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 | |
|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$4.72T
| $13B | 5.18% |
82,511,422
-8,229,696
| -9% | -$1.04B |
|
2
Microsoft
MSFT
$3.35T
| $12.1B | 4.8% |
24,297,369
-900,270
| -4% | -$391M |
|
3
Apple
AAPL
$4.9T
| $11B | 4.36% |
53,555,986
+267,208
| +0.5% | +$54M |
|
|
4
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $8.48B | 3.37% |
102,253,864
+4,850,259
| +5% | +$394M |
|
5
Amazon
AMZN
$2.53T
| $7.13B | 2.83% |
32,482,019
-96,884
| -0.3% | -$19.2M |
|
6
Alphabet (Google) Class A
GOOGL
$4.08T
| $6.47B | 2.57% |
36,685,062
-331,249
| -0.9% | -$54.2M |
|
7
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
| $5.52B | 2.19% |
57,650,891
+2,686,141
| +5% | +$254M |
|
8
Meta Platforms (Facebook)
META
$1.37T
| $4.69B | 1.86% |
6,356,667
-94,181
| -1% | -$58.2M |
|
9
Goldman Sachs
GS
$302B
| $4.63B | 1.84% |
6,539,746
+227,604
| +4% | +$132M |
|
|
10
JPMorgan Chase
JPM
$933B
| $4.46B | 1.77% |
15,375,410
-2,993,722
| -16% | -$764M |
|
|
11
SAP
SAP
$209B
| $4.31B | 1.71% |
14,157,321
+1,163,616
| +9% | +$333M |
|
12
TSMC
TSM
$2.09T
| $4B | 1.59% |
17,664,956
-340,387
| -2% | -$63.1M |
|
13
Walmart Inc
WMT
$884B
| $3.88B | 1.54% |
39,664,412
-253,517
| -0.6% | -$24.2M |
|
14
Caterpillar
CAT
$373B
| $3.66B | 1.45% |
9,418,321
+208,196
| +2% | +$69.4M |
|
15
Home Depot
HD
$332B
| $3.64B | 1.45% |
9,933,082
+255,504
| +3% | +$92.5M |
|
16
Broadcom
AVGO
$1.85T
| $3.41B | 1.35% |
12,374,445
-38,108
| -0.3% | -$8.28M |
|
17
ASML
ASML
$634B
| $3.4B | 1.35% |
4,244,254
+250,934
| +6% | +$180M |
|
18
Morgan Stanley
MS
$330B
| $3.39B | 1.34% |
24,045,186
+749,150
| +3% | +$92M |
|
|
19
Eli Lilly
LLY
$1.03T
| $3.35B | 1.33% |
4,302,467
-1,135,979
| -21% | -$883M |
|
20
ExxonMobil
XOM
$651B
| $3.33B | 1.32% |
30,853,708
+438,345
| +1% | +$46.9M |
|
21
Costco
COST
$423B
| $3.08B | 1.22% |
3,110,415
-20,824
| -0.7% | -$20.7M |
|
22
RTX Corp
RTX
$289B
| $3.01B | 1.19% |
20,599,190
+837,268
| +4% | +$112M |
|
23
Chevron
CVX
$383B
| $2.98B | 1.18% |
20,826,805
+378,936
| +2% | +$53.4M |
|
24
American Express
AXP
$228B
| $2.79B | 1.11% |
8,734,960
-237,553
| -3% | -$66.9M |
|
25
Citigroup
C
$222B
| $2.74B | 1.09% |
32,161,457
+988,152
| +3% | +$71.4M |
|
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.