
Shore Bancshares
SHBI
$796M
| $1.6M | ﹤0.01% |
97,659
-5,737
| -6% | -$94.5K |
|
612
Ambev
ABEV
$46.4B
| $1.59M | ﹤0.01% |
713,221
-92,163
| -11% | -$211K |
|
613
W&T Offshore
WTI
$518M
| $1.58M | ﹤0.01% |
870,220
-12,622
| -1% | -$22.4K |
|
614
Peoples Bancorp
PEBO
$1.47B
| $1.58M | ﹤0.01% |
52,743
| – | – |
|
615
NextEra Energy
NEE
$177B
| $1.57M | ﹤0.01% |
20,758
-847
| -4% | -$61.9K |
|
616
Universal Health Services
UHS
$10.5B
| $1.56M | ﹤0.01% |
7,630
+2,418
| +46% | +$435K |
|
617
Manitowoc
MTW
$675M
| $1.55M | ﹤0.01% |
155,085
-8,078
| -5% | -$89.8K |
|
|
DAWN
618
DELISTED
Day One Biopharmaceuticals
DAWN
| $1.55M | ﹤0.01% |
220,163
-1,820
| -0.8% | -$12.5K |
|
619
WisdomTree
WT
$3.22B
| $1.55M | ﹤0.01% |
111,632
-11
| -0% | -$147 |
|
620
Global Payments
GPN
$22.8B
| $1.55M | ﹤0.01% |
18,670
-14,224
| -43% | -$1.2M |
|
621
Republic Services
RSG
$66B
| $1.54M | ﹤0.01% |
6,719
+502
| +8% | +$118K |
|
622
Littelfuse
LFUS
$11.6B
| $1.54M | ﹤0.01% |
5,934
-54,024
| -90% | -$13.5M |
|
623
Southside Bancshares
SBSI
$967M
| $1.52M | ﹤0.01% |
53,630
-8
| -0% | -$242 |
|
624
Vanguard Morningstar Value ETF
VTV
$191B
| $1.51M | ﹤0.01% |
8,114
-2,791
| -26% | -$505K |
|
625
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.51B
| $1.51M | ﹤0.01% |
11,431
+52
| +0.5% | +$6.71K |
|
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.