Ken Fisher Stock Portfolio: Top 5 Stock Picks

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 258

Fisher Asset Management’s Stake Value: $6,758,014,000

Ken Fisher strengthened his hold on Microsoft Corporation (NASDAQ:MSFT) by 2% in the third quarter of 2022. He owns more than 29 million shares of Microsoft Corporation (NASDAQ:MSFT) worth $6.75 billion, representing 5.06% of the total 13F holdings. 

On November 2, Macquarie analyst Sarah Hindlian-Bowler initiated coverage of Microsoft Corporation (NASDAQ:MSFT) with a Neutral rating and a $234 price target. The analyst sees short-term headwinds for Microsoft Corporation (NASDAQ:MSFT) from weakness in the macro environment, cloud pull-in from COVID, softer PC sales, rising energy costs, and low consumer purchasing power. 

According to Insider Monkey’s Q2 data, 258 hedge funds were bullish on Microsoft Corporation (NASDAQ:MSFT), compared to 259 funds in the prior quarter. Chris Hohn’s TCI Fund Management held a significant position in the company, comprising 19.6 million shares worth over $5 billion. 

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund said:

“Shares of Microsoft Corporation (NASDAQ:MSFT), a leading global provider of software solutions, declined 16.6% in the quarter along with the broader software group as well as due to growing concerns of a potential macro-driven slowdown. This is despite the company posting strong quarterly financial results and successfully absorbing headwinds from the war in Ukraine. The company had 21% revenue growth, 23% operating income growth, and 35% growth in Microsoft Cloud (all year-over-year in constant currency), which now represents 47% of total revenues. (read more…)