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 | |
|---|---|---|---|---|---|---|
626
Diageo
DEO
$53.6B
| $1.42M | ﹤0.01% |
13,561
-210,206
| -94% | -$23.8M |
|
|
NPKI
627
NPK International
NPKI
$1.14B
| $1.39M | ﹤0.01% |
239,286
| – | – |
|
628
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.51B
| $1.38M | ﹤0.01% |
10,505
-1,378
| -12% | -$185K |
|
629
Palo Alto Networks
PANW
$297B
| $1.38M | ﹤0.01% |
8,098
+3,505
| +76% | +$648K |
|
630
Origin Bancorp
OBK
$1.66B
| $1.38M | ﹤0.01% |
39,717
| – | – |
|
631
iShares MSCI Taiwan ETF
EWT
$10.7B
| $1.37M | ﹤0.01% |
28,908
-6,033
| -17% | -$310K |
|
632
Mizuho Financial
MFG
$130B
| $1.36M | ﹤0.01% |
247,357
+8,279
| +3% | +$45.5K |
|
633
State Street SPDR Bloomberg International Corporate Bond ETF
IBND
$463M
| $1.36M | ﹤0.01% |
46,197
| – | – |
|
634
TJX Companies
TJX
$178B
| $1.36M | ﹤0.01% |
11,184
+2,703
| +32% | +$328K |
|
635
Beazer Homes USA
BZH
$907M
| $1.34M | ﹤0.01% |
65,527
+17,139
| +35% | +$411K |
|
636
Darling Ingredients
DAR
$9.44B
| $1.32M | ﹤0.01% |
42,201
+19,133
| +83% | +$669K |
|
|
POWR
637
iShares U.S. Power Infrastructure ETF
POWR
$458M
| $1.31M | ﹤0.01% |
52,846
-655
| -1% | -$15.6K |
|
638
CrowdStrike
CRWD
$218B
| $1.3M | ﹤0.01% |
14,712
+4,996
| +51% | +$476K |
|
639
Enterprise Products Partners
EPD
$81.7B
| $1.27M | ﹤0.01% |
37,330
+10,854
| +41% | +$361K |
|
640
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
| $1.27M | ﹤0.01% |
38,316
+2,296
| +6% | +$75.7K |
|
641
Chubb
CB
$135B
| $1.27M | ﹤0.01% |
4,208
-8,626
| -67% | -$2.4M |
|
642
Hyster-Yale Materials Handling
HY
$665M
| $1.27M | ﹤0.01% |
30,589
| – | – |
|
643
Teledyne Technologies
TDY
$32B
| $1.26M | ﹤0.01% |
2,532
-565
| -18% | -$279K |
|
644
Yum China
YUMC
$16.3B
| $1.26M | ﹤0.01% |
24,108
+14,358
| +147% | +$689K |
|
645
Expeditors International
EXPD
$23.2B
| $1.25M | ﹤0.01% |
10,405
-3,860
| -27% | -$444K |
|
646
Ford
F
$55.7B
| $1.25M | ﹤0.01% |
124,409
-49,523
| -28% | -$484K |
|
647
Vanguard Morningstar Value ETF
VTV
$191B
| $1.23M | ﹤0.01% |
7,125
+1,540
| +28% | +$269K |
|
648
A10 Networks
ATEN
$1.95B
| $1.22M | ﹤0.01% |
74,940
-16,937
| -18% | -$325K |
|
649
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| $1.22M | ﹤0.01% |
18,820
+1,224
| +7% | +$82.1K |
|
650
Vanguard Dividend Appreciation ETF
VIG
$114B
| $1.21M | ﹤0.01% |
6,263
+2,514
| +67% | +$500K |
|
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.