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 | |
|---|---|---|---|---|---|---|
201
Artisan Partners
APAM
$3.04B
| $65.2M | 0.02% |
1,502,287
+22,790
| +2% | +$1.05M |
|
202
Marvell Technology
MRVL
$189B
| $64.5M | 0.02% |
767,540
-37,759
| -5% | -$2.78M |
|
203
Shake Shack
SHAK
$3B
| $63.9M | 0.02% |
682,510
+167,740
| +33% | +$19.3M |
|
204
AbbVie
ABBV
$435B
| $63.9M | 0.02% |
275,851
-7,729
| -3% | -$1.57M |
|
205
Raymond James Financial
RJF
$34.7B
| $63.4M | 0.02% |
367,253
-120,948
| -25% | -$20M |
|
206
Fulton Financial
FULT
$4.73B
| $62.7M | 0.02% |
3,363,509
+203,708
| +6% | +$3.85M |
|
207
Life Time Group Holdings
LTH
$10.1B
| $62.2M | 0.02% |
2,252,256
+818,911
| +57% | +$23.4M |
|
208
Wintrust Financial
WTFC
$10.9B
| $61.5M | 0.02% |
464,530
-13,052
| -3% | -$1.72M |
|
209
SouthState Bank Corp
SSB
$10.6B
| $60M | 0.02% |
607,254
-187,229
| -24% | -$18.4M |
|
210
APi Group
APG
$18.1B
| $59.7M | 0.02% |
1,736,977
+119,596
| +7% | +$4.17M |
|
211
Xylem
XYL
$28.5B
| $59.7M | 0.02% |
404,613
+24,352
| +6% | +$3.38M |
|
212
Otis Worldwide
OTIS
$27.8B
| $59.3M | 0.02% |
648,867
-37,831
| -6% | -$3.43M |
|
213
Home BancShares
HOMB
$6.26B
| $58.9M | 0.02% |
2,082,532
+88,563
| +4% | +$2.57M |
|
214
Huntington Bancshares
HBAN
$35.6B
| $58.5M | 0.02% |
3,384,670
+33,583
| +1% | +$574K |
|
215
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23B
| $58M | 0.02% |
483,930
-13,620
| -3% | -$1.56M |
|
216
United Rentals
URI
$72.3B
| $58M | 0.02% |
60,714
+4,505
| +8% | +$4.01M |
|
217
Piper Sandler
PIPR
$5.14B
| $57.4M | 0.02% |
661,728
+59,144
| +10% | +$4.82M |
|
218
Pool Corp
POOL
$7.51B
| $57.1M | 0.02% |
184,045
-3,397
| -2% | -$1.06M |
|
219
Applied Materials
AMAT
$424B
| $56.5M | 0.02% |
275,817
-14,176
| -5% | -$2.57M |
|
220
Aramark
ARMK
$15B
| $56.4M | 0.02% |
1,468,699
+622,430
| +74% | +$25.2M |
|
221
Fidelity Nasdaq Composite Index ETF
ONEQ
$10.8B
| $56.1M | 0.02% |
629,917
-37,402
| -6% | -$3.16M |
|
222
Acushnet Holdings
GOLF
$6.04B
| $55.3M | 0.02% |
704,151
+495,794
| +238% | +$38.5M |
|
223
Winmark
WINA
$1.3B
| $54.5M | 0.02% |
109,427
+27,275
| +33% | +$11.7M |
|
224
VanEck Semiconductor ETF
SMH
$71.6B
| $53.1M | 0.02% |
162,708
-10,431
| -6% | -$3.09M |
|
225
Kennametal
KMT
$2.6B
| $52.7M | 0.02% |
2,517,344
-47,600
| -2% | -$1.07M |
|
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.