10 Best Growth Stocks to Buy Today According to Billionaire Ken Fisher

Published November 20, 2021 at 9:13 am EST Updated August 19, 2026 at 5:41 am EDT

In this article, we discuss the 10 best growth stocks to buy today according to billionaire Ken Fisher.

Ken Fisher is a money manager, best-selling author, and the founder of Fisher Asset Management, a hedge fund based in Washington that had a portfolio value of over $160 billion at the end of the third quarter of 2021. The life story of the billionaire, whose personal net worth is $6.7 billion, makes for very interesting reading. Fisher was a fruit-picker in his teenage years, making a measly $1.2 per hour in California, while also attending school. Today, he is one of the most successful investors on Wall Street with a career spanning decades at the top.

Fisher founded his investment firm in 1979 with just $250. He was the CEO of the firm for 37 years before stepping down from that role to serve as the Executive Chairman. He is also a celebrated author, penning 11 books, out of which 6 have been best-sellers in the United States. He has written for publications like Forbes, USA Today, and the Financial Times, among others. His work has been published in scholarly journals as well. The investor has a background in forestry and economics.

Some of the stocks in the portfolio of Fisher Asset Management at the end of September included Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and Alphabet Inc. (NASDAQ:GOOG), among others discussed in detail below.

Our Methodology

These were picked from the investment portfolio of Fisher Asset Management at the end of the third quarter of 2021. They are listed according to the value of each holding in the portfolio.

The hedge fund sentiment around each stock was calculated using the data of 873 hedge funds tracked by Insider Monkey.

Best Growth Stocks to Buy Today According to Billionaire Ken Fisher

10. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 55

Oracle Corporation (NYSE:ORCL) provides enterprise information technology services. The company recently announced that it would be setting up 14 cloud regions across the world in a bid to meet the skyrocketing demand for enterprise cloud solutions.

Latest data shows that Fisher Asset Management owned 15.3 million shares of Oracle Corporation at the end of the third quarter of 2021 worth $1.3 billion, representing 0.82% of the portfolio.

At the end of the second quarter of 2021, 55 hedge funds in the database of Insider Monkey held stakes worth $2.8 billion in Oracle Corporation, up from 52 in the preceding quarter worth $2.8 billion.

Just like Apple Inc., Microsoft Corporation, Amazon.com, Inc., and Alphabet Inc., Oracle Corporation is one of the stocks on the radar of growth investors.

Here is what Ariel Investments has to say about Oracle Corporation (NYSE:ORCL) in its Q1 2021 investor letter:

“A temporary factor might be a downturn in the high-yield bond market driving up LBO financing costs for the decline in 2021 GAAP revenue for Oracle Corporation (ORCL) due to a change in accounting methods. In all these examples, stock prices were driven well-below our calculations of intrinsic value. We invested in each company with good outcomes. Later, we will offer instances when this strategy is not successful.”

9. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 113

Netflix, Inc. (NASDAQ:NFLX) provides online entertainment services. According to regulatory filings, Fisher Asset Management owned 4.1 million shares in the company at the end of September 2021 worth $2.5 billion, representing 1.57% of the portfolio.

On November 15, investment advisory KeyBanc maintained an Overweight rating on Netflix, Inc. stock and raised the price target to $725 from $690, highlighting increased confidence in the net advertising growth of the firm compared to peers.

Among the hedge funds being tracked by Insider Monkey, Chicago-based firm Citadel Investment Group is a leading shareholder in Netflix, Inc. with 4.6 million shares worth more than $2.4 billion.

In its Q1 2021 investor letter, Polen Capital, an asset management firm, highlighted a few stocks and Netflix, Inc. (NASDAQ:NFLX) was one of them. Here is what the fund said:

“We purchased Netflix in March, initiating a 3% position in the Portfolio. We believe Netflix is a highly competitively advantaged company. It has recently met all our investment guardrails, and we anticipate it will remain sustainably above our guardrails over the next five years and beyond. We know Netflix for its ubiquitous streaming service and deep library of owned content. The company has made investments in this content (currently running at nearly $20 billion/year), generally keeping subscribers highly engaged and loyal to their service. The company has number one market share in 99% of markets globally, but it is our view that video streaming on-demand is still an underpenetrated space with many years of attractive growth likely ahead. The service is also relatively affordable at roughly $11/month on average globally.

