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 | |
|---|---|---|---|---|---|---|
501
First Solar
FSLR
$26.9B
| $4.3M | ﹤0.01% |
34,012
-10,786
| -24% | -$1.68M |
|
502
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| $4.27M | ﹤0.01% |
86,087
+12,641
| +17% | +$632K |
|
503
MKS Inc
MKSI
$20.6B
| $4.26M | ﹤0.01% |
53,108
-354,846
| -87% | -$35.8M |
|
504
Vanguard Morningstar Mega Cap Growth ETF
MGK
$34.2B
| $4.15M | ﹤0.01% |
67,130
+4,220
| +7% | +$285K |
|
505
Worthington Steel
WS
$1.95B
| $4.1M | ﹤0.01% |
161,690
+28,147
| +21% | +$793K |
|
506
Vanguard Morningstar Total Stock Market ETF
VTI
$684B
| $4.04M | ﹤0.01% |
14,717
-9,746
| -40% | -$2.83M |
|
507
Donnelley Financial Solutions
DFIN
$1.16B
| $4M | ﹤0.01% |
91,578
-12,215
| -12% | -$676K |
|
508
Victory Capital Holdings
VCTR
$6.65B
| $3.99M | ﹤0.01% |
68,920
-6,551
| -9% | -$415K |
|
509
Haleon
HLN
$44.2B
| $3.98M | ﹤0.01% |
386,874
-52,121
| -12% | -$513K |
|
510
M/I Homes
MHO
$3.84B
| $3.97M | ﹤0.01% |
34,737
-1,556
| -4% | -$191K |
|
511
Prosperity Bancshares
PB
$8.89B
| $3.92M | ﹤0.01% |
54,908
+50
| +0.1% | +$3.79K |
|
512
Intel
INTC
$513B
| $3.8M | ﹤0.01% |
167,235
+827
| +0.5% | +$18.1K |
|
513
M&T Bank
MTB
$36.2B
| $3.79M | ﹤0.01% |
21,210
-177
| -0.8% | -$33.6K |
|
514
SITE Centers
SITC
$165M
| $3.76M | ﹤0.01% |
293,123
| – | – |
|
515
Verizon
VZ
$196B
| $3.76M | ﹤0.01% |
82,827
+8,457
| +11% | +$352K |
|
516
Ziff Davis
ZD
$1.98B
| $3.75M | ﹤0.01% |
99,855
| – | – |
|
517
Uber
UBER
$153B
| $3.66M | ﹤0.01% |
50,276
-5,078
| -9% | -$366K |
|
518
Steel Dynamics
STLD
$37.6B
| $3.65M | ﹤0.01% |
29,189
-11,444
| -28% | -$1.45M |
|
|
BECN
519
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $3.62M | ﹤0.01% |
29,229
-984,858
| -97% | -$115M |
|
|
ONT
520
Onterris Inc
ONT
$580M
| $3.57M | ﹤0.01% |
250,401
-30,008
| -11% | -$571K |
|
521
ENI
E
$77.5B
| $3.55M | ﹤0.01% |
114,696
-9,928
| -8% | -$290K |
|
522
iShares International Treasury Bond ETF
IGOV
$1.54B
| $3.53M | ﹤0.01% |
89,453
| – | – |
|
523
IQVIA
IQV
$39.3B
| $3.51M | ﹤0.01% |
19,925
+4,229
| +27% | +$820K |
|
524
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
$7B
| $3.39M | ﹤0.01% |
153,682
-18,430
| -11% | -$401K |
|
525
Coca-Cola Europacific Partners
CCEP
$47.9B
| $3.3M | ﹤0.01% |
37,940
+2,371
| +7% | +$193K |
|
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.