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 | |
|---|---|---|---|---|---|---|
751
Travere Therapeutics
TVTX
$5.77B
| $639K | ﹤0.01% |
43,182
| – | – |
|
752
iShares MSCI EAFE Value ETF
EFV
$29.2B
| $632K | ﹤0.01% |
9,949
+3,880
| +64% | +$237K |
|
753
Vanguard Real Estate ETF
VNQ
$39.1B
| $631K | ﹤0.01% |
7,088
-2,543
| -26% | -$224K |
|
754
iShares Gold Trust
IAU
$66.2B
| $629K | ﹤0.01% |
10,087
-2,980
| -23% | -$185K |
|
755
Occidental Petroleum
OXY
$53.9B
| $626K | ﹤0.01% |
14,910
-153,447
| -91% | -$6.41M |
|
|
BNY
756
Bank of New York Mellon
BNY
$108B
| $624K | ﹤0.01% |
6,843
+806
| +13% | +$68.4K |
|
757
Vanguard High Dividend Yield ETF
VYM
$82.7B
| $622K | ﹤0.01% |
4,668
+2,408
| +107% | +$305K |
|
758
Skywest
SKYW
$4.59B
| $619K | ﹤0.01% |
6,008
+8
| +0.1% | +$760 |
|
759
Invesco California AMT-Free Municipal Bond ETF
PWZ
$1.16B
| $607K | ﹤0.01% |
26,000
| – | – |
|
760
Vanguard Russell 1000 Growth ETF
VONG
$45B
| $604K | ﹤0.01% |
5,534
+594
| +12% | +$58.5K |
|
761
Allstate
ALL
$68B
| $604K | ﹤0.01% |
2,998
+155
| +5% | +$30.9K |
|
762
Amcor
AMCR
$22B
| $599K | ﹤0.01% |
+13,037
| New | +$601K |
|
763
Eversource Energy
ES
$27.2B
| $593K | ﹤0.01% |
9,324
+3,202
| +52% | +$197K |
|
764
Yelp
YELP
$1.41B
| $590K | ﹤0.01% |
17,229
-882,376
| -98% | -$31.9M |
|
765
iShares TIPS Bond ETF
TIP
$14.5B
| $590K | ﹤0.01% |
5,362
-1,308
| -20% | -$143K |
|
766
Alcon
ALC
$34.3B
| $589K | ﹤0.01% |
6,668
-335
| -5% | -$30.1K |
|
767
Analog Devices
ADI
$184B
| $588K | ﹤0.01% |
2,469
-129
| -5% | -$26.9K |
|
768
Enterprise Products Partners
EPD
$81.4B
| $587K | ﹤0.01% |
18,921
-18,409
| -49% | -$574K |
|
769
Corteva
CTVA
$53.7B
| $586K | ﹤0.01% |
7,866
+588
| +8% | +$39.2K |
|
770
iShares Russell 1000 Value ETF
IWD
$83.3B
| $584K | ﹤0.01% |
3,004
+910
| +43% | +$169K |
|
771
VanEck China Bond ETF
CBON
$26.4M
| $581K | ﹤0.01% |
25,951
| – | – |
|
772
Integra LifeSciences
IART
$1.37B
| $579K | ﹤0.01% |
47,198
| – | – |
|
773
Janus Henderson AAA CLO ETF
JAAA
$29.2B
| $573K | ﹤0.01% |
+11,286
| New | +$570K |
|
774
Schwab US Broad Market ETF
SCHB
$44.7B
| $571K | ﹤0.01% |
23,966
+13,707
| +134% | +$302K |
|
|
ITOS
775
DELISTED
iTeos Therapeutics
ITOS
| $556K | ﹤0.01% |
55,722
| – | – |
|
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.