Top 15 Tech Stocks in Billionaire Ken Fisher’s Portfolio

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.

13. Intuit Inc. (NASDAQ:INTU)

Number of Hedge Fund Holders: 91

Fisher Asset Management Equity Stake: $879.95 Million

Intuit Inc. (NASDAQ:INTU) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 13, Intuit Inc. (NASDAQ:INTU) confirmed it has enhanced its Intuit Enterprise Suite with the inclusion of multi-entity close automation, dimensional reporting capabilities, and construction industry features. The suite will also come with an integrated Human Capital Management solution.

The addition of the new features is part of an effort that strengthens the company’s push to target mid-market businesses managing multiple entity projects or locations. The businesses will now be able to handle more than 200 entities and millions of dollars in revenue.

The automated cross-entity accounting workflows features will allow mid-market businesses to generate and track intercompany eliminations at the transaction level. Additionally, they will be suited to customize hierarchies for tax, legal, and operational needs.

Intuit has also added AI-powered capabilities that automatically suggest and pre-populate categories on bills from intercompany sales. There is also a cross-company bill pay feature that enables payment for bills across entity bank accounts. The company has also expanded its project management capabilities with AI-powered cost recommendations.

Intuit Inc. (NASDAQ:INTU) is a leading financial technology (fintech) company specializing in cloud-based software for small businesses, consumers, and accounting professionals. They focus on automating financial tasks, tax preparation, accounting, and personal finance by integrating artificial intelligence (AI) into core products like QuickBooks, TurboTax, Credit Karma, and Mailchimp.

12. Cisco Systems, Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders: 77

Fisher Asset Management Equity Stake: $1.34 Billion

Cisco Systems, Inc. (NASDAQ:CSCO) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 13, Cisco Systems Inc. (NASDAQ:CSCO) delivered solid third-quarter fiscal 2026 results that affirmed the relevance of its technology for connecting and securing artificial intelligence. The company delivered double-digit growth on both the top and bottom lines at the high end of the guidance.

Revenue reached a record high of $15.8 billion, up 12% year over year, driven by strong demand for broad-based products. Product revenue was up 17%, helping offset a 1% decline in service revenue. Americas remained the company’s biggest market, accounting for 14% of the growth. Amid robust revenue growth, net income on a non-GAAP basis was up 10% to $4.2 billion, as earnings per share also increased 10% to $1.06.

The robust earnings and revenue increase came as Campus networking orders increased 25% as data center switching orders grew by 40%. The strong results, driven by great execution and financial discipline, also enabled the company to deliver shareholder value while pursuing significant opportunities.

“Cisco is well-positioned as the critical infrastructure for the AI era, building on our technology leadership and customer trust, while innovating at the speed and scale that our dynamic world demands,” said Chuck Robbins, chair and CEO of Cisco.

Cisco Systems, Inc. (NASDAQ:CSCO) is a global technology leader specializing in networking hardware, software, and cybersecurity services that form the backbone of modern digital infrastructure. It is heavily accelerating its focus on AI infrastructure, secure cloud connectivity, and “building the internet” for the AI era.

11. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 111

Fisher Asset Management Equity Stake: $1.41 Billion

Oracle Corporation (NYSE:ORCL) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 5, Oracle Corp (NYSE:ORCL) reiterated its focus on creating a digital framework that enables innovation and AI integration in clinical research across Africa.

The company has inked a strategic collaboration with the African Clinical Research Network to support and enhance clinical research across the continent. The two are joining forces to support studies on placental biomarkers for predicting severe pre-eclampsia outcomes. The study is to recruit 1,106 pregnant women across Zimbabwe, Rwanda, and Tanzania.

Oracle’s robust and integrated clinical trial and safety solutions are relied upon to enable greater efficiency and transparency in studies. Additionally, the collaboration is expected to foster clinical research capacities across the continent while addressing health disparities in research.

On the other hand, analysts at Wedbush have reiterated an Outperform rating on Oracle stock and hiked the price target to $275 from $225. The price target underscores the research firm’s confidence in the company’s outlook, given its positioning in the AI infrastructure landscape.

Oracle Corporation (NYSE:ORCL) is a global leader in enterprise software, cloud infrastructure, and database technology. As the second-largest software company by revenue, it provides organizations with AI-powered cloud applications (SaaS), autonomous databases, and infrastructure services (OCI) to manage data, finances, HR, and supply chains.

10. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 147

Fisher Asset Management Equity Stake: $1.96 Billion

Netflix Inc. (NASDAQ:NFLX) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 13, Netflix Inc. (NASDAQ:NFLX) reiterated that its advertising business is growing at an impressive rate. As it stands, Netflix with ads reaches more than 250 million global monthly active viewers. In addition, over 80% of ad members are actively watching every week.

The robust growth is down to what the streaming giant cites as an incredible slate of content, led by Wednesday, The Night Agent, Happy Gilmore 2, and Stranger Things. Amid strong traction, the company plans to offer an ad plan to even more members worldwide. Netflix plans to expand its ad plan to 15 new countries as it strives to give advertisers more opportunities to reach a global audience.

