Ken Fisher’s Top 5 Stock Picks

4. Alphabet Inc. (NASDAQ:GOOGL)

Ken Fisher’s Stake: $5.11 billion

Alphabet Inc. (NASDAQ:GOOGL) ranks 4th in our list of the top stock picks of Ken Fisher. The billionaire’s hedge fund owns a $5.11 billion stake in Alphabet Inc. (NASDAQ:GOOGL). In July, data showed that smartphones made by Alphabet Inc. (NASDAQ:GOOGL) saw a rise in sales during the second quarter in the US. A report by Counterpoint Research said that shipments of Google Pixel phones jumped 48% year over year in the second quarter.

As of the end of the second quarter of 2023, 204 hedge funds tracked by Insider Monkey had stakes in Alphabet Inc. (NASDAQ:GOOGL). The biggest stakeholder of Alphabet Inc. (NASDAQ:GOOGL) was Harris Associates.

Weitz Partners III Opportunity Fund made the following comment about Alphabet Inc. (NASDAQ:GOOG) in its second quarter 2023 investor letter:

“The year-to-date’s top contributors Microsoft Corp. (MSFT) and Google parent Alphabet Inc. (NASDAQ:GOOG) (also a top quarterly contributor) have generated an enormous volume of AI-centric headlines. Both are at the vanguard of introducing AI-powered technologies into consumer-facing products, most notably their respective search engine. We trimmed several of the year’s winners on strength, including Meta, Microsoft, Alphabet, CoStar Group, Inc. (CSGP), and CarMax.”