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 | |
|---|---|---|---|---|---|---|
26
American Express
AXP
$234B
| $2.41B | 1.05% |
8,972,513
+211,177
| +2% | +$62.4M |
|
27
Mastercard
MA
$501B
| $2.32B | 1.01% |
4,241,714
+67,510
| +2% | +$36.8M |
|
28
Freeport-McMoran
FCX
$95.1B
| $2.29B | 0.99% |
60,432,222
+1,067,502
| +2% | +$40.8M |
|
29
Citigroup
C
$230B
| $2.21B | 0.96% |
31,173,305
+1,159,122
| +4% | +$88.4M |
|
30
Merck
MRK
$317B
| $2.19B | 0.95% |
24,445,797
+8,334,193
| +52% | +$778M |
|
31
Sony
SONY
$131B
| $2.17B | 0.94% |
85,597,524
+40,177,432
| +88% | +$928M |
|
32
Salesforce
CRM
$155B
| $2.16B | 0.94% |
8,052,026
-4,401,846
| -35% | -$1.37B |
|
|
33
Broadcom
AVGO
$1.96T
| $2.08B | 0.9% |
12,412,553
-11,490,766
| -48% | -$2.43B |
|
|
34
BP
BP
$109B
| $2.06B | 0.89% |
60,992,153
+37,651,668
| +161% | +$1.23B |
|
35
Bank of America
BAC
$443B
| $2.04B | 0.88% |
48,847,730
+1,960,288
| +4% | +$87.4M |
|
36
Intuitive Surgical
ISRG
$130B
| $2B | 0.87% |
4,047,204
-821,665
| -17% | -$454M |
|
37
Intuit
INTU
$87.8B
| $1.98B | 0.86% |
3,223,772
-419,008
| -12% | -$252M |
|
38
iShares MBS ETF
MBB
$39B
| $1.97B | 0.85% |
21,042,969
+1,341,029
| +7% | +$124M |
|
39
Procter & Gamble
PG
$340B
| $1.95B | 0.84% |
11,432,417
-7,260,396
| -39% | -$1.22B |
|
|
40
Netflix
NFLX
$306B
| $1.92B | 0.83% |
20,622,110
-24,652,350
| -54% | -$2.34B |
|
41
Blackrock
BLK
$176B
| $1.88B | 0.81% |
1,983,891
-76,749
| -4% | -$75.2M |
|
42
Shell
SHEL
$248B
| $1.87B | 0.81% |
25,513,000
+574,265
| +2% | +$38.7M |
|
43
Adobe
ADBE
$100B
| $1.78B | 0.77% |
4,645,035
-198,444
| -4% | -$85.1M |
|
|
SCHW
44
Charles Schwab
SCHW
$185B
| $1.66B | 0.72% |
21,165,163
+709,897
| +3% | +$55.7M |
|
45
Abbott
ABT
$183B
| $1.55B | 0.67% |
11,653,213
+376,090
| +3% | +$47.9M |
|
|
46
UBS Group
UBS
$177B
| $1.53B | 0.66% |
49,975,870
+45,938,949
| +1,138% | +$1.53B |
|
47
Union Pacific
UNP
$174B
| $1.5B | 0.65% |
6,352,279
+46,595
| +0.7% | +$11.2M |
|
48
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.6B
| $1.49B | 0.65% |
54,719,174
+3,559,533
| +7% | +$94.9M |
|
49
ConocoPhillips
COP
$144B
| $1.49B | 0.64% |
14,169,674
+388,892
| +3% | +$38.8M |
|
50
AstraZeneca
AZN
$242B
| $1.48B | 0.64% |
10,082,730
+4,602,804
| +84% | +$666M |
|
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.