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 | |
|---|---|---|---|---|---|---|
|
CRF
751
Cornerstone Total Return Fund
CRF
$1.17B
| $626K | ﹤0.01% |
+88,980
| New | +$722K |
|
752
Cedar Fair
FUN
$1.67B
| $626K | ﹤0.01% |
17,546
+2,162
| +14% | +$92K |
|
753
Motorola Solutions
MSI
$77.4B
| $624K | ﹤0.01% |
1,425
+222
| +18% | +$99K |
|
754
Invesco California AMT-Free Municipal Bond ETF
PWZ
$1.16B
| $620K | ﹤0.01% |
26,000
| – | – |
|
755
Energy Transfer Partners
ET
$69.3B
| $611K | ﹤0.01% |
32,856
-9,403
| -22% | -$183K |
|
756
CF Industries
CF
$17.3B
| $610K | ﹤0.01% |
7,800
-790
| -9% | -$66.3K |
|
757
L3Harris
LHX
$53.4B
| $609K | ﹤0.01% |
2,910
+1,382
| +90% | +$290K |
|
758
Vanguard Health Care ETF
VHT
$18.6B
| $597K | ﹤0.01% |
2,253
+1,171
| +108% | +$312K |
|
759
Allstate
ALL
$67.5B
| $589K | ﹤0.01% |
2,843
-305
| -10% | -$59.4K |
|
760
Nuveen NASDAQ 100 Dynamic Overwrite Fund
QQQX
$1.49B
| $586K | ﹤0.01% |
+24,655
| New | +$644K |
|
761
Helen of Troy
HELE
$693M
| $581K | ﹤0.01% |
10,867
| – | – |
|
762
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.9B
| $577K | ﹤0.01% |
6,288
+3,329
| +113% | +$305K |
|
763
VanEck China Bond ETF
CBON
$26.3M
| $572K | ﹤0.01% |
25,951
| – | – |
|
764
Weyerhaeuser
WY
$18.4B
| $566K | ﹤0.01% |
19,333
+243
| +1% | +$7.23K |
|
765
Universal Health Services
UHS
$10.5B
| $566K | ﹤0.01% |
3,010
+352
| +13% | +$64.2K |
|
766
iShares Global Materials ETF
MXI
$362M
| $563K | ﹤0.01% |
6,888
-3,472
| -34% | -$285K |
|
767
Dimensional US Small Cap ETF
DFAS
$15.7B
| $562K | ﹤0.01% |
+9,413
| New | +$605K |
|
768
Schwab International Equity ETF
SCHF
$68.7B
| $556K | ﹤0.01% |
28,087
-18,073
| -39% | -$355K |
|
769
Amdocs
DOX
$6.22B
| $555K | ﹤0.01% |
6,060
-3,035
| -33% | -$265K |
|
770
Installed Building Products
IBP
$6.57B
| $551K | ﹤0.01% |
3,212
-587
| -15% | -$106K |
|
771
Moody's
MCO
$82.7B
| $542K | ﹤0.01% |
1,164
+693
| +147% | +$334K |
|
772
Target
TGT
$68B
| $541K | ﹤0.01% |
5,187
-1,081
| -17% | -$135K |
|
773
Iron Mountain
IRM
$36.1B
| $530K | ﹤0.01% |
6,157
+570
| +10% | +$54.9K |
|
|
MRSH
774
Marsh
MRSH
$91.5B
| $529K | ﹤0.01% |
2,168
+175
| +9% | +$39.7K |
|
775
Movado Group
MOV
$841M
| $528K | ﹤0.01% |
31,582
| – | – |
|
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.