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 | |
|---|---|---|---|---|---|---|
151
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.13B
| $122M | 0.04% |
2,687,863
-418,466
| -13% | -$18.7M |
|
152
Invesco
IVZ
$14.1B
| $119M | 0.04% |
5,197,841
+258,995
| +5% | +$5.38M |
|
153
iShares Core US Aggregate Bond ETF
AGG
$138B
| $118M | 0.04% |
1,177,835
+54,196
| +5% | +$5.38M |
|
154
JD.com
JD
$43.9B
| $118M | 0.04% |
3,373,804
-60,131
| -2% | -$1.96M |
|
155
IDEX
IEX
$17.5B
| $118M | 0.04% |
724,802
+17,579
| +2% | +$2.97M |
|
156
Booking.com
BKNG
$160B
| $118M | 0.04% |
544,250
-46,925
| -8% | -$10.5M |
|
157
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.38B
| $116M | 0.04% |
657,517
-26,536
| -4% | -$4.62M |
|
158
Linde
LIN
$226B
| $113M | 0.04% |
238,878
+11,472
| +5% | +$5.43M |
|
159
Advanced Micro Devices
AMD
$786B
| $110M | 0.04% |
679,658
-85,527
| -11% | -$13.8M |
|
160
Evercore
EVR
$12.3B
| $110M | 0.04% |
325,179
+5,406
| +2% | +$1.69M |
|
161
Lowe's Companies
LOW
$123B
| $108M | 0.04% |
430,585
-9,111
| -2% | -$2.24M |
|
162
Northrop Grumman
NOC
$79.2B
| $107M | 0.04% |
174,786
-6,755
| -4% | -$3.83M |
|
163
Ralph Lauren
RL
$22.7B
| $105M | 0.04% |
333,605
+65,863
| +25% | +$19.6M |
|
164
Lincoln Electric
LECO
$15.2B
| $103M | 0.04% |
437,883
-14,776
| -3% | -$3.46M |
|
165
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $103M | 0.04% |
1,308,289
-24,379
| -2% | -$1.97M |
|
166
Terex
TEX
$7.55B
| $102M | 0.04% |
1,980,567
-57,179
| -3% | -$2.91M |
|
167
Flowserve
FLS
$10.1B
| $101M | 0.04% |
1,907,262
+48,641
| +3% | +$2.64M |
|
168
AeroVironment
AVAV
$8.51B
| $98.6M | 0.04% |
312,985
+15,824
| +5% | +$4.09M |
|
169
Invesco NASDAQ Internet ETF
PNQI
$542M
| $98.3M | 0.04% |
1,760,444
-69,762
| -4% | -$3.75M |
|
170
HEICO Corp
HEI
$51.3B
| $94M | 0.03% |
291,098
-45,749
| -14% | -$14.6M |
|
171
MYR Group
MYRG
$5.2B
| $93.7M | 0.03% |
450,402
+4,203
| +0.9% | +$784K |
|
172
Powell Industries
POWL
$7.59B
| $91.6M | 0.03% |
901,488
+299,571
| +50% | +$25.4M |
|
173
Lazard
LAZ
$4.26B
| $90.9M | 0.03% |
1,722,504
+20,591
| +1% | +$1.11M |
|
|
CVSA
174
Covista Inc
CVSA
$4.39B
| $88.3M | 0.03% |
571,485
+235,880
| +70% | +$30.2M |
|
175
iShares Expanded Tech-Software Sector ETF
IGV
$14.3B
| $86.3M | 0.03% |
750,426
-43,964
| -6% | -$4.87M |
|
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.