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 | |
|---|---|---|---|---|---|---|
51
Capital One
COF
$136B
| $1.55B | 0.56% |
7,296,227
-357,454
| -5% | -$78.3M |
|
52
ServiceNow
NOW
$121B
| $1.52B | 0.55% |
8,280,110
+98,670
| +1% | +$18.4M |
|
53
Union Pacific
UNP
$176B
| $1.52B | 0.55% |
6,428,229
+29,514
| +0.5% | +$6.65M |
|
|
54
Adobe
ADBE
$103B
| $1.49B | 0.54% |
4,234,478
-333,339
| -7% | -$120M |
|
55
ING
ING
$103B
| $1.49B | 0.54% |
57,140,954
-3,752,253
| -6% | -$90.4M |
|
56
Mitsubishi UFJ Financial
MUFG
$253B
| $1.46B | 0.53% |
91,486,499
+1,973,325
| +2% | +$29.2M |
|
57
Cummins
CMI
$89.7B
| $1.42B | 0.51% |
3,367,001
+91,956
| +3% | +$35.3M |
|
58
GSK
GSK
$103B
| $1.39B | 0.5% |
32,227,615
+889,210
| +3% | +$34.7M |
|
59
ConocoPhillips
COP
$140B
| $1.39B | 0.5% |
14,653,966
+260,091
| +2% | +$24.6M |
|
60
Unilever
UL
$139B
| $1.34B | 0.48% |
20,033,704
+852,684
| +4% | +$58.8M |
|
|
61
Canadian Natural Resources
CNQ
$93.3B
| $1.32B | 0.48% |
41,403,027
-6,536,558
| -14% | -$205M |
|
62
Toyota
TM
$220B
| $1.32B | 0.48% |
6,909,198
+81,564
| +1% | +$15.4M |
|
63
Thermo Fisher Scientific
TMO
$214B
| $1.32B | 0.48% |
2,721,101
+31,298
| +1% | +$14.6M |
|
64
BHP
BHP
$227B
| $1.29B | 0.47% |
23,149,649
+307,397
| +1% | +$16.4M |
|
65
Rio Tinto
RIO
$165B
| $1.26B | 0.46% |
19,120,168
+557,234
| +3% | +$34.5M |
|
66
Pfizer
PFE
$147B
| $1.26B | 0.45% |
49,288,054
+897,786
| +2% | +$22.2M |
|
67
Deere & Co
DE
$165B
| $1.24B | 0.45% |
2,722,018
+141,790
| +5% | +$69.9M |
|
68
HSBC
HSBC
$352B
| $1.23B | 0.45% |
17,398,460
+355,089
| +2% | +$23.1M |
|
69
iShares MSCI Europe Financials ETF
EUFN
$4.27B
| $1.23B | 0.45% |
35,932,610
+587,501
| +2% | +$19.5M |
|
70
Stryker
SYK
$129B
| $1.22B | 0.44% |
3,310,122
-140,114
| -4% | -$54.1M |
|
71
TotalEnergies
TTE
$188B
| $1.19B | 0.43% |
19,963,832
-522,833
| -3% | -$32.2M |
|
72
Boeing
BA
$190B
| $1.19B | 0.43% |
5,505,040
+177,597
| +3% | +$40M |
|
73
PepsiCo
PEP
$189B
| $1.14B | 0.41% |
8,112,038
+155,636
| +2% | +$22.2M |
|
74
Banco Santander
SAN
$209B
| $1.13B | 0.41% |
107,629,107
-9,962,970
| -8% | -$92.8M |
|
75
iShares National Muni Bond ETF
MUB
$45.4B
| $1.04B | 0.37% |
9,725,773
+810,838
| +9% | +$84.9M |
|
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.