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 | |
|---|---|---|---|---|---|---|
176
Pinduoduo
PDD
$129B
| $75.4M | 0.03% |
636,814
-45,879
| -7% | -$5.26M |
|
177
AbbVie
ABBV
$431B
| $74.9M | 0.03% |
357,636
+314,403
| +727% | +$61.1M |
|
178
Nu Holdings
NU
$68.2B
| $74.8M | 0.03% |
7,306,866
+155,121
| +2% | +$1.83M |
|
|
TMHC
179
DELISTED
Taylor Morrison
TMHC
| $74.8M | 0.03% |
1,245,975
-9,291
| -0.7% | -$578K |
|
180
Otis Worldwide
OTIS
$28.1B
| $74.1M | 0.03% |
718,106
-168,737
| -19% | -$16.5M |
|
181
Acuity Brands
AYI
$10.7B
| $72M | 0.03% |
273,503
+84,833
| +45% | +$25.7M |
|
182
Invesco
IVZ
$14B
| $72M | 0.03% |
4,743,059
+209,784
| +5% | +$3.58M |
|
183
Evercore
EVR
$12B
| $70.9M | 0.03% |
355,219
+35,952
| +11% | +$8.96M |
|
184
Onto Innovation
ONTO
$13.4B
| $70.8M | 0.03% |
583,452
-111,287
| -16% | -$18.7M |
|
185
Raymond James Financial
RJF
$34.4B
| $69.4M | 0.03% |
499,933
+1,008
| +0.2% | +$156K |
|
186
East-West Bancorp
EWBC
$18.1B
| $68.6M | 0.03% |
764,437
+8,882
| +1% | +$847K |
|
187
Lam Research
LRCX
$383B
| $66.8M | 0.03% |
919,123
-17,659,058
| -95% | -$1.39B |
|
188
State Street Communication Services Select Sector SPDR ETF
XLC
$22.4B
| $65.5M | 0.03% |
679,005
-24,178
| -3% | -$2.41M |
|
189
HUB Group
HUBG
$2.83B
| $64.3M | 0.03% |
1,729,381
+387,604
| +29% | +$16.2M |
|
190
Pool Corp
POOL
$7.31B
| $64M | 0.03% |
200,886
+7,852
| +4% | +$2.66M |
|
191
Applied Materials
AMAT
$419B
| $61.3M | 0.03% |
422,213
-2,873,111
| -87% | -$483M |
|
192
Nomura Holdings
NMR
$29B
| $60.2M | 0.03% |
9,796,595
-372,804
| -4% | -$2.37M |
|
193
Home BancShares
HOMB
$6.18B
| $60.1M | 0.03% |
2,125,789
+35,326
| +2% | +$1.03M |
|
194
Fulton Financial
FULT
$4.67B
| $59.7M | 0.03% |
3,297,712
+715,676
| +28% | +$13.9M |
|
195
Eaton
ETN
$174B
| $59M | 0.03% |
217,083
+5,209
| +2% | +$1.62M |
|
196
Carpenter Technology
CRS
$27.7B
| $58.5M | 0.03% |
322,927
-67,302
| -17% | -$13M |
|
|
JHG
197
DELISTED
Janus Henderson
JHG
| $58.1M | 0.03% |
1,607,072
-69,648
| -4% | -$2.87M |
|
198
XP
XP
$8.62B
| $57.3M | 0.02% |
4,169,263
-237,628
| -5% | -$3.27M |
|
199
Artisan Partners
APAM
$3.06B
| $56.9M | 0.02% |
1,456,421
-43,114
| -3% | -$1.83M |
|
200
Boston Beer
SAM
$1.88B
| $55.4M | 0.02% |
232,079
+71,660
| +45% | +$17.5M |
|
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.