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 | |
|---|---|---|---|---|---|---|
726
iShares Gold Trust
IAU
$67.5B
| $770K | ﹤0.01% |
13,067
+2,803
| +27% | +$152K |
|
727
Essex Property Trust
ESS
$18.5B
| $767K | ﹤0.01% |
2,502
-9,787
| -80% | -$2.86M |
|
728
Phillips 66
PSX
$81.4B
| $766K | ﹤0.01% |
6,204
+47
| +0.8% | +$5.79K |
|
729
First Mid Bancshares
FMBH
$1.36B
| $765K | ﹤0.01% |
21,917
| – | – |
|
730
iShares Russell 2000 ETF
IWM
$83B
| $756K | ﹤0.01% |
3,791
-176
| -4% | -$38.2K |
|
731
iShares Europe ETF
IEV
$1.7B
| $748K | ﹤0.01% |
12,854
-5,263
| -29% | -$299K |
|
732
iShares TIPS Bond ETF
TIP
$14.5B
| $741K | ﹤0.01% |
6,670
+1,525
| +30% | +$166K |
|
733
Mondelez International
MDLZ
$79.9B
| $741K | ﹤0.01% |
10,914
+606
| +6% | +$37.4K |
|
734
Brookfield
BN
$108B
| $707K | ﹤0.01% |
20,240
+5,430
| +37% | +$205K |
|
735
PNC Financial Services
PNC
$101B
| $702K | ﹤0.01% |
3,996
+259
| +7% | +$48.9K |
|
736
iShares MSCI Spain ETF
EWP
$2.17B
| $702K | ﹤0.01% |
18,453
-1,434
| -7% | -$50.1K |
|
737
Williams-Sonoma
WSM
$29.6B
| $699K | ﹤0.01% |
+4,422
| New | +$855K |
|
738
Tapestry
TPR
$32.8B
| $687K | ﹤0.01% |
+9,751
| New | +$738K |
|
739
Nuveen California Quality Municipal Income Fund
NAC
$1.85B
| $686K | ﹤0.01% |
+61,029
| New | +$693K |
|
740
Kinder Morgan
KMI
$68.7B
| $681K | ﹤0.01% |
23,880
+964
| +4% | +$26.7K |
|
741
McKesson
MCK
$101B
| $677K | ﹤0.01% |
1,005
+82
| +9% | +$50.7K |
|
742
Toro Company
TTC
$9.49B
| $674K | ﹤0.01% |
9,270
+4,996
| +117% | +$395K |
|
743
iShares MSCI Switzerland ETF
EWL
$2.23B
| $671K | ﹤0.01% |
12,949
-4,786
| -27% | -$242K |
|
744
Fidelity MSCI Financials Index ETF
FNCL
$2.4B
| $670K | ﹤0.01% |
9,642
+1,593
| +20% | +$113K |
|
745
Alcon
ALC
$35B
| $665K | ﹤0.01% |
7,003
-396
| -5% | -$35.5K |
|
746
Fidelity MSCI Health Care Index ETF
FHLC
$3.36B
| $665K | ﹤0.01% |
9,728
-146
| -1% | -$10K |
|
747
Cogent Biosciences
COGT
$7.24B
| $664K | ﹤0.01% |
110,908
| – | – |
|
748
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
| $654K | ﹤0.01% |
3,773
+208
| +6% | +$37K |
|
749
iShares Global Financials ETF
IXG
$687M
| $645K | ﹤0.01% |
6,262
+2,945
| +89% | +$299K |
|
750
American Electric Power
AEP
$68.4B
| $631K | ﹤0.01% |
5,778
+1,210
| +26% | +$123K |
|
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.