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 | |
|---|---|---|---|---|---|---|
851
State Street Utilities Select Sector SPDR ETF
XLU
$22.8B
| $355K | ﹤0.01% |
+8,706
| New | +$347K |
|
852
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $354K | ﹤0.01% |
6,710
-14,188
| -68% | -$741K |
|
|
STR
853
DELISTED
Sitio Royalties
STR
| $354K | ﹤0.01% |
19,256
-26,540
| -58% | -$476K |
|
854
Southwest Airlines
LUV
$23.8B
| $354K | ﹤0.01% |
+10,897
| New | +$328K |
|
855
Fortinet
FTNT
$123B
| $351K | ﹤0.01% |
3,315
-1,033
| -24% | -$104K |
|
856
iShares Russell 2000 Value ETF
IWN
$14.7B
| $350K | ﹤0.01% |
2,218
+741
| +50% | +$110K |
|
857
HCA Healthcare
HCA
$86.8B
| $347K | ﹤0.01% |
906
-30
| -3% | -$10.8K |
|
858
Prudential Financial
PRU
$42.9B
| $343K | ﹤0.01% |
3,195
-849
| -21% | -$88K |
|
859
Vanguard Morningstar Mid-Cap Value ETF
VOE
$24B
| $343K | ﹤0.01% |
+2,087
| New | +$330K |
|
860
Carnival Corporation Ltd
CCL
$40.5B
| $342K | ﹤0.01% |
+12,177
| New | +$261K |
|
861
Schwab International Equity ETF
SCHF
$68.1B
| $341K | ﹤0.01% |
15,446
-12,641
| -45% | -$263K |
|
862
GE HealthCare
GEHC
$31.7B
| $337K | ﹤0.01% |
4,550
+444
| +11% | +$30.9K |
|
863
American International
AIG
$42.1B
| $332K | ﹤0.01% |
3,879
-327
| -8% | -$27.2K |
|
864
Ecolab
ECL
$79.7B
| $329K | ﹤0.01% |
1,222
-66
| -5% | -$16.8K |
|
865
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
| $325K | ﹤0.01% |
1,788
-1,985
| -53% | -$343K |
|
|
WCN
866
Waste Connections
WCN
$41.7B
| $324K | ﹤0.01% |
1,736
+710
| +69% | +$137K |
|
|
PR
867
Permian Resources
PR
$17.2B
| $322K | ﹤0.01% |
23,670
-6,471
| -21% | -$83.2K |
|
868
Schwab Fundamental US Large Company Index ETF
FNDX
$27.3B
| $322K | ﹤0.01% |
13,126
-7,602
| -37% | -$177K |
|
869
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17.6B
| $321K | ﹤0.01% |
+7,510
| New | +$303K |
|
870
Williams Companies
WMB
$87.5B
| $320K | ﹤0.01% |
5,092
-2,428
| -32% | -$143K |
|
871
Intercontinental Exchange
ICE
$83.8B
| $319K | ﹤0.01% |
1,738
+389
| +29% | +$66.8K |
|
872
Ziff Davis
ZD
$2.04B
| $319K | ﹤0.01% |
10,531
-89,324
| -89% | -$2.87M |
|
873
Diageo
DEO
$48.8B
| $316K | ﹤0.01% |
3,131
-10,430
| -77% | -$1.13M |
|
874
iShares California Muni Bond ETF
CMF
$4.6B
| $313K | ﹤0.01% |
5,616
-1,388
| -20% | -$77.1K |
|
875
Vanguard Russell 1000 Value ETF
VONV
$21.1B
| $312K | ﹤0.01% |
+3,662
| New | +$298K |
|
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.