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.
8. JPMorgan Chase & Co. (NYSE:JPM)
Fisher Asset Management Equity Stake: $4,457,485,474
Number of Hedge Fund Holders: 129
JPMorgan Chase & Co. (NYSE:JPM) is one of the best stocks to buy according to billionaire Ken Fisher. On August 20, JPMorgan Chase and Mitsubishi UFJ Financial Group entered talks to underwrite a $22 billion loan for a major data center project in Texas, led by Vantage Data Centers, backed by Silver Lake and DigitalBridge.
The two investment firms are contributing $3 billion in equity toward the development. Fueled by surging demand from AI technologies, data centers have become top-tier assets, with limited supply and rising rents driving investor interest. Texas, known for its low energy costs, is emerging as a hotspot for data infrastructure expansion.
JPMorgan Chase & Co. (NYSE:JPM) is a financial services company that offers investment banking, commercial banking, financial transaction processing, and asset management services. It supports economies worldwide and serves millions of clients.
7. The Goldman Sachs Group, Inc. (NYSE:GS)
Fisher Asset Management Equity Stake: $4,628,506,620
Number of Hedge Fund Holders: 77
The Goldman Sachs Group, Inc. (NYSE:GS) is one of the best stocks to buy according to billionaire Ken Fisher. On August 18, the investment bank reiterated its focus on pursuing growth opportunities in the Indian market with the opening of a new office in Mumbai.
The inauguration of a new, expanded office space underscores Goldman Sachs’ investment in India’s economic future and potential. The new office also underscores the bank’s next chapter in the multi-decade growth trajectory in India.
The expansion comes as Goldman Sachs is ranked the number one investment bank in India for both announced and completed mergers and acquisitions. The company is also pursuing opportunities around India’s burgeoning equity capital markets, which have raised more than $10 billion in IPOs since 2024.
The Goldman Sachs Group, Inc. (NYSE:GS) is a leading global investment banking, securities, and investment management firm. It offers a comprehensive range of financial services, including investment banking, to a diverse client base comprising corporations, financial institutions, governments, and individuals.
6. Meta Platforms, Inc. (NASDAQ:META)
Fisher Asset Management Equity Stake: $4,691,793,080
Number of Hedge Fund Holders: 27
Meta Platforms, Inc. (NASDAQ:META) is one of the best stocks to buy according to billionaire Ken Fisher. On August 19, it emerged that the social networking giant plans to launch its futuristic smart glasses in September.
Expected to be a game changer in the wearable market, the smart glasses will reportedly provide weather updates and offer real-time translations. They will reportedly feature a small, transparent screen that appears in front of one eye to display essential information in real-time.
Additionally, they will come with an advanced wrist strap that uses electromyography. The technology will enable the smart glasses to read nerve signals from hand muscles and be controlled by finger gestures, eliminating the need for buttons.
Media reports indicate that the glasses dubbed ‘Celeste’ are part of Meta Platform’s Hypernova project. In April, reports suggested that the company plans to sell glasses for $1,000. Latest reports suggest the glasses could cost around $800.
Meta Platforms, Inc. (NASDAQ:META) is a technology company focused on building products and technologies that connect people, build communities, and advance the metaverse. It owns and operates several popular social media and communication platforms like Facebook, Instagram, WhatsApp, and Messenger.
5. Alphabet Inc. (NASDAQ:GOOGL)
Fisher Asset Management Equity Stake: $6,465,008,676
Number of Hedge Fund Holders: 227
Alphabet Inc. (NASDAQ:GOOGL) is one of the best stocks to buy according to billionaire Ken Fisher. On August 18, the company confirmed that it has settled on Tennessee as the site for an advanced nuclear power plant. The plant being developed in partnership with Kairos Power is designed to generate clean energy for powering data centers of major tech companies in the US.
Alphabet’s Google is looking to capitalize on the growing demand for electricity needed to scale up technologies like generative artificial intelligence. The record energy needs have already triggered power consumption to reach record highs, fueling the need for new power sources.
The proposed nuclear plant is designed to generate 50 megawatts of advanced nuclear capacity, enough to power approximately 350,000 homes. It is to be built in Oak Ridge, Tennessee, under a long-term power purchase agreement with the Tennessee Valley Authority.
“This collaboration with TVA, Kairos Power, and the Oak Ridge community will accelerate the deployment of innovative nuclear technologies and help support the needs of our growing digital economy while also bringing firm carbon-free energy to the electricity system,” said Google’s Amanda Peterson Corio.
Alphabet Inc. (NASDAQ:GOOGL) is a conglomerate that owns and manages Google’s diverse range of businesses, including its core internet services, such as search, advertising, and cloud computing, as well as other ventures in areas like healthcare, biotechnology, and home automation.
4. Amazon.com, Inc. (NASDAQ:AMZN)
Fisher Asset Management Equity Stake: $7,126,230,226
Number of Hedge Fund Holders: 328
Amazon.com, Inc. (NASDAQ:AMZN) is one of the best stocks to buy according to billionaire Ken Fisher. On August 18, the company confirmed it will no longer offer support for the Amazon Appstore on Android devices. The company is also discontinuing the Amazon Coins program.
