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 | |
|---|---|---|---|---|---|---|
101
Vanguard FTSE Developed Markets ETF
VEA
$234B
| $417M | 0.18% |
8,211,992
+3,129,936
| +62% | +$158M |
|
102
Emerson Electric
EMR
$87.5B
| $398M | 0.17% |
3,631,848
+1,595,914
| +78% | +$192M |
|
103
NatWest
NWG
$75.8B
| $395M | 0.17% |
+33,175,542
| New | +$372M |
|
104
American Tower
AMT
$79.8B
| $379M | 0.16% |
1,743,656
+659
| +0% | +$129K |
|
105
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.6B
| $362M | 0.16% |
6,101,947
-370,029
| -6% | -$21.6M |
|
106
State Street Industrial Select Sector SPDR ETF
XLI
$33.6B
| $362M | 0.16% |
2,764,195
+869,333
| +46% | +$117M |
|
107
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.9B
| $355M | 0.15% |
3,264,251
-239,981
| -7% | -$25.9M |
|
108
Vanguard FTSE Europe ETF
VGK
$31.1B
| $344M | 0.15% |
4,898,727
+2,043,798
| +72% | +$141M |
|
109
iShares Global Industrials ETF
EXI
$1.46B
| $317M | 0.14% |
2,182,288
+391,895
| +22% | +$57.6M |
|
110
Itaú Unibanco
ITUB
$90.2B
| $306M | 0.13% |
57,338,941
-17,149
| -0% | -$86.3K |
|
111
Lennox International
LII
$15.1B
| $302M | 0.13% |
538,262
+786
| +0.1% | +$476K |
|
112
Parker-Hannifin
PH
$135B
| $287M | 0.12% |
472,812
+27,179
| +6% | +$17.8M |
|
|
113
Alphabet (Google) Class C
GOOG
$4.36T
| $287M | 0.12% |
1,837,060
-671,485
| -27% | -$123M |
|
114
Dover
DOV
$28.4B
| $277M | 0.12% |
1,578,407
-31,802
| -2% | -$6.11M |
|
115
Honda
HMC
$39.9B
| $275M | 0.12% |
10,127,826
-11,090
| -0.1% | -$316K |
|
116
Southern Copper
SCCO
$161B
| $244M | 0.11% |
2,732,486
-374,475
| -12% | -$33.6M |
|
117
US Bancorp
USB
$99.4B
| $233M | 0.1% |
5,517,287
+631,471
| +13% | +$29.1M |
|
118
Norfolk Southern
NSC
$76.9B
| $233M | 0.1% |
982,483
+8,219
| +0.8% | +$2M |
|
119
iShares Global Tech ETF
IXN
$8.74B
| $223M | 0.1% |
2,950,261
-1,844,889
| -38% | -$153M |
|
120
Qualcomm
QCOM
$168B
| $223M | 0.1% |
1,452,929
-198,564
| -12% | -$32.4M |
|
121
iShares US Pharmaceuticals ETF
IHE
$1.64B
| $222M | 0.1% |
3,142,949
-83,745
| -3% | -$5.82M |
|
122
iShares Global Consumer Staples ETF
KXI
$1.07B
| $220M | 0.1% |
3,427,589
+610,852
| +22% | +$37.9M |
|
123
Suncor Energy
SU
$72.4B
| $217M | 0.09% |
5,594,862
+1,860,290
| +50% | +$71M |
|
124
HDFC Bank
HDB
$122B
| $215M | 0.09% |
6,485,584
-1,336,926
| -17% | -$40.8M |
|
125
Petrobras
PBR
$119B
| $215M | 0.09% |
14,969,355
-918,629
| -6% | -$12.7M |
|
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.