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 | |
|---|---|---|---|---|---|---|
876
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $327K | ﹤0.01% |
+541
| New | +$324K |
|
877
Prudential Financial
PRU
$41.9B
| $322K | ﹤0.01% |
2,855
-196
| -6% | -$21K |
|
878
Welltower
WELL
$170B
| $317K | ﹤0.01% |
1,710
+123
| +8% | +$23K |
|
879
Digi International
DGII
$3.13B
| $317K | ﹤0.01% |
+7,317
| New | +$293K |
|
880
Robinhood
HOOD
$81.6B
| $315K | ﹤0.01% |
2,787
+36
| +1% | +$4.68K |
|
881
Vanguard Short-Term Treasury ETF
VGSH
$29.2B
| $315K | ﹤0.01% |
+5,355
| New | +$315K |
|
882
First Trust Rising Dividend Achievers ETF
RDVY
$25.5B
| $314K | ﹤0.01% |
4,520
-1,997
| -31% | -$136K |
|
883
PennyMac Financial
PFSI
$4B
| $314K | ﹤0.01% |
+2,378
| New | +$303K |
|
884
Schwab US Broad Market ETF
SCHB
$44.5B
| $313K | ﹤0.01% |
11,950
+1,972
| +20% | +$51.3K |
|
885
Air Products & Chemicals
APD
$66.8B
| $313K | ﹤0.01% |
1,265
-354
| -22% | -$89.7K |
|
886
KKR & Co
KKR
$92.8B
| $312K | ﹤0.01% |
2,447
+457
| +23% | +$56.8K |
|
|
XYZ
887
Block Inc
XYZ
$47B
| $311K | ﹤0.01% |
4,782
+54
| +1% | +$3.73K |
|
888
Vulcan Materials
VMC
$36.5B
| $311K | ﹤0.01% |
1,090
+86
| +9% | +$25.2K |
|
889
Franklin FTSE Japan ETF
FLJP
$4.02B
| $308K | ﹤0.01% |
8,935
-35
| -0.4% | -$1.24K |
|
890
WisdomTree India Earnings Fund ETF
EPI
$2.05B
| $306K | ﹤0.01% |
+6,620
| New | +$303K |
|
|
SOLS
891
Solstice Advanced Materials
SOLS
$9.88B
| $306K | ﹤0.01% |
+6,297
| New | +$296K |
|
892
Generac Holdings
GNRC
$12.5B
| $305K | ﹤0.01% |
2,233
-42
| -2% | -$6.78K |
|
893
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.46B
| $303K | ﹤0.01% |
3,515
+530
| +18% | +$45.3K |
|
894
Agilent Technologies
A
$39.9B
| $301K | ﹤0.01% |
2,214
+556
| +34% | +$79.9K |
|
895
Arm
ARM
$306B
| $299K | ﹤0.01% |
+2,732
| New | +$397K |
|
896
State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
$18.6B
| $296K | ﹤0.01% |
+5,103
| New | +$293K |
|
897
iShares MSCI USA Momentum Factor ETF
MTUM
$26.1B
| $295K | ﹤0.01% |
1,178
+211
| +22% | +$53K |
|
898
Live Nation Entertainment
LYV
$42.3B
| $292K | ﹤0.01% |
2,048
+207
| +11% | +$29.8K |
|
899
Markel Group
MKL
$23.2B
| $289K | ﹤0.01% |
134
-66
| -33% | -$134K |
|
900
Realty Income
O
$58.2B
| $285K | ﹤0.01% |
5,053
+1,019
| +25% | +$59K |
|
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.