This article presents an overview of the Billionaire Ken Fisher and Corporate Insiders Are Buying These 5 Stocks. For a detailed overview of such stocks, read our article, Billionaire Ken Fisher and Corporate Insiders Are Buying These 10 Stocks.
5. Block Inc (NYSE:SQ)
Ken Fisher’s Stake: $2,123,545
Block Inc (NYSE:SQ) ranks fifth in our list of the stocks in Ken Fisher’s portfolio that saw insider buying activity over the past few months. Roelof Botha, a director at Block Inc’s (NYSE:SQ) board, loaded up on 540,646 SQ shares at $50.89 per share on November 11. Since then through March 13 the stock has gained about a whopping 66%.
Ken Fisher’s hedge fund owns a $2.12 million stake in Block Inc (NYSE:SQ) as of the end of the fourth quarter of 2023.
Here is what Baron FinTech Fund has to say about Block, Inc. (NYSE:SQ) in its Q3 2023 investor letter:
“Block, Inc. provides point-of-sale technology to small businesses and operates the Cash App ecosystem of financial services for individuals. Shares fell due to a confluence of factors, including slowing growth, a brief system outage, and the departure of a key executive who ran the Square business segment. Ongoing investor concerns over consumer spending and a recession did not help sentiment. Nevertheless, Block reported strong quarterly results with 27% gross profit growth and adjusted EBITDA more than doubling. We believe Block’s businesses are resilient, and greater management focus on cost discipline should drive further margin expansion. We continue to own the stock due to Block’s long runway for growth, durable competitive advantages, and track record of innovation.”
4. Barnes Group Inc (NYSE:B)
Ken Fisher’s Stake: $12,051,825
Industrial technology and aerospace manufacturing company Barnes Group Inc (NYSE:B) ranks fourth in our list of the stocks Ken Fisher and insiders are buying. Barnes Group Inc’s (NYSE:B) CEO Thomas Hook on October 31 snapped up 125,000 shares of Barnes Group Inc (NYSE:B) at $20.98 per share. Since then the stock has increased by a whopping 82% in value as of March 13.
As of the end of the fourth quarter of 2023, 15 hedge funds tracked by Insider Monkey had stakes in Barnes Group Inc (NYSE:B). Ken Fisher’s hedge fund had a $12 million stake in Barnes Group Inc (NYSE:B) as of the end of 2023.
3. Warner Bros Discovery Inc (NASDAQ:WBD)
Ken Fisher’s Stake: $20,910,559
Gerhard Zeiler, who serves as President of International for Warner Bros Discovery Inc (NASDAQ:WBD), on August 7 bought 38,000 shares of Warner Bros Discovery Inc (NASDAQ:WBD) at $14.09 per share. Since then the stock has lost about 38% in value. Steven O Newhouse, a director at Warner Bros Discovery Inc (NASDAQ:WBD) board, bought 10 million shares of Warner Bros Discovery Inc (NASDAQ:WBD) on December 14 at $12.49 per share. The stock is down by about 29% since then through March 14.
Longleaf Partners Fund stated the following regarding Warner Bros. Discovery, Inc. (NASDAQ:WBD) in its fourth quarter 2023 investor letter:
“The rules have improved how we analyze existing holdings and influenced the price at which we will buy a new holding and/or trim or add to an existing one. This has resulted in a higher level of resizing positions in the portfolio and exiting some long-term holdings this year. A good example in the portfolio today is Warner Bros. Discovery, Inc. (NASDAQ:WBD), a company that we bought too early but that remains a holding in the portfolio. Our average price for the initial WBD investment in 2021 was $26.48, or a P/V ratio in the mid-60s%. However, P/EV on the initial report was 79%. Under the new rules, we would not pay that price for the company today. We most likely would have waited for a mid-60s% P/EV, which would have equated to a $mid-teens entry price. In this case, we would have missed a too-large initial downturn in the stock price. The overweight rule dictated that we trimmed the position after the price ran up in the first half of 2023, which benefitted overall performance as the stock price subsequently fell again. However, even with the new rule lens, we remain confident in our case for the business and management’s ability to deliver going forward.”
2. Ford Motor Co (NYSE:F)
Ken Fisher’s Stake: $721,047,152
Doug Field, who is the chief EV, digital and design officer at Ford, bought 182,000 Ford shares on December 8, 2023 at $11.05 per share. Since then the stock has gained about 0.8%.
Ken Fisher owns a $721 million stake in Ford as of the end of the fourth quarter of 2023.
1. Exxon Mobil Corp (NYSE:XOM)
Ken Fisher’s Stake: $1,317,817,282
Exxon Mobil Corp (NYSE:XOM) saw some heavy insider purchases last year. On July 31, 2023, Jeff Ubben, a director at Exxon Mobil Corp’s (NYSE:XOM) board, bought 458,000 XOM shares at $106.93 per share. Since then the stock has gained about 2.1%. On November 6 Ubben yet again started snapping up the stock, this time buying 250,000 XOM shares at $105.97 per share.
Ken Fisher reported owning a $1.32 billion stake in Exxon Mobil Corp (NYSE:XOM) via Fisher Investments as of the end of the fourth quarter of 2023.
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