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 | |
|---|---|---|---|---|---|---|
551
Central Pacific Financial
CPF
$1.02B
| $2.41M | ﹤0.01% |
85,866
| – | – |
|
552
Rexford Industrial Realty
REXR
$8.26B
| $2.38M | ﹤0.01% |
66,786
+22
| +0% | +$768 |
|
553
nLIGHT
LASR
$4.35B
| $2.37M | ﹤0.01% |
120,190
-5,387
| -4% | -$66.9K |
|
554
First Financial Corp
THFF
$979M
| $2.35M | ﹤0.01% |
43,386
-4,893
| -10% | -$244K |
|
555
Regeneron Pharmaceuticals
REGN
$79.1B
| $2.29M | ﹤0.01% |
4,353
| – | – |
|
556
Arista Networks
ANET
$248B
| $2.28M | ﹤0.01% |
22,311
-1,352
| -6% | -$117K |
|
557
GE Vernova
GEV
$271B
| $2.23M | ﹤0.01% |
4,211
+676
| +19% | +$281K |
|
558
Vanguard Industrials ETF
VIS
$8.42B
| $2.2M | ﹤0.01% |
7,847
-68
| -0.9% | -$17.6K |
|
559
Woodside Energy
WDS
$41.9B
| $2.19M | ﹤0.01% |
141,702
+30,223
| +27% | +$423K |
|
560
iShares US Aerospace & Defense ETF
ITA
$14.8B
| $2.19M | ﹤0.01% |
11,586
-1,641
| -12% | -$272K |
|
561
DXP Enterprises
DXPE
$2.61B
| $2.17M | ﹤0.01% |
24,759
-3,939
| -14% | -$328K |
|
562
Comcast
CMCSA
$87.8B
| $2.16M | ﹤0.01% |
60,619
-9,993
| -14% | -$346K |
|
|
INVX
563
Innovex International
INVX
$2.13B
| $2.12M | ﹤0.01% |
135,475
-171,207
| -56% | -$2.63M |
|
564
Valero Energy
VLO
$87.1B
| $2.09M | ﹤0.01% |
15,581
-763
| -5% | -$95.1K |
|
565
Stepan Co
SCL
$1.46B
| $2.09M | ﹤0.01% |
38,360
| – | – |
|
566
iShares MSCI EAFE ETF
EFA
$79.4B
| $2.08M | ﹤0.01% |
23,281
+2,745
| +13% | +$234K |
|
567
Incyte
INCY
$24.3B
| $2.04M | ﹤0.01% |
29,922
+12,785
| +75% | +$810K |
|
|
NPKI
568
NPK International
NPKI
$1.15B
| $2.04M | ﹤0.01% |
239,286
| – | – |
|
569
iShares Semiconductor ETF
SOXX
$47.6B
| $2.03M | ﹤0.01% |
8,515
-1,083
| -11% | -$217K |
|
570
Build-A-Bear
BBW
$437M
| $2.03M | ﹤0.01% |
39,331
-1,821
| -4% | -$77.1K |
|
571
Stewart Information Services
STC
$2.08B
| $2.02M | ﹤0.01% |
31,066
+1
| +0% | +$64 |
|
572
Oppenheimer Holdings
OPY
$1.24B
| $2.02M | ﹤0.01% |
30,709
| – | – |
|
573
MSCI
MSCI
$41.6B
| $2.01M | ﹤0.01% |
3,478
-1,296
| -27% | -$717K |
|
574
Exelixis
EXEL
$14.3B
| $1.98M | ﹤0.01% |
44,830
-448
| -1% | -$17.9K |
|
575
Expedia Group
EXPE
$38.4B
| $1.97M | ﹤0.01% |
11,691
-6,503
| -36% | -$1.05M |
|
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.