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 | |
|---|---|---|---|---|---|---|
701
BNY Mellon Core Bond ETF
BKAG
$2.22B
| $847K | ﹤0.01% |
19,981
+12,779
| +177% | +$544K |
|
702
Archrock
AROC
$5.85B
| $835K | ﹤0.01% |
32,099
-24,750
| -44% | -$615K |
|
703
iShares Gold Trust
IAU
$66B
| $834K | ﹤0.01% |
10,274
+6,717
| +189% | +$525K |
|
704
iShares MSCI Spain ETF
EWP
$2.15B
| $832K | ﹤0.01% |
15,442
+131
| +0.9% | +$6.7K |
|
705
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.3B
| $832K | ﹤0.01% |
16,075
+2,142
| +15% | +$112K |
|
706
Vanguard Real Estate ETF
VNQ
$38.8B
| $824K | ﹤0.01% |
9,314
+3,079
| +49% | +$277K |
|
707
Genpact
G
$6.13B
| $824K | ﹤0.01% |
17,604
+17
| +0.1% | +$735 |
|
708
iShares Global Financials ETF
IXG
$686M
| $807K | ﹤0.01% |
6,680
-102
| -2% | -$11.9K |
|
709
GE HealthCare
GEHC
$31.8B
| $798K | ﹤0.01% |
9,729
+5,175
| +114% | +$403K |
|
710
Howmet Aerospace
HWM
$116B
| $795K | ﹤0.01% |
3,879
+1,251
| +48% | +$249K |
|
711
Schwab International Equity ETF
SCHF
$68B
| $777K | ﹤0.01% |
32,324
+3,068
| +10% | +$72.9K |
|
712
Amphenol
APH
$210B
| $776K | ﹤0.01% |
5,740
+1,537
| +37% | +$206K |
|
713
Fidelity MSCI Health Care Index ETF
FHLC
$3.33B
| $773K | ﹤0.01% |
10,402
-471
| -4% | -$33.9K |
|
714
Invesco S&P MidCap Quality ETF
XMHQ
$5.56B
| $770K | ﹤0.01% |
+7,514
| New | +$775K |
|
715
Hershey
HSY
$36.8B
| $767K | ﹤0.01% |
4,216
+2,766
| +191% | +$506K |
|
716
Truist Financial
TFC
$64.2B
| $763K | ﹤0.01% |
15,506
+6,778
| +78% | +$312K |
|
717
Invesco S&P 500 Equal Weight ETF
RSP
$98.8B
| $762K | ﹤0.01% |
3,976
+1,820
| +84% | +$345K |
|
718
Newmont
NEM
$111B
| $760K | ﹤0.01% |
7,612
+2,478
| +48% | +$224K |
|
719
Tyra Biosciences
TYRA
$1.61B
| $757K | ﹤0.01% |
+28,800
| New | +$529K |
|
720
Oneok
OKE
$55.4B
| $745K | ﹤0.01% |
10,134
-2,343
| -19% | -$166K |
|
721
Mondelez International
MDLZ
$80.1B
| $743K | ﹤0.01% |
13,800
+3,009
| +28% | +$173K |
|
722
Vanguard S&P 500 Growth ETF
VOOG
$27B
| $729K | ﹤0.01% |
9,834
+1,788
| +22% | +$132K |
|
723
iShares MSCI EAFE Value ETF
EFV
$29.2B
| $721K | ﹤0.01% |
10,097
+5,003
| +98% | +$348K |
|
|
PENG
724
Penguin Solutions Inc
PENG
$2.88B
| $716K | ﹤0.01% |
+36,599
| New | +$784K |
|
725
State Street
STT
$50.8B
| $714K | ﹤0.01% |
5,531
+1,732
| +46% | +$207K |
|
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.