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 | |
|---|---|---|---|---|---|---|
151
Jefferies Financial Group
JEF
$12.8B
| $114M | 0.05% |
2,082,840
+648,762
| +45% | +$32.1M |
|
152
JD.com
JD
$44.6B
| $112M | 0.04% |
3,433,935
-483,631
| -12% | -$16.5M |
|
153
iShares Core US Aggregate Bond ETF
AGG
$137B
| $111M | 0.04% |
1,123,639
+76,751
| +7% | +$7.52M |
|
154
HEICO Corp
HEI
$50.4B
| $110M | 0.04% |
336,847
-96,743
| -22% | -$26.8M |
|
155
Acuity Brands
AYI
$10B
| $109M | 0.04% |
365,966
+92,463
| +34% | +$23.9M |
|
156
Advanced Micro Devices
AMD
$790B
| $109M | 0.04% |
765,185
-585,724
| -43% | -$63.8M |
|
157
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.8B
| $108M | 0.04% |
1,332,668
-39,549
| -3% | -$3.21M |
|
158
Linde
LIN
$222B
| $107M | 0.04% |
227,406
+7,440
| +3% | +$3.4M |
|
159
Lowe's Companies
LOW
$119B
| $97.6M | 0.04% |
439,696
-18,591
| -4% | -$4.15M |
|
160
Flowserve
FLS
$9.78B
| $97.3M | 0.04% |
1,858,621
+819,206
| +79% | +$38.5M |
|
161
Invesco NASDAQ Internet ETF
PNQI
$533M
| $95.6M | 0.04% |
1,830,206
-71,676
| -4% | -$3.36M |
|
162
Terex
TEX
$7.36B
| $95.1M | 0.04% |
2,037,746
-44,602
| -2% | -$1.87M |
|
163
Lincoln Electric
LECO
$14.6B
| $93.8M | 0.04% |
452,659
-45,026
| -9% | -$8.61M |
|
164
XP
XP
$8.8B
| $91.2M | 0.04% |
4,513,977
+344,714
| +8% | +$5.96M |
|
165
Northrop Grumman
NOC
$77.9B
| $90.8M | 0.04% |
181,541
-10,656
| -6% | -$5.24M |
|
166
Canadian Imperial Bank of Commerce
CM
$109B
| $88.6M | 0.04% |
+1,251,017
| New | +$80.5M |
|
167
iShares Expanded Tech-Software Sector ETF
IGV
$13.8B
| $87M | 0.03% |
794,390
-118,218
| -13% | -$11.7M |
|
168
Evercore
EVR
$12.3B
| $86.3M | 0.03% |
319,773
-35,446
| -10% | -$7.8M |
|
169
McDonald's
MCD
$188B
| $84.8M | 0.03% |
290,301
-1,570
| -0.5% | -$484K |
|
170
AeroVironment
AVAV
$8.06B
| $84.7M | 0.03% |
297,161
+36,824
| +14% | +$6.23M |
|
|
GTLS
171
DELISTED
Chart Industries
GTLS
| $84M | 0.03% |
510,288
-42,380
| -8% | -$6.22M |
|
172
Old National Bancorp
ONB
$10.3B
| $82.9M | 0.03% |
3,882,837
-264,909
| -6% | -$5.48M |
|
173
Lazard
LAZ
$4.21B
| $81.7M | 0.03% |
1,701,913
-122,759
| -7% | -$5.13M |
|
174
MYR Group
MYRG
$5.26B
| $81M | 0.03% |
446,199
+50,148
| +13% | +$7.37M |
|
175
Eaton
ETN
$170B
| $80.4M | 0.03% |
225,197
+8,114
| +4% | +$2.5M |
|
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.