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 | |
|---|---|---|---|---|---|---|
101
iShares Global Energy ETF
IXC
$2.83B
| $492M | 0.2% |
12,533,974
+1,624,618
| +15% | +$62.3M |
|
102
PACCAR
PCAR
$69.9B
| $490M | 0.19% |
5,150,230
-45,291
| -0.9% | -$4.18M |
|
103
Coca-Cola
KO
$373B
| $453M | 0.18% |
6,406,669
-52,509
| -0.8% | -$3.74M |
|
|
104
Canadian Pacific Kansas City
CP
$78.5B
| $431M | 0.17% |
5,431,316
+4,005,942
| +281% | +$308M |
|
105
State Street Industrial Select Sector SPDR ETF
XLI
$33.1B
| $430M | 0.17% |
2,918,202
+154,007
| +6% | +$21M |
|
106
Itaú Unibanco
ITUB
$93B
| $418M | 0.17% |
63,342,086
+6,003,145
| +10% | +$36.6M |
|
107
American Tower
AMT
$80.8B
| $402M | 0.16% |
1,820,270
+76,614
| +4% | +$16.5M |
|
108
Vanguard FTSE Europe ETF
VGK
$30.7B
| $394M | 0.16% |
5,084,722
+185,995
| +4% | +$13.7M |
|
109
HDFC Bank
HDB
$123B
| $348M | 0.14% |
9,073,648
+2,588,064
| +40% | +$93.8M |
|
110
Parker-Hannifin
PH
$124B
| $347M | 0.14% |
497,027
+24,215
| +5% | +$15.3M |
|
111
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.8B
| $336M | 0.13% |
3,062,270
-201,981
| -6% | -$21.7M |
|
112
Lennox International
LII
$14.7B
| $335M | 0.13% |
584,997
+46,735
| +9% | +$26.1M |
|
113
Suncor Energy
SU
$78.3B
| $314M | 0.12% |
8,372,012
+2,777,150
| +50% | +$100M |
|
114
Alphabet (Google) Class C
GOOG
$4.59T
| $311M | 0.12% |
1,750,771
-86,289
| -5% | -$14.3M |
|
115
iShares Global Industrials ETF
EXI
$1.44B
| $306M | 0.12% |
1,851,209
-331,079
| -15% | -$50.7M |
|
116
Honda
HMC
$38.5B
| $299M | 0.12% |
10,367,489
+239,663
| +2% | +$6.99M |
|
117
iShares Global Consumer Staples ETF
KXI
$1.06B
| $295M | 0.12% |
4,505,566
+1,077,977
| +31% | +$70.6M |
|
118
Dover
DOV
$27.6B
| $287M | 0.11% |
1,565,545
-12,862
| -0.8% | -$2.24M |
|
119
iShares Global Tech ETF
IXN
$8.4B
| $273M | 0.11% |
2,959,499
+9,238
| +0.3% | +$749K |
|
120
Banco Bradesco
BBD
$38.9B
| $272M | 0.11% |
88,098,675
+13,682,255
| +18% | +$36M |
|
121
Norfolk Southern
NSC
$75.1B
| $270M | 0.11% |
1,054,580
+72,097
| +7% | +$17M |
|
122
Rockwell Automation
ROK
$53.7B
| $263M | 0.1% |
792,503
+52,714
| +7% | +$15M |
|
123
Southern Copper
SCCO
$145B
| $259M | 0.1% |
2,655,921
-76,565
| -3% | -$6.74M |
|
124
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.5B
| $247M | 0.1% |
4,128,831
-1,973,116
| -32% | -$117M |
|
125
US Bancorp
USB
$98.6B
| $238M | 0.09% |
5,265,852
-251,435
| -5% | -$10.6M |
|
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.