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 | |
|---|---|---|---|---|---|---|
876
First Trust Value Line Dividend Fund
FVD
$8.41B
| $333K | ﹤0.01% |
7,477
-837
| -10% | -$37.2K |
|
|
ITOS
877
DELISTED
iTeos Therapeutics
ITOS
| $333K | ﹤0.01% |
55,722
+20,507
| +58% | +$151K |
|
|
GUT
878
Gabelli Utility Trust
GUT
$559M
| $332K | ﹤0.01% |
+62,227
| New | +$334K |
|
879
GE HealthCare
GEHC
$32.4B
| $331K | ﹤0.01% |
4,106
+482
| +13% | +$41.4K |
|
880
SoFi Select 500 ETF
SFY
$690M
| $331K | ﹤0.01% |
3,244
-103
| -3% | -$11.2K |
|
881
Arbor Realty Trust
ABR
$998M
| $329K | ﹤0.01% |
+27,998
| New | +$362K |
|
882
Targa Resources
TRGP
$55.1B
| $327K | ﹤0.01% |
1,631
-586
| -26% | -$116K |
|
883
Ecolab
ECL
$79.9B
| $327K | ﹤0.01% |
1,288
-131
| -9% | -$33K |
|
884
Realty Income
O
$59.1B
| $325K | ﹤0.01% |
+5,605
| New | +$310K |
|
885
HCA Healthcare
HCA
$89.5B
| $324K | ﹤0.01% |
936
+64
| +7% | +$20.6K |
|
886
iShares 3-7 Year Treasury Bond ETF
IEI
$17.8B
| $323K | ﹤0.01% |
+2,732
| New | +$318K |
|
887
Vanguard FTSE All-World ex-US ETF
VEU
$68.5B
| $317K | ﹤0.01% |
5,218
-9,256
| -64% | -$558K |
|
888
iShares Biotechnology ETF
IBB
$9.77B
| $307K | ﹤0.01% |
2,403
-141
| -6% | -$19.1K |
|
889
iShares Core Dividend Growth ETF
DGRO
$43.5B
| $307K | ﹤0.01% |
+4,973
| New | +$312K |
|
890
Tango Therapeutics
TNGX
$4.41B
| $307K | ﹤0.01% |
224,077
+69,130
| +45% | +$170K |
|
891
FedEx
FDX
$75.4B
| $305K | ﹤0.01% |
1,249
+77
| +7% | +$20K |
|
892
Teleflex
TFX
$5.98B
| $303K | ﹤0.01% |
2,189
-473
| -18% | -$76.6K |
|
|
SCHR
893
Schwab Intermediately-Term US Treasury ETF
SCHR
$13.3B
| $301K | ﹤0.01% |
+12,112
| New | +$297K |
|
894
Vanguard Consumer Staples ETF
VDC
$7.99B
| $301K | ﹤0.01% |
1,375
-330
| -19% | -$71.3K |
|
895
Keurig Dr Pepper
KDP
$40.8B
| $299K | ﹤0.01% |
+8,748
| New | +$284K |
|
896
Vanguard Morningstar Mega Cap ETF
MGC
$10.4B
| $294K | ﹤0.01% |
1,461
-323
| -18% | -$68.8K |
|
897
Sprott Physical Gold
PHYS
$15.7B
| $294K | ﹤0.01% |
+12,211
| New | +$271K |
|
898
Vanguard High Dividend Yield ETF
VYM
$82.8B
| $291K | ﹤0.01% |
2,260
-1,384
| -38% | -$181K |
|
899
AutoZone
AZO
$51.1B
| $291K | ﹤0.01% |
76
+6
| +9% | +$20.7K |
|
900
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.58B
| $291K | ﹤0.01% |
3,003
-167
| -5% | -$16K |
|
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.