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 | |
|---|---|---|---|---|---|---|
76
HSBC
HSBC
$352B
| $897M | 0.39% |
+15,612,574
| New | +$854M |
|
77
Boeing
BA
$185B
| $875M | 0.38% |
5,130,777
+99,878
| +2% | +$17.3M |
|
78
Illinois Tool Works
ITW
$85B
| $872M | 0.38% |
3,514,619
+71,368
| +2% | +$18.3M |
|
79
Banco Santander
SAN
$210B
| $860M | 0.37% |
128,343,210
-9,928,077
| -7% | -$58.1M |
|
|
NVO
80
Novo Nordisk
NVO
$202B
| $824M | 0.36% |
11,871,236
-769,253
| -6% | -$63.5M |
|
81
Vanguard S&P 500 ETF
VOO
$1.01T
| $787M | 0.34% |
1,531,127
-212,076
| -12% | -$115M |
|
82
Novartis
NVS
$293B
| $754M | 0.33% |
6,763,132
+4,760,173
| +238% | +$507M |
|
83
Sanofi
SNY
$104B
| $752M | 0.33% |
13,566,329
+1,055,302
| +8% | +$57.1M |
|
84
CSX Corp
CSX
$94.1B
| $738M | 0.32% |
25,083,897
+127,430
| +0.5% | +$4.05M |
|
85
Edwards Lifesciences
EW
$51.3B
| $732M | 0.32% |
10,100,466
+325,190
| +3% | +$23.3M |
|
86
Invesco QQQ Trust
QQQ
$479B
| $711M | 0.31% |
1,517,104
-218,562
| -13% | -$111M |
|
87
Boston Scientific
BSX
$71.9B
| $683M | 0.3% |
6,765,550
+964,638
| +17% | +$97.1M |
|
88
Trane Technologies
TT
$106B
| $675M | 0.29% |
2,003,555
-18,596
| -0.9% | -$6.72M |
|
89
iShares Global Healthcare ETF
IXJ
$4.12B
| $665M | 0.29% |
7,293,858
+1,911,379
| +36% | +$174M |
|
90
iShares National Muni Bond ETF
MUB
$45.3B
| $658M | 0.28% |
6,235,796
+490,142
| +9% | +$52.1M |
|
91
Alibaba
BABA
$303B
| $645M | 0.28% |
4,876,558
-217,270
| -4% | -$25.1M |
|
92
AB InBev
BUD
$166B
| $628M | 0.27% |
10,209,312
+124,514
| +1% | +$6.81M |
|
93
Banco Bilbao Vizcaya Argentaria
BBVA
$156B
| $594M | 0.26% |
43,601,727
-5,197,953
| -11% | -$64.6M |
|
94
Ingersoll Rand
IR
$34.5B
| $550M | 0.24% |
6,874,925
+49,407
| +0.7% | +$4.3M |
|
95
Crown Castle
CCI
$33.1B
| $548M | 0.24% |
5,259,184
+40,753
| +0.8% | +$3.81M |
|
96
PACCAR
PCAR
$69.8B
| $506M | 0.22% |
5,195,521
+2,304
| +0% | +$243K |
|
97
Lloyds Banking Group
LYG
$90.3B
| $505M | 0.22% |
+132,122,777
| New | +$437M |
|
98
Coca-Cola
KO
$373B
| $463M | 0.2% |
6,459,178
-160,402
| -2% | -$10.7M |
|
99
iShares Global Energy ETF
IXC
$2.78B
| $459M | 0.2% |
10,909,356
+778,103
| +8% | +$31.2M |
|
100
Deutsche Bank
DB
$70.9B
| $450M | 0.19% |
+18,865,651
| New | +$396M |
|
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.