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 | |
|---|---|---|---|---|---|---|
301
Cactus
WHD
$5.3B
| $23M | 0.01% |
526,271
-24,203
| -4% | -$1.01M |
|
302
Coherent
COHR
$65.6B
| $22.7M | 0.01% |
+254,769
| New | +$18.3M |
|
303
The Greenbrier Companies
GBX
$1.55B
| $22.7M | 0.01% |
492,702
-20,824
| -4% | -$932K |
|
304
Box
BOX
$4.42B
| $22.7M | 0.01% |
662,993
-140,528
| -17% | -$4.61M |
|
305
RLJ Lodging Trust
RLJ
$1.89B
| $22.3M | 0.01% |
3,056,956
-255,984
| -8% | -$1.85M |
|
306
Cheesecake Factory
CAKE
$5.28B
| $21.8M | 0.01% |
348,506
+60,078
| +21% | +$3.19M |
|
307
Moelis & Co
MC
$5.13B
| $21.8M | 0.01% |
350,249
-3,220
| -0.9% | -$181K |
|
308
SM Energy
SM
$7.11B
| $21.3M | 0.01% |
861,301
-575
| -0.1% | -$13.9K |
|
309
Denali Therapeutics
DNLI
$3.86B
| $21.2M | 0.01% |
1,515,991
+151,032
| +11% | +$2.13M |
|
310
Wipro
WIT
$19.7B
| $21.2M | 0.01% |
7,020,730
-200,092
| -3% | -$582K |
|
311
Crinetics Pharmaceuticals
CRNX
$8.9B
| $21.2M | 0.01% |
737,084
-36,263
| -5% | -$1.12M |
|
312
Simpson Manufacturing
SSD
$8.12B
| $21.1M | 0.01% |
136,005
-83,835
| -38% | -$13M |
|
313
Cal-Maine
CALM
$4.01B
| $20.9M | 0.01% |
209,654
+1,495
| +0.7% | +$143K |
|
314
Qualys
QLYS
$6.53B
| $20.6M | 0.01% |
144,002
-25,956
| -15% | -$3.44M |
|
315
Sumitomo Mitsui Financial
SMFG
$161B
| $20.5M | 0.01% |
1,357,193
+785,443
| +137% | +$11.3M |
|
316
Bankunited
BKU
$3.46B
| $20.5M | 0.01% |
575,878
+113,974
| +25% | +$3.83M |
|
317
Veracyte
VCYT
$3.79B
| $20.4M | 0.01% |
755,316
-93,297
| -11% | -$2.7M |
|
318
Veeco
VECO
$3.22B
| $20.3M | 0.01% |
999,233
-77,376
| -7% | -$1.53M |
|
319
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.51B
| $20.3M | 0.01% |
339,891
-11,739
| -3% | -$671K |
|
320
Zscaler
ZS
$26.2B
| $20.3M | 0.01% |
64,637
-1,209
| -2% | -$301K |
|
321
Merit Medical Systems
MMSI
$5.21B
| $20.1M | 0.01% |
215,445
-6,852
| -3% | -$649K |
|
322
Halozyme
HALO
$9.92B
| $19.9M | 0.01% |
381,745
-35,771
| -9% | -$2.04M |
|
323
SPX Corp
SPXC
$10.8B
| $19.8M | 0.01% |
+118,181
| New | +$17.3M |
|
324
Azenta
AZTA
$1.41B
| $19.5M | 0.01% |
634,697
-81,724
| -11% | -$2.3M |
|
325
Vanguard Total World Stock ETF
VT
$79.4B
| $19.5M | 0.01% |
151,772
+23,578
| +18% | +$2.82M |
|
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.