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 | |
|---|---|---|---|---|---|---|
126
iShares US Financials ETF
IYF
$4.58B
| $222M | 0.09% |
1,833,966
+4,280
| +0.2% | +$482K |
|
127
Invesco KBW Bank ETF
KBWB
$6.83B
| $214M | 0.09% |
2,991,470
+379,830
| +15% | +$24.1M |
|
128
Vale
VALE
$62B
| $211M | 0.08% |
21,705,260
+5,234,201
| +32% | +$49.3M |
|
129
Qualcomm
QCOM
$159B
| $203M | 0.08% |
1,272,761
-180,168
| -12% | -$26.5M |
|
130
Mercado Libre
MELI
$96.3B
| $202M | 0.08% |
77,322
-5,082
| -6% | -$11.9M |
|
131
iShares MSCI Japan ETF
EWJ
$22B
| $201M | 0.08% |
2,677,275
+1,010,345
| +61% | +$71.9M |
|
132
iShares US Pharmaceuticals ETF
IHE
$1.61B
| $195M | 0.08% |
2,976,691
-166,258
| -5% | -$10.8M |
|
133
Canadian National Railway
CNI
$76.1B
| $190M | 0.08% |
+1,823,800
| New | +$186M |
|
134
Petrobras
PBR
$123B
| $182M | 0.07% |
14,587,174
-382,181
| -3% | -$4.58M |
|
135
Infosys
INFY
$49.6B
| $167M | 0.07% |
8,988,765
-2,699,071
| -23% | -$48.2M |
|
136
iShare MSCI Eurozone ETF
EZU
$9.73B
| $163M | 0.06% |
2,742,210
-33,806
| -1% | -$1.91M |
|
137
T. Rowe Price
TROW
$24.2B
| $161M | 0.06% |
1,670,538
-294,050
| -15% | -$27M |
|
138
EOG Resources
EOG
$77.6B
| $157M | 0.06% |
1,310,006
+38,200
| +3% | +$4.37M |
|
139
Trip.com Group
TCOM
$29.8B
| $148M | 0.06% |
2,530,563
-235,598
| -9% | -$14.2M |
|
140
NetEase
NTES
$84.2B
| $146M | 0.06% |
1,082,191
-92,931
| -8% | -$10.7M |
|
141
Nu Holdings
NU
$69.8B
| $142M | 0.06% |
10,383,266
+3,076,400
| +42% | +$36.8M |
|
142
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.12B
| $139M | 0.06% |
3,106,329
-130,373
| -4% | -$5.79M |
|
143
Booking.com
BKNG
$149B
| $137M | 0.05% |
591,175
+164,475
| +39% | +$33.7M |
|
|
SF
144
Stifel
SF
$12.7B
| $132M | 0.05% |
1,904,775
-181,035
| -9% | -$11.1M |
|
145
Urban Outfitters
URBN
$6.65B
| $130M | 0.05% |
1,797,085
-158,026
| -8% | -$9.49M |
|
146
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.2B
| $125M | 0.05% |
3,332,961
-166,292
| -5% | -$5.97M |
|
147
Autodesk
ADSK
$49.6B
| $124M | 0.05% |
401,745
-92,643
| -19% | -$26.3M |
|
148
IDEX
IEX
$17.2B
| $124M | 0.05% |
707,223
+47,899
| +7% | +$8.49M |
|
149
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.36B
| $116M | 0.05% |
684,053
-26,147
| -4% | -$3.86M |
|
150
Amgen
AMGN
$204B
| $114M | 0.05% |
409,821
-28,003
| -6% | -$7.93M |
|
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.