Fisher Asset Management
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 5, 2025), Ken Fisher's Fisher Asset Management reported 975 stock positions worth $251.3 billion. Its top holding was Apple (AAPL) at 5.9% of the portfolio, followed by Nvidia (NVDA, 5.3%) and Microsoft (MSFT, 4.7%). Compared with Q3 2024, it opened 104 new positions, sold out of 49, added to 508 and reduced 310. The biggest buy was Broadcom (AVGO, shares +2%) and the biggest sale Freeport-McMoran (FCX, shares −0%).
- Most Recent 13F
- Q2 2026
- Notable People
- Ken Fisher
- Location
- PLANO, TX
- CIK
- 0000850529
- Portfolio Value
- $251.3B (Q4 2024)
- SEC Filing
- 0000850529-25-000002 ↗ filed Feb 5, 2025
Holdings Value
Holdings 975 stocks · $251.3B
| AAPL Apple Inc. | 5.91% | 59,290,044 | $14.8B | Add +1.1% |
| NVDA Nvidia Corp. | 5.25% | 98,339,379 | $13.2B | Add +1.7% |
| MSFT Microsoft Corp. | 4.73% | 28,228,502 | $11.9B | Add +1.2% |
| AMZN Amazon.com Inc. | 3.94% | 45,159,737 | $9.9B | Add +1.1% |
| GOOGL Alphabet Inc. Class A | 3.81% | 50,615,038 | $9.6B | Add +1.5% |
| VCIT Vanguard Int-Term Corporate | 2.96% | 92,783,951 | $7.4B | Add +4.8% |
| TSM Taiwan Semiconductor-SP ADR | 2.23% | 28,351,950 | $5.6B | Reduce -1.4% |
| AVGO Broadcom Inc. | 2.21% | 23,903,319 | $5.5B | Add +2.0% |
| IEF iShares 7-10 Year Treasury B | 1.81% | 49,220,000 | $4.6B | Add +18.2% |
| WMT Walmart Inc. | 1.75% | 48,793,045 | $4.4B | Add +2.4% |
| JPM JPMorgan Chase & Co. | 1.66% | 17,401,436 | $4.2B | Add +3.7% |
| CRM Salesforce Inc. | 1.66% | 12,453,872 | $4.2B | Add +1.4% |
| LLY Eli Lilly & Co. | 1.61% | 5,236,108 | $4.0B | Add +3.5% |
| NFLX Netflix Inc. | 1.61% | 4,527,446 | $4.0B | Add +1.0% |
| META Meta Platforms Inc. Class A | 1.56% | 6,675,174 | $3.9B | Add +1.7% |
| HD Home Depot Inc. | 1.48% | 9,552,090 | $3.7B | Add +1.3% |
| GS Goldman Sachs Group Inc. | 1.40% | 6,155,336 | $3.5B | Add +1.9% |
| CAT Caterpillar Inc. | 1.31% | 9,081,775 | $3.3B | Add +1.4% |
| XOM Exxon Mobil Corp. | 1.28% | 29,831,569 | $3.2B | Add +2.2% |
| PG The Procter & Gamble Co. | 1.25% | 18,692,813 | $3.1B | Add +1.7% |
| V Visa Inc. Class A | 1.23% | 9,758,703 | $3.1B | Add +1.8% |
| ORCL Oracle Corp. | 1.19% | 17,995,664 | $3.0B | Add +0.6% |
| AMD Advanced Micro Devices | 1.16% | 24,086,020 | $2.9B | Add +1.2% |
| CVX Chevron Corp. | 1.15% | 19,892,848 | $2.9B | Add +2.1% |
| MS Morgan Stanley | 1.14% | 22,833,937 | $2.9B | Add +1.9% |
| COST Costco Wholesale Corp. | 1.12% | 3,077,905 | $2.8B | Add +1.4% |
| AXP American Express Co. | 1.03% | 8,761,336 | $2.6B | Add +1.1% |
| ISRG Intuitive Surgical Inc. | 1.01% | 4,868,869 | $2.5B | Add +1.8% |
| INTU Intuit Inc. | 0.91% | 3,642,780 | $2.3B | Reduce -4.8% |
| FCX Freeport-McMoran Inc. | 0.90% | 59,364,720 | $2.3B | Reduce -0.1% |
| RTX RTX Corp. | 0.88% | 19,047,685 | $2.2B | Add +3.1% |
| MA Mastercard Inc. Class A | 0.87% | 4,174,204 | $2.2B | Add +1.4% |
