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 |
SAP
SAP
|
+$2.15B |
| 2 |
UBS Group
UBS
|
+$1.53B |
| 3 |
BP
BP
|
+$1.23B |
| 4 |
Spotify
SPOT
|
+$1.13B |
| 5 |
Barclays
BCS
|
+$1.09B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$2.73B |
| 2 |
Advanced Micro Devices
AMD
|
+$2.53B |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$2.47B |
| 4 |
Broadcom
AVGO
|
+$2.43B |
| 5 |
Netflix
NFLX
|
+$2.34B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.26% |
| 2 | Financials | 16.92% |
| 3 | Healthcare | 11.65% |
| 4 | Industrials | 8.55% |
| 5 | Energy | 7.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Pegasystems
PEGA
$5.38B
| $43.2M | 0.02% |
1,243,566
-32,432
| -3% | -$1.43M |
|
227
Sally Beauty Holdings
SBH
$1.57B
| $43.2M | 0.02% |
4,783,249
+2,275,328
| +91% | +$22.4M |
|
228
Tenable Holdings
TENB
$3.97B
| $43.2M | 0.02% |
1,233,591
-4,805
| -0.4% | -$188K |
|
229
Brinker International
EAT
$9.67B
| $42.9M | 0.02% |
287,967
-249,768
| -46% | -$38.4M |
|
230
United Bankshares
UBSI
$6.63B
| $42.7M | 0.02% |
1,231,659
+58,849
| +5% | +$2.16M |
|
231
APi Group
APG
$18B
| $42.7M | 0.02% |
1,789,541
-124,812
| -7% | -$3.13M |
|
232
Glacier Bancorp
GBCI
$6.37B
| $42.6M | 0.02% |
962,455
-21,601
| -2% | -$1.04M |
|
233
Lumentum
LITE
$69.2B
| $41.8M | 0.02% |
670,268
-17,043
| -2% | -$1.31M |
|
234
Range Resources
RRC
$8.98B
| $41.4M | 0.02% |
1,035,798
+21,742
| +2% | +$836K |
|
235
WillScot Mobile Mini Holdings
WSC
$4.43B
| $41.1M | 0.02% |
1,478,629
+216,463
| +17% | +$7.36M |
|
236
Biogen
BIIB
$30.7B
| $40.9M | 0.02% |
299,030
+118,106
| +65% | +$16.9M |
|
237
Webster Financial
WBS
$12.8B
| $40.5M | 0.02% |
785,583
-30,596
| -4% | -$1.7M |
|
238
Independence Realty Trust
IRT
$4.07B
| $40M | 0.02% |
1,883,671
-58,281
| -3% | -$1.17M |
|
239
Matador Resources
MTDR
$6.08B
| $39.8M | 0.02% |
779,949
-5,661
| -0.7% | -$313K |
|
240
Domino's
DPZ
$11.7B
| $39.7M | 0.02% |
86,497
+826
| +1% | +$374K |
|
241
Owens Corning
OC
$12.4B
| $39.4M | 0.02% |
275,874
+75,002
| +37% | +$12.4M |
|
242
EnerSys
ENS
$7.03B
| $39.1M | 0.02% |
427,405
+33,125
| +8% | +$3.23M |
|
243
Shopify
SHOP
$195B
| $38.5M | 0.02% |
403,482
-178,498
| -31% | -$19.5M |
|
244
Charles River Laboratories
CRL
$12.6B
| $38.4M | 0.02% |
255,223
+22,905
| +10% | +$3.84M |
|
245
Piper Sandler
PIPR
$5.27B
| $38.2M | 0.02% |
616,836
-6,800
| -1% | -$487K |
|
246
Cavco Industries
CVCO
$4.57B
| $37.7M | 0.02% |
72,479
-1,032
| -1% | -$519K |
|
247
Grocery Outlet
GO
$969M
| $37.3M | 0.02% |
2,664,742
+2,612,615
| +5,012% | +$38.6M |
|
248
Vanguard Information Technology ETF
VGT
$148B
| $37M | 0.02% |
546,224
-142,184
| -21% | -$10.7M |
|
249
UFP Industries
UFPI
$5.19B
| $36.8M | 0.02% |
343,851
-1,917
| -0.6% | -$214K |
|
250
Curtiss-Wright
CW
$25.6B
| $35.9M | 0.02% |
113,158
+9,348
| +9% | +$3.15M |
|
Similar funds
Ken Fisher's Q1 2025 Portfolio in Review
As of Q1 2025, Ken Fisher held 1,092 positions worth $231B, down 8.1% from $251B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Ken Fisher withdrew a net $11.5B in Q1 2025, closing 93 positions and reducing 435 holdings. Its most notable exit was United Microelectronic, an estimated $47.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 30% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Ken Fisher opened a new position in Spotify worth $1.12B.
- Ken Fisher's largest Q1 2025 buy was Spotify: 2,028,898 shares worth $1.12B.
- Ken Fisher added most to SAP in Q1 2025, an estimated $2.15B increase.
- Ken Fisher's biggest Q1 2025 reduction was Amazon, cutting an estimated $2.73B.
- Ken Fisher fully exited United Microelectronic in Q1 2025, selling an estimated $47.4M.
- Ken Fisher's ten largest holdings make up 30% of its $231B portfolio in Q1 2025.
- Ken Fisher opened 117 new positions and closed 93 in Q1 2025.
- Ken Fisher's portfolio value fell 8.1% quarter-over-quarter to $231B.
Based on Fisher Asset Management's 13F filing for Q1 2025, filed 14 May 2025.