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 | |
|---|---|---|---|---|---|---|
426
SS&C Technologies
SSNC
$18.6B
| $7.92M | ﹤0.01% |
95,707
-71,016
| -43% | -$5.58M |
|
427
Arcosa
ACA
$7.14B
| $7.88M | ﹤0.01% |
+90,925
| New | +$7.61M |
|
428
iShares Broad USD High Yield Corporate Bond ETF
USHY
$28.6B
| $7.84M | ﹤0.01% |
208,991
-22,866
| -10% | -$839K |
|
429
Steven Madden
SHOO
$3.59B
| $7.82M | ﹤0.01% |
326,000
-429,924
| -57% | -$10.1M |
|
430
First Interstate BancSystem
FIBK
$3.7B
| $7.65M | ﹤0.01% |
265,448
-123
| -0% | -$3.31K |
|
431
Outfront Media
OUT
$5.64B
| $7.61M | ﹤0.01% |
466,105
-29,562
| -6% | -$462K |
|
432
Bentley Systems
BSY
$10.9B
| $7.6M | ﹤0.01% |
140,833
-19,666
| -12% | -$910K |
|
433
Tesla
TSLA
$1.27T
| $7.54M | ﹤0.01% |
23,730
+3,839
| +19% | +$1.16M |
|
434
United Parcel Service
UPS
$91.5B
| $7.5M | ﹤0.01% |
74,331
-2,670
| -3% | -$263K |
|
435
State Street SPDR S&P Capital Markets ETF
KCE
$471M
| $7.46M | ﹤0.01% |
51,469
-14,191
| -22% | -$1.85M |
|
436
Cohen & Steers
CNS
$4.33B
| $7.46M | ﹤0.01% |
98,970
-923
| -0.9% | -$70.9K |
|
437
Arrowhead Research
ARWR
$12.2B
| $7.14M | ﹤0.01% |
451,655
-31,598
| -7% | -$453K |
|
438
Viridian Therapeutics
VRDN
$2.33B
| $7.13M | ﹤0.01% |
509,959
-27,065
| -5% | -$367K |
|
439
Vericel Corp
VCEL
$2.32B
| $7.05M | ﹤0.01% |
165,636
-3,144
| -2% | -$131K |
|
440
Diamondrock Hospitality Co
DRH
$2.71B
| $6.92M | ﹤0.01% |
903,568
-808,396
| -47% | -$6.03M |
|
441
Myriad Genetics
MYGN
$301M
| $6.88M | ﹤0.01% |
1,294,822
+219,607
| +20% | +$1.3M |
|
442
iShares S&P 100 ETF
OEF
$20.4B
| $6.87M | ﹤0.01% |
22,581
-15,370
| -40% | -$4.28M |
|
443
Cleveland-Cliffs
CLF
$7.22B
| $6.81M | ﹤0.01% |
896,496
-1,837,695
| -67% | -$13.7M |
|
444
Ultragenyx Pharmaceutical
RARE
$2.46B
| $6.75M | ﹤0.01% |
185,756
-21,999
| -11% | -$793K |
|
445
Acadia Realty Trust
AKR
$2.95B
| $6.74M | ﹤0.01% |
363,011
-347,000
| -49% | -$6.72M |
|
446
Warner Bros
WBD
$65.1B
| $6.73M | ﹤0.01% |
587,141
-203,557
| -26% | -$1.9M |
|
447
Acadia Pharmaceuticals
ACAD
$4.93B
| $6.69M | ﹤0.01% |
310,311
-44,710
| -13% | -$831K |
|
448
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.73B
| $6.65M | ﹤0.01% |
70,644
+135
| +0.2% | +$11.9K |
|
449
iShares US Medical Devices ETF
IHI
$3.34B
| $6.64M | ﹤0.01% |
105,924
-41,142
| -28% | -$2.47M |
|
450
STAG Industrial
STAG
$7.19B
| $6.62M | ﹤0.01% |
182,502
-22,315
| -11% | -$772K |
|
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.