| ASML ASML Holding NV-NY Reg SHS | 0.87% | 3,162,286 | $2.2B | Reduce -0.8% |
| ADBE Adobe Inc. | 0.86% | 4,843,479 | $2.2B | Reduce -0.3% |
| C Citigroup Inc. | 0.84% | 30,014,183 | $2.1B | Add +3.6% |
| BLK BlackRock Inc. | 0.84% | 2,060,640 | $2.1B | Reduce -6.0% |
| BKNG Booking Holdings Inc. | 0.83% | 419,459 | $2.1B | Add +0.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.82% | 46,887,442 | $2.1B | Add +3.7% |
| MBB iShares MBS ETF | 0.72% | 19,701,940 | $1.8B | Add +7.9% |
| NOW ServiceNow Inc. | 0.71% | 1,682,141 | $1.8B | Add +1.1% |
| UNH Unitedhealth Group Inc. | 0.69% | 3,434,467 | $1.7B | Add +7.4% |
| COF Capital One Financial Corp. | 0.64% | 9,086,286 | $1.6B | Reduce -6.3% |
| MRK Merck & Co. Inc. | 0.64% | 16,111,604 | $1.6B | Add +9.9% |
| SHEL Shell PLC-ADR | 0.62% | 24,938,735 | $1.6B | Add +1.7% |
| SCHW Schwab (charles) Corp. | 0.60% | 20,455,266 | $1.5B | Add +1.3% |
| SYK Stryker Corp. | 0.58% | 4,080,033 | $1.5B | Reduce -3.8% |
| UNP Union Pacific Corp. | 0.57% | 6,305,684 | $1.4B | Add +0.3% |
| TMO Thermo Fisher Scientific Inc. | 0.55% | 2,665,902 | $1.4B | Add +1.1% |
| COP Conocophillips | 0.54% | 13,780,782 | $1.4B | Add +10.6% |
| CNQ Canadian Natural Resources | 0.54% | 44,131,266 | $1.4B | Add +1.3% |
| LRCX Lam Research Corp. | 0.53% | 18,578,181 | $1.3B | Reduce -0.7% |
| TM Toyota Motor Corp. -Spon ADR | 0.53% | 6,892,009 | $1.3B | Add +1.9% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.53% | 51,159,641 | $1.3B | Add +6.8% |
| ABT Abbott Laboratories | 0.51% | 11,277,123 | $1.3B | Add +1.6% |
| SAP Sap SE-Sponsored ADR | 0.50% | 5,118,138 | $1.3B | Add +8.6% |
| JCI Johnson Controls Internation | 0.49% | 15,743,019 | $1.2B | Add +2.9% |
| PEP Pepsico Inc. | 0.49% | 8,100,821 | $1.2B | Add +3.1% |
| TTE Totalenergies SE -Spon ADR | 0.48% | 22,029,522 | $1.2B | Reduce -3.1% |
| JNJ Johnson & Johnson | 0.47% | 8,194,304 | $1.2B | Add +8.4% |
| SBUX Starbucks Corp. | 0.43% | 11,916,777 | $1.1B | Add +1.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.43% | 12,640,489 | $1.1B | Reduce -5.0% |
| BHP BHP Group Ltd.-Spon ADR | 0.43% | 22,225,134 | $1.1B | Add +1.3% |
| CMI Cummins Inc. | 0.43% | 3,072,457 | $1.1B | Add +2.2% |
| DHR Danaher Corp. | 0.42% | 4,578,945 | $1.1B | Add +0.6% |
| RIO Rio Tinto PLC-Spon ADR | 0.41% | 17,604,463 | $1.0B | Add +0.4% |
| ING ING Groep N.V.-Sponsored ADR | 0.41% | 66,021,188 | $1.0B | Reduce -3.5% |
| UL Unilever PLC | 0.40% | 17,940,963 | $1.0B | Add +7.3% |
| CARR Carrier Global Corp. | 0.39% | 14,313,331 | $977.0M | Add +0.3% |
| SONY Sony Group Corp. - SP ADR | 0.38% | 45,420,092 | $961.1M | Add +5.2% |
| VOO Vanguard S&P 500 ETF | 0.37% | 1,743,203 | $939.3M | Add +2.4% |
| DE Deere & Co. | 0.36% | 2,155,613 | $913.3M | Add +8.1% |
| BA The Boeing Co. | 0.35% | 5,030,899 | $890.5M | Add +3.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.35% | 1,735,666 | $887.3M | Reduce -4.5% |
