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 | |
|---|---|---|---|---|---|---|
126
Infosys
INFY
$50.1B
| $213M | 0.09% |
11,687,836
-2,829,523
| -19% | -$58.7M |
|
127
iShares US Financials ETF
IYF
$4.61B
| $206M | 0.09% |
1,829,686
-73,827
| -4% | -$8.46M |
|
128
Rockwell Automation
ROK
$49.2B
| $191M | 0.08% |
739,789
+49,860
| +7% | +$13.9M |
|
129
T. Rowe Price
TROW
$24.2B
| $180M | 0.08% |
1,964,588
+94,142
| +5% | +$9.95M |
|
130
Trip.com Group
TCOM
$29.1B
| $176M | 0.08% |
2,766,161
-229,434
| -8% | -$15M |
|
131
Banco Bradesco
BBD
$37.1B
| $166M | 0.07% |
74,416,420
-1,467,673
| -2% | -$3.04M |
|
132
Vale
VALE
$62.6B
| $164M | 0.07% |
16,471,059
-714,084
| -4% | -$6.75M |
|
133
Invesco KBW Bank ETF
KBWB
$6.86B
| $164M | 0.07% |
2,611,640
-180,859
| -6% | -$12.2M |
|
134
EOG Resources
EOG
$71.4B
| $163M | 0.07% |
1,271,806
+51,231
| +4% | +$6.59M |
|
135
JD.com
JD
$44.3B
| $161M | 0.07% |
3,917,566
-146,231
| -4% | -$5.87M |
|
136
Mercado Libre
MELI
$92.8B
| $161M | 0.07% |
82,404
-84,064
| -50% | -$167M |
|
137
iShare MSCI Eurozone ETF
EZU
$9.84B
| $148M | 0.06% |
2,776,016
+23,339
| +0.8% | +$1.21M |
|
138
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.13B
| $146M | 0.06% |
3,236,702
-162,917
| -5% | -$7.43M |
|
|
139
Advanced Micro Devices
AMD
$798B
| $139M | 0.06% |
1,350,909
-22,735,111
| -94% | -$2.53B |
|
140
Amgen
AMGN
$219B
| $136M | 0.06% |
437,824
+43,335
| +11% | +$12.8M |
|
|
SF
141
Stifel
SF
$12.6B
| $131M | 0.06% |
2,085,810
-225,066
| -10% | -$15.9M |
|
142
KB Home
KBH
$3.49B
| $131M | 0.06% |
2,253,298
-28,017
| -1% | -$1.78M |
|
143
Autodesk
ADSK
$51.2B
| $129M | 0.06% |
494,388
-28,409
| -5% | -$8.08M |
|
144
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.31B
| $126M | 0.05% |
3,499,253
-254,676
| -7% | -$9.29M |
|
145
NetEase
NTES
$83.5B
| $121M | 0.05% |
1,175,122
+28,088
| +2% | +$2.82M |
|
146
A.O. Smith
AOS
$8.56B
| $119M | 0.05% |
1,826,144
-389,807
| -18% | -$26.3M |
|
147
IDEX
IEX
$17.2B
| $119M | 0.05% |
659,324
-4,578
| -0.7% | -$911K |
|
148
VanEck Pharmaceutical ETF
PPH
$934M
| $117M | 0.05% |
+1,278,700
| New | +$115M |
|
149
HEICO Corp
HEI
$50.8B
| $116M | 0.05% |
433,590
+18,048
| +4% | +$4.39M |
|
150
iShares MSCI Japan ETF
EWJ
$22.5B
| $114M | 0.05% |
1,666,930
+844,481
| +103% | +$58.1M |
|
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.