Billionaire Ken Fisher’s 5 Favorite Tech Stocks

4. Alphabet Inc. (NASDAQ:GOOG)

Ken Fisher has been adding to his position in GOOG since 2017, ending the first quarter of 2022 with over 2 million shares of the company, worth $5.6 billion. Google shares have gained close to 150% in the last 5 years. It is one of the most popular stocks among hedge funds, with 158 funds holding stakes in the company as of the end of last year. Recently, Guggenheim analyst Michael Morris lowered GOOG price target to $3,000 from $3,350 but kept a Buy rating on the shares.

Baron Funds, an asset management firm, published its “Baron Global Advantage Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Here is what the fund said:

“We have modestly reduced the size of our position in Alphabet Inc. (NASDAQ:GOOG) (from 6.5% at the end of the fourth quarter of 2021 to 5.3% as of the end of the first quarter of 2022), after the stock rallied 64% in 2021 and continued outperforming during the first quarter, declining just 3%.”