| ITW Illinois Tool Works | 0.35% | 3,443,251 | $873.1M | Add +2.9% |
| CSX CSX Corp. | 0.32% | 24,956,467 | $805.3M | Add +1.2% |
| NKE Nike Inc. Class B | 0.31% | 10,274,789 | $777.5M | Reduce -0.3% |
| TT Trane Technologies PLC | 0.30% | 2,022,151 | $746.9M | Reduce -0.7% |
| EW Edwards Lifesciences Corp. | 0.29% | 9,775,276 | $723.7M | Add +7.7% |
| AZN Astrazeneca PLC-Spons ADR | 0.29% | 10,959,852 | $718.1M | Add +4.6% |
| LVS Las Vegas Sands Corp. | 0.28% | 13,810,351 | $709.3M | Add +1.2% |
| BP BP PLC-Spons ADR | 0.27% | 23,340,485 | $689.9M | Add +1.8% |
| EUFN iShares MSCI Europe Financia | 0.26% | 28,313,803 | $659.7M | Reduce -3.5% |
| GSK GSK PLC-Spon ADR | 0.25% | 18,836,797 | $637.1M | Add +1.4% |
| SAN Banco Santander SA-Spon ADR | 0.25% | 138,271,287 | $630.5M | Reduce -3.7% |
| IR Ingersoll-Rand Inc. | 0.25% | 6,825,518 | $617.4M | Add +1.2% |
| MUB iShares National Muni Bond E | 0.24% | 5,745,654 | $612.2M | Add +8.9% |
| SNY Sanofi-ADR | 0.24% | 12,511,027 | $603.4M | Reduce -6.3% |
| PCAR Paccar Inc. | 0.21% | 5,193,217 | $540.2M | Add +0.2% |
| AMAT Applied Materials Inc. | 0.21% | 3,295,324 | $535.9M | Add +1.3% |
| BSX Boston Scientific Corp. | 0.21% | 5,800,912 | $518.1M | Add +21.6% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.20% | 10,084,798 | $504.9M | Reduce -2.2% |
| MDT Medtronic PLC | 0.19% | 6,073,565 | $485.2M | Add +3.0% |
| GOOG Alphabet Inc. Class C | 0.19% | 2,508,545 | $477.7M | Reduce -3.1% |
| BBVA Banco Bilbao Vizcaya-SP ADR | 0.19% | 48,799,680 | $474.3M | Reduce -4.2% |
| CCI Crown Castle Inc. | 0.19% | 5,218,431 | $473.6M | Add +2.6% |
| IXJ iShares Global Healthcare Et | 0.18% | 5,382,479 | $462.7M | Add +3.8% |
| BABA Alibaba Group Holding-SP ADR | 0.17% | 5,093,828 | $431.9M | Add +1.6% |
| KO The Coca-Cola Co. | 0.16% | 6,619,580 | $412.1M | Reduce -2.2% |
| IXN iShares Global Tech ETF | 0.16% | 4,795,150 | $406.4M | Reduce -2.7% |
| IXC iShares Global Energy ETF | 0.15% | 10,131,253 | $386.8M | Add +3.0% |
Portfolio Sells Q3 2024 → Q4 2024
| FCX Freeport-McMoran Inc. | Reduce -0.1% | 0.90% | −0.32 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -5.0% | 0.43% | −0.22 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -0.8% | 0.87% | −0.22 |
| ADBE Adobe Inc. | Reduce -0.3% | 0.86% | −0.17 |
| TTE Totalenergies SE -Spon ADR | Reduce -3.1% | 0.48% | −0.12 |
| ING ING Groep N.V.-Sponsored ADR | Reduce -3.5% | 0.41% | −0.10 |
| LRCX Lam Research Corp. | Reduce -0.7% | 0.53% | −0.09 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -2.2% | 0.20% | −0.08 |
| WYNN WYNN Resorts Ltd. | Reduce -41.3% | 0.08% | −0.08 |
| SNY Sanofi-ADR | Reduce -6.3% | 0.24% | −0.08 |
| NKE Nike Inc. Class B | Reduce -0.3% | 0.31% | −0.06 |
| INTU Intuit Inc. | Reduce -4.8% | 0.91% | −0.06 |
| HLN Haleon PLC-ADR | Reduce -96.8% | 0.00% | −0.06 |
