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 | |
|---|---|---|---|---|---|---|
901
Cencora
COR
$59.6B
| $277K | ﹤0.01% |
923
-298
| -24% | -$85.9K |
|
902
Aon
AON
$75.7B
| $276K | ﹤0.01% |
+772
| New | +$280K |
|
903
Rocket Lab Corp
RKLB
$46.5B
| $274K | ﹤0.01% |
+7,671
| New | +$188K |
|
904
W.R. Berkley
WRB
$26.5B
| $270K | ﹤0.01% |
3,668
-265
| -7% | -$19K |
|
905
JPMorgan Equity Premium Income ETF
JEPI
$45.7B
| $269K | ﹤0.01% |
4,735
-2,497
| -35% | -$138K |
|
906
Equinix
EQIX
$104B
| $269K | ﹤0.01% |
338
+20
| +6% | +$17K |
|
907
CME Group
CME
$94.4B
| $269K | ﹤0.01% |
976
+155
| +19% | +$42.2K |
|
908
Schwab U.S Small- Cap ETF
SCHA
$23.2B
| $268K | ﹤0.01% |
10,603
-3,993
| -27% | -$94.4K |
|
909
Vulcan Materials
VMC
$36.9B
| $265K | ﹤0.01% |
+1,015
| New | +$261K |
|
910
Teleflex
TFX
$6.2B
| $263K | ﹤0.01% |
2,222
+33
| +2% | +$4.16K |
|
911
Leidos
LDOS
$16.4B
| $262K | ﹤0.01% |
1,663
+31
| +2% | +$4.58K |
|
912
Genuine Parts
GPC
$18.3B
| $260K | ﹤0.01% |
2,145
+225
| +12% | +$27.1K |
|
913
Vanguard Morningstar Small-Cap Growth ETF
VBK
$24.1B
| $257K | ﹤0.01% |
+928
| New | +$239K |
|
914
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.5B
| $256K | ﹤0.01% |
+3,520
| New | +$238K |
|
915
Darden Restaurants
DRI
$23.4B
| $253K | ﹤0.01% |
+1,161
| New | +$241K |
|
916
Delta Air Lines
DAL
$61B
| $252K | ﹤0.01% |
5,128
+156
| +3% | +$7.16K |
|
917
Live Nation Entertainment
LYV
$42.8B
| $252K | ﹤0.01% |
+1,667
| New | +$229K |
|
918
Sutro Biopharma
STRO
$425M
| $252K | ﹤0.01% |
35,295
| – | – |
|
919
RPM International
RPM
$14.7B
| $246K | ﹤0.01% |
+2,240
| New | +$246K |
|
920
Realty Income
O
$58.7B
| $244K | ﹤0.01% |
4,240
-1,365
| -24% | -$77.2K |
|
921
Murphy USA
MUSA
$10.9B
| $244K | ﹤0.01% |
599
+43
| +8% | +$19.5K |
|
922
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.19B
| $244K | ﹤0.01% |
+23,495
| New | +$244K |
|
923
Pacer Trendpilot US Large Cap ETF
PTLC
$3.37B
| $243K | ﹤0.01% |
+4,788
| New | +$234K |
|
924
iShares MSCI South Korea ETF
EWY
$24.8B
| $243K | ﹤0.01% |
+3,383
| New | +$203K |
|
925
BlackRock US Equity Factor Rotation ETF
DYNF
$39.8B
| $242K | ﹤0.01% |
4,439
-297
| -6% | -$14.9K |
|
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.