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 | |
|---|---|---|---|---|---|---|
651
NIO
NIO
$11.9B
| $1.17M | ﹤0.01% |
229,172
-82,442
| -26% | -$509K |
|
652
McKesson
MCK
$102B
| $1.17M | ﹤0.01% |
1,422
-320
| -18% | -$261K |
|
653
PDF Solutions
PDFS
$2.06B
| $1.16M | ﹤0.01% |
40,603
+2,517
| +7% | +$69.7K |
|
654
CrowdStrike
CRWD
$216B
| $1.14M | ﹤0.01% |
9,700
+952
| +11% | +$121K |
|
655
Paylocity
PCTY
$8.03B
| $1.13M | ﹤0.01% |
7,382
+122
| +2% | +$18.2K |
|
656
IQVIA
IQV
$38.9B
| $1.13M | ﹤0.01% |
4,993
-106
| -2% | -$23.1K |
|
657
Corning
GLW
$143B
| $1.12M | ﹤0.01% |
12,763
+830
| +7% | +$71.5K |
|
658
Mirum Pharmaceuticals
MIRM
$6.13B
| $1.11M | ﹤0.01% |
+14,089
| New | +$1.01M |
|
659
Movado Group
MOV
$843M
| $1.11M | ﹤0.01% |
53,695
-5,318
| -9% | -$104K |
|
|
BNY
660
Bank of New York Mellon
BNY
$107B
| $1.1M | ﹤0.01% |
9,465
+3,126
| +49% | +$346K |
|
661
State Street SPDR S&P Retail ETF
XRT
$327M
| $1.1M | ﹤0.01% |
12,857
+29
| +0.2% | +$2.44K |
|
662
Enterprise Products Partners
EPD
$81.8B
| $1.1M | ﹤0.01% |
34,192
+2,409
| +8% | +$76.2K |
|
663
Vanguard Dividend Appreciation ETF
VIG
$114B
| $1.09M | ﹤0.01% |
4,978
+204
| +4% | +$44.6K |
|
664
Global Payments
GPN
$22.5B
| $1.08M | ﹤0.01% |
13,890
-4,780
| -26% | -$385K |
|
665
Accenture
ACN
$107B
| $1.07M | ﹤0.01% |
3,988
+946
| +31% | +$240K |
|
666
State Street Utilities Select Sector SPDR ETF
XLU
$22.6B
| $1.07M | ﹤0.01% |
24,955
+15,741
| +171% | +$697K |
|
667
State Street SPDR Russell 1000 Low Volatility Focus ETF
ONEV
$308M
| $1.05M | ﹤0.01% |
+7,846
| New | +$1.04M |
|
668
Moody's
MCO
$82.3B
| $1.04M | ﹤0.01% |
2,042
-742
| -27% | -$362K |
|
669
Vanguard Russell 1000 Growth ETF
VONG
$45B
| $1.03M | ﹤0.01% |
8,495
+5,835
| +219% | +$711K |
|
670
W&T Offshore
WTI
$522M
| $1.01M | ﹤0.01% |
617,428
-252,792
| -29% | -$485K |
|
671
Kroger
KR
$34.7B
| $1M | ﹤0.01% |
16,011
+1,739
| +12% | +$114K |
|
672
Sprott Physical Gold
PHYS
$15.7B
| $992K | ﹤0.01% |
30,054
-63
| -0.2% | -$1.99K |
|
673
iShares MSCI ACWI ETF
ACWI
$33.5B
| $985K | ﹤0.01% |
+6,959
| New | +$977K |
|
674
Archer Daniels Midland
ADM
$36.8B
| $983K | ﹤0.01% |
17,098
+13,576
| +385% | +$811K |
|
675
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
| $982K | ﹤0.01% |
29,058
-2,436
| -8% | -$82.5K |
|
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.