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 | |
|---|---|---|---|---|---|---|
976
State Street SPDR US Large Cap Low Volatility Index ETF
LGLV
$1.22B
| $215K | ﹤0.01% |
1,227
-252
| -17% | -$44.2K |
|
977
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17.6B
| $214K | ﹤0.01% |
+4,566
| New | +$215K |
|
978
Gold Fields
GFI
$33.4B
| $214K | ﹤0.01% |
+4,895
| New | +$205K |
|
979
Cadence Design Systems
CDNS
$93.2B
| $214K | ﹤0.01% |
683
-4
| -0.6% | -$1.3K |
|
980
JPMorgan BetaBuilders Europe ETF
BBEU
$9.47B
| $213K | ﹤0.01% |
+2,908
| New | +$207K |
|
981
Capital Group Global Growth Equity ETF
CGGO
$11.7B
| $213K | ﹤0.01% |
6,134
-295
| -5% | -$10.2K |
|
982
Monster Beverage
MNST
$92.1B
| $212K | ﹤0.01% |
+2,766
| New | +$198K |
|
983
Janus Henderson AAA CLO ETF
JAAA
$29.2B
| $212K | ﹤0.01% |
+4,182
| New | +$212K |
|
984
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.58B
| $211K | ﹤0.01% |
2,159
-214
| -9% | -$21.1K |
|
985
KB Home
KBH
$3.49B
| $211K | ﹤0.01% |
3,743
-32,554
| -90% | -$2M |
|
986
Gen Digital
GEN
$16.8B
| $210K | ﹤0.01% |
7,735
+430
| +6% | +$11.6K |
|
987
Consolidated Edison
ED
$40.2B
| $210K | ﹤0.01% |
+2,116
| New | +$210K |
|
988
Humana
HUM
$44.1B
| $210K | ﹤0.01% |
+818
| New | +$214K |
|
989
Idexx Laboratories
IDXX
$46.5B
| $206K | ﹤0.01% |
+304
| New | +$207K |
|
990
Dominion Energy
D
$58.8B
| $205K | ﹤0.01% |
3,501
-800
| -19% | -$48.2K |
|
991
Pultegroup
PHM
$24.7B
| $205K | ﹤0.01% |
+1,746
| New | +$214K |
|
992
Nokia
NOK
$52.6B
| $205K | ﹤0.01% |
31,624
+9,481
| +43% | +$58.8K |
|
993
Martin Marietta Materials
MLM
$32.3B
| $205K | ﹤0.01% |
328
-55
| -14% | -$34.2K |
|
994
Trinity Industries
TRN
$2.47B
| $203K | ﹤0.01% |
7,682
| – | – |
|
995
Tractor Supply
TSCO
$17.9B
| $203K | ﹤0.01% |
+4,058
| New | +$219K |
|
996
HP
HPQ
$25.8B
| $203K | ﹤0.01% |
9,094
-83
| -0.9% | -$2.12K |
|
997
Dimensional US Targeted Value ETF
DFAT
$14.7B
| $202K | ﹤0.01% |
3,397
-593
| -15% | -$34.6K |
|
998
Globe Life
GL
$14.4B
| $201K | ﹤0.01% |
+1,437
| New | +$195K |
|
999
Constellium
CSTM
$3.88B
| $192K | ﹤0.01% |
+10,173
| New | +$169K |
|
1000
Kopin
KOPN
$756M
| $154K | ﹤0.01% |
65,875
| – | – |
|
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.