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 | |
|---|---|---|---|---|---|---|
51
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.4B
| $1.54B | 0.61% |
57,950,223
+3,231,049
| +6% | +$84.8M |
|
52
Canadian Natural Resources
CNQ
$99.4B
| $1.51B | 0.6% |
47,939,585
+2,051,714
| +4% | +$62.2M |
|
53
Union Pacific
UNP
$174B
| $1.47B | 0.58% |
6,398,715
+46,436
| +0.7% | +$10.3M |
|
54
AstraZeneca
AZN
$263B
| $1.45B | 0.57% |
10,347,990
+265,260
| +3% | +$37.2M |
|
55
Stryker
SYK
$125B
| $1.37B | 0.54% |
3,450,236
-205,405
| -6% | -$76.8M |
|
56
ING
ING
$99.8B
| $1.33B | 0.53% |
60,893,207
-2,628,056
| -4% | -$53.1M |
|
57
Unilever
UL
$137B
| $1.32B | 0.52% |
19,181,020
+1,768,560
| +10% | +$124M |
|
58
Deere & Co
DE
$160B
| $1.31B | 0.52% |
2,580,228
+236,406
| +10% | +$116M |
|
59
ConocoPhillips
COP
$147B
| $1.29B | 0.51% |
14,393,875
+224,201
| +2% | +$20.2M |
|
60
Johnson & Johnson
JNJ
$618B
| $1.26B | 0.5% |
8,272,472
-436,290
| -5% | -$67.1M |
|
61
TotalEnergies
TTE
$195B
| $1.26B | 0.5% |
20,486,665
-686,407
| -3% | -$40.7M |
|
62
Mitsubishi UFJ Financial
MUFG
$253B
| $1.23B | 0.49% |
89,513,174
+13,275,383
| +17% | +$172M |
|
63
GSK
GSK
$104B
| $1.2B | 0.48% |
31,338,405
+1,306,590
| +4% | +$49.9M |
|
64
Toyota
TM
$224B
| $1.18B | 0.47% |
6,827,634
+112,905
| +2% | +$20.4M |
|
65
Pfizer
PFE
$143B
| $1.17B | 0.47% |
48,390,268
+950,239
| +2% | +$22.2M |
|
|
66
Salesforce
CRM
$151B
| $1.15B | 0.46% |
4,227,039
-3,824,987
| -48% | -$1.02B |
|
67
iShares MSCI Europe Financials ETF
EUFN
$4.14B
| $1.12B | 0.44% |
35,345,109
-2,974,271
| -8% | -$89.9M |
|
68
Boeing
BA
$171B
| $1.12B | 0.44% |
5,327,443
+196,666
| +4% | +$37.1M |
|
69
Carrier Global
CARR
$51B
| $1.1B | 0.44% |
15,048,555
+448,055
| +3% | +$30.4M |
|
70
BHP
BHP
$215B
| $1.1B | 0.44% |
22,842,252
+429,330
| +2% | +$20.6M |
|
71
Starbucks
SBUX
$120B
| $1.09B | 0.43% |
11,919,980
-110,084
| -0.9% | -$9.54M |
|
72
Thermo Fisher Scientific
TMO
$213B
| $1.09B | 0.43% |
2,689,803
-25,615
| -0.9% | -$10.7M |
|
73
Rio Tinto
RIO
$158B
| $1.08B | 0.43% |
18,562,934
+752,505
| +4% | +$44.4M |
|
74
Cummins
CMI
$87.5B
| $1.07B | 0.43% |
3,275,045
+142,058
| +5% | +$44M |
|
75
PepsiCo
PEP
$190B
| $1.05B | 0.42% |
7,956,402
-219,665
| -3% | -$29.6M |
|
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.