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 | |
|---|---|---|---|---|---|---|
1076
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.8B
| – | – |
-2,861
| Closed | -$328K |
|
1077
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
| – | – |
-9,190
| Closed | -$445K |
|
1078
Invesco Senior Income Trust
VVR
$457M
| – | – |
-40,500
| Closed | -$160K |
|
1079
State Street SPDR S&P Retail ETF
XRT
$326M
| – | – |
-2,590
| Closed | -$206K |
|
1080
iShares Future Exponential Technologies ETF
XT
$3.96B
| – | – |
-3,755
| Closed | -$224K |
|
1081
Zions Bancorporation
ZION
$10.3B
| – | – |
-7,176
| Closed | -$389K |
|
1082
Reddit
RDDT
$30.8B
| – | – |
-1,230
| Closed | -$201K |
|
1083
Innovator Equity Defined Protection ETF - 2 Yr to April 2028
AAPR
$72.8M
| – | – |
-12,227
| Closed | -$322K |
|
|
ALTM
1084
DELISTED
Arcadium Lithium plc
ALTM
| – | – |
-16,382
| Closed | -$84K |
|
|
CDMO
1085
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| – | – |
-32,864
| Closed | -$406K |
|
|
SWI
1086
DELISTED
SolarWinds Corporation Common Stock
SWI
| – | – |
-974,481
| Closed | -$13.9M |
|
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.