| SAN Banco Santander SA-Spon ADR | Reduce -3.7% | 0.25% | −0.05 |
| SYK Stryker Corp. | Reduce -3.8% | 0.58% | −0.04 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -14.0% | 0.15% | −0.04 |
| BBVA Banco Bilbao Vizcaya-SP ADR | Reduce -4.2% | 0.19% | −0.04 |
| KO The Coca-Cola Co. | Reduce -2.2% | 0.16% | −0.04 |
| EUFN iShares MSCI Europe Financia | Reduce -3.5% | 0.26% | −0.04 |
| VLTO Veralto Corp. | Reduce -97.7% | 0.00% | −0.03 |
| EXPE Expedia Group Inc. | Reduce -45.1% | 0.07% | −0.03 |
| SCCO Southern Copper Corp. | Reduce -0.7% | 0.11% | −0.03 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.03 |
| TT Trane Technologies PLC | Reduce -0.7% | 0.30% | −0.03 |
| WDS Woodside Energy Group-ADR | Reduce -93.5% | 0.00% | −0.03 |
| AOS Smith (a.o.) Corp. | Reduce -3.8% | 0.06% | −0.02 |
| VALE Vale SA-SP ADR | Reduce -1.3% | 0.06% | −0.02 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Reduce -2.0% | 0.12% | −0.02 |
| AA Alcoa Corp. | Reduce -62.5% | 0.01% | −0.02 |
| MTH Meritage Homes Corp. | Reduce -4.6% | 0.04% | −0.02 |
| GM General Motors Co. | Reduce -56.5% | 0.02% | −0.02 |
| PICK iShares MSCI Global Metals & | Reduce -6.1% | 0.05% | −0.02 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -2.4% | 0.10% | −0.02 |
| VGK Vanguard Ftse Europe ETF | Reduce -5.5% | 0.07% | −0.02 |
| ALTR Altair Engineering Inc. Class A | Sold out | 0.00% | −0.02 |
| CLF Cleveland-Cliffs Inc. | Reduce -37.1% | 0.01% | −0.02 |
| ONTO Onto Innovation Inc. | Reduce -2.3% | 0.05% | −0.01 |
| IHE iShares US Pharmaceuticals E | Reduce -3.8% | 0.08% | −0.01 |
| BLK BlackRock Inc. | Reduce -6.0% | 0.84% | −0.01 |
| PDD PDD Holdings Inc. | Reduce -2.2% | 0.03% | −0.01 |
| MGM MGM Resorts International | Reduce -2.9% | 0.06% | −0.01 |
| XP XP Inc. Class A | Reduce -1.2% | 0.02% | −0.01 |
| KLAC KLA Corp. | Reduce -40.0% | 0.01% | −0.01 |
| XLI SS Industrial Select Sector | Reduce -4.9% | 0.10% | −0.01 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -1.1% | 0.03% | −0.01 |
| JD Jd.com Inc.-ADR | Reduce -0.2% | 0.06% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -4.5% | 0.35% | −0.01 |
| HELE Helen of Troy Ltd. | Reduce -97.4% | 0.00% | −0.01 |
| MSCI MSCI Inc. | Reduce -28.8% | 0.02% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| AVGO Broadcom Inc. | Add +2.0% | 2.21% | +0.55 |
| AMZN Amazon.com Inc. | Add +1.1% | 3.94% | +0.53 |
| NVDA Nvidia Corp. | Add +1.7% | 5.25% | +0.44 |
| GOOGL Alphabet Inc. Class A | Add +1.5% | 3.81% | +0.42 |
| AAPL Apple Inc. | Add +1.1% | 5.91% | +0.31 |
| NFLX Netflix Inc. | Add +1.0% | 1.61% | +0.30 |
| CRM Salesforce Inc. | Add +1.4% | 1.66% | +0.28 |
| JPM JPMorgan Chase & Co. | Add +3.7% | 1.66% | +0.21 |
| MS Morgan Stanley | Add +1.9% | 1.14% | +0.19 |
| WMT Walmart Inc. | Add +2.4% | 1.75% | +0.18 |
| GS Goldman Sachs Group Inc. | Add +1.9% | 1.40% | +0.18 |
