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

4. Toyota Motors Corp. (NYSE:TM)

Fisher Investments’ Stake Value: $817.6M

Percentage of  Fisher Investments’ 13F Portfolio: 0.57%

Number of Hedge Fund Holdings: 12

Share Price (As of September 15): $14.12

Based in Aichi, Japan, Toyota Motors (NYSE:TM) is a Japanese multinational automotive manufacturer.

Investor interest around the stock has increased significantly, with 12 hedge funds long the stock in Q2 2022, up from 9 hedge funds in Q1 2022. As of the second quarter of 2022, Fisher Investments is the largest shareholder in the stock, owning more than 5.3 million shares in Toyota Motors (NYSE:TM).

This is what Baron Funds had to say about Toyota Motors (NYSE:TM) in their Q1 2022 investor letter, a copy of which can be obtained here:

“Toyota’s (NYSE:TM) “kaizen” manufacturing philosophy is based on improving manufacturing by using “just in time” processes to eliminate waste and reduce inventory carrying costs. Clearly the company does not contemplates disruptive change that will dramatically lower costs and improve quality.”