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 | |
|---|---|---|---|---|---|---|
501
Donnelley Financial Solutions
DFIN
$1.22B
| $4.2M | ﹤0.01% |
68,204
-23,374
| -26% | -$1.2M |
|
502
iShares Core S&P 500 ETF
IVV
$898B
| $4.2M | ﹤0.01% |
6,765
-2,940
| -30% | -$1.69M |
|
503
Factset
FDS
$9.89B
| $4.17M | ﹤0.01% |
9,313
-684
| -7% | -$300K |
|
504
First Solar
FSLR
$25.4B
| $4.16M | ﹤0.01% |
25,124
-8,888
| -26% | -$1.31M |
|
505
Viavi Solutions
VIAV
$9.6B
| $4.14M | ﹤0.01% |
410,990
-561,849
| -58% | -$5.43M |
|
506
State Street Technology Select Sector SPDR ETF
XLK
$122B
| $4.13M | ﹤0.01% |
32,598
+10,126
| +45% | +$1.12M |
|
507
MGM Resorts International
MGM
$11.4B
| $4.1M | ﹤0.01% |
119,189
-167,956
| -58% | -$5.33M |
|
508
Ecopetrol
EC
$33.7B
| $4.04M | ﹤0.01% |
456,819
+13,961
| +3% | +$124K |
|
509
Accenture
ACN
$104B
| $4.02M | ﹤0.01% |
13,452
+9,703
| +259% | +$2.96M |
|
510
Worthington Steel
WS
$1.94B
| $3.96M | ﹤0.01% |
132,809
-28,881
| -18% | -$744K |
|
511
Vanguard Morningstar Mega Cap Growth ETF
MGK
$33.9B
| $3.92M | ﹤0.01% |
53,490
-13,640
| -20% | -$899K |
|
512
iShares International Treasury Bond ETF
IGOV
$1.54B
| $3.86M | ﹤0.01% |
89,606
+153
| +0.2% | +$6.36K |
|
513
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.6B
| $3.82M | ﹤0.01% |
71,741
-17,241
| -19% | -$900K |
|
514
State Street SPDR S&P 500 ETF Trust
SPY
$819B
| $3.8M | ﹤0.01% |
6,150
-5,212
| -46% | -$2.98M |
|
515
State Street Financial Select Sector SPDR ETF
XLF
$58.6B
| $3.75M | ﹤0.01% |
71,531
+8,863
| +14% | +$439K |
|
516
Lennar Class A
LEN
$21.2B
| $3.7M | ﹤0.01% |
33,414
-35,443
| -51% | -$3.84M |
|
517
Haleon
HLN
$43.8B
| $3.67M | ﹤0.01% |
354,041
-32,833
| -8% | -$346K |
|
518
Prosperity Bancshares
PB
$8.94B
| $3.66M | ﹤0.01% |
52,155
-2,753
| -5% | -$190K |
|
519
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| $3.62M | ﹤0.01% |
73,853
-12,234
| -14% | -$598K |
|
520
Verizon
VZ
$193B
| $3.6M | ﹤0.01% |
83,102
+275
| +0.3% | +$11.9K |
|
521
Invesco S&P 500 Top 50 ETF
XLG
$11B
| $3.54M | ﹤0.01% |
67,962
-91,938
| -57% | -$4.37M |
|
522
Intel
INTC
$510B
| $3.53M | ﹤0.01% |
157,697
-9,538
| -6% | -$198K |
|
523
Coca-Cola Europacific Partners
CCEP
$48B
| $3.51M | ﹤0.01% |
37,896
-44
| -0.1% | -$3.94K |
|
524
Agree Realty
ADC
$9.46B
| $3.51M | ﹤0.01% |
48,069
-55,975
| -54% | -$4.21M |
|
525
Citizens Financial Group
CFG
$31B
| $3.49M | ﹤0.01% |
78,078
+24,322
| +45% | +$957K |
|
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.