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 | |
|---|---|---|---|---|---|---|
826
Ameriprise Financial
AMP
$49.5B
| $393K | ﹤0.01% |
802
+345
| +75% | +$164K |
|
827
Target
TGT
$66.8B
| $393K | ﹤0.01% |
4,015
+85
| +2% | +$7.83K |
|
828
Seagate
STX
$193B
| $388K | ﹤0.01% |
1,410
+183
| +15% | +$47.5K |
|
829
BlackRock US Equity Factor Rotation ETF
DYNF
$39.8B
| $386K | ﹤0.01% |
+6,340
| New | +$381K |
|
830
Schwab U.S Small- Cap ETF
SCHA
$22.8B
| $385K | ﹤0.01% |
13,535
+1,036
| +8% | +$29.3K |
|
831
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$41.2B
| $384K | ﹤0.01% |
8,655
-3,693
| -30% | -$161K |
|
|
CTRA
832
DELISTED
Coterra Energy
CTRA
| $378K | ﹤0.01% |
14,372
+614
| +4% | +$15.5K |
|
833
Quanta Services
PWR
$100B
| $378K | ﹤0.01% |
895
+106
| +13% | +$46.6K |
|
834
NXP Semiconductors
NXPI
$58.4B
| $378K | ﹤0.01% |
1,739
+373
| +27% | +$80K |
|
835
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.7B
| $377K | ﹤0.01% |
1,778
-1,051
| -37% | -$220K |
|
836
iShares S&P Mid-Cap 400 Growth ETF
IJK
$11B
| $377K | ﹤0.01% |
3,887
+111
| +3% | +$10.7K |
|
837
Sherwin-Williams
SHW
$88.2B
| $376K | ﹤0.01% |
1,160
-220
| -16% | -$73.6K |
|
838
Zoetis
ZTS
$32.4B
| $374K | ﹤0.01% |
2,975
+599
| +25% | +$78.1K |
|
839
AutoZone
AZO
$50.1B
| $373K | ﹤0.01% |
110
+1
| +0.9% | +$3.78K |
|
840
Alarm.com
ALRM
$2.78B
| $373K | ﹤0.01% |
7,315
+160
| +2% | +$8.16K |
|
841
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.3B
| $369K | ﹤0.01% |
767
+138
| +22% | +$65.3K |
|
842
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$54.1B
| $367K | ﹤0.01% |
3,436
-3,505
| -50% | -$372K |
|
843
Dell
DELL
$283B
| $366K | ﹤0.01% |
+2,908
| New | +$410K |
|
844
Vanguard FTSE All-World ex-US ETF
VEU
$67.8B
| $364K | ﹤0.01% |
4,947
-4,795
| -49% | -$349K |
|
|
WCN
845
Waste Connections
WCN
$42.2B
| $364K | ﹤0.01% |
2,073
+211
| +11% | +$36.5K |
|
846
Amdocs
DOX
$6.28B
| $363K | ﹤0.01% |
4,514
+261
| +6% | +$21K |
|
847
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $361K | ﹤0.01% |
4,630
-1,725
| -27% | -$135K |
|
848
iShares Russell Mid-Cap ETF
IWR
$56.7B
| $359K | ﹤0.01% |
3,727
+129
| +4% | +$12.4K |
|
849
Schwab US TIPS ETF
SCHP
$16.3B
| $358K | ﹤0.01% |
+13,523
| New | +$363K |
|
850
Owens Corning
OC
$11.9B
| $355K | ﹤0.01% |
3,176
-324,407
| -99% | -$38.1M |
|
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.