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 | |
|---|---|---|---|---|---|---|
176
Carpenter Technology
CRS
$27B
| $78.7M | 0.03% |
284,646
-38,281
| -12% | -$8.35M |
|
177
Lumentum
LITE
$60.7B
| $78M | 0.03% |
820,230
+149,962
| +22% | +$10.6M |
|
178
Invesco
IVZ
$13.6B
| $77.9M | 0.03% |
4,938,846
+195,787
| +4% | +$2.81M |
|
179
Herc Holdings
HRI
$5.48B
| $77M | 0.03% |
584,847
-12,273
| -2% | -$1.49M |
|
180
Raymond James Financial
RJF
$34.1B
| $74.9M | 0.03% |
488,201
-11,732
| -2% | -$1.68M |
|
181
East-West Bancorp
EWBC
$18.1B
| $74M | 0.03% |
733,223
-31,214
| -4% | -$2.77M |
|
182
Ralph Lauren
RL
$22.6B
| $73.4M | 0.03% |
267,742
+144,155
| +117% | +$35.7M |
|
183
SouthState Bank Corp
SSB
$10.5B
| $73.1M | 0.03% |
794,483
-69,882
| -8% | -$6.14M |
|
184
Shake Shack
SHAK
$2.61B
| $72.4M | 0.03% |
514,770
+120,030
| +30% | +$13.1M |
|
185
Regal Rexnord
RRX
$14.1B
| $72M | 0.03% |
496,569
+44,780
| +10% | +$5.62M |
|
186
iShares MSCI Switzerland ETF
EWL
$2.19B
| $70.1M | 0.03% |
1,278,219
+1,265,270
| +9,771% | +$67.6M |
|
187
State Street Communication Services Select Sector SPDR ETF
XLC
$22.4B
| $69.1M | 0.03% |
636,880
-42,125
| -6% | -$4.15M |
|
188
Otis Worldwide
OTIS
$27.5B
| $68M | 0.03% |
686,698
-31,408
| -4% | -$3.03M |
|
189
Artisan Partners
APAM
$2.99B
| $65.6M | 0.03% |
1,479,497
+23,076
| +2% | +$922K |
|
190
Nomura Holdings
NMR
$28B
| $64.7M | 0.03% |
9,829,802
+33,207
| +0.3% | +$194K |
|
191
Pegasystems
PEGA
$5.16B
| $64.6M | 0.03% |
1,193,235
-50,331
| -4% | -$2.28M |
|
192
ZTO Express
ZTO
$18.7B
| $63.5M | 0.03% |
3,577,164
-535,732
| -13% | -$9.7M |
|
193
Marvell Technology
MRVL
$174B
| $62.3M | 0.02% |
805,299
-69,821
| -8% | -$4.36M |
|
194
O'Reilly Automotive
ORLY
$73.3B
| $60.7M | 0.02% |
673,834
+670,069
| +17,797% | +$61.1M |
|
|
JHG
195
DELISTED
Janus Henderson
JHG
| $59.8M | 0.02% |
1,538,671
-68,401
| -4% | -$2.41M |
|
196
TJX Companies
TJX
$174B
| $59.2M | 0.02% |
479,524
+468,340
| +4,188% | +$59.4M |
|
197
Wintrust Financial
WTFC
$10.9B
| $59.2M | 0.02% |
477,582
+16,150
| +3% | +$1.85M |
|
198
Pinduoduo
PDD
$128B
| $59M | 0.02% |
564,144
-72,670
| -11% | -$7.62M |
|
199
Kennametal
KMT
$2.66B
| $58.9M | 0.02% |
2,564,944
+234,550
| +10% | +$4.88M |
|
200
Fulton Financial
FULT
$4.72B
| $57M | 0.02% |
3,159,801
-137,911
| -4% | -$2.36M |
|
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.