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 | |
|---|---|---|---|---|---|---|
601
Devon Energy
DVN
$48.5B
| $1.67M | ﹤0.01% |
52,524
-4,723
| -8% | -$150K |
|
602
MiMedx Group
MDXG
$606M
| $1.67M | ﹤0.01% |
273,002
| – | – |
|
603
SPDR Gold Trust
GLD
$138B
| $1.66M | ﹤0.01% |
5,442
-4,403
| -45% | -$1.33M |
|
604
KeyCorp
KEY
$24.8B
| $1.65M | ﹤0.01% |
94,676
+27,648
| +41% | +$429K |
|
605
Shore Bancshares
SHBI
$814M
| $1.63M | ﹤0.01% |
103,396
+17,058
| +20% | +$240K |
|
606
Vanguard Total International Stock ETF
VXUS
$158B
| $1.62M | ﹤0.01% |
23,506
+6,607
| +39% | +$429K |
|
607
Peoples Bancorp
PEBO
$1.5B
| $1.61M | ﹤0.01% |
52,743
| – | – |
|
608
3M
MMM
$93.9B
| $1.61M | ﹤0.01% |
10,575
-1,317
| -11% | -$188K |
|
609
Allient
ALNT
$1.58B
| $1.61M | ﹤0.01% |
44,248
| – | – |
|
610
Qorvo
QRVO
$8.4B
| $1.58M | ﹤0.01% |
18,641
-1,290
| -6% | -$93.2K |
|
611
Estee Lauder
EL
$31.5B
| $1.58M | ﹤0.01% |
19,582
+2,284
| +13% | +$147K |
|
612
Texas Instruments
TXN
$254B
| $1.58M | ﹤0.01% |
7,611
-2,120
| -22% | -$376K |
|
613
Southside Bancshares
SBSI
$973M
| $1.58M | ﹤0.01% |
53,638
+8
| +0% | +$227 |
|
614
iShares Core MSCI EAFE ETF
IEFA
$194B
| $1.57M | ﹤0.01% |
18,762
-12,466
| -40% | -$989K |
|
615
Invesco NASDAQ 100 ETF
QQQM
$101B
| $1.56M | ﹤0.01% |
6,890
-3,772
| -35% | -$772K |
|
616
KraneShares CSI China Internet ETF
KWEB
$5.65B
| $1.56M | ﹤0.01% |
45,471
-2,397
| -5% | -$79.4K |
|
617
Prologis
PLD
$131B
| $1.56M | ﹤0.01% |
14,820
-1,477
| -9% | -$155K |
|
618
Republic Services
RSG
$63.7B
| $1.53M | ﹤0.01% |
6,217
+289
| +5% | +$71.4K |
|
619
Takeda Pharmaceutical
TAK
$53.4B
| $1.52M | ﹤0.01% |
98,635
+46,490
| +89% | +$687K |
|
620
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.6B
| $1.51M | ﹤0.01% |
52,550
-59,435
| -53% | -$1.69M |
|
621
State Street SPDR Bloomberg International Corporate Bond ETF
IBND
$462M
| $1.51M | ﹤0.01% |
46,234
+37
| +0.1% | +$1.15K |
|
622
Revvity
RVTY
$12.8B
| $1.51M | ﹤0.01% |
15,560
-46,459
| -75% | -$4.38M |
|
623
NextEra Energy
NEE
$179B
| $1.5M | ﹤0.01% |
21,605
-895
| -4% | -$62.2K |
|
624
Mizuho Financial
MFG
$130B
| $1.48M | ﹤0.01% |
266,074
+18,717
| +8% | +$97.1K |
|
625
Darling Ingredients
DAR
$9.19B
| $1.47M | ﹤0.01% |
38,849
-3,352
| -8% | -$110K |
|
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.