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 | |
|---|---|---|---|---|---|---|
601
Phillips 66
PSX
$81.4B
| $1.58M | ﹤0.01% |
12,222
+2,841
| +30% | +$382K |
|
602
KraneShares CSI China Internet ETF
KWEB
$5.67B
| $1.58M | ﹤0.01% |
46,268
+202
| +0.4% | +$7.77K |
|
603
MSCI
MSCI
$40.9B
| $1.57M | ﹤0.01% |
2,739
-556
| -17% | -$312K |
|
604
3M
MMM
$94.3B
| $1.56M | ﹤0.01% |
9,729
+261
| +3% | +$42.7K |
|
605
Qorvo
QRVO
$8.74B
| $1.56M | ﹤0.01% |
18,417
-13
| -0.1% | -$1.15K |
|
606
OGE Energy
OGE
$9.71B
| $1.55M | ﹤0.01% |
36,321
-436
| -1% | -$19.4K |
|
607
Schwab US Dividend Equity ETF
SCHD
$105B
| $1.54M | ﹤0.01% |
56,230
-67,470
| -55% | -$1.83M |
|
608
Chubb
CB
$135B
| $1.53M | ﹤0.01% |
4,889
+999
| +26% | +$292K |
|
|
MOFG
609
DELISTED
MidWestOne Financial Group
MOFG
| $1.52M | ﹤0.01% |
39,351
-2,546
| -6% | -$92.8K |
|
610
Berkshire Hathaway Class A
BRK.A
$1.12T
| $1.51M | ﹤0.01% |
2
| – | – |
|
611
BJ's Restaurants
BJRI
$1.48B
| $1.5M | ﹤0.01% |
38,118
-2,980
| -7% | -$106K |
|
612
Gerdau
GGB
$9.7B
| $1.5M | ﹤0.01% |
406,181
+1,200
| +0.3% | +$4.19K |
|
613
Ambev
ABEV
$46.4B
| $1.46M | ﹤0.01% |
590,438
-122,783
| -17% | -$292K |
|
614
Republic Services
RSG
$66B
| $1.46M | ﹤0.01% |
6,880
+161
| +2% | +$34.7K |
|
615
Ford
F
$55.7B
| $1.45M | ﹤0.01% |
110,186
+16,332
| +17% | +$211K |
|
616
iShares Core MSCI EAFE ETF
IEFA
$196B
| $1.43M | ﹤0.01% |
15,988
+3,288
| +26% | +$291K |
|
617
Oil States International
OIS
$491M
| $1.43M | ﹤0.01% |
211,074
-14,630
| -6% | -$94K |
|
618
Comcast
CMCSA
$90B
| $1.43M | ﹤0.01% |
47,690
-7,822
| -14% | -$223K |
|
619
iShares MSCI USA Quality Factor ETF
QUAL
$47.9B
| $1.43M | ﹤0.01% |
7,175
+4,048
| +129% | +$795K |
|
|
GRMN
620
Garmin
GRMN
$60B
| $1.42M | ﹤0.01% |
6,977
+10
| +0.1% | +$2.17K |
|
621
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.51B
| $1.41M | ﹤0.01% |
11,187
-244
| -2% | -$31.6K |
|
622
Fidelity MSCI Financials Index ETF
FNCL
$2.4B
| $1.41M | ﹤0.01% |
18,098
+246
| +1% | +$18.6K |
|
623
Preferred Bank
PFBC
$1.25B
| $1.4M | ﹤0.01% |
14,817
-997
| -6% | -$92.9K |
|
624
Nice
NICE
$5.97B
| $1.39M | ﹤0.01% |
12,329
-7,673
| -38% | -$927K |
|
625
Vanguard FTSE Emerging Markets ETF
VWO
$124B
| $1.39M | ﹤0.01% |
25,793
+5,808
| +29% | +$315K |
|
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.