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 | |
|---|---|---|---|---|---|---|
801
Cheniere Energy
LNG
$53.6B
| $453K | ﹤0.01% |
1,860
-200
| -10% | -$46.3K |
|
802
iShares US Treasury Bond ETF
GOVT
$43.6B
| $451K | ﹤0.01% |
19,637
+8,388
| +75% | +$191K |
|
|
ERNZ
803
DELISTED
Elevation Series Trust TrueShares Active Yield ETF
ERNZ
| $449K | ﹤0.01% |
+19,743
| New | +$439K |
|
804
Vanguard Total International Bond ETF
BNDX
$82.3B
| $448K | ﹤0.01% |
9,055
+2,206
| +32% | +$109K |
|
805
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.9B
| $446K | ﹤0.01% |
4,864
-1,424
| -23% | -$130K |
|
806
Invesco S&P International Developed Quality ETF
IDHQ
$959M
| $442K | ﹤0.01% |
+13,414
| New | +$421K |
|
|
HOLX
807
DELISTED
Hologic
HOLX
| $440K | ﹤0.01% |
6,758
+5
| +0.1% | +$300 |
|
808
Parsons
PSN
$5B
| $436K | ﹤0.01% |
6,080
+1,635
| +37% | +$108K |
|
809
Labcorp
LH
$25.4B
| $436K | ﹤0.01% |
1,660
-168
| -9% | -$40.9K |
|
810
Air Products & Chemicals
APD
$65.9B
| $435K | ﹤0.01% |
1,541
+208
| +16% | +$56.9K |
|
811
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$17.2B
| $434K | ﹤0.01% |
5,179
+155
| +3% | +$12.3K |
|
812
Vanguard Morningstar Small-Cap ETF
VB
$81.9B
| $430K | ﹤0.01% |
1,814
-245
| -12% | -$54.7K |
|
813
Fidelity MSCI Consumer Staples Index ETF
FSTA
$1.42B
| $428K | ﹤0.01% |
8,375
-1,578
| -16% | -$80.8K |
|
814
Vanguard FTSE Emerging Markets ETF
VWO
$123B
| $422K | ﹤0.01% |
8,530
-11,240
| -57% | -$521K |
|
815
W.W. Grainger
GWW
$61.2B
| $419K | ﹤0.01% |
402
+122
| +44% | +$127K |
|
816
Teekay
TK
$955M
| $417K | ﹤0.01% |
+50,600
| New | +$392K |
|
817
Amphenol
APH
$215B
| $413K | ﹤0.01% |
+4,177
| New | +$342K |
|
818
Wabtec
WAB
$50.2B
| $411K | ﹤0.01% |
1,960
-89
| -4% | -$17.1K |
|
819
Zimmer Biomet
ZBH
$19B
| $410K | ﹤0.01% |
4,490
-80
| -2% | -$7.74K |
|
|
XYZ
820
Block Inc
XYZ
$50.4B
| $409K | ﹤0.01% |
6,018
-1,991
| -25% | -$116K |
|
821
Paychex
PAYX
$41.6B
| $406K | ﹤0.01% |
2,794
-420
| -13% | -$63.2K |
|
822
Zoetis
ZTS
$31B
| $406K | ﹤0.01% |
2,600
-261
| -9% | -$41.4K |
|
823
Ares Capital
ARCC
$13.8B
| $404K | ﹤0.01% |
18,411
+7,037
| +62% | +$150K |
|
824
TransDigm Group
TDG
$69.5B
| $404K | ﹤0.01% |
265
-12
| -4% | -$16.9K |
|
825
T-Mobile US
TMUS
$185B
| $401K | ﹤0.01% |
1,682
+80
| +5% | +$19.5K |
|
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.