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 | |
|---|---|---|---|---|---|---|
626
Berkshire Hathaway Class A
BRK.A
$1.12T
| $1.46M | ﹤0.01% |
2
| – | – |
|
627
W&T Offshore
WTI
$484M
| $1.46M | ﹤0.01% |
882,842
+315,901
| +56% | +$466K |
|
628
Howmet Aerospace
HWM
$117B
| $1.46M | ﹤0.01% |
7,817
+6,251
| +399% | +$962K |
|
629
M/I Homes
MHO
$3.81B
| $1.45M | ﹤0.01% |
12,975
-21,762
| -63% | -$2.36M |
|
630
A10 Networks
ATEN
$2.22B
| $1.45M | ﹤0.01% |
74,940
| – | – |
|
|
DAWN
631
DELISTED
Day One Biopharmaceuticals
DAWN
| $1.44M | ﹤0.01% |
221,983
-53,224
| -19% | -$366K |
|
|
PDM
632
Piedmont Realty Trust
PDM
$1.21B
| $1.44M | ﹤0.01% |
196,868
-32,451
| -14% | -$224K |
|
633
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.49B
| $1.43M | ﹤0.01% |
11,379
+874
| +8% | +$105K |
|
634
CrowdStrike
CRWD
$214B
| $1.42M | ﹤0.01% |
11,164
-3,548
| -24% | -$385K |
|
635
Origin Bancorp
OBK
$1.69B
| $1.42M | ﹤0.01% |
39,717
| – | – |
|
636
IQVIA
IQV
$38.9B
| $1.41M | ﹤0.01% |
8,950
-10,975
| -55% | -$1.65M |
|
637
VSE Corp
VSEC
$6.05B
| $1.4M | ﹤0.01% |
10,693
-5,420
| -34% | -$675K |
|
638
Hyster-Yale Materials Handling
HY
$725M
| $1.4M | ﹤0.01% |
35,149
+4,560
| +15% | +$182K |
|
639
Brookfield
BN
$109B
| $1.39M | ﹤0.01% |
33,671
+13,431
| +66% | +$498K |
|
640
Huntsman Corp
HUN
$1.78B
| $1.38M | ﹤0.01% |
132,503
| – | – |
|
|
GRMN
641
Garmin
GRMN
$58.3B
| $1.36M | ﹤0.01% |
+6,509
| New | +$1.29M |
|
642
iShares MSCI Taiwan ETF
EWT
$10.6B
| $1.35M | ﹤0.01% |
23,468
-5,440
| -19% | -$278K |
|
643
VanEck Pharmaceutical ETF
PPH
$927M
| $1.32M | ﹤0.01% |
15,001
-1,263,699
| -99% | -$110M |
|
644
Suzano
SUZ
$10.3B
| $1.32M | ﹤0.01% |
140,222
-27,273
| -16% | -$250K |
|
645
iShares S&P 500 Growth ETF
IVW
$77.1B
| $1.32M | ﹤0.01% |
11,982
+8,091
| +208% | +$801K |
|
646
Las Vegas Sands
LVS
$29.7B
| $1.32M | ﹤0.01% |
30,299
-36,684
| -55% | -$1.43M |
|
647
Paylocity
PCTY
$7.91B
| $1.32M | ﹤0.01% |
7,268
-87,462
| -92% | -$16.4M |
|
648
AnaptysBio
ANAB
$1.63B
| $1.31M | ﹤0.01% |
58,899
+21
| +0% | +$440 |
|
649
AdvanSix
ASIX
$540M
| $1.3M | ﹤0.01% |
54,827
+17,663
| +48% | +$400K |
|
650
Schwab US Large-Cap Growth ETF
SCHG
$62.2B
| $1.3M | ﹤0.01% |
44,493
+8,223
| +23% | +$217K |
|
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.