| V Visa Inc. Class A | Add +1.8% | 1.23% | +0.15 |
| IEF iShares 7-10 Year Treasury B | Add +18.2% | 1.81% | +0.14 |
| BKNG Booking Holdings Inc. | Add +0.2% | 0.83% | +0.11 |
| NOW ServiceNow Inc. | Add +1.1% | 0.71% | +0.10 |
| C Citigroup Inc. | Add +3.6% | 0.84% | +0.10 |
| BAC Bank of America Corp. | Add +3.7% | 0.82% | +0.08 |
| EMR Emerson Electric Co. | Add +234.2% | 0.10% | +0.07 |
| AXP American Express Co. | Add +1.1% | 1.03% | +0.07 |
| SCHW Schwab (charles) Corp. | Add +1.3% | 0.60% | +0.07 |
| SAP Sap SE-Sponsored ADR | Add +8.6% | 0.50% | +0.06 |
| BA The Boeing Co. | Add +3.4% | 0.35% | +0.05 |
| ISRG Intuitive Surgical Inc. | Add +1.8% | 1.01% | +0.05 |
| PFE Pfizer Inc. | Add +79.5% | 0.12% | +0.04 |
| EW Edwards Lifesciences Corp. | Add +7.7% | 0.29% | +0.04 |
| BSX Boston Scientific Corp. | Add +21.6% | 0.21% | +0.04 |
| MA Mastercard Inc. Class A | Add +1.4% | 0.87% | +0.04 |
| SONY Sony Group Corp. - SP ADR | Add +5.2% | 0.38% | +0.04 |
| UBS UBS Group AG-Reg | Add +422.4% | 0.05% | +0.04 |
| TM Toyota Motor Corp. -Spon ADR | Add +1.9% | 0.53% | +0.04 |
| AMGN Amgen Inc. | Add +285.4% | 0.04% | +0.03 |
| CMI Cummins Inc. | Add +2.2% | 0.43% | +0.03 |
| SU Suncor Energy Inc. | Add +97.4% | 0.05% | +0.02 |
| DE Deere & Co. | Add +8.1% | 0.36% | +0.02 |
| COST Costco Wholesale Corp. | Add +1.4% | 1.12% | +0.02 |
| URBN Urban Outfitters Inc. | Add +5.6% | 0.05% | +0.02 |
| META Meta Platforms Inc. Class A | Add +1.7% | 1.56% | +0.01 |
| KBWB Invesco KBW Bank ETF | Add +10.4% | 0.07% | +0.01 |
| ONB Old National Bancorp | Add +28.7% | 0.04% | +0.01 |
| TCOM Trip.com Group Ltd.-ADR | Add +1.2% | 0.08% | +0.01 |
| PEGA Pegasystems Inc. | Add +31.7% | 0.02% | +0.01 |
| ANF Abercrombie & Fitch Co. Class A | Add +23.2% | 0.04% | +0.01 |
| USB US Bancorp | Add +8.9% | 0.09% | +0.01 |
| MUB iShares National Muni Bond E | Add +8.9% | 0.24% | +0.01 |
| SF Stifel Financial Corp. | Add +5.2% | 0.07% | +0.01 |
| BOX Box Inc. Class A | Add +420.6% | 0.01% | +0.01 |
| RJF Raymond James Financial Inc. | Add +11.3% | 0.03% | +0.01 |
| SHAK Shake Shack Inc. Class A | Add +27.0% | 0.02% | +0.01 |
| JCI Johnson Controls Internation | Add +2.9% | 0.49% | +0.01 |
| LITE Lumentum Holdings Inc. | Add +18.8% | 0.02% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,037 | $335.8B | NVDA, AAPL, IEF, GOOGL, CAT |
| Q1 2026 | 1,016 | $294.9B | NVDA, AAPL, IEF, GOOGL, MSFT |
| Q4 2025 | 1,017 | $293.0B | NVDA, AAPL, IEF, MSFT, GOOGL |
| Q3 2025 | 1,014 | $276.3B | NVDA, AAPL, MSFT, GOOGL, IEF |
| Q2 2025 | 986 | $251.9B | NVDA, MSFT, AAPL, VCIT, AMZN |
| Q1 2025 | 999 | $231.0B | AAPL, NVDA, MSFT, VCIT, AMZN |
| Q4 2024 | 975 | $251.3B | AAPL, NVDA, MSFT, AMZN, GOOGL |
| Q3 2024 | 919 | $244.0B | AAPL, MSFT, NVDA, AMZN, GOOGL |
| Q2 2024 | 984 | $229.9B | MSFT, AAPL, NVDA, GOOGL, AMZN |
| Q1 2024 | 963 | $214.1B | MSFT, AAPL, NVDA, AMZN, GOOGL |