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 | |
|---|---|---|---|---|---|---|
926
Chipotle Mexican Grill
CMG
$41.5B
| $260K | ﹤0.01% |
5,176
-71,246
| -93% | -$3.87M |
|
927
Equinix
EQIX
$103B
| $259K | ﹤0.01% |
318
+20
| +7% | +$18K |
|
928
Vanguard S&P 500 Growth ETF
VOOG
$27.2B
| $259K | ﹤0.01% |
+4,644
| New | +$281K |
|
929
iShares US Treasury Bond ETF
GOVT
$43.6B
| $259K | ﹤0.01% |
11,249
-7,020
| -38% | -$159K |
|
930
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.51B
| $258K | ﹤0.01% |
+3,312
| New | +$247K |
|
931
State Street SPDR S&P Bank ETF
KBE
$1.66B
| $255K | ﹤0.01% |
4,816
+96
| +2% | +$5.38K |
|
932
Ares Capital
ARCC
$14.4B
| $252K | ﹤0.01% |
+11,374
| New | +$258K |
|
933
Consolidated Edison
ED
$39.8B
| $249K | ﹤0.01% |
+2,255
| New | +$221K |
|
934
Elevance Health
ELV
$85.5B
| $249K | ﹤0.01% |
571
-150
| -21% | -$60.2K |
|
935
Dow Inc
DOW
$21.2B
| $248K | ﹤0.01% |
7,114
-1,213
| -15% | -$46.6K |
|
936
lululemon athletica
LULU
$14.6B
| $248K | ﹤0.01% |
877
-10,985
| -93% | -$4.03M |
|
937
NVR
NVR
$17B
| $247K | ﹤0.01% |
34
+3
| +10% | +$22.8K |
|
938
Alkami Technology
ALKT
$2.11B
| $245K | ﹤0.01% |
+9,349
| New | +$294K |
|
939
Sysco
SYY
$40.3B
| $242K | ﹤0.01% |
3,229
-11,021
| -77% | -$808K |
|
940
Steris
STE
$23.1B
| $240K | ﹤0.01% |
1,059
+50
| +5% | +$11K |
|
941
DuPont de Nemours
DD
$19.2B
| $239K | ﹤0.01% |
2,548
-57
| -2% | -$5.56K |
|
942
EQT Corp
EQT
$32.3B
| $235K | ﹤0.01% |
4,399
-633
| -13% | -$32.3K |
|
|
MRP
943
Millrose Properties Inc
MRP
$4.81B
| $233K | ﹤0.01% |
+8,791
| New | +$206K |
|
944
Intercontinental Exchange
ICE
$84.4B
| $233K | ﹤0.01% |
1,349
-47
| -3% | -$7.7K |
|
945
BlackRock US Equity Factor Rotation ETF
DYNF
$40B
| $231K | ﹤0.01% |
+4,736
| New | +$243K |
|
946
Sutro Biopharma
STRO
$421M
| $230K | ﹤0.01% |
35,295
+8,161
| +30% | +$129K |
|
947
Genuine Parts
GPC
$18.7B
| $229K | ﹤0.01% |
1,920
+5
| +0.3% | +$602 |
|
948
NXP Semiconductors
NXPI
$60.4B
| $229K | ﹤0.01% |
1,203
-388
| -24% | -$82.8K |
|
949
iShares US Healthcare ETF
IYH
$3.54B
| $229K | ﹤0.01% |
+3,753
| New | +$229K |
|
950
Fidelity Enhanced Large Cap Core ETF
FELC
$8.28B
| $226K | ﹤0.01% |
7,251
+514
| +8% | +$16.9K |
|
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.