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 | |
|---|---|---|---|---|---|---|
801
Vanguard Morningstar Small-Cap ETF
VB
$82.4B
| $457K | ﹤0.01% |
2,059
-842
| -29% | -$201K |
|
802
Corning
GLW
$143B
| $455K | ﹤0.01% |
9,929
+587
| +6% | +$29K |
|
803
Albertsons Companies
ACI
$5.83B
| $453K | ﹤0.01% |
+20,591
| New | +$425K |
|
804
iShares MSCI France ETF
EWQ
$345M
| $452K | ﹤0.01% |
11,361
-1,157
| -9% | -$45.5K |
|
|
NSA
805
DELISTED
National Storage Affiliates Trust
NSA
| $452K | ﹤0.01% |
11,465
+1,336
| +13% | +$50.3K |
|
806
Prudential Financial
PRU
$41.8B
| $452K | ﹤0.01% |
4,044
+425
| +12% | +$48.4K |
|
807
iShares MSCI USA Momentum Factor ETF
MTUM
$26.2B
| $452K | ﹤0.01% |
2,234
+785
| +54% | +$168K |
|
808
Dimensional US Core Equity Market ETF
DFAU
$12.8B
| $451K | ﹤0.01% |
11,722
+5,589
| +91% | +$227K |
|
809
Williams Companies
WMB
$86.1B
| $449K | ﹤0.01% |
7,520
+2,989
| +66% | +$171K |
|
810
Broadridge
BR
$19B
| $448K | ﹤0.01% |
+1,848
| New | +$435K |
|
811
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$36.8B
| $448K | ﹤0.01% |
8,775
-12,784
| -59% | -$663K |
|
812
Pacer US Cash Cows 100 ETF
COWZ
$19.4B
| $445K | ﹤0.01% |
8,132
+4,182
| +106% | +$238K |
|
813
Constellation Energy
CEG
$96.4B
| $445K | ﹤0.01% |
2,204
-423
| -16% | -$113K |
|
814
Camden Property Trust
CPT
$11.1B
| $444K | ﹤0.01% |
3,633
-664
| -15% | -$78.1K |
|
815
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$54.5B
| $441K | ﹤0.01% |
5,492
-13,686
| -71% | -$1.19M |
|
816
Invesco S&P 500 Equal Weight Technology ETF
RSPT
$5.87B
| $440K | ﹤0.01% |
12,856
+77
| +0.6% | +$2.88K |
|
|
XYZ
817
Block Inc
XYZ
$47.5B
| $435K | ﹤0.01% |
8,009
+33
| +0.4% | +$2.46K |
|
|
BFZ
818
DELISTED
BlackRock CA Municipal Income Trust
BFZ
| $435K | ﹤0.01% |
+39,619
| New | +$445K |
|
|
DFS
819
DELISTED
Discover Financial Services
DFS
| $432K | ﹤0.01% |
2,533
+311
| +14% | +$56.9K |
|
820
T-Mobile US
TMUS
$190B
| $427K | ﹤0.01% |
1,602
+72
| +5% | +$17.7K |
|
821
Labcorp
LH
$25.9B
| $426K | ﹤0.01% |
1,828
-205
| -10% | -$49.7K |
|
|
HES
822
DELISTED
Hess
HES
| $421K | ﹤0.01% |
2,638
-980
| -27% | -$144K |
|
823
Fortinet
FTNT
$117B
| $419K | ﹤0.01% |
4,348
+1,045
| +32% | +$106K |
|
|
PR
824
Permian Resources
PR
$16.9B
| $417K | ﹤0.01% |
30,141
-6,810
| -18% | -$97.5K |
|
|
HOLX
825
DELISTED
Hologic
HOLX
| $417K | ﹤0.01% |
6,753
-1,591
| -19% | -$105K |
|
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.