Billionaire Ken Fisher’s Top 5 Stock Picks

In this article, we will take a look at billionaire Ken Fisher’s top 5 stock picks. If you want to see more stocks in this selection, go to Billionaire Ken Fisher’s Top 10 Stock Picks.

5. ASML Holding N.V. (NASDAQ:ASML)

Fisher Asset Management’s Holdings: $3,217,200,000
Percentage of Fisher Asset Management’s Portfolio: 1.94%

ASML Holding N.V. (NASDAQ:ASML)’s dominance in the semiconductor-making equipment market, particularly in extreme ultraviolet lithography, positions it to become a $1 trillion company. Despite facing weak demand, the company has achieved a 13% increase in sales in its most recent quarter, with an annualized growth rate of 15% required to reach a $1 trillion valuation by 2023.

In the first quarter of 2023, Fisher Asset Management bought 2,921 shares of ASML Holding N.V. (NASDAQ:ASML) stock, boosting its stake by about 1%. At the end of the quarter, the hedge fund held more than 4.73 million shares of ASML, worth about $3.22 billion.

Here is what ClearBridge Investments said about ASML Holding N.V. (NASDAQ:ASML) in its Q4 2022 investor letter:

“ASML Holding N.V. (NASDAQ:ASML) makes semiconductor chip manufacturing equipment and is a leading supplier of lithography systems to the semiconductor industry. We expect ASML to grow above expectations as its innovative EUV technology is deployed and industry capacity expands. This in turn should lead to margin expansion and earnings leverage. In addition to more visible growth and profitability drivers relative to Intel, ASML also has a stronger balance sheet and higher returns on capital. As a semiconductor capital equipment provider, ASML directly improves the energy efficiency of semiconductor manufacturing, and governance and diversity initiatives at ASML are best in class.”