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 | |
|---|---|---|---|---|---|---|
426
Enterprise Financial Services Corp
EFSC
$2.39B
| $8.8M | ﹤0.01% |
163,787
+89,592
| +121% | +$5.16M |
|
|
NUVL
427
DELISTED
Nuvalent
NUVL
| $8.61M | ﹤0.01% |
+121,338
| New | +$9.49M |
|
428
Teradyne
TER
$59.3B
| $8.6M | ﹤0.01% |
104,119
-29,821
| -22% | -$3.34M |
|
429
iShares Broad USD High Yield Corporate Bond ETF
USHY
$28.7B
| $8.53M | ﹤0.01% |
231,857
-17,706
| -7% | -$657K |
|
430
MGM Resorts International
MGM
$11.2B
| $8.51M | ﹤0.01% |
287,145
-4,127,264
| -93% | -$139M |
|
431
Warner Bros
WBD
$67.1B
| $8.48M | ﹤0.01% |
790,698
-738,073
| -48% | -$7.72M |
|
432
United Parcel Service
UPS
$88.9B
| $8.47M | ﹤0.01% |
77,001
-12,415
| -14% | -$1.48M |
|
433
Pentair
PNR
$11B
| $8.35M | ﹤0.01% |
95,401
-51,236
| -35% | -$4.88M |
|
434
Occidental Petroleum
OXY
$55.9B
| $8.31M | ﹤0.01% |
168,357
-445,290
| -73% | -$21.7M |
|
435
State Street SPDR S&P Capital Markets ETF
KCE
$466M
| $8.28M | ﹤0.01% |
65,660
-12,897
| -16% | -$1.76M |
|
|
DVAX
436
DELISTED
Dynavax Technologies
DVAX
| $8.07M | ﹤0.01% |
622,048
-677,326
| -52% | -$8.96M |
|
437
General Mills
GIS
$19.7B
| $8.06M | ﹤0.01% |
134,801
-74,929
| -36% | -$4.5M |
|
|
EXAS
438
DELISTED
Exact Sciences
EXAS
| $8.05M | ﹤0.01% |
185,954
+9,317
| +5% | +$472K |
|
439
Associated Banc-Corp
ASB
$5.91B
| $8.04M | ﹤0.01% |
357,000
-152,000
| -30% | -$3.65M |
|
440
State Street Energy Select Sector SPDR ETF
XLE
$37.7B
| $8.03M | ﹤0.01% |
171,896
-35,886
| -17% | -$1.62M |
|
441
Agree Realty
ADC
$9.41B
| $8.03M | ﹤0.01% |
104,044
-13,021
| -11% | -$954K |
|
442
Cohen & Steers
CNS
$4.3B
| $8.02M | ﹤0.01% |
99,893
-81
| -0.1% | -$6.91K |
|
443
Outfront Media
OUT
$5.49B
| $8M | ﹤0.01% |
495,667
-3,915
| -0.8% | -$69.9K |
|
444
Lennar Class A
LEN
$21.2B
| $7.9M | ﹤0.01% |
68,857
-33,425
| -33% | -$4.17M |
|
445
General Motors
GM
$76.8B
| $7.76M | ﹤0.01% |
165,011
-720,202
| -81% | -$35.5M |
|
|
SNV
446
DELISTED
Synovus
SNV
| $7.72M | ﹤0.01% |
165,098
+156,398
| +1,798% | +$8.07M |
|
447
First Interstate BancSystem
FIBK
$3.58B
| $7.61M | ﹤0.01% |
265,571
-53,519
| -17% | -$1.66M |
|
448
Vericel Corp
VCEL
$2.31B
| $7.53M | ﹤0.01% |
168,780
-1,720
| -1% | -$92.6K |
|
449
Ultragenyx Pharmaceutical
RARE
$2.55B
| $7.52M | ﹤0.01% |
207,755
-57,434
| -22% | -$2.39M |
|
450
STAG Industrial
STAG
$7.19B
| $7.4M | ﹤0.01% |
204,817
-509
| -0.2% | -$17.8K |
|
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.