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 | |
|---|---|---|---|---|---|---|
26
Netflix
NFLX
$298B
| $2.7B | 1.07% |
20,194,180
-427,930
| -2% | -$48.4M |
|
27
Freeport-McMoran
FCX
$90.2B
| $2.7B | 1.07% |
62,358,715
+1,926,493
| +3% | +$73.2M |
|
|
28
Sony
SONY
$136B
| $2.65B | 1.05% |
101,878,066
+16,280,542
| +19% | +$407M |
|
29
Visa
V
$684B
| $2.58B | 1.02% |
7,260,321
+117,797
| +2% | +$41.1M |
|
30
Bank of America
BAC
$435B
| $2.43B | 0.97% |
51,405,673
+2,557,943
| +5% | +$108M |
|
31
Mastercard
MA
$506B
| $2.39B | 0.95% |
4,249,922
+8,208
| +0.2% | +$4.54M |
|
32
Intuit
INTU
$86.4B
| $2.18B | 0.87% |
2,772,454
-451,318
| -14% | -$305M |
|
33
Intuitive Surgical
ISRG
$127B
| $2.09B | 0.83% |
3,848,737
-198,467
| -5% | -$104M |
|
34
Blackrock
BLK
$169B
| $2.06B | 0.82% |
1,966,303
-17,588
| -0.9% | -$16.6M |
|
35
iShares MBS ETF
MBB
$38.9B
| $2B | 0.79% |
21,297,627
+254,658
| +1% | +$23.6M |
|
36
Merck
MRK
$322B
| $1.98B | 0.79% |
25,013,697
+567,900
| +2% | +$45.1M |
|
37
UBS Group
UBS
$173B
| $1.98B | 0.78% |
58,424,089
+8,448,219
| +17% | +$261M |
|
|
SCHW
38
Charles Schwab
SCHW
$183B
| $1.95B | 0.77% |
21,376,690
+211,527
| +1% | +$17.7M |
|
|
39
Oracle
ORCL
$373B
| $1.94B | 0.77% |
8,887,747
-8,714,141
| -50% | -$1.41B |
|
40
BP
BP
$116B
| $1.93B | 0.77% |
64,436,996
+3,444,843
| +6% | +$101M |
|
41
Spotify
SPOT
$104B
| $1.91B | 0.76% |
2,489,013
+460,115
| +23% | +$295M |
|
42
Shell
SHEL
$254B
| $1.86B | 0.74% |
26,392,845
+879,845
| +3% | +$59M |
|
43
Adobe
ADBE
$99.3B
| $1.77B | 0.7% |
4,567,817
-77,218
| -2% | -$29.8M |
|
44
Johnson Controls International
JCI
$88.8B
| $1.75B | 0.7% |
16,604,983
+430,437
| +3% | +$39.6M |
|
45
Procter & Gamble
PG
$336B
| $1.75B | 0.69% |
10,967,513
-464,904
| -4% | -$75.9M |
|
46
ServiceNow
NOW
$115B
| $1.68B | 0.67% |
8,181,440
-211,730
| -3% | -$39.9M |
|
47
Capital One
COF
$128B
| $1.63B | 0.65% |
7,653,681
-516,264
| -6% | -$96.3M |
|
48
UnitedHealth
UNH
$378B
| $1.63B | 0.65% |
5,213,472
-37,108
| -0.7% | -$14.2M |
|
49
Abbott
ABT
$184B
| $1.61B | 0.64% |
11,862,823
+209,610
| +2% | +$27.6M |
|
50
Barclays
BCS
$92.8B
| $1.54B | 0.61% |
83,062,892
+9,692,999
| +13% | +$160M |
|
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.