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 | |
|---|---|---|---|---|---|---|
251
United Rentals
URI
$72.4B
| $35.5M | 0.02% |
56,614
+1,154
| +2% | +$793K |
|
252
Bio-Rad Laboratories Class A
BIO
$9.42B
| $35M | 0.02% |
143,626
+36,755
| +34% | +$11.1M |
|
253
Shake Shack
SHAK
$2.87B
| $34.8M | 0.02% |
394,740
-55,056
| -12% | -$5.97M |
|
254
Simpson Manufacturing
SSD
$8.16B
| $34.5M | 0.01% |
219,840
+1,953
| +0.9% | +$321K |
|
255
Nucor
NUE
$62.1B
| $34.4M | 0.01% |
285,568
+6,385
| +2% | +$823K |
|
256
Murphy Oil
MUR
$4.78B
| $34.2M | 0.01% |
1,204,725
-66,033
| -5% | -$1.86M |
|
257
Powell Industries
POWL
$7.71B
| $34.1M | 0.01% |
+600,741
| New | +$41.9M |
|
258
ATI
ATI
$31.1B
| $33.9M | 0.01% |
651,492
-12,237
| -2% | -$695K |
|
259
Dr. Reddy's Laboratories
RDY
$10.2B
| $33.5M | 0.01% |
2,542,502
+73,780
| +3% | +$1.02M |
|
260
Honeywell
HON
$78B
| $33.4M | 0.01% |
167,461
-11,585
| -6% | -$2.34M |
|
261
Yelp
YELP
$1.41B
| $33.3M | 0.01% |
899,605
-89,771
| -9% | -$3.38M |
|
262
Baker Hughes
BKR
$61.1B
| $33.3M | 0.01% |
757,704
-25,180
| -3% | -$1.12M |
|
263
SPS Commerce
SPSC
$2.64B
| $33.1M | 0.01% |
249,498
-15,828
| -6% | -$2.49M |
|
264
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $32.4M | 0.01% |
411,008
-33,662
| -8% | -$2.64M |
|
265
HubSpot
HUBS
$10.5B
| $32.2M | 0.01% |
56,366
-184
| -0.3% | -$129K |
|
266
First American
FAF
$7.58B
| $32.1M | 0.01% |
489,831
-24,652
| -5% | -$1.56M |
|
267
American Eagle Outfitters
AEO
$3.01B
| $32M | 0.01% |
2,751,305
+636,275
| +30% | +$9.09M |
|
268
Cytokinetics
CYTK
$10.4B
| $31.9M | 0.01% |
793,458
+176,966
| +29% | +$8.13M |
|
269
D.R. Horton
DHI
$42.3B
| $31.8M | 0.01% |
250,348
+12,389
| +5% | +$1.66M |
|
270
iShares 1-3 Year Treasury Bond ETF
SHY
$25.1B
| $31.5M | 0.01% |
380,660
+90,276
| +31% | +$7.42M |
|
271
Mercury Systems
MRCY
$6.52B
| $31.1M | 0.01% |
720,938
+325,673
| +82% | +$14.3M |
|
272
AeroVironment
AVAV
$9.45B
| $31M | 0.01% |
260,337
+42,531
| +20% | +$6.53M |
|
273
APA Corp
APA
$13.3B
| $30.4M | 0.01% |
1,448,250
+199,976
| +16% | +$4.39M |
|
|
UCB
274
United Community Banks
UCB
$4.28B
| $29.9M | 0.01% |
1,063,026
+9,681
| +0.9% | +$303K |
|
275
UMB Financial
UMBF
$11.1B
| $29.4M | 0.01% |
291,220
+894
| +0.3% | +$98.6K |
|
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.