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 | |
|---|---|---|---|---|---|---|
176
Old National Bancorp
ONB
$10.3B
| $85.3M | 0.03% |
3,885,962
+3,125
| +0.1% | +$69.1K |
|
177
XP
XP
$8.77B
| $84.9M | 0.03% |
4,518,971
+4,994
| +0.1% | +$89.6K |
|
178
Eaton
ETN
$174B
| $84.9M | 0.03% |
226,818
+1,621
| +0.7% | +$590K |
|
179
Onto Innovation
ONTO
$14.3B
| $84.8M | 0.03% |
656,002
+118,642
| +22% | +$12.7M |
|
180
McDonald's
MCD
$195B
| $83.7M | 0.03% |
275,561
-14,740
| -5% | -$4.49M |
|
|
JHG
181
DELISTED
Janus Henderson
JHG
| $80.4M | 0.03% |
1,807,154
+268,483
| +17% | +$11.6M |
|
182
East-West Bancorp
EWBC
$18.3B
| $79.5M | 0.03% |
746,628
+13,405
| +2% | +$1.41M |
|
183
ATI
ATI
$28B
| $77.9M | 0.03% |
957,648
+329,668
| +52% | +$26.7M |
|
184
Pinduoduo
PDD
$129B
| $76.1M | 0.03% |
575,944
+11,800
| +2% | +$1.4M |
|
185
State Street Communication Services Select Sector SPDR ETF
XLC
$22.3B
| $75.1M | 0.03% |
634,310
-2,570
| -0.4% | -$286K |
|
186
Regal Rexnord
RRX
$12.2B
| $74.3M | 0.03% |
517,898
+21,329
| +4% | +$3.14M |
|
187
Nomura Holdings
NMR
$29B
| $72.2M | 0.03% |
9,930,506
+100,704
| +1% | +$707K |
|
188
Medpace
MEDP
$16.4B
| $70.8M | 0.03% |
137,746
+12,399
| +10% | +$5.41M |
|
189
O'Reilly Automotive
ORLY
$76.3B
| $70.7M | 0.03% |
655,988
-17,846
| -3% | -$1.79M |
|
190
Sally Beauty Holdings
SBH
$1.48B
| $70.7M | 0.03% |
4,343,773
-199,131
| -4% | -$2.5M |
|
191
Carpenter Technology
CRS
$28.3B
| $69.6M | 0.03% |
283,647
-999
| -0.4% | -$255K |
|
192
Tapestry
TPR
$32.2B
| $68.9M | 0.02% |
608,266
+108,278
| +22% | +$11.3M |
|
193
Herc Holdings
HRI
$5.64B
| $68.6M | 0.02% |
588,396
+3,549
| +0.6% | +$458K |
|
194
ZTO Express
ZTO
$18B
| $68.5M | 0.02% |
3,567,147
-10,017
| -0.3% | -$192K |
|
195
Mercury Systems
MRCY
$6.45B
| $67.7M | 0.02% |
875,279
+153,946
| +21% | +$9.57M |
|
196
Columbia Banking Systems
COLB
$8.87B
| $67.6M | 0.02% |
2,627,448
+625,434
| +31% | +$15.9M |
|
197
TJX Companies
TJX
$177B
| $67.6M | 0.02% |
467,417
-12,107
| -3% | -$1.61M |
|
198
iShares MSCI Switzerland ETF
EWL
$2.22B
| $67.4M | 0.02% |
1,220,089
-58,130
| -5% | -$3.18M |
|
199
Curtiss-Wright
CW
$27.6B
| $65.4M | 0.02% |
120,535
+8,095
| +7% | +$3.99M |
|
200
Pegasystems
PEGA
$5.23B
| $65.4M | 0.02% |
1,136,734
-56,501
| -5% | -$3.11M |
|
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.