In this article, we will take a look at Billionaire Ken Fisher’s Top 11 Dividend Stock Picks.
In a recent episode of the Market Insights podcast, Fisher Investments Founder, Executive Chairman, and Co-Chief Investment Officer Ken Fisher addressed a new set of listener questions. He discussed whether elevated inflation and a weakening labor market point to a recession, whether policy uncertainty in the US makes the country less attractive for investors, whether the “Sell in May” investing adage has any merit, and what risks the growing national debt may pose to investors.
Speaking about inflation and employment data, Fisher said investors should be careful about relying too heavily on backward-looking indicators. He said:
“Whether it’s inflation looking backward or job numbers looking backward, they aren’t necessarily at all consistent with the future. Therefore, they’re not predictive.”
Fisher noted that a hypothetical scenario could be different, but stressed that inflation by itself is not a reliable recession signal. According to him, recession risks would rise if inflation accelerated significantly and central banks responded with aggressive monetary tightening. He added:
“It’s really not high inflation that is a predictor of recession. It’s if you had much worsening inflation and then the central banks of the world were to tighten hard to try to fight that, that might cause a recession.”
Fisher also argued that current inflation levels are not unusually high by historical standards.
“But if you think high inflation is the inflation that’s going on around the world, now, you’re smoking the funny stuff. Because if you look at the inflation now, compared to most of the inflation in the last 50 years, we’re actually at levels that are below those levels.”
Meanwhile, Fisher Asset Management‘s Q1 2026 13F portfolio increased modestly to about $295 billion. NVIDIA, Apple, Alphabet, Microsoft, and Amazon accounted for roughly 20% of total holdings. NVIDIA remained the firm’s largest position at 5.24% of the portfolio. The fund made small additions to the stake over the last three quarters, signaling continued confidence in the company despite trimming shares at higher prices earlier.
Portfolio turnover remained relatively modest during the quarter. Most of the activity was concentrated in major holdings and a handful of new positions, including AbbVie and Novartis. The firm also increased its stakes in Pfizer, Sony, and BP, while reducing positions in Netflix and SAP. These moves reflected tactical adjustments within an otherwise stable and diversified portfolio centered on large-cap technology stocks and global equities.
Given this, we will take a look at some of the best dividend stocks in Ken Fisher’s portfolio.
Ken Fisher of Fisher Asset Management
Our Methodology
For this list, we scanned Fisher Asset Management’s 13F portfolio as of Q1 2026 and identified prominent companies that offer dividends to shareholders. From there, we picked companies that have recently reported noteworthy developments likely to impact investor sentiment. These companies are also popular among elite funds and analysts.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
11. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Fisher Asset Management’s Stake Value: $125,132,534
On June 1, Mizuho raised its price recommendation on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $615 from $515. It reiterated an Outperform rating on the shares. The firm increased price targets across the semiconductor group, saying demand for agentic AI remains strong throughout the CPU ecosystem. According to the analyst, suppliers are expected to remain supply-constrained through 2027, a situation that points to potential upside in servers. Mizuho believes agentic AI will continue to push demand higher. At the same time, the firm noted that memory and CPU supply constraints could limit further upside in the second half of 2026.
On June 8, AMD announced plans to invest up to £2bn in the United Kingdom over the next five years. The investment is intended to accelerate AI innovation and research. It will also expand access to the computing resources needed to support long-term economic growth and scientific leadership across the country.
Speaking at London Tech Week, AMD Chair and CEO Dr. Lisa Su outlined a series of investments and strategic collaborations aimed at accelerating the UK’s AI ecosystem and widening access to the advanced computing that supports scientific discovery and public-sector innovation. The initiatives are aligned with the UK’s AI Opportunities Action Plan and AI Hardware Strategy. They support broader national efforts to build world-class AI infrastructure, develop technical talent, and speed up AI adoption.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company focused on high-performance computing and artificial intelligence (AI). Its operating segments include Data Center, Client and Gaming, and Embedded.
10. Canadian National Railway Company (NYSE:CNI)
Fisher Asset Management’s Stake Value: $260,468,989
On June 3, BofA raised its price recommendation on Canadian National Railway Company (NYSE:CNI) to $132 from $122. It reiterated a Buy rating on the shares. The analyst told investors that operating performance remains strong. The firm also sees several leading indicators pointing to improvement in the industrial economy.
On June 5, Susquehanna raised its price target on CNI to $138 from $128 and kept a Positive rating on the stock. The firm said rail volumes appear to be running ahead of expectations. According to the analyst, ISM readings are “encouraging” and have expanded for five consecutive months. The firm also noted that there are no signs that higher fuel costs are weighing on industrial demand. Earlier that day, Susquehanna increased price targets across the rail sector.
Canadian National Railway Company (NYSE:CNI) is a transportation and logistics company. Its services include rail, intermodal, trucking, and supply chain solutions.