We believe Netflix’s growth in content spend is beginning to moderate, which could allow margin expansion to continue for many years when paired with ongoing subscriber growth and price increases. While there is competition from the likes of Apple (Apple TV+), Amazon (Prime Video), Disney (Disney+ and Hulu), and others, we believe there can be a handful of winners in this industry. Already, we see many people subscribe to multiple streaming video services, with Netflix being their “anchor” service. That said, the barriers to entry are high, and we believe they are getting higher given the substantial amount of capital and size of the subscriber base required to maintain a competitive service for both viewers and content producers. Over the next five years, we expect Netflix’s earnings growth to be approximately 30% annualized and free cash flow to grow at an even higher rate.”

8. Meta Platforms, Inc. (NASDAQ:FB)

Number of Hedge Fund Holders: 266

Meta Platforms, Inc. (NASDAQ:FB) is a diversified technology company that focuses on interactive media and related services. The firm recently changed its name to Meta from Facebook as part of a broad plan to expand into the “metaverse” and shift away from the “social media giant” tag.

The hedge fund of billionaire Ken Fisher owned over 7.5 million shares of Meta Platforms, Inc. at the end of the third quarter of 2021 worth more than $2.5 billion, representing 1.6% of the total portfolio of the fund.

At the end of the second quarter of 2021, 266 hedge funds in the database of Insider Monkey held stakes worth $42 billion in Meta Platforms, Inc., up from 257 in the preceding quarter worth $40 billion.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:FB) was one of them. Here is what the fund said:

“We continued to keep our learnings from 2020 in mind during the quarter as we sought to increase the up capture of the portfolio. We also made adjustments to the portfolio’s top 10 holdings to increase the participation of select stocks, including Facebook, while trimming our weighting to stable names, which now represent 47% of the portfolio. Our repositioning has been encouraging so far with the portfolio performing better on up days in the market while maintaining good down capture during more turbulent sessions.”

7. PayPal Holdings, Inc. (NASDAQ:PYPL)

Number of Hedge Fund Holders: 143

PayPal Holdings, Inc. (NASDAQ:PYPL) owns and runs a digital payments platform. Fisher Asset Management owned 11.9 million shares in the company at the end of September 2021 worth $3.1 billion, representing 1.93% of the portfolio of the fund.

UBS analyst Rayna Kumar recently assumed coverage of PayPal Holdings, Inc. stock with a Buy rating and a price target of $263, noting the pullback in share prices of the firm following quarterly earnings disappointment was a “buying opportunity”.

At the end of the second quarter of 2021, 143 hedge funds in the database of Insider Monkey held stakes worth $16.3 billion in PayPal Holdings, Inc., the same as in the preceding quarter worth $14.7 billion.

In its Q4 2020 investor letter, Polen Capital Management, an asset management firm, highlighted a few stocks and PayPal Holdings, Inc. (NASDAQ:PYPL) was one of them. Here is what the fund said:

“For the full year 2020, one of the top performers was PayPal, which we purchased in 2019, the company continues to take market share in digital payments and has seen an acceleration in user adoption and engagement, especially within their “silver tech” or older user demographic. We expect many more years of ongoing double-digit growth from their various business segments and new initiatives.”

6. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 89

Adobe Inc. (NASDAQ:ADBE) is a diversified software company. In earnings results for the third quarter, posted in September, it reported earnings per share of $3.11, beating estimates by $0.09. The revenue over the period was $3.9 billion, up 22% year-on-year.

Latest securities filings reveal that Fisher Asset Management owned 6.4 million shares in Adobe Inc. at the end of the third quarter of 2021 worth $3.7 billion, representing 2.3% of the portfolio.

Among the hedge funds being tracked by Insider Monkey, Boston-based investment firm Arrowstreet Capital is a leading shareholder in Adobe Inc. with 2.3 million shares worth more than $1.3 billion.

