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 | |
|---|---|---|---|---|---|---|
551
Las Vegas Sands
LVS
$29.6B
| $2.59M | ﹤0.01% |
66,983
-13,743,368
| -100% | -$607M |
|
552
Philip Morris
PM
$295B
| $2.5M | ﹤0.01% |
15,773
+971
| +7% | +$138K |
|
553
Vanguard Morningstar Growth ETF
VUG
$231B
| $2.49M | ﹤0.01% |
40,212
-2,550
| -6% | -$172K |
|
554
Astronics
ATRO
$3.84B
| $2.48M | ﹤0.01% |
123,287
-6,275
| -5% | -$105K |
|
555
Progressive
PGR
$125B
| $2.47M | ﹤0.01% |
8,732
-132
| -1% | -$34.5K |
|
556
Pricesmart
PSMT
$5.46B
| $2.42M | ﹤0.01% |
27,529
-600
| -2% | -$53.4K |
|
557
Ross Stores
ROST
$81.9B
| $2.41M | ﹤0.01% |
18,874
-743
| -4% | -$104K |
|
558
Globant
GLOB
$1.61B
| $2.39M | ﹤0.01% |
20,298
-7,049
| -26% | -$1.26M |
|
|
RYZ
559
Ryerson Holding Corp
RYZ
$1.46B
| $2.37M | ﹤0.01% |
103,067
| – | – |
|
560
First Financial Corp
THFF
$969M
| $2.36M | ﹤0.01% |
48,279
-1,926
| -4% | -$94.7K |
|
561
iShares Core MSCI EAFE ETF
IEFA
$196B
| $2.36M | ﹤0.01% |
31,228
-119,084
| -79% | -$8.9M |
|
562
DXP Enterprises
DXPE
$2.98B
| $2.36M | ﹤0.01% |
28,698
-7,807
| -21% | -$720K |
|
563
Central Pacific Financial
CPF
$1B
| $2.32M | ﹤0.01% |
85,866
| – | – |
|
564
State Street Technology Select Sector SPDR ETF
XLK
$124B
| $2.32M | ﹤0.01% |
22,472
-2,274
| -9% | -$258K |
|
565
Hormel Foods
HRL
$13.8B
| $2.24M | ﹤0.01% |
72,317
-2,664
| -4% | -$79.1K |
|
566
Stewart Information Services
STC
$2.08B
| $2.22M | ﹤0.01% |
31,065
| – | – |
|
567
Citizens Financial Group
CFG
$30.6B
| $2.2M | ﹤0.01% |
+53,756
| New | +$2.4M |
|
568
Ambev
ABEV
$46.4B
| $2.19M | ﹤0.01% |
938,410
-3,881,218
| -81% | -$7.76M |
|
|
DAWN
569
DELISTED
Day One Biopharmaceuticals
DAWN
| $2.18M | ﹤0.01% |
275,207
+186,075
| +209% | +$2M |
|
570
Valero Energy
VLO
$85.9B
| $2.16M | ﹤0.01% |
16,344
-533
| -3% | -$70.7K |
|
571
Global Payments
GPN
$22.8B
| $2.15M | ﹤0.01% |
22,006
-23,019
| -51% | -$2.41M |
|
572
Devon Energy
DVN
$47.3B
| $2.14M | ﹤0.01% |
57,247
-63,190
| -52% | -$2.24M |
|
573
Stepan Co
SCL
$1.48B
| $2.11M | ﹤0.01% |
38,360
| – | – |
|
574
Huntsman Corp
HUN
$1.77B
| $2.09M | ﹤0.01% |
132,503
| – | – |
|
575
MiMedx Group
MDXG
$633M
| $2.07M | ﹤0.01% |
273,002
| – | – |
|
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.