Ken Fisher’s Top 5 Healthcare Stock Picks

In this article, we discuss the top 5 healthcare stock picks of Ken Fisher. If you want to read our detailed discussion about the healthcare industry, head over to Ken Fisher’s Top 15 Healthcare Stock Picks.

5. Stryker Corporation (NYSE:SYK)

Fisher Asset Management’s Stake Value: $1,168,725,000

Number of Hedge Fund Holders: 46

Stryker Corporation (NYSE:SYK) specializes in two major segments – MedSurg and Neurotechnology, and Orthopaedics and Spine. It produces equipment used in medical procedures, such as spinal implants, knee replacements, and other interbody systems. On August 2, Stryker Corporation (NYSE:SYK) announced a Q2 revenue of $5 billion, along with a non-GAAP EPS of $2.54, outperforming analysts’ expectations by $170 million and  $0.16, respectively. At the end of Q2 2023, Fisher Asset Management held a $1.17 billion stake in Stryker Corporation (NYSE:SYK), making it one of the top healthcare stock picks of Ken Fisher.

According to Insider Monkey’s second quarter database, 46 hedge funds were long Stryker Corporation (NYSE:SYK), as opposed to 42 hedge funds during the last quarter. Terry Smith’s Fundsmith LLP is the largest investor in the company, with 5.5 million shares worth $1.68 billion. 

ClearBridge Large Cap Growth Strategy said this about Stryker Corporation (NYSE:SYK) in its second quarter 2023 investor letter:

“Supporting our widely-held names in the second quarter were solid contributions in health care, where we benefited from an overweight to medical device stocks Intuitive Surgical and Alcon which moved higher on signs of improving procedure growth. Supply chain headwinds and labor shortage bottlenecks are now easing while ambulatory surgery centers are adding more surgery hours, which should be a boon to these stocks as well as to orthopedic and spine surgery products specialist Stryker Corporation (NYSE:SYK).”