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 | |
|---|---|---|---|---|---|---|
626
Berkshire Hathaway Class A
BRK.A
$1.12T
| $1.51M | ﹤0.01% |
2
| – | – |
|
627
Archrock
AROC
$5.8B
| $1.5M | ﹤0.01% |
56,849
+11,231
| +25% | +$271K |
|
628
VanEck Pharmaceutical ETF
PPH
$938M
| $1.49M | ﹤0.01% |
16,535
+1,534
| +10% | +$134K |
|
629
Cogent Biosciences
COGT
$7.24B
| $1.49M | ﹤0.01% |
103,492
-7,416
| -7% | -$87.9K |
|
630
Palo Alto Networks
PANW
$297B
| $1.48M | ﹤0.01% |
7,254
+1,200
| +20% | +$230K |
|
631
3M
MMM
$94.3B
| $1.47M | ﹤0.01% |
9,468
-1,107
| -10% | -$171K |
|
632
VSE Corp
VSEC
$6.12B
| $1.46M | ﹤0.01% |
8,797
-1,896
| -18% | -$289K |
|
633
Suzano
SUZ
$10.1B
| $1.45M | ﹤0.01% |
154,743
+14,521
| +10% | +$138K |
|
|
TMHC
634
DELISTED
Taylor Morrison
TMHC
| $1.44M | ﹤0.01% |
21,832
-434,844
| -95% | -$28.6M |
|
635
Preferred Bank
PFBC
$1.25B
| $1.43M | ﹤0.01% |
15,814
+2,235
| +16% | +$207K |
|
636
Hormel Foods
HRL
$13.8B
| $1.41M | ﹤0.01% |
56,935
-5
| -0% | -$138 |
|
637
Sierra Bancorp
BSRR
$525M
| $1.4M | ﹤0.01% |
48,502
+7,904
| +19% | +$238K |
|
638
Oil States International
OIS
$491M
| $1.37M | ﹤0.01% |
225,704
| – | – |
|
639
iShares MSCI Taiwan ETF
EWT
$10.7B
| $1.37M | ﹤0.01% |
21,494
-1,974
| -8% | -$119K |
|
640
Revvity
RVTY
$12.8B
| $1.36M | ﹤0.01% |
15,561
+1
| +0% | +$91 |
|
641
Fidelity MSCI Financials Index ETF
FNCL
$2.4B
| $1.36M | ﹤0.01% |
17,852
+3,147
| +21% | +$237K |
|
642
Synaptics
SYNA
$4.15B
| $1.35M | ﹤0.01% |
19,734
| – | – |
|
643
McKesson
MCK
$101B
| $1.35M | ﹤0.01% |
1,742
+724
| +71% | +$510K |
|
644
Entergy
ETR
$50B
| $1.34M | ﹤0.01% |
14,346
+10,623
| +285% | +$934K |
|
645
Moody's
MCO
$82.7B
| $1.33M | ﹤0.01% |
2,784
+612
| +28% | +$309K |
|
646
Blackstone
BX
$110B
| $1.33M | ﹤0.01% |
7,755
+2,520
| +48% | +$432K |
|
647
Expeditors International
EXPD
$23.2B
| $1.32M | ﹤0.01% |
10,800
+371
| +4% | +$44.1K |
|
|
POWR
648
iShares U.S. Power Infrastructure ETF
POWR
$458M
| $1.3M | ﹤0.01% |
51,874
-193
| -0.4% | -$4.75K |
|
649
Hyster-Yale Materials Handling
HY
$665M
| $1.3M | ﹤0.01% |
35,149
| – | – |
|
650
First Mid Bancshares
FMBH
$1.36B
| $1.29M | ﹤0.01% |
34,062
| – | – |
|
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.