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 | |
|---|---|---|---|---|---|---|
326
Avient
AVNT
$4.19B
| $19.8M | 0.01% |
531,820
-32,433
| -6% | -$1.34M |
|
327
First Financial Bancorp
FFBC
$3.53B
| $19.8M | 0.01% |
791,107
-58,571
| -7% | -$1.56M |
|
328
RenaissanceRe
RNR
$13.4B
| $19.7M | 0.01% |
82,250
-1,233
| -1% | -$298K |
|
329
FIVE9
FIVN
$2.6B
| $19.5M | 0.01% |
717,889
-42,419
| -6% | -$1.56M |
|
330
LXP Industrial Trust
LXP
$3.57B
| $19.3M | 0.01% |
446,845
-14,443
| -3% | -$619K |
|
331
Cousins Properties
CUZ
$4.88B
| $19.2M | 0.01% |
+649,666
| New | +$19.4M |
|
332
Urban Edge Properties
UE
$2.73B
| $19.1M | 0.01% |
1,007,629
-73,741
| -7% | -$1.47M |
|
333
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.55B
| $19.1M | 0.01% |
351,630
-5,122
| -1% | -$274K |
|
334
Berkshire Hathaway Class B
BRK.B
$1.13T
| $19M | 0.01% |
35,593
+2,773
| +8% | +$1.35M |
|
335
Cal-Maine
CALM
$3.99B
| $18.9M | 0.01% |
208,159
-67,505
| -24% | -$6.66M |
|
336
Denali Therapeutics
DNLI
$3.94B
| $18.6M | 0.01% |
1,364,959
+572,460
| +72% | +$11M |
|
337
Dick's Sporting Goods
DKS
$18.7B
| $18.5M | 0.01% |
+91,946
| New | +$20.5M |
|
338
First Horizon
FHN
$12.1B
| $18.2M | 0.01% |
938,604
+120,259
| +15% | +$2.48M |
|
339
Paycom
PAYC
$10B
| $18M | 0.01% |
82,519
-4,027
| -5% | -$849K |
|
340
Manhattan Associates
MANH
$11.4B
| $18M | 0.01% |
103,740
+4,504
| +5% | +$938K |
|
341
Paylocity
PCTY
$7.98B
| $17.7M | 0.01% |
94,730
-470
| -0.5% | -$93.9K |
|
342
Moog Inc Class A
MOG.A
$12.8B
| $17.2M | 0.01% |
99,318
-1,573
| -2% | -$290K |
|
343
Tanger
SKT
$4.52B
| $17.1M | 0.01% |
505,756
-5,295
| -1% | -$178K |
|
344
Ferrovial N.V. Ordinary Shares
FER
$47.9B
| $17.1M | 0.01% |
+383,879
| New | +$16.6M |
|
345
Post Holdings
POST
$3.57B
| $16.9M | 0.01% |
+144,915
| New | +$16.1M |
|
346
Flowers Foods
FLO
$1.57B
| $16.6M | 0.01% |
874,358
-11,991
| -1% | -$229K |
|
347
Simmons First National
SFNC
$3.39B
| $16.6M | 0.01% |
807,837
+186,837
| +30% | +$4.05M |
|
348
Park Hotels & Resorts
PK
$2.97B
| $16.2M | 0.01% |
1,513,633
-4,555
| -0.3% | -$57.7K |
|
349
Snap-on
SNA
$21.5B
| $16.1M | 0.01% |
47,711
-2,233
| -4% | -$759K |
|
350
SiteOne Landscape Supply
SITE
$4.53B
| $16M | 0.01% |
131,932
+12,187
| +10% | +$1.62M |
|
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.