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 | |
|---|---|---|---|---|---|---|
151
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $112M | 0.05% |
1,372,217
-134,590
| -9% | -$10.7M |
|
152
Lowe's Companies
LOW
$122B
| $107M | 0.05% |
458,287
-22,137
| -5% | -$5.45M |
|
153
iShares Core US Aggregate Bond ETF
AGG
$137B
| $104M | 0.04% |
1,046,888
+27,386
| +3% | +$2.68M |
|
154
Urban Outfitters
URBN
$6.66B
| $102M | 0.04% |
1,955,111
-233,695
| -11% | -$12.8M |
|
155
Linde
LIN
$227B
| $102M | 0.04% |
219,966
+218,314
| +13,215% | +$98.3M |
|
156
Canadian Pacific Kansas City
CP
$79.3B
| $100M | 0.04% |
1,425,374
+56,705
| +4% | +$4.31M |
|
157
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.36B
| $99.5M | 0.04% |
710,200
-35,756
| -5% | -$5.32M |
|
158
Northrop Grumman
NOC
$80.4B
| $98.4M | 0.04% |
192,197
-11,614
| -6% | -$5.54M |
|
159
Lincoln Electric
LECO
$15.2B
| $94.1M | 0.04% |
497,685
-8,016
| -2% | -$1.57M |
|
160
Meritage Homes
MTH
$4.7B
| $93.4M | 0.04% |
1,318,383
-67,911
| -5% | -$5.1M |
|
161
McDonald's
MCD
$195B
| $91.2M | 0.04% |
291,871
-6,100
| -2% | -$1.82M |
|
162
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.8B
| $88.2M | 0.04% |
893,286
-844,032
| -49% | -$91.5M |
|
163
Old National Bancorp
ONB
$10.3B
| $87.9M | 0.04% |
4,147,746
+47,397
| +1% | +$1.07M |
|
164
Invesco NASDAQ Internet ETF
PNQI
$539M
| $83.9M | 0.04% |
1,901,882
-105,891
| -5% | -$5.05M |
|
165
ASE Group
ASX
$82.2B
| $83.8M | 0.04% |
9,571,614
-6,103,009
| -39% | -$62.1M |
|
166
Medtronic
MDT
$110B
| $82M | 0.04% |
912,512
-5,161,053
| -85% | -$462M |
|
167
ZTO Express
ZTO
$18.2B
| $81.6M | 0.04% |
4,112,896
+680,070
| +20% | +$13.3M |
|
168
iShares Expanded Tech-Software Sector ETF
IGV
$14B
| $81.2M | 0.04% |
912,608
-178,453
| -16% | -$17.6M |
|
169
SouthState Bank Corp
SSB
$10.5B
| $80.2M | 0.03% |
864,365
+12,910
| +2% | +$1.27M |
|
170
Herc Holdings
HRI
$5.58B
| $80.2M | 0.03% |
597,120
+208,253
| +54% | +$35.5M |
|
|
GTLS
171
DELISTED
Chart Industries
GTLS
| $79.8M | 0.03% |
552,668
-25,251
| -4% | -$4.65M |
|
172
Lazard
LAZ
$4.25B
| $79M | 0.03% |
1,824,672
-37,717
| -2% | -$1.88M |
|
173
Terex
TEX
$7.52B
| $78.7M | 0.03% |
2,082,348
+191,723
| +10% | +$8.37M |
|
174
Booking.com
BKNG
$156B
| $78.6M | 0.03% |
426,700
-10,059,775
| -96% | -$1.92B |
|
175
Jefferies Financial Group
JEF
$13B
| $76.8M | 0.03% |
1,434,078
+655,315
| +84% | +$44.5M |
|
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.