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 | |
|---|---|---|---|---|---|---|
676
Hyster-Yale Materials Handling
HY
$663M
| $980K | ﹤0.01% |
32,981
-2,168
| -6% | -$71.5K |
|
677
Constellation Energy
CEG
$95.6B
| $978K | ﹤0.01% |
2,768
+508
| +22% | +$185K |
|
678
Schwab US Large-Cap Growth ETF
SCHG
$62.9B
| $963K | ﹤0.01% |
29,522
+3,333
| +13% | +$108K |
|
679
Duke Energy
DUK
$97.3B
| $954K | ﹤0.01% |
8,136
+1,309
| +19% | +$160K |
|
680
Vanguard Morningstar Small-Cap ETF
VB
$82.2B
| $950K | ﹤0.01% |
3,684
+1,618
| +78% | +$415K |
|
681
Texas Instruments
TXN
$258B
| $940K | ﹤0.01% |
5,417
-434
| -7% | -$74.3K |
|
682
American Electric Power
AEP
$68.6B
| $934K | ﹤0.01% |
8,103
+1,472
| +22% | +$174K |
|
683
Krystal Biotech
KRYS
$9.59B
| $933K | ﹤0.01% |
+3,786
| New | +$797K |
|
684
Globant
GLOB
$1.62B
| $926K | ﹤0.01% |
14,166
+3
| +0% | +$189 |
|
685
iShares Core MSCI Emerging Markets ETF
IEMG
$155B
| $914K | ﹤0.01% |
13,596
+7,305
| +116% | +$490K |
|
686
Hackett Group
HCKT
$286M
| $903K | ﹤0.01% |
45,982
+5,414
| +13% | +$103K |
|
687
Marriott International
MAR
$93.4B
| $896K | ﹤0.01% |
2,888
-1,062
| -27% | -$303K |
|
688
Yum China
YUMC
$16.3B
| $895K | ﹤0.01% |
18,741
-3,757
| -17% | -$172K |
|
689
Cooper Companies
COO
$14.5B
| $892K | ﹤0.01% |
10,886
-70,385
| -87% | -$5.27M |
|
690
FedEx
FDX
$75.1B
| $886K | ﹤0.01% |
3,067
+1,204
| +65% | +$316K |
|
691
Vanguard Total International Bond ETF
BNDX
$82.2B
| $885K | ﹤0.01% |
18,323
-18,641
| -50% | -$921K |
|
692
SPDR Gold MiniShares Trust
GLDM
$29.5B
| $884K | ﹤0.01% |
10,351
+7,725
| +294% | +$635K |
|
693
Enbridge
ENB
$112B
| $875K | ﹤0.01% |
18,284
+11,273
| +161% | +$538K |
|
694
iShares Russell Top 200 Growth ETF
IWY
$16.6B
| $874K | ﹤0.01% |
3,157
+378
| +14% | +$105K |
|
695
Las Vegas Sands
LVS
$29.4B
| $870K | ﹤0.01% |
13,369
-9,392
| -41% | -$575K |
|
696
Analog Devices
ADI
$189B
| $870K | ﹤0.01% |
3,207
+545
| +20% | +$137K |
|
697
AdvanSix
ASIX
$439M
| $868K | ﹤0.01% |
50,199
-4,634
| -8% | -$81K |
|
698
Reliance Steel & Aluminium
RS
$21.4B
| $864K | ﹤0.01% |
2,992
+57
| +2% | +$16K |
|
699
iShares MSCI Emerging Markets ex China ETF
EMXC
$23.9B
| $862K | ﹤0.01% |
+11,866
| New | +$842K |
|
700
Essex Property Trust
ESS
$18.5B
| $854K | ﹤0.01% |
3,264
+1,183
| +57% | +$306K |
|
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.