In addition to Apple Inc., Microsoft Corporation, Amazon.com, Inc., and Alphabet Inc., Adobe Inc. is one of the stocks that hedge funds are buying.

Here is what Polen Capital has to say about Adobe Inc. (NASDAQ:ADBE) in its Q1 2021 investor letter:

“Adobe and Autodesk are both prime examples of the rotation that occurred during the quarter. Both are dominant businesses in their respective markets, which are experiencing structural tailwinds. Despite each business’s position of strength, the stocks of cyclicals and businesses with higher leverage and lower profitability were more favored this past quarter. In stark contrast, Adobe and Autodesk both have low leverage, high levels of profitability, high recurring revenues that mitigate cyclicality, and are both capital-light business models—all attributes we appreciate as investors. Adobe and Autodesk were also two of the top three performers within the Portfolio during 2020.”

5. Salesforce.com, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 108

Salesforce.com, Inc. (NYSE:CRM) markets enterprise cloud computing solutions. Regulatory filings show that Fisher Asset Management owned 13.9 million shares in the company at the end of the third quarter of 2021 worth over $3.7 billion, representing 2.34% of the portfolio.

Credit Suisse analyst Phil Winslow recently initiated coverage of Salesforce.com, Inc. stock with an Outperform rating and a price target of $375, highlighting the “increasingly robust vertical technology stack” of the firm in a bullish investor note.

Among the hedge funds being tracked by Insider Monkey, Boston-based investment firm Arrowstreet Capital is a leading shareholder in Salesforce.com, Inc. with 3.7 million shares worth more than $1 billion.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Salesforce.com, Inc. (NYSE:CRM) was one of them. Here is what the fund said:

“We added to our software-as-a-service (SaaS) exposure with the initiation of SaaS leader salesforce.com, which develops software for customer relationship management (we added Workday, which enterprise resource planning applications, last quarter). Saleforce.com is well-positioned in the most attractive end markets in software and will benefit from secular drivers such as remote work and the digital transformation. Salesforce.com is a sustainability leader as well, with a commitment to carbon-neutral cloud, toward which it has set a goal of 100% renewable energy for global operations by fiscal year 2022. The company has a strong focus on equality, in terms of equal rights, pay, education and opportunity. As a data company it has been leading on workforce disclosures and seeks to have 50% of its U.S. workforce made up of underrepresented groups by 2024.”

4. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 155

Alphabet Inc. provides online advertising services and owns the internet search engine Google. In early November, the company crossed $2 trillion in market capitalization for the first time, becoming the third company across the world to do so after tech giants Microsoft and Apple.

According to the latest data, Fisher Asset Management owned 1.8 million shares in Alphabet Inc. at the end of September 2021 worth $4.9 billion, representing less than 3.05% of the portfolio of the fund.

Among the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in Alphabet Inc. with 2.9 million shares worth more than $7.3 billion.

In its Q1 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:

“Large-cap tech companies have been resilient through the pandemic—Alphabet among them. A top contributor, Alphabet’s Play Store and Google Cloud are in demand as businesses accelerate online activity which, along with strong YouTube user growth, is helping stabilize temporarily weaker search ad revenue trends. Through the lens of our disciplined bottom-up research process, we view Alphabet as one of the best businesses in the world, capable of expanding revenues at a rapid rate for years to come, with a bullet proof balance sheet and an average asking price. It’s a name we’ve owned since 2012 and for which we continue to have high hopes regarding future prospects.”

3. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 271

Amazon.com, Inc. is a diversified technology company with core interests in the ecommerce business. Securities filings show that Fisher Asset Management owned 1.9 million shares in the company at the end of the third quarter of 2021 worth $6.3 billion, representing 3.94% of the portfolio.

On November 11, investment advisory Tigress Financial maintained a Buy rating on Amazon.com, Inc. stock and raised the price target to $4,460 from $4,370, backing the firm to overcome near-term supply chain headwinds in time for the holiday season.

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Amazon.com, Inc. with 3.8 million shares worth more than $13 billion.

