Billionaire Ken Fisher’s 5 Favorite Tech Stocks

2. Apple Inc. (NASDAQ:AAPL)

Despite Apple being under pressure amid a broader lull in the technology sector this year, the stock remains the biggest holding of Ken Fisher’s portfolio as of the end of the first quarter. Fisher has an $11.2 billion stake in Apple. The stock is down 14% year to date. Morgan Stanley analyst Katy Huberty  recently said in a report that Apple’s App Store net revenue growth jumped to 8% on a year-over-year basis. The analyst based her projections on data from Sensor Tower. Huberty has a $195 price target on Apple stock.

Elite hedge funds were clearly bullish on Apple as of the end of last year. Insider Monkey’s database of 924 hedge funds show that 134 funds had stakes in Apple, compared to 120 in the previous quarter.