In this article, we will discuss the Top 15 Tech Stocks in Billionaire Ken Fisher’s Portfolio.
Strong corporate earnings and optimism that artificial intelligence will continue to support economic growth are driving US equity markets to record highs. The gains are more pronounced in technology stocks that have fully recovered from losses incurred after the US-Iran war.
The tech-heavy Nasdaq 100 is already up by about 17% for the year, affirming renewed investor interest in tech stocks. Investors are increasingly shunning valuation and inflationary concerns to bet on tech stocks following an impressive earnings season.
Morgan Stanley strategists expect the rally to continue, on the expectation that robust earnings growth and a strong economy will keep the bull market running.
“Resiliency in earnings data despite geopolitical risk, private credit concerns and AI disruption is supportive of our view,” Mike Wilson of Morgan Stanley said.
Technology stocks are increasingly outperforming the broader growth benchmarks as investors pursue concentrated exposure to artificial intelligence-driven growth and semiconductor companies at the heart of the AI buildout.
According to Morningstar analysts, technology stocks are offering the best value following the pullback experienced at the height of the US-Iran war. In addition, the artificial intelligence theme is at its largest discount, backed by robust underlying fundamentals.
“Demand for semiconductors is beating expectations and key drivers like data centers and infrastructure remain intact. The AI story has further to go, and investors should make the most of it while these opportunities still exist,” said chief equity strategist Michael Field.
Ken Fisher is one billionaire investor who remains heavily invested in technology stocks amid strong gains driven by earnings and AI optimism. Fisher Asset Management, managed by the billionaire investor, has executed significant transactions in some of the big tech companies benefiting from the AI boom.
Likewise, technology stocks account for about 23% of the hedge fund portfolio, followed closely by financials. Ken Fisher’s hedge fund generated a 21.1% return in 2025, driven by the significant tech holdings.
With that in mind, let’s take a look at some of the top tech stocks in Billionaire Ken Fisher’s portfolio.
Ken Fisher of Fisher Asset Management
Our Methodology
For this list, we picked stocks from billionaire Ken Fisher’s 13F portfolio as of the end of the fourth quarter of 2025. We selected the top technology stocks with positive recent developments. We also detailed the number of hedge funds holding stakes in the stocks in Q4 2025. Finally, we ranked the stocks in ascending order based on Fisher Asset Management’s equity stake in the technology stocks.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Top Tech Stocks in Billionaire Ken Fisher’s Portfolio
15. Onto Innovation Inc. (NYSE:ONTO)
Number of Hedge Fund Holders: 46
Fisher Asset Management Equity Stake: $133.29 Million
Onto Innovation Inc. (NYSE:ONTO) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 6, analysts at Needham reiterated a Buy rating on Onto Innovation Inc. (NYSE:ONTO) and increased the price target to $330 from $320.
The positive stance and price target hike are in response to the company delivering quarterly results that were above expectations. The company posted record quarterly revenue of $292 million, up 10% sequentially from the fourth quarter of 2025.
The research firm flaunted the company’s gross margins, which improved to 55.7% though this was partially offset by higher operating expense expectations. Net income came in at $70.8 million, or $1.42 per diluted share, a drop from $74.8 million, or $1.51 per diluted share.
Needham has also touted the strategic capital and business alliance between Onto Innovation Inc. (NYSE:ONTO) and Rigaku Holdings Corporation. The alliance sets the stage for the combination of Rigaku X-ray technologies with Onto Innovation’s complementary optical metrology and advanced analytics software. In return, the companies are to deliver next-generation hybrid metrology solutions for complex semiconductor devices.
Onto Innovation Inc. (NYSE:ONTO) provides advanced process control, inspection, metrology, and software solutions for the semiconductor and microelectronic manufacturing industries. It focuses on identifying and solving manufacturing defects to improve yield, device performance, and quality, particularly in advanced AI chip packaging, logic, and memory fabrication.
14. Qualcomm Inc. (NASDAQ:QCOM)
Number of Hedge Fund Holders: 78
Fisher Asset Management Equity Stake: $138.74 Million
Qualcomm Inc. (NASDAQ:QCOM) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 5, Aletheia Capital reiterated a Hold rating on Qualcomm (NASDAQ:QCOM) in response to the company’s gains in artificial intelligence business, driven by CPU and ASIC performance.
While delivering fiscal second-quarter results, Qualcomm reiterated that it is in a phase of robust growth amid opportunities in data centers and Physical AI. Similarly, Aletheia Capital believes the company is ready to produce several types of AI chips, including CPUs and lower-power accelerators. The acquisition of Nuvia in 2021 and Alphawave in 2025, backed by expertise in edge computing processors, affirms the company’s growth prospects.
The research firm expects Qualcomm to benefit from AI semiconductor demand, moving from powerful accelerators such as GPUs and ASICs to various chip types, including CPUs and LPUs. In addition, the long-term outlook remains intact, as cloud service providers have partners for next-generation ASICs serving different purposes.
Qualcomm Inc. (NASDAQ:QCOM) is a leader in wireless technology and semiconductor design, primarily powering mobile devices, IoT, and automotive systems with high-performance, low-power computing. It specializes in Snapdragon processors, 5G modems, and AI-enabled chips, driving the “connected edge” for smartphones, laptops, vehicles, and robotics.
