In this article, we will take a look at Ken Fisher’s top 10 stock picks.
Ken Fisher is a force to reckon with on Wall Street, as his opinions consistently shape investors’ insights and influence market trends. That was evident as in April, he predicted Trump’s “stupid” tariffs would fail and the market would rebound. The proclamation has come to fruition as the US markets have rebounded and rallied to a record high.
The founder of investment advisory firm Fisher Asset Management made the remarks as the US equity market came under pressure, with investors scrambling for safety away from equities.
“Yet, as near as I can tell it will fade and fail and the fear is bigger than the problem, which from here is bullish,” Fisher said.
Fast forward, Fisher is taking issue with a new trend he dubbed “Breakevenitis,” whereby investors react emotionally to sell stocks during downturns due to the fear of losses. According to Fisher, historical data clearly show that markets recover and continue to rise after downturns. Therefore, the focus should always be on long-term returns rather than short-term swings.
With markets at all-time highs, fear is already brewing of a potential correction or deep pullback. On its part, Fisher Asset Management remains bullish about the market’s long-term outlook.
“Well, we don’t think we’re there yet, and here’s why: Yes, sentiment may be warming in certain regards. For example, we’ve seen the return of some speculative behavior in areas like meme stocks and special purpose acquisition companies, and enthusiasm around growth sectors, like technology, that remains elevated in the US,” Fisher Investment, in an expert commentary to investors.
Fisher Asset Management, which achieved an incredible return of 32.18% in 2024, boasts a highly diversified investment portfolio positioned to generate long-term value. With that in mind, let’s look at Ken Fisher’s Stock Portfolio: 10 Stocks to Buy.
Our Methodology
To analyze Ken Fisher’s Stock Portfolio: Stocks to Buy, we began by reviewing Fisher Asset Management’s second quarter 2025 portfolio. We focused on stocks in which the firm owns significant stakes. We also focused on stocks popular among elite hedge funds based on data taken from Insider Monkey’s Q1 2025 database. Finally, we ranked the stocks in ascending order based on the value of Fisher Asset Management’s equity stakes.
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. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Ken Fisher Stock Portfolio: Stocks to Buy
10. Walmart Inc. (NYSE:WMT)
Fisher Asset Management Equity Stake: $3,878,386,220
Number of Hedge Fund Holders: 94
Walmart Inc. (NYSE:WMT) is one of the best stocks to buy according to billionaire Ken Fisher. On August 18, Guggenheim reiterated a ‘Buy’ rating on the stock and raised its price target to $115 from $112. The price target hike comes as the company demonstrates solid fundamentals, with revenues skyrocketing to $685 billion in the last 12 months.
In addition, Guggenheim remains confident about Walmart’s prospects, even as Amazon expands into its domain around same-day fresh food delivery. According to the research firm, Walmart boasts an unmatched scale and productive store and supply chain assets, which should give it a competitive edge in the space.
Consequently, Guggenheim expects Walmart’s second-quarter total sales to increase by 4.4%, resulting in EBIT growth of 8.7%. It also expects the retail giant to revise its EBIT growth guidance upwards from the current range of between 3.5% to 5.5%.
Walmart Inc. (NYSE:WMT) is a global retailer that runs a vast network of retail and wholesale stores, membership clubs, ecommerce platforms, and mobile apps across multiple countries.
9. SAP SE (NYSE:SAP)
Fisher Asset Management Equity Stake: $4,305,241,598
Number of Hedge Fund Holders: 34
SAP SE (NYSE:SAP) is one of the best stocks to buy according to billionaire Ken Fisher. On August 19, the company confirmed the adoption of its SAP Business Suite at Tata Projects Limited. The adoption is a significant milestone, given that Tata is India’s leading engineering, procurement, and construction Company.
The adoption of SAP Business Suite enables Tata Projects Limited to become a cloud-first, intelligent enterprise. The company will be able to unify key business functions from project planning and procurement to finance, human resources, and analytics. Consequently, the company will enjoy enhanced data visibility, which is expected to drive business agility and operational efficiency.
“Tata Projects’ successful digital transformation exemplifies the construction industry’s accelerating shift to cloud-based solutions. We are proud to support their journey with SAP’s unified ERP platform, which is enhancing operational efficiency, enabling data-driven decision-making, and fostering innovation across the enterprise,” said Manish Prasad, President and Managing Director, SAP Indian Subcontinent.
SAP SE (NYSE:SAP) is a software application company that develops and sells enterprise software solutions that help businesses manage their operations and customer relations. Companies utilize their solutions to enhance efficiency, productivity, and informed decision-making.
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