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 | |
|---|---|---|---|---|---|---|
51
Capital One
COF
$136B
| $1.46B | 0.63% |
8,169,945
-916,341
| -10% | -$173M |
|
52
Johnson & Johnson
JNJ
$621B
| $1.44B | 0.63% |
8,708,762
+514,458
| +6% | +$80.5M |
|
53
Canadian Natural Resources
CNQ
$93.3B
| $1.41B | 0.61% |
45,887,871
+1,756,605
| +4% | +$53.3M |
|
54
TotalEnergies
TTE
$188B
| $1.37B | 0.59% |
21,173,072
-856,450
| -4% | -$51.7M |
|
55
Stryker
SYK
$129B
| $1.36B | 0.59% |
3,655,641
-424,392
| -10% | -$162M |
|
56
Thermo Fisher Scientific
TMO
$214B
| $1.35B | 0.58% |
2,715,418
+49,516
| +2% | +$26.8M |
|
57
ServiceNow
NOW
$121B
| $1.34B | 0.58% |
8,393,170
-17,535
| -0.2% | -$3.38M |
|
58
Johnson Controls International
JCI
$93.1B
| $1.3B | 0.56% |
16,174,546
+431,527
| +3% | +$35.5M |
|
59
ING
ING
$103B
| $1.24B | 0.54% |
63,521,263
-2,499,925
| -4% | -$44.4M |
|
60
PepsiCo
PEP
$189B
| $1.23B | 0.53% |
8,176,067
+75,246
| +0.9% | +$11.2M |
|
61
Pfizer
PFE
$147B
| $1.2B | 0.52% |
47,440,029
+36,291,913
| +326% | +$950M |
|
62
Toyota
TM
$220B
| $1.19B | 0.51% |
6,714,729
-177,280
| -3% | -$33M |
|
63
Starbucks
SBUX
$121B
| $1.18B | 0.51% |
12,030,064
+113,287
| +1% | +$11.7M |
|
64
Unilever
UL
$139B
| $1.17B | 0.51% |
17,412,460
+1,464,937
| +9% | +$94.5M |
|
65
GSK
GSK
$103B
| $1.16B | 0.5% |
30,031,815
+11,195,018
| +59% | +$410M |
|
|
66
Barclays
BCS
$95.9B
| $1.13B | 0.49% |
73,369,893
+73,119,252
| +29,173% | +$1.09B |
|
|
67
Spotify
SPOT
$99.1B
| $1.12B | 0.48% |
+2,028,898
| New | +$1.13B |
|
68
Deere & Co
DE
$165B
| $1.1B | 0.48% |
2,343,822
+188,209
| +9% | +$88M |
|
69
iShares MSCI Europe Financials ETF
EUFN
$4.27B
| $1.09B | 0.47% |
38,319,380
+10,005,577
| +35% | +$265M |
|
70
BHP
BHP
$227B
| $1.09B | 0.47% |
22,412,922
+187,788
| +0.8% | +$9.35M |
|
71
Rio Tinto
RIO
$165B
| $1.07B | 0.46% |
17,810,429
+205,966
| +1% | +$12.7M |
|
72
Mitsubishi UFJ Financial
MUFG
$253B
| $1.04B | 0.45% |
76,237,791
+68,389,085
| +871% | +$881M |
|
73
Cummins
CMI
$89.5B
| $982M | 0.43% |
3,132,987
+60,530
| +2% | +$21.3M |
|
74
Danaher
DHR
$140B
| $950M | 0.41% |
4,635,128
+56,183
| +1% | +$12.3M |
|
75
Carrier Global
CARR
$53.9B
| $926M | 0.4% |
14,600,500
+287,169
| +2% | +$19.1M |
|
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.