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 | |
|---|---|---|---|---|---|---|
801
Alcon
ALC
$34.6B
| $438K | ﹤0.01% |
5,882
-786
| -12% | -$65.6K |
|
802
Zimmer Biomet
ZBH
$18.3B
| $433K | ﹤0.01% |
4,395
-95
| -2% | -$9.41K |
|
803
Newmont
NEM
$118B
| $433K | ﹤0.01% |
+5,134
| New | +$358K |
|
804
Ecolab
ECL
$79.8B
| $433K | ﹤0.01% |
1,580
+358
| +29% | +$97.2K |
|
805
Fidelity Total Bond ETF
FBND
$27.2B
| $431K | ﹤0.01% |
+9,322
| New | +$428K |
|
806
Teekay
TK
$976M
| $429K | ﹤0.01% |
52,500
+1,900
| +4% | +$15.1K |
|
807
Wabtec
WAB
$49.8B
| $426K | ﹤0.01% |
2,124
+164
| +8% | +$32.4K |
|
808
Cencora
COR
$61.4B
| $425K | ﹤0.01% |
1,359
+436
| +47% | +$128K |
|
809
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$14B
| $424K | ﹤0.01% |
5,260
+225
| +4% | +$17.5K |
|
810
Simon Property Group
SPG
$72.2B
| $417K | ﹤0.01% |
+2,221
| New | +$383K |
|
811
Fidelity MSCI Consumer Staples Index ETF
FSTA
$1.42B
| $416K | ﹤0.01% |
8,346
-29
| -0.3% | -$1.48K |
|
812
Cameco
CCJ
$42.2B
| $415K | ﹤0.01% |
+4,952
| New | +$384K |
|
813
iShares Core MSCI Emerging Markets ETF
IEMG
$155B
| $415K | ﹤0.01% |
6,291
-7,818
| -55% | -$488K |
|
814
Cheniere Energy
LNG
$54.4B
| $413K | ﹤0.01% |
1,758
-102
| -5% | -$24K |
|
815
Invesco S&P 500 Equal Weight ETF
RSP
$99.3B
| $409K | ﹤0.01% |
2,156
+368
| +21% | +$68.6K |
|
816
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$722M
| $407K | ﹤0.01% |
9,872
| – | – |
|
817
Ionis Pharmaceuticals
IONS
$9.18B
| $406K | ﹤0.01% |
+6,210
| New | +$303K |
|
818
State Street Utilities Select Sector SPDR ETF
XLU
$22.6B
| $402K | ﹤0.01% |
9,214
+508
| +6% | +$21.5K |
|
819
Ziff Davis
ZD
$2B
| $401K | ﹤0.01% |
10,531
| – | – |
|
820
Truist Financial
TFC
$64.1B
| $399K | ﹤0.01% |
8,728
+1,556
| +22% | +$70.2K |
|
821
Chipotle Mexican Grill
CMG
$42.1B
| $397K | ﹤0.01% |
10,141
+4,607
| +83% | +$207K |
|
822
Robinhood
HOOD
$84B
| $394K | ﹤0.01% |
2,751
+403
| +17% | +$43.9K |
|
823
W.W. Grainger
GWW
$60.3B
| $393K | ﹤0.01% |
412
+10
| +2% | +$10K |
|
824
iShares MSCI France ETF
EWQ
$344M
| $391K | ﹤0.01% |
8,907
-4
| -0% | -$172 |
|
825
Cedar Fair
FUN
$1.59B
| $390K | ﹤0.01% |
17,182
-434
| -2% | -$11.5K |
|
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.