The decision to end support for Amazon Appstore on Android devices is due to the small number of customers who engage with the program within the Android ecosystem. Consequently, the company plans to continue offering support to Amazon devices, including Fire TV and Fire Tablet devices. Amazon generates most of the traffic on the Appstore from Amazon Devices.
“We’ve decided to discontinue the Amazon Appstore on Android to focus our efforts on the Appstore experience on our own devices, as that’s where the overwhelming majority of our customers currently engage with it,” the Amazon spokesperson said.
Amazon is also urging users to use any remaining Amazon coins in their accounts before August 20. Any remaining coins will be refunded.
Amazon.com, Inc. (NASDAQ:AMZN) is a multinational company engaged in e-commerce, cloud computing, online advertising, and digital streaming. It is best known for operating an online marketplace for buyers and sellers, as well as offering cloud computing services.
3. Apple Inc. (NASDAQ:AAPL)
Fisher Asset Management Equity Stake: $10,988,081,823
Number of Hedge Fund Holders: 159
Apple Inc. (NASDAQ:AAPL) is one of the best stocks to buy according to billionaire Ken Fisher. On August 19, U.S. Director of National Intelligence Tulsi Gabbard, confirmed that Britain has dropped its demand for the company to provide a backdoor to its encrypted devices.
British authorities were pushing the iPhone maker to provide a backdoor that would have allowed them to access protected, encrypted data for American citizens. Apple had challenged the order at the UK’s Investigatory Powers Tribunal (IPT), reiterating it would never build such access to its encrypted devices.
On its part, Britain insists it is working with the US to tackle security threats while protecting citizens’ privacy. US lawmakers had called out Britain’s push for a backdoor on Apple devices, insisting that cybercriminals and authoritarian governments would have exploited such an opening.
Apple has been at loggerheads with authorities since 2016, when the US government tried to push it to build a tool to unlock an iPhone of a suspected terrorist.
Apple Inc. (NASDAQ:AAPL) is a technology company that designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. It also offers a variety of related services, including software platforms, digital content, and payment services.
2. Microsoft Corporation (NASDAQ:MSFT)
Fisher Asset Management Equity Stake: $12,085,754,713
Number of Hedge Fund Holders: 284
Microsoft Corporation (NASDAQ:MSFT) is one of the best stocks to buy according to billionaire Ken Fisher. On August 20, the NFL and Microsoft announced a multiyear extension of their strategic partnership, marking a major leap in AI integration across the league.
Technologies like Microsoft Copilot and Azure AI are now central to enhancing sideline evaluations, scouting talent, and streamlining stadium operations. With over 330 events annually, the NFL aims to use real-time data and cloud-based insights to empower coaches and players with smarter, faster decision-making.
The Sideline Viewing System has been upgraded with 2,500 Surface Copilot+ PCs across all 32 clubs, giving nearly 3,000 personnel access to advanced analytics. GitHub Copilot features allow filtering plays by down, distance, and penalties, while Microsoft 365 dashboards help analysts refine strategies using data like snap counts and formations. AI tools are also being used off the field to support game operations managers and improve incident tracking for smoother event execution.
Beyond game day, Microsoft is deploying Azure AI video tools for practice evaluations and injury assessments. At the 2025 NFL Scouting Combine, clubs used an Azure AI Foundry-powered app to analyze over 300 prospects in real time. Teams are now exploring AI for business operations, marketing, and fan engagement, with clubs like the Tampa Bay Buccaneers already leveraging Copilot for promotional efforts. The NFL Players Association is also adopting AI for video reviews to boost staff efficiency and player safety.
Microsoft Corporation (NASDAQ:MSFT) is a technology company that develops, licenses, and sells software, services, and hardware. It’s best known for its Windows operating system, as well as offering cloud computing services, including Azure, and a range of other products and services for both consumers and businesses.
1. NVIDIA Corporation (NASDAQ:NVDA)
Fisher Asset Management Equity Stake: $13,035,979,655
Number of Hedge Fund Holders: 212
NVIDIA Corporation (NASDAQ:NVDA) is one of the best stocks to buy according to billionaire Ken Fisher. On August 18, the company confirmed plans to release a major update to Project G-Assist. This on-device AI assistant device enables users to tune NVIDIA RTX systems with voice and text commands.
The update will introduce an AI model that uses 40% less VRAM. The update will also enhance tool-calling and extend G-Assist support to all RTX GPUs. Nvidia also plans to introduce a new path-traced particle system to the NVIDIA RTX Remix modeling platform. The update will bring fully simulated physics and realistic reflections to visual effects.
NVIDIA’s Project G-Assist is a new system designed to simplify the complexities of the modern PC. It is designed to operate as a command center for providing easy access to functions buried in menus through voice or text commands. With the new AI upgrade, the system is more efficient and uses less memory.
NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor company that designs graphics processing units used in video games, computers, laptops, and data centers. It has also expanded its product portfolio to target opportunities in artificial intelligence and supercomputing.
While we acknowledge the potential of NVIDIA Corporation (NASDAQ:NVDA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.
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