5 Best Stocks to Buy Now According to Billionaire Ken Fisher

4. Alphabet Inc. (NASDAQ:GOOG)

Fisher Asset Management’s Stake Value: $5,634,988,000

Percentage of Fisher Asset Management’s 13F Portfolio: 3.32%

Number of Hedge Funds as of December 31: 158

Alphabet Inc. (NASDAQ:GOOG) is another prominent tech stock in the top 10 holdings of Fisher Asset Management. The Mountain View, California-based diversified tech conglomerate firm, is the parent of Google and is involved in various industries ranging from artificial intelligence, autonomous vehicles, cloud computing, and its core business of performance advertising. Fisher Asset Management is long over 2 million shares of Alphabet Inc. (NASDAQ:GOOG), with a stake worth over $5.6 billion as of Q1 2021.

During the I/O event on May 11, Alphabet Inc. (NASDAQ:GOOG) introduced Google Pixel Watch. This is the first watch brought forward by the tech giant to the market following the acquisition of Fitbit in January 2021.

Alphabet Inc. (NASDAQ:GOOG) was mentioned in the Q1 2022 investor letter of Farrer Wealth Advisors. Here’s what the firm had to say about the company:

Alphabet: We won’t waste much time trying to explain to our clients why Alphabet is such a phenomenal business, we believe that is quite self-evident. The better explanation is why we never bought Alphabet before. The reason was a personal bias we held based on three beliefs (which we now believe to be incorrect)

Growth in YouTube would stall as the increased ad-load would turn-off viewers (the double ad-load at the beginning of videos for example). Consumers will focus on discovery rather than search to purchase new items. For example – using Instagram/TikTok to decide what new clothes to buy instead of ‘googling’ for clothes. Other Bets: In general, we felt that capital spent on “Other Bets” has been a bit wasteful with the segment earning just around $3.1bn in revenue versus nearly $21bn in operating losses over the last five years…” (Click here to see the full text)

Out of the 924 funds being tracked by Insider Monkey, 158 funds held a stake in Alphabet Inc. (NASDAQ:GOOG) at the end of Q4 2021.