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 | |
|---|---|---|---|---|---|---|
676
Integra LifeSciences
IART
$1.34B
| $1.04M | ﹤0.01% |
47,198
| – | – |
|
677
Incyte
INCY
$24.4B
| $1.04M | ﹤0.01% |
17,137
-11,786
| -41% | -$822K |
|
678
Kroger
KR
$34.8B
| $1.02M | ﹤0.01% |
15,069
-8,228
| -35% | -$521K |
|
679
Manitowoc
MTW
$675M
| $1.01M | ﹤0.01% |
117,640
| – | – |
|
680
WisdomTree
WT
$3.22B
| $996K | ﹤0.01% |
111,636
+4
| +0% | +$37 |
|
681
Palantir
PLTR
$413B
| $982K | ﹤0.01% |
11,635
+3,079
| +36% | +$270K |
|
682
nLIGHT
LASR
$3.17B
| $976K | ﹤0.01% |
125,577
| – | – |
|
683
Allient
ALNT
$1.92B
| $973K | ﹤0.01% |
44,248
| – | – |
|
684
Semtech
SMTC
$13B
| $967K | ﹤0.01% |
28,123
-911,364
| -97% | -$45M |
|
685
State Street SPDR S&P Metals & Mining ETF
XME
$4.42B
| $962K | ﹤0.01% |
17,188
+2,373
| +16% | +$139K |
|
686
BioMarin Pharmaceuticals
BMRN
$12.3B
| $960K | ﹤0.01% |
13,573
-393
| -3% | -$26.4K |
|
687
National Grid
NGG
$81.3B
| $958K | ﹤0.01% |
15,238
+1,513
| +11% | +$88.9K |
|
688
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$657M
| $943K | ﹤0.01% |
+74,913
| New | +$954K |
|
689
Oil States International
OIS
$491M
| $943K | ﹤0.01% |
183,084
| – | – |
|
690
Campbell Soup
CPB
$6.87B
| $926K | ﹤0.01% |
23,208
-61,183
| -72% | -$2.4M |
|
|
MOFG
691
DELISTED
MidWestOne Financial Group
MOFG
| $920K | ﹤0.01% |
+31,077
| New | +$938K |
|
692
Dimensional US Core Equity 2 ETF
DFAC
$49.4B
| $911K | ﹤0.01% |
+27,609
| New | +$958K |
|
|
STR
693
DELISTED
Sitio Royalties
STR
| $910K | ﹤0.01% |
45,796
+3,042
| +7% | +$61.6K |
|
694
Schwab US Large-Cap Growth ETF
SCHG
$62.8B
| $908K | ﹤0.01% |
36,270
+5,913
| +19% | +$162K |
|
695
PDF Solutions
PDFS
$2.07B
| $904K | ﹤0.01% |
47,309
-75
| -0.2% | -$1.84K |
|
696
Genpact
G
$5.81B
| $900K | ﹤0.01% |
17,870
-6,719
| -27% | -$333K |
|
697
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$41.6B
| $898K | ﹤0.01% |
24,658
+4,616
| +23% | +$167K |
|
698
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
| $897K | ﹤0.01% |
16,625
+8,863
| +114% | +$477K |
|
699
Vanguard FTSE Emerging Markets ETF
VWO
$124B
| $895K | ﹤0.01% |
19,770
-5,249
| -21% | -$236K |
|
700
Clorox
CLX
$12.7B
| $889K | ﹤0.01% |
6,039
-20,388
| -77% | -$3.11M |
|
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.