Billionaire Ken Fisher Bought These 5 Stocks for the Rest of 2022

In this article, we shall discuss how billionaire Ken Fisher bought these 5 stocks for the rest of 2022. To read our detailed analysis of Fisher’s history, his investment philosophy, and hedge fund performance, go directly and see Billionaire Ken Fisher Bought These 10 Stocks for the Rest of 2022.

5. M&T Bank Corp. (NYSE:MTB)

Fisher Investments’ Stake Value: $639,000

Number of Hedge Fund Holdings: 39

Headquartered in Buffalo, New York, M&T Bank Corp. (NYSE:MTB) is an American bank holding company, which operates 780 branches all over the United States. In the second quarter of 2022, the company posted an EPS of $1.08, trailing behind estimates of $2.44 by $1.36. As of August 27, M&T Bank Corp. (NYSE:MTB) has gained 16.28% year-to-date, with a total market capitalization of $32.32 billion. Moreover, the company reported a total revenue of $1.98 billion in Q2 2022.

Investor interest in M&T Bank Corp. (NYSE:MTB) depreciated in the second quarter of 2022, with 39 hedge funds having a collective stake of more than $1 billion in the company. This was down from the preceding quarter, where 40 hedge funds reported having stakes in M&T Bank Corp. (NYSE:MTB). As of Q2 2022, Ken Griffin’s Citadel Investment Group is the largest shareholder in the company, owning more than 1.9 million shares worth $309.1 million. As of the second quarter of 2022, Fisher Investments purchased 4,011 shares in M&T Bank Corp. (NYSE:MTB), awarding the hedge fund a stake of $639,000.