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 | |
|---|---|---|---|---|---|---|
776
Fidelity National Information Services
FIS
$22.1B
| $525K | ﹤0.01% |
+7,031
| New | +$529K |
|
777
Skywest
SKYW
$4.34B
| $524K | ﹤0.01% |
6,000
-12
| -0.2% | -$1.23K |
|
778
Analog Devices
ADI
$190B
| $524K | ﹤0.01% |
2,598
+554
| +27% | +$120K |
|
779
Anika Therapeutics
ANIK
$287M
| $518K | ﹤0.01% |
34,494
| – | – |
|
780
Vanguard Consumer Discretionary ETF
VCR
$6.33B
| $518K | ﹤0.01% |
1,590
-484
| -23% | -$175K |
|
781
Zimmer Biomet
ZBH
$18.4B
| $517K | ﹤0.01% |
4,570
-678
| -13% | -$72.5K |
|
782
Fair Isaac
FICO
$22.5B
| $517K | ﹤0.01% |
280
-32
| -10% | -$59.3K |
|
783
Designer Brands
DBI
$333M
| $514K | ﹤0.01% |
140,705
+10
| +0% | +$47 |
|
784
Cintas
CTAS
$81.3B
| $509K | ﹤0.01% |
2,478
-110
| -4% | -$21.9K |
|
785
Fidelity MSCI Consumer Staples Index ETF
FSTA
$1.42B
| $509K | ﹤0.01% |
9,953
-1,744
| -15% | -$88K |
|
786
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| $506K | ﹤0.01% |
8,627
+5,177
| +150% | +$302K |
|
|
BNY
787
Bank of New York Mellon
BNY
$107B
| $506K | ﹤0.01% |
6,037
+330
| +6% | +$27.7K |
|
788
Paychex
PAYX
$42.7B
| $496K | ﹤0.01% |
3,214
-418
| -12% | -$61.5K |
|
|
AXON
789
Axon Enterprise
AXON
$46.4B
| $495K | ﹤0.01% |
940
+55
| +6% | +$32.2K |
|
790
Texas Pacific Land
TPL
$23.5B
| $494K | ﹤0.01% |
1,119
+90
| +9% | +$40.1K |
|
791
Schwab Fundamental US Large Company Index ETF
FNDX
$27.3B
| $489K | ﹤0.01% |
20,728
+7,697
| +59% | +$186K |
|
792
Enbridge
ENB
$112B
| $482K | ﹤0.01% |
10,888
+5,266
| +94% | +$229K |
|
793
Annaly Capital Management
NLY
$17.4B
| $480K | ﹤0.01% |
+23,651
| New | +$487K |
|
794
Cheniere Energy
LNG
$52.9B
| $477K | ﹤0.01% |
2,060
+732
| +55% | +$165K |
|
795
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.5B
| $475K | ﹤0.01% |
1,131
+347
| +44% | +$150K |
|
796
Zoetis
ZTS
$30.5B
| $471K | ﹤0.01% |
2,861
+12
| +0.4% | +$2K |
|
797
Royal Caribbean
RCL
$85.6B
| $466K | ﹤0.01% |
2,266
-32,649
| -94% | -$7.71M |
|
798
Vanguard Russell 1000 Growth ETF
VONG
$45B
| $458K | ﹤0.01% |
4,940
+1,589
| +47% | +$161K |
|
799
Corteva
CTVA
$51.3B
| $458K | ﹤0.01% |
7,278
+381
| +6% | +$23.6K |
|
800
iShares US Energy ETF
IYE
$1.71B
| $457K | ﹤0.01% |
+9,267
| New | +$442K |
|
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.