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 | |
|---|---|---|---|---|---|---|
526
Lockheed Martin
LMT
$133B
| $3.49M | ﹤0.01% |
7,531
+363
| +5% | +$170K |
|
527
AT&T
T
$158B
| $3.48M | ﹤0.01% |
120,412
-63,383
| -34% | -$1.75M |
|
528
British American Tobacco
BTI
$128B
| $3.42M | ﹤0.01% |
72,255
+22,720
| +46% | +$1.01M |
|
529
iShares MSCI Australia ETF
EWA
$1.44B
| $3.41M | ﹤0.01% |
+129,527
| New | +$3.23M |
|
530
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
$7B
| $3.26M | ﹤0.01% |
147,312
-6,370
| -4% | -$139K |
|
531
Marathon Petroleum
MPC
$83.6B
| $3.12M | ﹤0.01% |
18,780
+658
| +4% | +$98.6K |
|
532
Victory Capital Holdings
VCTR
$6.25B
| $3.12M | ﹤0.01% |
48,926
-19,994
| -29% | -$1.2M |
|
533
S&P Global
SPGI
$121B
| $3.11M | ﹤0.01% |
5,906
+162
| +3% | +$80.8K |
|
534
CBRE Group
CBRE
$43.8B
| $3.11M | ﹤0.01% |
22,205
+128
| +0.6% | +$16.2K |
|
535
Casella Waste Systems
CWST
$5.82B
| $3.07M | ﹤0.01% |
26,581
-20
| -0.1% | -$2.31K |
|
536
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.48B
| $3.06M | ﹤0.01% |
93,733
-14,281
| -13% | -$423K |
|
537
Steel Dynamics
STLD
$38.1B
| $3.03M | ﹤0.01% |
23,695
-5,494
| -19% | -$701K |
|
|
INN
538
Summit Hotel Properties
INN
$739M
| $2.93M | ﹤0.01% |
575,427
+77,414
| +16% | +$341K |
|
539
Pricesmart
PSMT
$5.76B
| $2.89M | ﹤0.01% |
27,531
+2
| +0% | +$202 |
|
540
Astronics
ATRO
$3.81B
| $2.89M | ﹤0.01% |
103,561
-19,726
| -16% | -$461K |
|
541
Roper Technologies
ROP
$39B
| $2.88M | ﹤0.01% |
5,086
-28
| -0.5% | -$15.8K |
|
542
Kiniksa Pharmaceuticals
KNSA
$6.09B
| $2.83M | ﹤0.01% |
102,259
-41,992
| -29% | -$1.07M |
|
543
Philip Morris
PM
$294B
| $2.82M | ﹤0.01% |
15,463
-310
| -2% | -$53.2K |
|
544
Vertiv
VRT
$107B
| $2.8M | ﹤0.01% |
+21,766
| New | +$2.12M |
|
545
iShares Russell 1000 Growth ETF
IWF
$127B
| $2.72M | ﹤0.01% |
25,604
-9,760
| -28% | -$933K |
|
546
Global Payments
GPN
$23.9B
| $2.63M | ﹤0.01% |
32,894
+10,888
| +49% | +$862K |
|
547
A.O. Smith
AOS
$8.59B
| $2.63M | ﹤0.01% |
40,144
-1,786,000
| -98% | -$117M |
|
548
Shopify
SHOP
$187B
| $2.58M | ﹤0.01% |
22,352
-381,130
| -94% | -$38.1M |
|
549
Ross Stores
ROST
$81.2B
| $2.52M | ﹤0.01% |
19,781
+907
| +5% | +$126K |
|
550
Progressive
PGR
$124B
| $2.46M | ﹤0.01% |
9,236
+504
| +6% | +$138K |
|
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.