Ken Fisher Is Selling These 5 Stocks

4. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 58   

Percentage Decrease in Stake in Q4: 62%  

Starbucks Corporation (NASDAQ:SBUX) is a specialty coffee retailer. Securities filings reveal that Fisher Asset Management owned over 3.2 million shares of the company worth close to $377 million at the end of the fourth quarter of 2021, representing 0.21% of the portfolio. 

Elite hedge funds are bullish on Starbucks Corporation (NASDAQ:SBUX). Among the hedge funds being tracked by Insider Monkey, London-based investment firm Fundsmith LLP is a leading shareholder in Starbucks Corporation (NASDAQ:SBUX) with 10.7 million shares worth more than $1.1 billion. 

In its Q2 2021 investor letter, Polen Capital, an asset management firm, highlighted a few stocks and Starbucks Corporation (NASDAQ:SBUX) was one of them. Here is what the fund said:

“For Starbucks, we believe the underlying businesses for the company remain strong. Starbucks has grappled with the impact of the pandemic, but results have continued to show an ongoing post-pandemic recovery.”