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 | |
|---|---|---|---|---|---|---|
676
Freedom Day Dividend ETF
MBOX
$151M
| $1.17M | ﹤0.01% |
+35,000
| New | +$1.14M |
|
677
Semtech
SMTC
$11.3B
| $1.16M | ﹤0.01% |
25,780
-2,343
| -8% | -$83.4K |
|
678
Baidu
BIDU
$37.7B
| $1.16M | ﹤0.01% |
13,559
-5,248
| -28% | -$453K |
|
679
Tango Therapeutics
TNGX
$4.69B
| $1.15M | ﹤0.01% |
224,077
| – | – |
|
680
Marriott International
MAR
$94.2B
| $1.13M | ﹤0.01% |
4,147
+820
| +25% | +$206K |
|
681
Archrock
AROC
$5.95B
| $1.13M | ﹤0.01% |
45,618
-60,034
| -57% | -$1.47M |
|
|
RYZ
682
Ryerson Holding Corp
RYZ
$1.43B
| $1.11M | ﹤0.01% |
51,673
-51,394
| -50% | -$1.11M |
|
683
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
| $1.09M | ﹤0.01% |
32,551
-5,765
| -15% | -$191K |
|
684
Oneok
OKE
$55B
| $1.09M | ﹤0.01% |
13,369
-6,273
| -32% | -$523K |
|
685
Moody's
MCO
$83.8B
| $1.09M | ﹤0.01% |
2,172
+1,008
| +87% | +$467K |
|
686
Fidelity MSCI Financials Index ETF
FNCL
$2.42B
| $1.09M | ﹤0.01% |
14,705
+5,063
| +53% | +$351K |
|
|
MBCN
687
DELISTED
Middlefield Banc Corp
MBCN
| $1.06M | ﹤0.01% |
+35,072
| New | +$978K |
|
688
Beazer Homes USA
BZH
$931M
| $1.05M | ﹤0.01% |
47,090
-18,437
| -28% | -$383K |
|
689
State Street SPDR S&P Retail ETF
XRT
$329M
| $1.04M | ﹤0.01% |
+13,548
| New | +$983K |
|
690
Invesco Large Cap Growth ETF
PWB
$2.4B
| $1.04M | ﹤0.01% |
+8,877
| New | +$928K |
|
691
Hackett Group
HCKT
$290M
| $1.03M | ﹤0.01% |
40,693
-25,089
| -38% | -$639K |
|
692
Vishay Intertechnology
VSH
$5.09B
| $1.03M | ﹤0.01% |
64,913
-7,967
| -11% | -$111K |
|
693
Consumer Portfolio Services
CPSS
$199M
| $1.01M | ﹤0.01% |
102,377
| – | – |
|
694
Vanguard Energy ETF
VDE
$9.69B
| $981K | ﹤0.01% |
8,233
+9
| +0.1% | +$1.05K |
|
695
Public Service Enterprise Group
PEG
$37.6B
| $979K | ﹤0.01% |
11,633
-6,815
| -37% | -$550K |
|
696
American Public Education
APEI
$987M
| $979K | ﹤0.01% |
+32,130
| New | +$850K |
|
697
NIO
NIO
$11.7B
| $963K | ﹤0.01% |
280,801
-14,788
| -5% | -$55.1K |
|
|
BPMC
698
DELISTED
Blueprint Medicines
BPMC
| $956K | ﹤0.01% |
7,459
-303,275
| -98% | -$31.5M |
|
699
Royal Caribbean
RCL
$87.6B
| $953K | ﹤0.01% |
3,044
+778
| +34% | +$185K |
|
700
Essex Property Trust
ESS
$18.5B
| $947K | ﹤0.01% |
3,342
+840
| +34% | +$236K |
|
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.