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 | |
|---|---|---|---|---|---|---|
101
Parker-Hannifin
PH
$126B
| $502M | 0.17% |
571,270
+28,933
| +5% | +$23.7M |
|
|
NVO
102
Novo Nordisk
NVO
$197B
| $498M | 0.17% |
9,784,222
-538,681
| -5% | -$27.5M |
|
103
Crown Castle
CCI
$32.3B
| $489M | 0.17% |
5,506,580
+54,078
| +1% | +$4.97M |
|
104
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| $484M | 0.17% |
3,119,968
+102,667
| +3% | +$15.8M |
|
105
Coca-Cola
KO
$374B
| $446M | 0.15% |
6,381,600
+100,298
| +2% | +$6.99M |
|
106
iShares Global Industrials ETF
EXI
$1.48B
| $438M | 0.15% |
2,497,916
+322,897
| +15% | +$55.9M |
|
107
HDFC Bank
HDB
$122B
| $433M | 0.15% |
11,850,762
+2,678,068
| +29% | +$96.3M |
|
108
Canadian Pacific Kansas City
CP
$80.4B
| $425M | 0.15% |
5,773,272
+217,158
| +4% | +$16M |
|
109
Vanguard FTSE Europe ETF
VGK
$31.1B
| $416M | 0.14% |
4,972,221
-67,777
| -1% | -$5.51M |
|
110
iShares Global Consumer Staples ETF
KXI
$1.07B
| $390M | 0.13% |
6,032,649
+793,864
| +15% | +$51.4M |
|
111
Southern Copper
SCCO
$164B
| $364M | 0.12% |
2,583,364
-14,568
| -0.6% | -$1.93M |
|
112
Rockwell Automation
ROK
$50.1B
| $334M | 0.11% |
857,529
+35,028
| +4% | +$13.2M |
|
113
Norfolk Southern
NSC
$76.8B
| $329M | 0.11% |
1,140,990
+7,361
| +0.6% | +$2.13M |
|
114
iShares Global Tech ETF
IXN
$8.77B
| $321M | 0.11% |
3,053,228
+57,560
| +2% | +$6.08M |
|
115
Dover
DOV
$28.3B
| $314M | 0.11% |
1,610,141
-22,992
| -1% | -$4.19M |
|
116
American Tower
AMT
$78.3B
| $312M | 0.11% |
1,779,533
-55,475
| -3% | -$10.1M |
|
117
Honda
HMC
$39.7B
| $310M | 0.11% |
10,532,249
-40,256
| -0.4% | -$1.22M |
|
118
Invesco KBW Bank ETF
KBWB
$6.95B
| $301M | 0.1% |
3,568,214
+303,052
| +9% | +$24M |
|
119
Amgen
AMGN
$220B
| $296M | 0.1% |
903,557
+118,273
| +15% | +$37.5M |
|
120
Vale
VALE
$63.6B
| $281M | 0.1% |
21,597,376
-145,128
| -0.7% | -$1.76M |
|
121
US Bancorp
USB
$100B
| $261M | 0.09% |
4,900,163
-180,778
| -4% | -$8.89M |
|
122
Cisco
CSCO
$479B
| $246M | 0.08% |
3,187,873
+2,858,205
| +867% | +$212M |
|
123
iShares US Pharmaceuticals ETF
IHE
$1.64B
| $240M | 0.08% |
2,825,644
-60,698
| -2% | -$4.84M |
|
124
Canadian National Railway
CNI
$77.1B
| $225M | 0.08% |
2,279,778
+216,963
| +11% | +$20.9M |
|
125
Autodesk
ADSK
$50.7B
| $225M | 0.08% |
761,009
+2,107
| +0.3% | +$637K |
|
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.