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 | |
|---|---|---|---|---|---|---|
726
Nicolet Bankshares
NIC
$3.64B
| $705K | ﹤0.01% |
5,811
-2,330
| -29% | -$295K |
|
727
Cintas
CTAS
$80.9B
| $703K | ﹤0.01% |
3,738
+555
| +17% | +$105K |
|
728
iShares Europe ETF
IEV
$1.69B
| $697K | ﹤0.01% |
10,163
-823
| -7% | -$55K |
|
729
SITE Centers
SITC
$164M
| $682K | ﹤0.01% |
106,307
-4,092
| -4% | -$30.9K |
|
730
Public Service Enterprise Group
PEG
$37.4B
| $681K | ﹤0.01% |
8,478
+988
| +13% | +$80.6K |
|
731
Aviat Networks
AVNW
$272M
| $678K | ﹤0.01% |
+31,719
| New | +$708K |
|
732
BNY Mellon US Large Cap Core Equity ETF
BKLC
$5.63B
| $678K | ﹤0.01% |
15,537
+147
| +1% | +$6.36K |
|
733
Motorola Solutions
MSI
$78.5B
| $675K | ﹤0.01% |
1,760
+297
| +20% | +$119K |
|
734
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$17.2B
| $675K | ﹤0.01% |
+7,547
| New | +$673K |
|
735
Deckers Outdoor
DECK
$13.3B
| $672K | ﹤0.01% |
6,485
-1,072
| -14% | -$100K |
|
736
Vanguard Health Care ETF
VHT
$18.4B
| $661K | ﹤0.01% |
2,296
+888
| +63% | +$248K |
|
737
Travelers Companies
TRV
$80.5B
| $658K | ﹤0.01% |
2,266
+54
| +2% | +$15.2K |
|
738
Vanguard Consumer Discretionary ETF
VCR
$6.24B
| $654K | ﹤0.01% |
1,660
+59
| +4% | +$23.1K |
|
739
Leidos
LDOS
$17B
| $639K | ﹤0.01% |
3,541
+1,704
| +93% | +$323K |
|
740
Viper Energy
VNOM
$14.9B
| $637K | ﹤0.01% |
16,499
-14,373
| -47% | -$544K |
|
741
HCA Healthcare
HCA
$88.5B
| $635K | ﹤0.01% |
1,360
+225
| +20% | +$104K |
|
742
Vanguard High Dividend Yield ETF
VYM
$82.3B
| $629K | ﹤0.01% |
4,382
+2,892
| +194% | +$411K |
|
743
Cameco
CCJ
$40.8B
| $617K | ﹤0.01% |
6,741
+1,789
| +36% | +$161K |
|
744
Quanex
NX
$959M
| $614K | ﹤0.01% |
39,946
| – | – |
|
745
Cencora
COR
$62B
| $611K | ﹤0.01% |
1,810
+451
| +33% | +$154K |
|
746
PayPal
PYPL
$51.1B
| $600K | ﹤0.01% |
10,285
-264
| -3% | -$17.1K |
|
747
Interactive Brokers
IBKR
$38.8B
| $596K | ﹤0.01% |
9,260
+1,496
| +19% | +$100K |
|
748
Broadridge
BR
$18.8B
| $594K | ﹤0.01% |
2,662
+1,075
| +68% | +$245K |
|
749
VanEck China Bond ETF
CBON
$26.3M
| $593K | ﹤0.01% |
25,951
| – | – |
|
750
Microchip Technology
MCHP
$40.4B
| $590K | ﹤0.01% |
9,254
+4,065
| +78% | +$251K |
|
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.