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 | |
|---|---|---|---|---|---|---|
276
Ovintiv
OVV
$16.4B
| $29.3M | 0.01% |
683,766
-23,585
| -3% | -$1.01M |
|
277
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.45B
| $28.5M | 0.01% |
128,221
-9,954
| -7% | -$2.45M |
|
278
Affiliated Managers Group
AMG
$9.76B
| $28.4M | 0.01% |
168,783
+12,573
| +8% | +$2.19M |
|
279
Prestige Consumer Healthcare
PBH
$2.6B
| $28.2M | 0.01% |
328,060
+13,674
| +4% | +$1.12M |
|
280
Agios Pharmaceuticals
AGIO
$1.93B
| $28.1M | 0.01% |
959,339
-1,322
| -0.1% | -$43.9K |
|
281
CONMED
CNMD
$1.47B
| $28M | 0.01% |
464,021
+46,591
| +11% | +$3M |
|
282
Granite Construction
GVA
$5.62B
| $28M | 0.01% |
371,400
+49,276
| +15% | +$4.12M |
|
|
BPMC
283
DELISTED
Blueprint Medicines
BPMC
| $27.5M | 0.01% |
310,734
-12,306
| -4% | -$1.2M |
|
284
DexCom
DXCM
$32B
| $27.3M | 0.01% |
399,871
-361,964
| -48% | -$29.5M |
|
285
Ralph Lauren
RL
$23.5B
| $27.3M | 0.01% |
+123,587
| New | +$30.6M |
|
286
Freshpet
FRPT
$3.22B
| $27M | 0.01% |
325,115
+148,203
| +84% | +$18.1M |
|
287
Halozyme
HALO
$12.2B
| $26.6M | 0.01% |
417,516
+2,797
| +0.7% | +$162K |
|
288
The Greenbrier Companies
GBX
$1.46B
| $26.3M | 0.01% |
513,526
+47,473
| +10% | +$2.84M |
|
289
RLJ Lodging Trust
RLJ
$1.69B
| $26.1M | 0.01% |
3,312,940
-18,878
| -0.6% | -$177K |
|
290
Crinetics Pharmaceuticals
CRNX
$8.92B
| $25.9M | 0.01% |
773,347
+214,060
| +38% | +$7.99M |
|
291
SM Energy
SM
$6.92B
| $25.8M | 0.01% |
861,876
+342,574
| +66% | +$12.3M |
|
|
VRNT
292
DELISTED
Verint Systems
VRNT
| $25.4M | 0.01% |
1,421,892
-44,204
| -3% | -$1.06M |
|
293
Texas Capital Bancshares
TCBI
$4.32B
| $25.4M | 0.01% |
339,716
| – | – |
|
294
Tetra Tech
TTEK
$9.07B
| $25.3M | 0.01% |
865,037
+133,016
| +18% | +$4.46M |
|
295
Banner Corp
BANR
$2.4B
| $25.3M | 0.01% |
396,619
-1,547
| -0.4% | -$104K |
|
296
Cactus
WHD
$5.44B
| $25.2M | 0.01% |
550,474
+3,487
| +0.6% | +$193K |
|
297
Veracyte
VCYT
$3.8B
| $25.2M | 0.01% |
848,613
+2,895
| +0.3% | +$110K |
|
298
iShares MSCI China A ETF
CNYA
$208M
| $25M | 0.01% |
892,644
+326,512
| +58% | +$9.11M |
|
299
Azenta
AZTA
$1.48B
| $24.8M | 0.01% |
716,421
-55,391
| -7% | -$2.55M |
|
300
Box
BOX
$4.6B
| $24.8M | 0.01% |
803,521
-53,977
| -6% | -$1.75M |
|
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.