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 | |
|---|---|---|---|---|---|---|
351
Trex
TREX
$5.01B
| $16M | 0.01% |
274,726
+56,207
| +26% | +$3.65M |
|
352
Bankunited
BKU
$3.36B
| $15.9M | 0.01% |
461,904
+58,904
| +15% | +$2.22M |
|
353
Celldex Therapeutics
CLDX
$3.28B
| $15.8M | 0.01% |
871,628
+419,131
| +93% | +$9.36M |
|
354
IDEAYA Biosciences
IDYA
$3.56B
| $15.8M | 0.01% |
965,031
+88,432
| +10% | +$1.88M |
|
355
WEX
WEX
$6.31B
| $15.2M | 0.01% |
96,640
+13,744
| +17% | +$2.26M |
|
356
Core Laboratories
CLB
$521M
| $15.2M | 0.01% |
1,011,564
+70,295
| +7% | +$1.18M |
|
357
Hancock Whitney
HWC
$6.24B
| $15M | 0.01% |
+285,794
| New | +$16.1M |
|
358
Acadia Realty Trust
AKR
$2.84B
| $14.9M | 0.01% |
710,011
-36,000
| -5% | -$815K |
|
359
Vertex Pharmaceuticals
VRTX
$126B
| $14.9M | 0.01% |
30,669
+761
| +3% | +$355K |
|
360
Vanguard Total World Stock ETF
VT
$79.8B
| $14.9M | 0.01% |
128,194
+14,772
| +13% | +$1.77M |
|
361
ITT
ITT
$19.1B
| $14.7M | 0.01% |
114,085
-7
| -0% | -$997 |
|
362
Scholar Rock
SRRK
$6.44B
| $14.7M | 0.01% |
456,871
-97,866
| -18% | -$3.77M |
|
363
iShares 20+ Year Treasury Bond ETF
TLT
$41.7B
| $14.5M | 0.01% |
159,176
-5,137
| -3% | -$457K |
|
|
PCH
364
DELISTED
PotlatchDeltic
PCH
| $14.5M | 0.01% |
321,129
+18,170
| +6% | +$798K |
|
365
Advanced Energy
AEIS
$13B
| $14.5M | 0.01% |
151,899
-3,789
| -2% | -$433K |
|
366
Worthington Enterprises
WOR
$2.86B
| $14.4M | 0.01% |
287,722
+85,417
| +42% | +$3.6M |
|
367
Boston Properties
BXP
$11.1B
| $14.1M | 0.01% |
+210,547
| New | +$14.8M |
|
368
Sunstone Hotel Investors
SHO
$2.06B
| $14.1M | 0.01% |
1,496,776
-159,859
| -10% | -$1.73M |
|
369
Alarm.com
ALRM
$2.85B
| $14.1M | 0.01% |
252,909
-1,307
| -0.5% | -$78.4K |
|
370
Cheesecake Factory
CAKE
$5.33B
| $14M | 0.01% |
288,428
-123,426
| -30% | -$6.32M |
|
371
SS&C Technologies
SSNC
$18.6B
| $13.9M | 0.01% |
166,723
-46,689
| -22% | -$3.86M |
|
372
Lantheus
LNTH
$6.59B
| $13.9M | 0.01% |
142,548
-10,902
| -7% | -$1.02M |
|
|
CURB
373
Curbline Properties
CURB
$3.41B
| $13.7M | 0.01% |
565,225
-28,099
| -5% | -$677K |
|
374
Bristol-Myers Squibb
BMY
$132B
| $13.5M | 0.01% |
220,739
-3,138
| -1% | -$183K |
|
375
Diamondrock Hospitality Co
DRH
$2.56B
| $13.2M | 0.01% |
1,711,964
-162,333
| -9% | -$1.37M |
|
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.