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 | |
|---|---|---|---|---|---|---|
751
Solid Biosciences
SLDB
$857M
| $584K | ﹤0.01% |
+103,481
| New | +$561K |
|
752
ProShares Russell 2000 Dividend Growers ETF
SMDV
$707M
| $582K | ﹤0.01% |
+8,800
| New | +$585K |
|
753
Carnival Corporation Ltd
CCL
$39.4B
| $581K | ﹤0.01% |
19,030
+10,919
| +135% | +$304K |
|
754
Kinder Morgan
KMI
$69.7B
| $579K | ﹤0.01% |
21,075
+10,212
| +94% | +$276K |
|
755
Dianthus Therapeutics
DNTH
$6.15B
| $575K | ﹤0.01% |
+13,948
| New | +$541K |
|
756
Vanguard Short-Term Bond ETF
BSV
$44.6B
| $573K | ﹤0.01% |
7,268
+3,031
| +72% | +$239K |
|
757
Corteva
CTVA
$51.3B
| $572K | ﹤0.01% |
8,534
+1,214
| +17% | +$78.5K |
|
758
W.W. Grainger
GWW
$60.4B
| $572K | ﹤0.01% |
566
+154
| +37% | +$149K |
|
759
BJs Wholesale Club
BJ
$12.4B
| $569K | ﹤0.01% |
6,323
+97
| +2% | +$8.9K |
|
760
Clorox
CLX
$12.8B
| $568K | ﹤0.01% |
5,635
-418
| -7% | -$45.4K |
|
761
Cincinnati Financial
CINF
$27.5B
| $560K | ﹤0.01% |
+3,430
| New | +$556K |
|
762
JPMorgan Equity Premium Income ETF
JEPI
$45.9B
| $553K | ﹤0.01% |
+9,663
| New | +$552K |
|
763
Apollo Global Management
APO
$73.7B
| $549K | ﹤0.01% |
3,793
+1,946
| +105% | +$258K |
|
|
AXON
764
Axon Enterprise
AXON
$42.4B
| $547K | ﹤0.01% |
963
+52
| +6% | +$32.3K |
|
765
TE Connectivity
TEL
$62.3B
| $547K | ﹤0.01% |
2,405
+271
| +13% | +$62.7K |
|
766
Ecolab
ECL
$79.5B
| $547K | ﹤0.01% |
2,082
+502
| +32% | +$134K |
|
767
iShares Core S&P US Growth ETF
IUSG
$33.4B
| $546K | ﹤0.01% |
3,252
+1,319
| +68% | +$220K |
|
768
Wabtec
WAB
$49.9B
| $539K | ﹤0.01% |
2,526
+402
| +19% | +$82.6K |
|
769
Allstate
ALL
$69.6B
| $537K | ﹤0.01% |
2,581
-149
| -5% | -$30.5K |
|
770
iShares Global Materials ETF
MXI
$355M
| $532K | ﹤0.01% |
5,503
-417
| -7% | -$38.7K |
|
771
Invesco California AMT-Free Municipal Bond ETF
PWZ
$1.16B
| $532K | ﹤0.01% |
22,000
| – | – |
|
772
Energy Transfer Partners
ET
$71.2B
| $528K | ﹤0.01% |
31,989
+10,079
| +46% | +$168K |
|
773
Skywest
SKYW
$4.4B
| $527K | ﹤0.01% |
5,245
-755
| -13% | -$75.6K |
|
774
iShares MSCI EAFE Growth ETF
EFG
$17B
| $526K | ﹤0.01% |
4,618
+2,350
| +104% | +$269K |
|
|
SCHV
775
Schwab US Large-Cap Value ETF
SCHV
$16B
| $524K | ﹤0.01% |
+17,701
| New | +$517K |
|
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.