In its Q1 2021 investor letter, Hayden Capital, an asset management firm, highlighted a few stocks and Amazon.com, Inc. (NASDAQ:AMZN) was one of them. Here is what the fund said:

“Amazon (AMZN):We sold our last remaining stake in Amazon this quarter. Amazon was our longest-running investment holding, after having originally purchasing it at the inception of Hayden in 2014, at a price of ~$317.

I gave some details of how Amazon has progressed over these past 6.5 years in last year’s Q2 2020 letter, which partners can find here (LINK). The company has executed amazingly well over this tenure, with revenues up ~3.3x and since our initial purchase, and reported operating income up ~30x over that period.

Generally, I believe there are three reasons to sell an investment:1) we recognize our initial thesis is wrong (sell out as quick as possible), 2) we have a significantly higher returning opportunity to redeploy the capital into (sell-down to fund the new investment), or 3) the company is maturing and hitting the top part of it’s S-curve / business lifecycle, so the business has fewer places to reinvest its capital internally. As such, the future returns will likely be lower than the past. This investment thus becomes a “source of capital” in the future, as we fund earlier-stage investment opportunities.

In the case of Amazon, we decided to sell due to the third scenario. I’m sure Amazon will continue to generate value for shareholders and continue to keep pace with the broader technology sector. However, I’m just not confident it’s as attractive an investment as when we first invested.

With ~51% of US households having an Amazon Prime account (and with very low churn), each of these households continuing to increase their annual spend with Amazon, and few / no real competitors in sight, Amazon is a dominant force that will only continue to accrue value as consumers continue to move from offline to online purchases for their everyday needs. Likewise, the “cash-flow machine” of Amazon Web Services is in a similar position of strength, with AWS now having ~32% market share and continuing to grow at +30% y/y. Because of this, I think Amazon is probably one of the safest investments in the technology sector today.

So why did we decide to sell the investment then? Simply put, Amazon is …”read the entire letter here]

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 238

Microsoft Corporation markets tech-related software, services, devices, and solutions. It recently became the most valuable firm in the world with a market cap of over $2.5 trillion after rival Apple failed to excite the market with its quarterly earnings report.

Fisher Asset Management owned 25.5 million shares in Microsoft Corporation at the end of September 2021 worth $7.1 billion, representing 4.46% of the portfolio.

Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Microsoft Corporation with 24.8 million shares worth more than $6.7 billion.

In its Q1 2021 investor letter, Polen Capital, an investment management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund said:

“We have written extensively about Microsoft in recent commentaries. It was our leading contributor last year and one of our largest weightings within the Portfolio. It continues to experience business momentum through several dominant, essential, and competitively advantaged businesses, like Office 365 and Azure. The markets it competes for are enormous, which gives the company the ability to compound at scale. In the past quarter alone, the company generated over $40 billion in revenue, representing a 17% growth rate. The inherent operating leverage in Microsoft’s business model continues and led to 34% earnings growth this past quarter. Despite the broad rotation we saw in the first quarter and Microsoft’s robust performance in 2020, we think its business fundamentals continue to exhibit strength, and the stock continues to reflect the fundamentals.”

1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 138

Apple Inc. makes and sells smartphones, personal computers, tablets, and other tech items globally. At the end of the third quarter of 2021, Fisher Asset Management owned 60 million shares in the company worth $8.6 billion, representing 5.35% of the portfolio.

Arete analyst Richard Kramer recently raised the price target on Apple Inc. stock to $180 from $168 and kept a Buy rating on the shares, noting the firm was poised to benefit from a broad refresh of its product portfolio.

At the end of the second quarter of 2021, 138 hedge funds in the database of Insider Monkey held stakes worth $145 billion in Apple Inc., up from 127 in the preceding quarter worth $131 billion.

In its Q1 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here is what the fund said:

“Apple is an even more notable situation and one that highlights our free cash valuation methodology and bears further discussion given its Q3 ‘20 sale from our strategy. For an extended period, Apple was extraordinarily inexpensive on a free cash flow basis and was the largest position in our strategy, exceeding 5% of the portfolio.”

You can also take a peek at 10 Best Healthcare Dividend Stocks to Buy Now and 10 Dividend Stocks with Over 20 Years of Dividend Increases.

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