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 | |
|---|---|---|---|---|---|---|
901
Entergy
ETR
$50B
| $289K | ﹤0.01% |
3,376
-3,209
| -49% | -$264K |
|
902
American Water Works
AWK
$26.9B
| $289K | ﹤0.01% |
+1,956
| New | +$258K |
|
903
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.71B
| $288K | ﹤0.01% |
+7,933
| New | +$289K |
|
904
Trade Desk
TTD
$6.49B
| $288K | ﹤0.01% |
5,256
+2,773
| +112% | +$251K |
|
905
Super Micro Computer
SMCI
$20.1B
| $285K | ﹤0.01% |
8,314
+1,455
| +21% | +$55.2K |
|
906
W.P. Carey
WPC
$16.4B
| $284K | ﹤0.01% |
4,497
+459
| +11% | +$27.2K |
|
907
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.42B
| $284K | ﹤0.01% |
+2,277
| New | +$305K |
|
908
Schwab 5-10 Year Corporate Bond ETF
SCHI
$11.5B
| $283K | ﹤0.01% |
+12,595
| New | +$280K |
|
909
Schwab Fundamental US Small Company Index ETF
FNDA
$9.38B
| $282K | ﹤0.01% |
+10,308
| New | +$302K |
|
910
Vanguard Morningstar Large-Cap ETF
VV
$54.3B
| $281K | ﹤0.01% |
1,093
+55
| +5% | +$14.9K |
|
911
W.R. Berkley
WRB
$26.6B
| $280K | ﹤0.01% |
3,933
+266
| +7% | +$16.3K |
|
912
W.W. Grainger
GWW
$60.2B
| $278K | ﹤0.01% |
280
+53
| +23% | +$54.8K |
|
913
Microchip Technology
MCHP
$46B
| $277K | ﹤0.01% |
5,715
+2,220
| +64% | +$124K |
|
914
VanEck Bitcoin Trust
HODL
$1.08B
| $276K | ﹤0.01% |
+11,840
| New | +$312K |
|
915
Becton Dickinson
BDX
$48.7B
| $273K | ﹤0.01% |
1,191
+302
| +34% | +$70.1K |
|
916
iShares US Technology ETF
IYW
$25.2B
| $271K | ﹤0.01% |
1,926
-843
| -30% | -$131K |
|
917
Idexx Laboratories
IDXX
$46.2B
| $270K | ﹤0.01% |
643
-54
| -8% | -$23.4K |
|
918
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.59B
| $267K | ﹤0.01% |
6,383
-796
| -11% | -$33.2K |
|
|
FISV
919
Fiserv Inc
FISV
$27.9B
| $266K | ﹤0.01% |
1,204
-497
| -29% | -$109K |
|
920
Quanta Services
PWR
$101B
| $265K | ﹤0.01% |
1,043
+54
| +5% | +$15.6K |
|
921
Apollo Global Management
APO
$73.4B
| $265K | ﹤0.01% |
1,934
+45
| +2% | +$6.92K |
|
922
Parsons
PSN
$5.08B
| $263K | ﹤0.01% |
4,445
+186
| +4% | +$13.5K |
|
923
Murphy USA
MUSA
$9.61B
| $262K | ﹤0.01% |
556
+22
| +4% | +$10.4K |
|
924
iShares US Financial Services ETF
IYG
$2.2B
| $261K | ﹤0.01% |
3,328
-893
| -21% | -$71.9K |
|
925
iShares Core Universal USD Bond ETF
IUSB
$43.1B
| $260K | ﹤0.01% |
5,650
-7,492
| -57% | -$341K |
|
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.