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 | |
|---|---|---|---|---|---|---|
101
NatWest
NWG
$76.5B
| $555M | 0.2% |
39,234,322
+1,702,930
| +5% | +$24M |
|
102
Crown Castle
CCI
$32.3B
| $526M | 0.19% |
5,452,502
+103,153
| +2% | +$10.4M |
|
103
PACCAR
PCAR
$70.2B
| $502M | 0.18% |
5,107,956
-42,274
| -0.8% | -$4.17M |
|
104
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| $465M | 0.17% |
3,017,301
+99,099
| +3% | +$15M |
|
105
Itaú Unibanco
ITUB
$90.5B
| $451M | 0.16% |
63,264,745
-77,341
| -0.1% | -$511K |
|
106
Alphabet (Google) Class C
GOOG
$4.4T
| $417M | 0.15% |
1,711,243
-39,528
| -2% | -$8.31M |
|
107
Coca-Cola
KO
$374B
| $417M | 0.15% |
6,281,302
-125,367
| -2% | -$8.63M |
|
108
Canadian Pacific Kansas City
CP
$80.4B
| $414M | 0.15% |
5,556,114
+124,798
| +2% | +$9.53M |
|
109
Parker-Hannifin
PH
$126B
| $411M | 0.15% |
542,337
+45,310
| +9% | +$33.4M |
|
110
Vanguard FTSE Europe ETF
VGK
$31.1B
| $402M | 0.15% |
5,039,998
-44,724
| -0.9% | -$3.5M |
|
111
iShares Global Industrials ETF
EXI
$1.48B
| $376M | 0.14% |
2,175,019
+323,810
| +17% | +$54.7M |
|
112
American Tower
AMT
$78.3B
| $353M | 0.13% |
1,835,008
+14,738
| +0.8% | +$3.07M |
|
113
Norfolk Southern
NSC
$76.8B
| $341M | 0.12% |
1,133,629
+79,049
| +7% | +$22M |
|
114
iShares Global Consumer Staples ETF
KXI
$1.07B
| $337M | 0.12% |
5,238,785
+733,219
| +16% | +$47.9M |
|
115
Honda
HMC
$39.7B
| $326M | 0.12% |
10,572,505
+205,016
| +2% | +$6.69M |
|
116
Lennox International
LII
$15.4B
| $317M | 0.11% |
598,648
+13,651
| +2% | +$7.97M |
|
117
HDFC Bank
HDB
$123B
| $313M | 0.11% |
9,172,694
+99,046
| +1% | +$3.65M |
|
118
iShares Global Tech ETF
IXN
$8.77B
| $309M | 0.11% |
2,995,668
+36,169
| +1% | +$3.5M |
|
119
Southern Copper
SCCO
$164B
| $307M | 0.11% |
2,597,932
-57,989
| -2% | -$5.69M |
|
120
Banco Bradesco
BBD
$37.9B
| $299M | 0.11% |
88,405,292
+306,617
| +0.3% | +$925K |
|
121
Rockwell Automation
ROK
$50.1B
| $287M | 0.1% |
822,501
+29,998
| +4% | +$10.4M |
|
122
Dover
DOV
$28.3B
| $272M | 0.1% |
1,633,133
+67,588
| +4% | +$12.1M |
|
123
Invesco KBW Bank ETF
KBWB
$6.95B
| $255M | 0.09% |
3,265,162
+273,692
| +9% | +$20.6M |
|
124
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33B
| $248M | 0.09% |
2,225,847
-836,423
| -27% | -$91.9M |
|
125
US Bancorp
USB
$100B
| $246M | 0.09% |
5,080,941
-184,911
| -4% | -$8.75M |
|
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.