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 | |
|---|---|---|---|---|---|---|
701
Consumer Portfolio Services
CPSS
$206M
| $888K | ﹤0.01% |
102,377
| – | – |
|
702
Schwab US Large- Cap ETF
SCHX
$74.5B
| $883K | ﹤0.01% |
+39,999
| New | +$931K |
|
703
W&T Offshore
WTI
$518M
| $879K | ﹤0.01% |
566,941
-3,000
| -0.5% | -$4.95K |
|
704
Vanguard Real Estate ETF
VNQ
$39B
| $872K | ﹤0.01% |
9,631
+3,040
| +46% | +$276K |
|
705
Blackstone
BX
$110B
| $869K | ﹤0.01% |
6,214
+1,869
| +43% | +$303K |
|
706
Duke Energy
DUK
$97.3B
| $864K | ﹤0.01% |
7,085
+1,768
| +33% | +$202K |
|
707
Dimensional US Targeted Value ETF
DFAT
$14.7B
| $860K | ﹤0.01% |
16,710
+8,422
| +102% | +$463K |
|
708
iShares MSCI USA Quality Factor ETF
QUAL
$47.9B
| $859K | ﹤0.01% |
5,026
+3,079
| +158% | +$551K |
|
709
Sierra Bancorp
BSRR
$525M
| $859K | ﹤0.01% |
+30,801
| New | +$911K |
|
710
Zymeworks
ZYME
$1.73B
| $857K | ﹤0.01% |
71,974
+8,374
| +13% | +$114K |
|
711
Bank of Marin Bancorp
BMRC
$459M
| $846K | ﹤0.01% |
+38,353
| New | +$910K |
|
712
AdvanSix
ASIX
$444M
| $842K | ﹤0.01% |
37,164
+96
| +0.3% | +$2.67K |
|
713
PayPal
PYPL
$50.5B
| $836K | ﹤0.01% |
12,807
-410
| -3% | -$31.9K |
|
714
Reliance Steel & Aluminium
RS
$21.6B
| $833K | ﹤0.01% |
2,885
-166
| -5% | -$47.5K |
|
715
Preferred Bank
PFBC
$1.25B
| $816K | ﹤0.01% |
9,754
-2
| -0% | -$173 |
|
716
Sarepta Therapeutics
SRPT
$1.77B
| $814K | ﹤0.01% |
12,760
-5,145
| -29% | -$542K |
|
717
Deckers Outdoor
DECK
$13.3B
| $810K | ﹤0.01% |
7,246
-986
| -12% | -$159K |
|
718
Cigna
CI
$74.6B
| $802K | ﹤0.01% |
2,438
+199
| +9% | +$60K |
|
719
Replimune Group
REPL
$1.01B
| $799K | ﹤0.01% |
81,949
+4,286
| +6% | +$53K |
|
720
Marriott International
MAR
$92.3B
| $793K | ﹤0.01% |
3,327
-3,767
| -53% | -$1.02M |
|
721
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
| $786K | ﹤0.01% |
10,263
+5,843
| +132% | +$441K |
|
722
Dominion Energy
D
$59.3B
| $785K | ﹤0.01% |
+14,003
| New | +$770K |
|
723
Gilead Sciences
GILD
$165B
| $779K | ﹤0.01% |
6,950
-3,656
| -34% | -$377K |
|
724
Takeda Pharmaceutical
TAK
$55.7B
| $775K | ﹤0.01% |
52,145
+10,811
| +26% | +$151K |
|
725
Travere Therapeutics
TVTX
$5.78B
| $774K | ﹤0.01% |
43,182
| – | – |
|
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.