In this article we take a look at the top 5 growth stocks in Ken Fisher’s portfolio. To see more such stocks click Ken Fisher’s Top 15 Growth Stock Picks.
5. NVIDIA Corporation (NASDAQ:NVDA)
Ken Fisher’s Stake: $3,642,117,000
Nvidia is everywhere these days amid the AI-driven boom the company is enjoying, which was redoubled after the company’s latest quarterly results which reaffirmed investors’ hopes that Nvidia will continue to enjoy strong demand for its chips due to generative AI. Dan Ives of Wedbush said:
“Very simply Nvidia’s guidance and commentary was at “drop the mic” level as investors now recognize crystal clear this AI demand story is as REAL as any tech trend we have seen in the last 30 years only comparable to the Internet in 1995 and Apple’s iPhone launch in 2007.”
Ken Fisher owns a $3.6 billion stake in the company.
4. Alphabet Inc. (NASDAQ:GOOG)
Ken Fisher’s Stake: $5,114,215,000
Alphabet has multiple growth opportunities which could boost the stock price in the next few years. The company’s huge investments in AI, Cloud computing, self-driving and futuristic bets are expected to pay off in the long term. It also dominates the search markets with Google and video segment with YouTube.
Ken Fisher’s hedge fund owns a $5.1 billion stake in Alphabet as of the end of the second quarter.
3. Amazon.com, Inc. (NASDAQ:AMZN)
Ken Fisher’s Stake: $5,304,020,000
With a PE ratio of 104 and strong growth opportunities in the ecommerce and Cloud, AMZN ranks 3rd in our list of the top growth stock picks of billionaire Ken Fisher. Fisher’s hedge fund owns a $5.3 billion stake in the company as of the end of the second quarter of 2023.
2. Microsoft Corp (NASDAQ:MSFT)
Ken Fisher’s Stake: $8,317,176,000
MSFT is the second-biggest holding of Ken Fisher. Microsoft is literally everywhere in the technology sector: enterprise software, AI, Cloud, search and more. MSFT shares are up about 33% year to date. Wells Fargo recently named 10 mega-cap stocks it believes have the potential for a “breakout.” MSFT is in that list.
MSFT was the most popular stock among the 910 hedge funds tracked by Insider Monkey as of the end of June. 300 funds in our database were long MSFT.
1. Apple Inc. (NASDAQ:AAPL)
Ken Fisher’s Stake: $10,235,345,000
Apple Inc. (NASDAQ:AAPL) is the biggest holding of Ken Fisher as of the end of the second quarter. Apple Inc. (NASDAQ:AAPL) still has strong growth opportunities in iPhone, software and services sectors. Recently, Morgan Stanley said that Apple Inc. (NASDAQ:AAPL) is the “most under-owned” large cap-tech stock that it tracks, surpassing Microsoft (NASDAQ:MSFT). Morgan Stanley’s analyst said that while demand for iPad and Mac remain “challenged” they believe the third quarter would bring better news for the company.
Fisher’s stake in the company as of the end of the June quarter stood at $10 billion.
