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 | |
|---|---|---|---|---|---|---|
301
Zurn Elkay Water Solutions
ZWS
$8.53B
| $24.8M | 0.01% |
750,543
+457,356
| +156% | +$16.5M |
|
302
Century Aluminum
CENX
$5.07B
| $24.6M | 0.01% |
1,323,593
-57,953
| -4% | -$1.11M |
|
303
ACI Worldwide
ACIW
$5.46B
| $24.5M | 0.01% |
446,984
-18,028
| -4% | -$957K |
|
304
Globus Medical
GMED
$11.2B
| $24.2M | 0.01% |
330,908
-9,648
| -3% | -$797K |
|
305
iShares MSCI Saudi Arabia ETF
KSA
$621M
| $24.2M | 0.01% |
585,332
+104
| +0% | +$4.31K |
|
306
Delek US
DK
$3.58B
| $24.1M | 0.01% |
1,602,511
-123,894
| -7% | -$2.15M |
|
307
Merit Medical Systems
MMSI
$5.32B
| $23.5M | 0.01% |
222,297
-1,884
| -0.8% | -$194K |
|
308
Builders FirstSource
BLDR
$8.04B
| $23.4M | 0.01% |
187,252
-9,239
| -5% | -$1.34M |
|
309
BioCryst Pharmaceuticals
BCRX
$2.4B
| $22.9M | 0.01% |
3,052,137
-130,480
| -4% | -$1.05M |
|
|
TPH
310
DELISTED
Tri Pointe Homes
TPH
| $22.8M | 0.01% |
714,150
-5,751
| -0.8% | -$196K |
|
311
iShares ESG Aware USD Corporate Bond ETF
SUSC
$1.29B
| $22.8M | 0.01% |
987,049
+101,533
| +11% | +$2.32M |
|
312
Toll Brothers
TOL
$14.5B
| $22.7M | 0.01% |
215,264
-5,639
| -3% | -$677K |
|
313
Diamondback Energy
FANG
$52.7B
| $22.6M | 0.01% |
141,050
+2,048
| +1% | +$330K |
|
314
Cleveland-Cliffs
CLF
$6.99B
| $22.5M | 0.01% |
2,734,191
-690,323
| -20% | -$7.02M |
|
315
KLA
KLAC
$259B
| $22.3M | 0.01% |
328,600
-81,470
| -20% | -$5.87M |
|
316
Equinor
EQNR
$92.4B
| $22.2M | 0.01% |
839,169
+281,686
| +51% | +$6.83M |
|
317
Wipro
WIT
$20B
| $22.1M | 0.01% |
7,220,822
-303,475
| -4% | -$1.04M |
|
318
Veeco
VECO
$3.23B
| $21.6M | 0.01% |
1,076,609
-30,279
| -3% | -$725K |
|
319
PTC
PTC
$16B
| $21.6M | 0.01% |
139,127
+18,696
| +16% | +$3.22M |
|
320
Qualys
QLYS
$6.35B
| $21.4M | 0.01% |
169,958
-14,021
| -8% | -$1.9M |
|
321
Helix Energy Solutions
HLX
$1.41B
| $21M | 0.01% |
2,524,950
+697,806
| +38% | +$5.88M |
|
322
Moelis & Co
MC
$4.94B
| $20.6M | 0.01% |
353,469
+132,699
| +60% | +$9.36M |
|
323
Steven Madden
SHOO
$3.55B
| $20.1M | 0.01% |
755,924
+10,126
| +1% | +$356K |
|
324
First Merchants
FRME
$2.67B
| $20.1M | 0.01% |
496,277
-22,980
| -4% | -$957K |
|
325
F5
FFIV
$22.7B
| $19.9M | 0.01% |
74,712
-5,301
| -7% | -$1.48M |
|
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.