Ken Fisher’s Latest Portfolio: 5 Best Picks Under $30

In this article, we shall discuss 5 of Ken Fisher’s best picks under $30. To read our detailed analysis of Fisher’s history, his investment philosophy, and hedge fund performance, go directly and see Ken Fisher’s Latest Portfolio: 10 Best Picks Under $30.

5. CSX Corp. (NYSE:CSX)

Fisher Investments’ Stake Value: $567.6M

Percentage of  Fisher Investments’ 13F Portfolio: 0.4%

Number of Hedge Fund Holdings: 63

Share Price (As of September 15): $29.49

Headquartered in Jacksonville, Florida, CSX Corp. (NYSE:CSX) is an American holding company focused on rail transportation and real estate in North America, among other industries. As of September 15, the company is down by 20.47% year-to-date. In the second quarter of 2022, CSX Corp. (NYSE:CSX) posted an EPS of $0.5, beating estimates of $0.47 by $0.03. Furthermore, in Q2 2022, the company reported a total revenue of $3.82 billion.

Hedge fund sentiment around CSX Corp. (NYSE:CSX) declined significantly in Q2 2022, with 63 hedge funds having a collective stake of $5.1 billion. This was down from 72 hedge funds having a cumulative stake value of $6.3 billion in the first quarter of 2022.

Clearbridge Investments mentioned CSX Corporation (NYSE:CSX) in their Q4 2021 investor letter. This is what they had to say:

“On a regional basis, the U.S. and Canada was the top contributor to quarterly performance, of which U.S. rail operators CSX (NYSE:CSX) was among the lead performers. CSX (NYSE:CSX) is one of five leading North American rail companies, with over 21,000 miles of rail, covering 23 states and 40+ ports. CSX (NYSE:CSX) is engaged in the transportation of rail freight in the Southeast, East, and Midwest via interchange with other rail carriers, to and from the rest of the U.S. and Canada. CSX (NYSE:CSX) performed well during the quarter after the company beats market expectations on its third-quarter results. The beats were largely driven by strong pricing, which could be hitting record highs, and healthy commodity/coal volume driven by the current energy crisis.”