5 Best Defensive Stocks to Buy Today According to Billionaire Ken Fisher

4. Tencent Holdings Limited (OTC: TCEHY)

Number of Hedge Fund Holders: N/A

With a beta of 0.51, Tencent Holdings Limited (TCEHY) is considered a defensive stock for investors who don’t want to take extra risk. At the end of the first quarter, Fisher Asset Management held a $2.8 billion worth of stake in Tencent Holdings, accounting for 1.98% of the overall portfolio. Its shares grew 30% in the last twelve months. The company offers online games and social network services.