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 | |
|---|---|---|---|---|---|---|
126
iShares US Financials ETF
IYF
$4.63B
| $223M | 0.08% |
1,733,313
-50,544
| -3% | -$6.32M |
|
127
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33B
| $215M | 0.07% |
1,954,244
-271,603
| -12% | -$30.2M |
|
128
iShare MSCI Eurozone ETF
EZU
$9.84B
| $214M | 0.07% |
3,335,268
+355,802
| +12% | +$22.3M |
|
129
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.7B
| $210M | 0.07% |
3,501,599
+69,443
| +2% | +$4.18M |
|
|
130
Itaú Unibanco
ITUB
$90.5B
| $204M | 0.07% |
28,540,037
-34,724,708
| -55% | -$247M |
|
131
iShares MSCI Japan ETF
EWJ
$22.5B
| $202M | 0.07% |
2,503,057
-87,851
| -3% | -$7.22M |
|
132
Lumentum
LITE
$64.3B
| $197M | 0.07% |
535,723
-282,086
| -34% | -$72.4M |
|
133
Qualcomm
QCOM
$165B
| $194M | 0.07% |
1,135,639
-54,160
| -5% | -$9.28M |
|
134
Canadian Imperial Bank of Commerce
CM
$108B
| $191M | 0.07% |
2,102,615
+415,799
| +25% | +$35.7M |
|
135
Banco Bradesco
BBD
$37.9B
| $176M | 0.06% |
52,926,543
-35,478,749
| -40% | -$121M |
|
136
Trip.com Group
TCOM
$28.9B
| $175M | 0.06% |
2,431,248
-80,408
| -3% | -$5.75M |
|
137
Nu Holdings
NU
$69.9B
| $171M | 0.06% |
10,242,185
-196,114
| -2% | -$3.15M |
|
138
Petrobras
PBR
$118B
| $166M | 0.06% |
13,982,981
-312,127
| -2% | -$3.81M |
|
139
T. Rowe Price
TROW
$24.5B
| $164M | 0.06% |
1,605,819
-43,384
| -3% | -$4.48M |
|
140
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.34B
| $160M | 0.05% |
3,117,717
-100,224
| -3% | -$4.73M |
|
141
NetEase
NTES
$82B
| $153M | 0.05% |
1,112,284
-20,768
| -2% | -$2.95M |
|
|
SF
142
Stifel
SF
$12.8B
| $150M | 0.05% |
1,797,053
-69,099
| -4% | -$5.52M |
|
143
Mercado Libre
MELI
$97.5B
| $147M | 0.05% |
72,902
-2,921
| -4% | -$6.14M |
|
144
Invesco
IVZ
$14.1B
| $145M | 0.05% |
5,508,744
+310,903
| +6% | +$7.59M |
|
145
AbbVie
ABBV
$435B
| $144M | 0.05% |
628,338
+352,487
| +128% | +$80.3M |
|
146
EOG Resources
EOG
$70.4B
| $142M | 0.05% |
1,349,116
-5,628
| -0.4% | -$605K |
|
147
Urban Outfitters
URBN
$6.67B
| $138M | 0.05% |
1,828,815
-19,107
| -1% | -$1.35M |
|
148
Advanced Micro Devices
AMD
$786B
| $134M | 0.05% |
624,427
-55,231
| -8% | -$12.4M |
|
149
Jefferies Financial Group
JEF
$13B
| $131M | 0.04% |
2,115,316
-232
| -0% | -$13.3K |
|
150
Flowserve
FLS
$10B
| $129M | 0.04% |
1,865,429
-41,833
| -2% | -$2.69M |
|
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.