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 | |
|---|---|---|---|---|---|---|
376
Zscaler
ZS
$27.3B
| $13.1M | 0.01% |
65,846
+9,546
| +17% | +$1.9M |
|
377
TechnipFMC
FTI
$27.3B
| $13M | 0.01% |
409,323
-140,804
| -26% | -$4.22M |
|
378
Materion
MTRN
$6.04B
| $12.9M | 0.01% |
158,601
-5,759
| -4% | -$543K |
|
379
MakeMyTrip
MMYT
$5.64B
| $12.7M | 0.01% |
129,389
-57,819
| -31% | -$5.97M |
|
380
Trustmark
TRMK
$2.75B
| $12.6M | 0.01% |
363,925
+388
| +0.1% | +$13.8K |
|
381
iShares Core MSCI Europe ETF
IEUR
$9.16B
| $12.5M | 0.01% |
208,473
-271,071
| -57% | -$15.9M |
|
382
ScottsMiracle-Gro
SMG
$3.66B
| $12.5M | 0.01% |
226,875
+128,817
| +131% | +$8.33M |
|
383
Cisco
CSCO
$479B
| $12.4M | 0.01% |
201,342
-47
| -0% | -$2.89K |
|
384
Insulet
PODD
$9.79B
| $12.2M | 0.01% |
46,422
-331,272
| -88% | -$89.7M |
|
385
Littelfuse
LFUS
$11.6B
| $11.9M | 0.01% |
60,689
-145,156
| -71% | -$33.2M |
|
386
WSFS Financial
WSFS
$4.15B
| $11.9M | 0.01% |
229,789
-37,239
| -14% | -$2.01M |
|
387
ProPetro Holding
PUMP
$1.35B
| $11.9M | 0.01% |
1,615,702
+82,000
| +5% | +$713K |
|
388
Amkor Technology
AMKR
$13.7B
| $11.8M | 0.01% |
653,136
+11,220
| +2% | +$253K |
|
389
AAR Corp
AIR
$5.76B
| $11.7M | 0.01% |
208,342
-2,000
| -1% | -$133K |
|
390
Oceaneering
OII
$4.77B
| $11.6M | 0.01% |
530,618
+144,550
| +37% | +$3.43M |
|
391
Resideo Technologies
REZI
$3.95B
| $11.6M | 0.01% |
653,549
+84,876
| +15% | +$1.74M |
|
392
V2X
VVX
$2.65B
| $11.6M | 0.01% |
+235,686
| New | +$11.6M |
|
393
Virtus Investment Partners
VRTS
$1.1B
| $11.5M | 0.01% |
66,971
-4,629
| -6% | -$884K |
|
|
PPBI
394
DELISTED
Pacific Premier Bancorp
PPBI
| $11.4M | 0.01% |
537,000
| – | – |
|
395
Renasant Corp
RNST
$3.91B
| $11.4M | ﹤0.01% |
336,634
-77,474
| -19% | -$2.8M |
|
396
Ligand Pharmaceuticals
LGND
$5.88B
| $11.3M | ﹤0.01% |
107,506
+6,868
| +7% | +$777K |
|
397
Trinity Industries
TRN
$2.38B
| $11.3M | ﹤0.01% |
402,115
+148,244
| +58% | +$4.97M |
|
398
Atlantic Union Bankshares
AUB
$5.93B
| $11.2M | ﹤0.01% |
360,280
-24,973
| -6% | -$887K |
|
399
Independent Bank
INDB
$3.99B
| $11.2M | ﹤0.01% |
178,639
-9,746
| -5% | -$641K |
|
400
Commerce Bancshares
CBSH
$8.5B
| $11.1M | ﹤0.01% |
187,927
+27,097
| +17% | +$1.65M |
|
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.