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 | |
|---|---|---|---|---|---|---|
701
Universal Health Services
UHS
$10.4B
| $944K | ﹤0.01% |
5,212
+2,202
| +73% | +$397K |
|
702
PDF Solutions
PDFS
$2.07B
| $934K | ﹤0.01% |
43,679
-3,630
| -8% | -$68.7K |
|
703
Phillips 66
PSX
$81.2B
| $921K | ﹤0.01% |
7,720
+1,516
| +24% | +$170K |
|
704
Kroger
KR
$34.7B
| $915K | ﹤0.01% |
12,751
-2,318
| -15% | -$160K |
|
705
Reliance Steel & Aluminium
RS
$21.5B
| $908K | ﹤0.01% |
2,892
+7
| +0.2% | +$2.07K |
|
706
Cigna
CI
$71.5B
| $906K | ﹤0.01% |
2,741
+303
| +12% | +$97.7K |
|
707
Zymeworks
ZYME
$1.73B
| $903K | ﹤0.01% |
71,979
+5
| +0% | +$60 |
|
708
Movado Group
MOV
$867M
| $900K | ﹤0.01% |
59,013
+27,431
| +87% | +$419K |
|
709
SP Funds Dow Jones Global Sukuk ETF
SPSK
$648M
| $877K | ﹤0.01% |
48,129
+37,100
| +336% | +$670K |
|
710
Teledyne Technologies
TDY
$31.7B
| $872K | ﹤0.01% |
1,702
-830
| -33% | -$400K |
|
|
SPYM
711
State Street SPDR Portfolio S&P 500 ETF
SPYM
$167B
| $863K | ﹤0.01% |
11,875
-5,576
| -32% | -$375K |
|
712
PNC Financial Services
PNC
$102B
| $856K | ﹤0.01% |
4,593
+597
| +15% | +$101K |
|
713
Constellation Energy
CEG
$94.7B
| $855K | ﹤0.01% |
2,648
+444
| +20% | +$117K |
|
714
Viper Energy
VNOM
$8.09B
| $847K | ﹤0.01% |
22,223
-35,210
| -61% | -$1.42M |
|
715
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
| $847K | ﹤0.01% |
14,109
-2,516
| -15% | -$140K |
|
716
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$41.3B
| $826K | ﹤0.01% |
20,403
-4,255
| -17% | -$163K |
|
717
Vanguard Dividend Appreciation ETF
VIG
$114B
| $822K | ﹤0.01% |
4,015
-2,248
| -36% | -$436K |
|
718
iShares Russell Top 200 Growth ETF
IWY
$16.6B
| $821K | ﹤0.01% |
+3,329
| New | +$741K |
|
719
Aflac
AFL
$63.9B
| $813K | ﹤0.01% |
7,709
-1,781
| -19% | -$187K |
|
|
VRNT
720
DELISTED
Verint Systems
VRNT
| $811K | ﹤0.01% |
41,214
-1,380,678
| -97% | -$24.1M |
|
721
Cogent Biosciences
COGT
$7.22B
| $796K | ﹤0.01% |
110,908
| – | – |
|
722
Invesco S&P MidCap Quality ETF
XMHQ
$5.61B
| $786K | ﹤0.01% |
+8,003
| New | +$756K |
|
723
Blackstone
BX
$109B
| $783K | ﹤0.01% |
5,235
-979
| -16% | -$135K |
|
724
Genpact
G
$5.98B
| $777K | ﹤0.01% |
17,646
-224
| -1% | -$10.1K |
|
725
Replimune Group
REPL
$994M
| $761K | ﹤0.01% |
81,949
| – | – |
|
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.