2026년 2월 10일 · Unknown · financial · 출처 Yahoo Finance
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Exploring Ken Fisher (Trades, Portfolio)'s Latest 13F Filing and Investment Strategy
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Ken Fisher (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2025, providing insights into his investment moves during this period. Ken Fisher (Trades, Portfolio) is the Chief Executive Officer and Chief Investment Officer of Fisher Investments. He has been writing Forbes' prestigious "Portfolio Strategy" column for over two decades, making him one of the longest-running columnists in the magazine's 85+ year history. During his many years of money management and market commentary, Ken has distinguished himself by making numerous, accurate market calls, often in direct opposition to Wall Street's consensus forecast. He is the son of legendary investor Philip A. Fisher, and Ken is the only industry professional his father ever trained. Ken has also written three major finance books, including the 1984 Dow Jones best-seller, Super Stocks, and has been published and/or interviewed in many major global finance and business periodicals. The investment philosophy at Fisher Investments is based on the idea that supply and demand of securities is the sole determinant of their pricing. Furthermore, they believe that all widely known information has already been priced into the market. The way to add value, according to the Fisher strategy, is to "identify information not widely known, or to interpret widely known information differently and correctly from other market participants." Fisher Investments employs a team of research analysts to accomplish these tasks.Ken Fisher's Strategic Moves: iShares 7-10 Year Treasury Bond ETF Takes Center Stage
Summary of New Buy
Ken Fisher (Trades, Portfolio) added a total of 113 stocks, among them:
The most significant addition was TotalEnergies SE (NYSE:TTE), with 19,324,336 shares, accounting for 0.43% of the portfolio and a total value of $1.26 billion. The second largest addition to the portfolio was Arcellx Inc (NASDAQ:ACLX), consisting of 322,855 shares, representing approximately 0.01% of the portfolio, with a total value of $21,050,150. The third largest addition was Bel Fuse Inc (NASDAQ:BELFB), with 251,608 shares, accounting for 0.01% of the portfolio and a total value of $42,680,260.
Key Position Increases
Ken Fisher (Trades, Portfolio) also increased stakes in a total of 479 stocks, among them:
The most notable increase was iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF), with an additional 47,170,533 shares, bringing the total to 134,832,971 shares. This adjustment represents a significant 53.81% increase in share count, a 1.55% impact on the current portfolio, with a total value of $12,965,538,650. The second largest increase was Broadcom Inc (NASDAQ:AVGO), with an additional 1,232,466 shares, bringing the total to 13,844,206. This adjustment represents a significant 9.77% increase in share count, with a total value of $4,791,480,050.
Story Continues
Summary of Sold Out
Ken Fisher (Trades, Portfolio) completely exited 114 of the holdings in the fourth quarter of 2025, as detailed below:
TotalEnergies SE (NYSE:TTE): Ken Fisher (Trades, Portfolio) sold all 19,963,832 shares, resulting in a -0.43% impact on the portfolio. Infosys Ltd (NYSE:INFY): Ken Fisher (Trades, Portfolio) liquidated all 8,954,374 shares, causing a -0.05% impact on the portfolio.
Key Position Reduces
Ken Fisher (Trades, Portfolio) also reduced positions in 399 stocks. The most significant changes include:
Reduced iShares MBS ETF (NASDAQ:MBB) by 21,448,046 shares, resulting in a -95.31% decrease in shares and a -0.74% impact on the portfolio. The stock traded at an average price of $95.39 during the quarter and has returned 1.22% over the past 3 months and 0.69% year-to-date. Reduced State Street SPDR Portfolio Long Term Treasury ETF (SPTL) by 59,477,965 shares, resulting in a -98.17% reduction in shares and a -0.58% impact on the portfolio. The stock traded at an average price of $26.98 during the quarter and has returned -0.71% over the past 3 months and 0.60% year-to-date.
Portfolio Overview
At the fourth quarter of 2025, Ken Fisher (Trades, Portfolio)'s portfolio included 1,014 stocks, with top holdings including 5.48% in NVIDIA Corp (NASDAQ:NVDA), 5.12% in Apple Inc (NASDAQ:AAPL), 4.43% in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF), 4.18% in Microsoft Corp (NASDAQ:MSFT), and 4.07% in Alphabet Inc (NASDAQ:GOOGL).Ken Fisher's Strategic Moves: iShares 7-10 Year Treasury Bond ETF Takes Center Stage
The holdings are mainly concentrated in 10 of all the 11 industries: Technology, Financial Services, Healthcare, Industrials, Communication Services, Energy, Consumer Cyclical, Consumer Defensive, Basic Materials, and Real Estate.
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