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 | |
|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$4.72T
| $15.8B | 5.71% |
84,563,575
+2,052,153
| +2% | +$358M |
|
|
2
Apple
AAPL
$4.9T
| $13.9B | 5.02% |
54,442,459
+886,473
| +2% | +$200M |
|
|
3
Microsoft
MSFT
$3.35T
| $12.9B | 4.66% |
24,842,396
+545,027
| +2% | +$278M |
|
4
Alphabet (Google) Class A
GOOGL
$4.08T
| $9.12B | 3.3% |
37,522,955
+837,893
| +2% | +$176M |
|
|
5
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
| $8.46B | 3.06% |
87,662,438
+30,011,547
| +52% | +$2.87B |
|
6
Amazon
AMZN
$2.53T
| $7.27B | 2.63% |
33,103,688
+621,669
| +2% | +$141M |
|
|
7
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $6.78B | 2.45% |
80,637,353
-21,616,511
| -21% | -$1.8B |
|
8
Goldman Sachs
GS
$302B
| $5.3B | 1.92% |
6,661,422
+121,676
| +2% | +$90.2M |
|
9
TSMC
TSM
$2.09T
| $4.98B | 1.8% |
17,833,127
+168,171
| +1% | +$41.1M |
|
10
JPMorgan Chase
JPM
$933B
| $4.96B | 1.8% |
15,722,443
+347,033
| +2% | +$103M |
|
11
Meta Platforms (Facebook)
META
$1.37T
| $4.77B | 1.73% |
6,496,418
+139,751
| +2% | +$104M |
|
12
Caterpillar
CAT
$373B
| $4.5B | 1.63% |
9,439,197
+20,876
| +0.2% | +$8.91M |
|
13
ASML
ASML
$634B
| $4.21B | 1.53% |
4,352,596
+108,342
| +3% | +$85.2M |
|
14
Broadcom
AVGO
$1.85T
| $4.16B | 1.51% |
12,611,740
+237,295
| +2% | +$72.8M |
|
15
Walmart Inc
WMT
$884B
| $4.15B | 1.5% |
40,298,623
+634,211
| +2% | +$63.1M |
|
16
Home Depot
HD
$332B
| $4.1B | 1.49% |
10,130,293
+197,211
| +2% | +$77.5M |
|
17
Morgan Stanley
MS
$330B
| $3.89B | 1.41% |
24,494,146
+448,960
| +2% | +$66.3M |
|
18
SAP
SAP
$209B
| $3.89B | 1.41% |
14,549,331
+392,010
| +3% | +$110M |
|
19
RTX Corp
RTX
$289B
| $3.54B | 1.28% |
21,174,194
+575,004
| +3% | +$89.3M |
|
20
ExxonMobil
XOM
$651B
| $3.52B | 1.27% |
31,194,493
+340,785
| +1% | +$37.9M |
|
21
Eli Lilly
LLY
$1.03T
| $3.4B | 1.23% |
4,453,062
+150,595
| +4% | +$112M |
|
22
Citigroup
C
$222B
| $3.35B | 1.21% |
33,040,513
+879,056
| +3% | +$83.4M |
|
23
Chevron
CVX
$383B
| $3.28B | 1.19% |
21,152,060
+325,255
| +2% | +$50.4M |
|
24
Sony
SONY
$134B
| $3.13B | 1.13% |
104,644,526
+2,766,460
| +3% | +$74.4M |
|
25
American Express
AXP
$228B
| $2.95B | 1.07% |
8,881,546
+146,586
| +2% | +$46.6M |
|
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.