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 | |
|---|---|---|---|---|---|---|
726
Pacer US Cash Cows 100 ETF
COWZ
$19B
| $757K | ﹤0.01% |
13,734
+5,602
| +69% | +$297K |
|
727
iShares MSCI Spain ETF
EWP
$2.15B
| $757K | ﹤0.01% |
17,188
-1,265
| -7% | -$52.2K |
|
728
Deckers Outdoor
DECK
$13.5B
| $756K | ﹤0.01% |
7,330
+84
| +1% | +$9.3K |
|
729
Quanex
NX
$959M
| $755K | ﹤0.01% |
39,946
-37,967
| -49% | -$673K |
|
730
iShares MSCI USA Quality Factor ETF
QUAL
$47.7B
| $752K | ﹤0.01% |
4,115
-911
| -18% | -$157K |
|
731
McKesson
MCK
$103B
| $746K | ﹤0.01% |
1,018
+13
| +1% | +$9.17K |
|
732
BioMarin Pharmaceuticals
BMRN
$11.6B
| $745K | ﹤0.01% |
13,545
-28
| -0.2% | -$1.65K |
|
733
CF Industries
CF
$17.9B
| $743K | ﹤0.01% |
8,072
+272
| +3% | +$23.2K |
|
734
iShares Global Financials ETF
IXG
$687M
| $740K | ﹤0.01% |
6,680
+418
| +7% | +$43.8K |
|
735
Motorola Solutions
MSI
$72.7B
| $733K | ﹤0.01% |
1,742
+317
| +22% | +$133K |
|
736
iShares Core S&P Small-Cap ETF
IJR
$112B
| $720K | ﹤0.01% |
6,583
-3,798
| -37% | -$393K |
|
737
Campbell Soup
CPB
$6.87B
| $718K | ﹤0.01% |
23,432
+224
| +1% | +$7.88K |
|
738
Arcus Biosciences
RCUS
$3.48B
| $718K | ﹤0.01% |
88,163
-49,475
| -36% | -$423K |
|
739
iShares Russell 2000 ETF
IWM
$82.5B
| $716K | ﹤0.01% |
3,317
-474
| -13% | -$95.4K |
|
740
Clorox
CLX
$12.8B
| $715K | ﹤0.01% |
5,951
-88
| -1% | -$11.7K |
|
741
Yum China
YUMC
$16.3B
| $701K | ﹤0.01% |
15,687
-8,421
| -35% | -$376K |
|
742
BJs Wholesale Club
BJ
$12.3B
| $695K | ﹤0.01% |
+6,445
| New | +$734K |
|
|
AXON
743
Axon Enterprise
AXON
$49.1B
| $676K | ﹤0.01% |
816
-124
| -13% | -$84.4K |
|
744
Duke Energy
DUK
$96.2B
| $673K | ﹤0.01% |
5,702
-1,383
| -20% | -$163K |
|
745
L3Harris
LHX
$53.3B
| $668K | ﹤0.01% |
2,662
-248
| -9% | -$57K |
|
746
Vanguard FTSE All-World ex-US ETF
VEU
$68B
| $659K | ﹤0.01% |
9,801
+4,583
| +88% | +$290K |
|
747
Fidelity MSCI Health Care Index ETF
FHLC
$3.32B
| $655K | ﹤0.01% |
10,235
+507
| +5% | +$32.3K |
|
748
Mondelez International
MDLZ
$79.9B
| $649K | ﹤0.01% |
9,620
-1,294
| -12% | -$86.3K |
|
749
Cintas
CTAS
$80.6B
| $644K | ﹤0.01% |
2,891
+413
| +17% | +$88.9K |
|
750
Schwab US Large- Cap ETF
SCHX
$74.1B
| $642K | ﹤0.01% |
26,275
-13,724
| -34% | -$310K |
|
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.