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 | |
|---|---|---|---|---|---|---|
626
Blackstone
BX
$109B
| $1.38M | ﹤0.01% |
8,973
+1,218
| +16% | +$185K |
|
627
iShares Core S&P Small-Cap ETF
IJR
$112B
| $1.37M | ﹤0.01% |
11,384
+4,395
| +63% | +$526K |
|
628
VSE Corp
VSEC
$6.09B
| $1.37M | ﹤0.01% |
7,919
-878
| -10% | -$150K |
|
|
BCPC
629
Balchem Corp
BCPC
$5.72B
| $1.36M | ﹤0.01% |
+8,893
| New | +$1.36M |
|
630
Bank of Marin Bancorp
BMRC
$462M
| $1.36M | ﹤0.01% |
52,427
| – | – |
|
631
WisdomTree
WT
$3.26B
| $1.36M | ﹤0.01% |
111,666
+34
| +0% | +$411 |
|
632
Invesco NASDAQ 100 ETF
QQQM
$102B
| $1.35M | ﹤0.01% |
5,343
-2,068
| -28% | -$522K |
|
633
Atmos Energy
ATO
$29B
| $1.35M | ﹤0.01% |
8,034
+1,281
| +19% | +$221K |
|
634
Aflac
AFL
$63.4B
| $1.34M | ﹤0.01% |
12,175
+5,262
| +76% | +$580K |
|
635
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| $1.33M | ﹤0.01% |
18,372
+11,188
| +156% | +$814K |
|
636
First Mid Bancshares
FMBH
$1.37B
| $1.33M | ﹤0.01% |
34,062
| – | – |
|
637
A10 Networks
ATEN
$1.96B
| $1.32M | ﹤0.01% |
74,557
+4,875
| +7% | +$86.4K |
|
638
Palo Alto Networks
PANW
$297B
| $1.31M | ﹤0.01% |
7,127
-127
| -2% | -$25.6K |
|
639
Travere Therapeutics
TVTX
$5.81B
| $1.3M | ﹤0.01% |
33,996
-5,345
| -14% | -$174K |
|
640
Origin Bancorp
OBK
$1.66B
| $1.3M | ﹤0.01% |
34,473
-2,680
| -7% | -$96K |
|
641
iShares MSCI Taiwan ETF
EWT
$10.7B
| $1.27M | ﹤0.01% |
20,036
-1,458
| -7% | -$93.9K |
|
642
Veralto
VLTO
$24B
| $1.27M | ﹤0.01% |
12,682
+1,041
| +9% | +$105K |
|
643
Revvity
RVTY
$12.8B
| $1.25M | ﹤0.01% |
12,937
-2,624
| -17% | -$252K |
|
644
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.6B
| $1.25M | ﹤0.01% |
43,227
+10,201
| +31% | +$295K |
|
645
TD Synnex
SNX
$20.4B
| $1.24M | ﹤0.01% |
+8,276
| New | +$1.27M |
|
646
Suzano
SUZ
$10B
| $1.23M | ﹤0.01% |
131,680
-23,063
| -15% | -$210K |
|
|
CLDT
647
Chatham Lodging
CLDT
$591M
| $1.22M | ﹤0.01% |
178,505
-1,000
| -0.6% | -$6.63K |
|
648
Brookfield
BN
$108B
| $1.21M | ﹤0.01% |
26,446
+5,080
| +24% | +$232K |
|
649
Vanguard Energy ETF
VDE
$9.81B
| $1.19M | ﹤0.01% |
9,484
+1,035
| +12% | +$130K |
|
|
POWR
650
iShares U.S. Power Infrastructure ETF
POWR
$459M
| $1.19M | ﹤0.01% |
50,575
-1,299
| -3% | -$32.5K |
|
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.