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 | |
|---|---|---|---|---|---|---|
951
Keysight
KEYS
$57.6B
| $241K | ﹤0.01% |
+1,187
| New | +$220K |
|
952
Take-Two Interactive
TTWO
$43.5B
| $238K | ﹤0.01% |
+928
| New | +$231K |
|
953
Zoom
ZM
$29.7B
| $235K | ﹤0.01% |
+2,721
| New | +$229K |
|
954
Mairs & Power Minnesota Municipal Bond ETF
MINN
$47.4M
| $234K | ﹤0.01% |
10,385
| – | – |
|
955
RPM International
RPM
$14.8B
| $231K | ﹤0.01% |
+2,222
| New | +$241K |
|
956
Fidelity National Information Services
FIS
$22.1B
| $230K | ﹤0.01% |
3,454
+370
| +12% | +$24.4K |
|
957
Fair Isaac
FICO
$22.3B
| $230K | ﹤0.01% |
135
-19
| -12% | -$32.7K |
|
958
WEC Energy
WEC
$35.2B
| $229K | ﹤0.01% |
2,172
+156
| +8% | +$17.3K |
|
959
Rollins
ROL
$17.7B
| $228K | ﹤0.01% |
3,792
-1,032
| -21% | -$60.6K |
|
960
Veeva Systems
VEEV
$35.4B
| $227K | ﹤0.01% |
+1,017
| New | +$270K |
|
961
Meritage Homes
MTH
$4.71B
| $226K | ﹤0.01% |
3,430
-19,266
| -85% | -$1.33M |
|
962
iShares Silver Trust
SLV
$29.8B
| $224K | ﹤0.01% |
+3,483
| New | +$174K |
|
963
Aon
AON
$76.5B
| $224K | ﹤0.01% |
635
+49
| +8% | +$17.1K |
|
964
Logitech
LOGI
$14.7B
| $223K | ﹤0.01% |
2,229
+163
| +8% | +$18.3K |
|
965
U-Haul Holding Co Series N
UHAL.B
$12.7B
| $223K | ﹤0.01% |
+4,770
| New | +$232K |
|
966
iShares MSCI Germany ETF
EWG
$1.61B
| $222K | ﹤0.01% |
5,227
+388
| +8% | +$16.1K |
|
967
Avantis Emerging Markets Equity ETF
AVEM
$26.1B
| $222K | ﹤0.01% |
+2,879
| New | +$220K |
|
968
JPMorgan Ultra-Short Income ETF
JPST
$40.3B
| $221K | ﹤0.01% |
+4,370
| New | +$221K |
|
969
Schwab Fundamental US Large Company Index ETF
FNDX
$27.2B
| $221K | ﹤0.01% |
8,121
-5,250
| -39% | -$140K |
|
970
Aecom
ACM
$9.63B
| $221K | ﹤0.01% |
2,314
+179
| +8% | +$21.1K |
|
971
Quest Diagnostics
DGX
$26.3B
| $220K | ﹤0.01% |
+1,269
| New | +$231K |
|
|
B
972
Barrick Mining
B
$69.3B
| $219K | ﹤0.01% |
+5,034
| New | +$189K |
|
973
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $218K | ﹤0.01% |
+4,118
| New | +$218K |
|
974
Public Storage
PSA
$61.1B
| $216K | ﹤0.01% |
833
+75
| +10% | +$21K |
|
975
Monolithic Power Systems
MPWR
$66.8B
| $216K | ﹤0.01% |
+238
| New | +$229K |
|
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.