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 | |
|---|---|---|---|---|---|---|
76
Salesforce
CRM
$158B
| $1.03B | 0.37% |
4,328,230
+101,191
| +2% | +$25.5M |
|
77
Starbucks
SBUX
$121B
| $1.02B | 0.37% |
12,025,740
+105,760
| +0.9% | +$9.47M |
|
78
Illinois Tool Works
ITW
$85.5B
| $952M | 0.34% |
3,650,562
+55,416
| +2% | +$14.4M |
|
79
Alibaba
BABA
$308B
| $946M | 0.34% |
5,293,597
+26,156
| +0.5% | +$3.43M |
|
80
Vanguard S&P 500 ETF
VOO
$1.01T
| $945M | 0.34% |
1,543,178
+21,357
| +1% | +$12.6M |
|
81
Deutsche Bank
DB
$71.5B
| $936M | 0.34% |
26,432,006
+960,605
| +4% | +$32.7M |
|
82
Novartis
NVS
$294B
| $928M | 0.34% |
7,239,366
+117,952
| +2% | +$14.4M |
|
83
CSX Corp
CSX
$94.7B
| $918M | 0.33% |
25,855,674
+583,414
| +2% | +$19.9M |
|
84
Carrier Global
CARR
$53.9B
| $904M | 0.33% |
15,139,140
+90,585
| +0.6% | +$6.15M |
|
85
Royal Bank of Canada
RY
$294B
| $885M | 0.32% |
6,004,866
+281,285
| +5% | +$38.8M |
|
86
Danaher
DHR
$140B
| $866M | 0.31% |
4,369,219
+28,583
| +0.7% | +$5.69M |
|
87
Invesco QQQ Trust
QQQ
$480B
| $838M | 0.3% |
1,396,483
-52,039
| -4% | -$29.8M |
|
88
Trane Technologies
TT
$106B
| $837M | 0.3% |
1,983,671
-14,769
| -0.7% | -$6.31M |
|
89
Boston Scientific
BSX
$69.2B
| $826M | 0.3% |
8,461,025
+755,641
| +10% | +$78.3M |
|
90
Emerson Electric
EMR
$91B
| $822M | 0.3% |
6,262,570
+1,069,122
| +21% | +$146M |
|
91
Banco Bilbao Vizcaya Argentaria
BBVA
$155B
| $737M | 0.27% |
38,310,215
-3,111,897
| -8% | -$54.4M |
|
92
Lloyds Banking Group
LYG
$90.7B
| $681M | 0.25% |
149,958,264
+1,129,641
| +0.8% | +$4.94M |
|
93
iShares Global Healthcare ETF
IXJ
$4.13B
| $659M | 0.24% |
7,439,921
+536,127
| +8% | +$46.3M |
|
94
AB InBev
BUD
$168B
| $656M | 0.24% |
11,011,683
+347,750
| +3% | +$21.9M |
|
|
95
Suncor Energy
SU
$74.2B
| $649M | 0.24% |
15,530,965
+7,158,953
| +86% | +$287M |
|
96
Sanofi
SNY
$103B
| $594M | 0.21% |
12,578,746
-556,620
| -4% | -$26.9M |
|
97
Ingersoll Rand
IR
$34.9B
| $574M | 0.21% |
6,942,711
+28,787
| +0.4% | +$2.36M |
|
|
NVO
98
Novo Nordisk
NVO
$197B
| $573M | 0.21% |
10,322,903
-678,013
| -6% | -$39.7M |
|
99
iShares Global Energy ETF
IXC
$2.75B
| $568M | 0.21% |
13,602,292
+1,068,318
| +9% | +$43.5M |
|
100
Vanguard FTSE Developed Markets ETF
VEA
$234B
| $565M | 0.2% |
9,430,708
+148,111
| +2% | +$8.63M |
|
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.