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 | |
|---|---|---|---|---|---|---|
126
Autodesk
ADSK
$50.8B
| $241M | 0.09% |
758,902
+357,157
| +89% | +$109M |
|
127
Vale
VALE
$62.9B
| $236M | 0.09% |
21,742,504
+37,244
| +0.2% | +$380K |
|
128
iShares US Financials ETF
IYF
$4.61B
| $226M | 0.08% |
1,783,857
-50,109
| -3% | -$6.2M |
|
129
Amgen
AMGN
$218B
| $222M | 0.08% |
785,284
+375,463
| +92% | +$109M |
|
130
iShares US Pharmaceuticals ETF
IHE
$1.64B
| $209M | 0.08% |
2,886,342
-90,349
| -3% | -$6.23M |
|
131
iShares MSCI Japan ETF
EWJ
$22.6B
| $208M | 0.08% |
2,590,908
-86,367
| -3% | -$6.68M |
|
132
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.6B
| $206M | 0.07% |
3,432,156
-696,675
| -17% | -$41.6M |
|
133
Qualcomm
QCOM
$169B
| $198M | 0.07% |
1,189,799
-82,962
| -7% | -$13.2M |
|
134
Canadian National Railway
CNI
$76.5B
| $195M | 0.07% |
2,062,815
+239,015
| +13% | +$23.1M |
|
135
Trip.com Group
TCOM
$29B
| $189M | 0.07% |
2,511,656
-18,907
| -0.7% | -$1.26M |
|
136
iShare MSCI Eurozone ETF
EZU
$9.84B
| $185M | 0.07% |
2,979,466
+237,256
| +9% | +$14.2M |
|
137
Petrobras
PBR
$120B
| $181M | 0.07% |
14,295,108
-292,066
| -2% | -$3.67M |
|
138
Mercado Libre
MELI
$91.5B
| $177M | 0.06% |
75,823
-1,499
| -2% | -$3.6M |
|
139
NetEase
NTES
$83.1B
| $172M | 0.06% |
1,133,052
+50,861
| +5% | +$7M |
|
140
T. Rowe Price
TROW
$24.3B
| $169M | 0.06% |
1,649,203
-21,335
| -1% | -$2.24M |
|
141
Nu Holdings
NU
$68.3B
| $167M | 0.06% |
10,438,299
+55,033
| +0.5% | +$768K |
|
142
EOG Resources
EOG
$71B
| $152M | 0.06% |
1,354,744
+44,738
| +3% | +$5.34M |
|
143
Infosys
INFY
$50.3B
| $146M | 0.05% |
8,954,374
-34,391
| -0.4% | -$592K |
|
144
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.31B
| $143M | 0.05% |
3,217,941
-115,020
| -3% | -$4.67M |
|
|
SF
145
Stifel
SF
$12.7B
| $141M | 0.05% |
1,866,152
-38,623
| -2% | -$2.89M |
|
146
Jefferies Financial Group
JEF
$13B
| $138M | 0.05% |
2,115,548
+32,708
| +2% | +$1.99M |
|
147
Canadian Imperial Bank of Commerce
CM
$108B
| $135M | 0.05% |
1,686,816
+435,799
| +35% | +$32.8M |
|
148
Lumentum
LITE
$66.1B
| $133M | 0.05% |
817,809
-2,421
| -0.3% | -$302K |
|
149
Urban Outfitters
URBN
$6.65B
| $132M | 0.05% |
1,847,922
+50,837
| +3% | +$3.74M |
|
150
Acuity Brands
AYI
$10.7B
| $124M | 0.04% |
359,281
-6,685
| -2% | -$2.13M |
|
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.