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 |
Royal Bank of Canada
RY
|
+$647M |
| 2 |
Sony
SONY
|
+$407M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$394M |
| 4 |
SAP
SAP
|
+$333M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$308M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$1.41B |
| 2 |
NVIDIA
NVDA
|
+$1.04B |
| 3 |
Salesforce
CRM
|
+$1.02B |
| 4 |
Eli Lilly
LLY
|
+$883M |
| 5 |
JPMorgan Chase
JPM
|
+$764M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.47% |
| 2 | Financials | 18.4% |
| 3 | Industrials | 9.35% |
| 4 | Healthcare | 9.18% |
| 5 | Communication Services | 6.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Nike
NKE
$62B
| $35M | 0.01% |
492,646
-268,699
| -35% | -$16.1M |
|
252
Granite Construction
GVA
$5.47B
| $34.7M | 0.01% |
371,531
+131
| +0% | +$11K |
|
253
Honeywell
HON
$78.7B
| $34.4M | 0.01% |
156,661
-10,800
| -6% | -$2.19M |
|
254
Domino's
DPZ
$12.1B
| $33.9M | 0.01% |
75,310
-11,187
| -13% | -$5.25M |
|
255
Range Resources
RRC
$9.03B
| $33.5M | 0.01% |
824,406
-211,392
| -20% | -$7.97M |
|
256
Bio-Rad Laboratories Class A
BIO
$9.13B
| $33.2M | 0.01% |
137,742
-5,884
| -4% | -$1.39M |
|
257
Affiliated Managers Group
AMG
$10B
| $33.1M | 0.01% |
168,374
-409
| -0.2% | -$71K |
|
258
Grocery Outlet
GO
$977M
| $33M | 0.01% |
2,658,181
-6,561
| -0.2% | -$93.3K |
|
259
EnerSys
ENS
$7.07B
| $32.8M | 0.01% |
382,324
-45,081
| -11% | -$3.93M |
|
260
Abercrombie & Fitch
ANF
$4.86B
| $32.3M | 0.01% |
390,437
-269,775
| -41% | -$20.5M |
|
261
Matador Resources
MTDR
$5.91B
| $32.3M | 0.01% |
677,043
-102,906
| -13% | -$4.54M |
|
|
UCB
262
United Community Banks
UCB
$4.33B
| $31.7M | 0.01% |
1,064,929
+1,903
| +0.2% | +$52.9K |
|
263
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.42B
| $31.6M | 0.01% |
117,232
-10,989
| -9% | -$2.64M |
|
264
Winmark
WINA
$1.27B
| $31M | 0.01% |
+82,152
| New | +$31.8M |
|
265
iShares 1-3 Year Treasury Bond ETF
SHY
$25.1B
| $30.7M | 0.01% |
370,346
-10,314
| -3% | -$852K |
|
266
Nucor
NUE
$62.2B
| $30.4M | 0.01% |
234,467
-51,101
| -18% | -$5.97M |
|
267
Dr. Reddy's Laboratories
RDY
$10.1B
| $30.4M | 0.01% |
2,019,515
-522,987
| -21% | -$7.47M |
|
268
UMB Financial
UMBF
$11.2B
| $29.7M | 0.01% |
282,261
-8,959
| -3% | -$893K |
|
269
KLA
KLAC
$253B
| $29.4M | 0.01% |
328,130
-470
| -0.1% | -$35.4K |
|
270
iShares MSCI Saudi Arabia ETF
KSA
$624M
| $29.3M | 0.01% |
761,031
+175,699
| +30% | +$6.89M |
|
271
Delek US
DK
$3.69B
| $29.3M | 0.01% |
1,383,299
-219,212
| -14% | -$3.68M |
|
272
Zurn Elkay Water Solutions
ZWS
$8.77B
| $29.2M | 0.01% |
798,706
+48,163
| +6% | +$1.66M |
|
273
Agios Pharmaceuticals
AGIO
$1.88B
| $29.2M | 0.01% |
877,540
-81,799
| -9% | -$2.48M |
|
274
SPS Commerce
SPSC
$2.62B
| $28.9M | 0.01% |
212,175
-37,323
| -15% | -$5.17M |
|
275
HubSpot
HUBS
$12.6B
| $28.7M | 0.01% |
51,475
-4,891
| -9% | -$2.86M |
|
Similar funds
Ken Fisher's Q2 2025 Portfolio in Review
As of Q2 2025, Ken Fisher held 1,093 positions worth $252B, up 9% from $231B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Ken Fisher's Q2 2025 filing shows 94 new, 337 increased, 522 reduced and 107 closed positions. Its largest new stake was Canadian National Railway: 1,823,800 shares worth $190M. The largest sale was Oracle, an estimated $1.41B.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Industrials.
- Ken Fisher's largest Q2 2025 buy was Canadian National Railway: 1,823,800 shares worth $190M.
- Ken Fisher added most to Royal Bank of Canada in Q2 2025, an estimated $647M increase.
- Ken Fisher's biggest Q2 2025 reduction was Oracle, cutting an estimated $1.41B.
- Ken Fisher fully exited Tenable Holdings in Q2 2025, selling an estimated $43.2M.
- Ken Fisher's ten largest holdings make up 31% of its $252B portfolio in Q2 2025.
- Ken Fisher opened 94 new positions and closed 107 in Q2 2025.
- Ken Fisher's portfolio value rose 9% quarter-over-quarter to $252B.
Based on Fisher Asset Management's 13F filing for Q2 2025, filed 13 Aug 2025.