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 | |
|---|---|---|---|---|---|---|
651
Five Star Bancorp
FSBC
$1.13B
| $1.2M | ﹤0.01% |
+43,240
| New | +$1.29M |
|
652
Nicolet Bankshares
NIC
$3.62B
| $1.17M | ﹤0.01% |
10,781
-2,584
| -19% | -$290K |
|
653
Automatic Data Processing
ADP
$108B
| $1.17M | ﹤0.01% |
3,836
+1,557
| +68% | +$470K |
|
654
Accenture
ACN
$108B
| $1.17M | ﹤0.01% |
3,749
-1,206
| -24% | -$426K |
|
655
Shore Bancshares
SHBI
$796M
| $1.17M | ﹤0.01% |
86,338
| – | – |
|
656
Vishay Intertechnology
VSH
$5.43B
| $1.16M | ﹤0.01% |
72,880
-2,442,696
| -97% | -$41.8M |
|
657
Gerdau
GGB
$9.7B
| $1.15M | ﹤0.01% |
404,981
-168,003
| -29% | -$490K |
|
|
SPYM
658
State Street SPDR Portfolio S&P 500 ETF
SPYM
$168B
| $1.15M | ﹤0.01% |
17,451
+9,520
| +120% | +$658K |
|
659
Estee Lauder
EL
$32B
| $1.14M | ﹤0.01% |
17,298
-6,091
| -26% | -$441K |
|
660
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.3B
| $1.13M | ﹤0.01% |
22,062
-6,892
| -24% | -$349K |
|
661
NIO
NIO
$11.9B
| $1.13M | ﹤0.01% |
295,589
+126,967
| +75% | +$559K |
|
662
iShares Core S&P Mid-Cap ETF
IJH
$127B
| $1.11M | ﹤0.01% |
18,990
+1,082
| +6% | +$67.2K |
|
663
Titan Machinery
TITN
$445M
| $1.1M | ﹤0.01% |
64,306
| – | – |
|
664
AnaptysBio
ANAB
$1.68B
| $1.09M | ﹤0.01% |
58,878
| – | – |
|
665
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $1.09M | ﹤0.01% |
20,898
+15,152
| +264% | +$788K |
|
666
iShares Core S&P Small-Cap ETF
IJR
$112B
| $1.09M | ﹤0.01% |
10,381
+2,792
| +37% | +$315K |
|
|
CLDT
667
Chatham Lodging
CLDT
$586M
| $1.08M | ﹤0.01% |
151,626
| – | – |
|
668
Arcus Biosciences
RCUS
$3.64B
| $1.08M | ﹤0.01% |
+137,638
| New | +$1.6M |
|
669
GE Vernova
GEV
$264B
| $1.08M | ﹤0.01% |
3,535
+298
| +9% | +$104K |
|
670
KeyCorp
KEY
$24.4B
| $1.07M | ﹤0.01% |
+67,028
| New | +$1.14M |
|
671
Vanguard Energy ETF
VDE
$9.74B
| $1.07M | ﹤0.01% |
8,224
+1,496
| +22% | +$189K |
|
672
Aflac
AFL
$62.6B
| $1.06M | ﹤0.01% |
9,490
+1,799
| +23% | +$191K |
|
673
Dimensional US High Profitability ETF
DUHP
$12.7B
| $1.05M | ﹤0.01% |
+31,791
| New | +$1.09M |
|
674
Vanguard Total International Stock ETF
VXUS
$160B
| $1.05M | ﹤0.01% |
16,899
-2,224
| -12% | -$137K |
|
675
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$40.9B
| $1.04M | ﹤0.01% |
+20,156
| New | +$1.12M |
|
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.