The expansion drive comes as the company increasingly builds and uses artificial intelligence and machine learning to simplify advertising and make it more efficient. The company offers AI-driven tooling to develop and optimize media plans. It also leverages AI to adapt existing advertiser assets.

Netflix, Inc. (NASDAQ:NFLX) is a technology-driven entertainment company that leverages AI, cloud computing, and massive data analysis to deliver personalized streaming to millions. Key technology initiatives include developing its own Open Connect CDN for content delivery, using generative AI for production and recommendations, and implementing a micro services architecture for platform resilience.

9. SAP SE (NYSE:SAP)

Number of Hedge Fund Holders: 36

Fisher Asset Management Equity Stake: $2.49 Billion

SAP SE. (NYSE:SAP) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 12, SAP SE (NYSE:SAP) unveiled a unified AI platform and autonomous suite for automating business processes through AI agents.

SAP Business AI Platform unifies SAP Business Technology Platform, SAP Business Data Cloud, and SAP Business AI into a single environment. On the other hand, SAP Autonomous Suite is the platform that deploys more than 50 domain-specific Journeys across finance, supply chain, and customer experience.

The integration of SAP Business AI Platform with SAP Autonomous Suite is part of SAP SE’s bid to anchor AI in business processes, data, and governance to deliver accurate and secure outcomes. The company has already set aside €100 million to help customers deploy SAP-built AI assistants and agents. It has also unveiled Joule Work, a new user interface that allows people to interact with Joule by describing business outcomes rather than by navigating applications.

​SAP SE (NYSE:SAP) is a global market leader in enterprise application software, specializing in Enterprise Resource Planning (ERP) systems that centralize data management across finance, HR, supply chain, and manufacturing.

8. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 256

Fisher Asset Management Equity Stake: $3.82 Billion

Meta Platforms, Inc. (NASDAQ:META) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 12, Meta Platforms Inc. (NASDAQ: META) entered into power purchase agreements with D.E Shaw Renewable Investments for 850 megawatts of renewable energy capacity.

The power purchase agreements consist of 500MW in Oklahoma, 200MW in Texas, and 150MW in Mississippi. The companies have also contracted 2,575MW of solar and battery storage projects across the US. The push is part of Meta Platforms’ bid to add new generation capacity to electrical grids as the company seeks to bolster economic development in rural areas across the country.

Similarly, Meta has unveiled a new chatting feature that enables private conversations with AI on WhatsApp and on the Meta AI app. Incognito Chat with Meta AI is a new feature built on Private Processing that ensures conversations remain inaccessible to anyone, including Meta. According to Meta, messages are processed in a secure environment that even the company cannot access.

Meta Platforms, Inc. (NASDAQ:META) is a tech company focused on social networking, digital advertising, artificial intelligence (AI), and immersive hardware. While widely known for owning Facebook, Instagram, and WhatsApp, the company also focuses on building the metaverse, a digital, 3D-connected environment.

7. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 202

Fisher Asset Management Equity Stake: $4.54 Billion

Broadcom Inc. (NASDAQ:AVGO) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 13, Broadcom Inc. (NASDAQ:AVGO) sued the European Union antitrust regulators over requests for documents containing legal advice it received regarding the VMware acquisition.

In the lawsuit filed at the Luxembourg-based General Court, the chip giant insists it is acting to protect legal professional privilege. It also insists it is solely protecting its rights under recognized rules on legal professional privilege in non-EU countries. The European Commission, which is the European Union’s competition enforcer, has already said it is ready to defend all its actions and decisions in court.

The lawsuit comes on the heels of lobby group CISPE filing an antitrust complaint against the US chip giant. The group wanted EU regulators to stop Broadcom from ending its VMware Cloud Service Provider program in Europe. In its lawsuit, CISPE reiterated that Broadcom had no right to demand complete disclosure from its members affected by its practices while maintaining opacity on matters pertaining to antitrust investigations.

On the other hand, Bank of America insists that Broadcom is one of the companies poised to benefit from the artificial intelligence data center market, which is expected to expand to $1.7 trillion by 2030 while growing at a 45% compound annual growth rate.

Broadcom Inc. (NASDAQ:AVGO) is a leading global technology company that designs, develops, and supplies a wide range of semiconductor and infrastructure software solutions. It is one of the key players in AI infrastructure, networking, and enterprise software.

6. ASML Holding NV (NASDAQ:ASML)

Number of Hedge Fund Holders: 101

Fisher Asset Management Equity Stake: $6.08 Billion

ASML Holding NV (NASDAQ:ASML) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 13, Goldman Sachs reiterated its Buy rating on ASML Holding NV (NASDAQ:ASML) and hiked the price target to €1,600 from €1,570.

The bullish stance and price target hike come amid expectations that the company is poised for tremendous growth in artificial intelligence demand. In addition, the company is exposed to China revenue and to customer-market-driven manufacturing inefficiencies. The investment bank also believes the company is benefiting from leading-edge semiconductor demand and higher spending on wafer fabrication equipment.

ASML Holding NV’s competitive edge is also expected to expand as extreme ultraviolet lithography gains a larger share of the product mix. In addition, it boasts of greater exposure to leading-edge memory compared to other semiconductor equipment makers in Europe.

Given the solid fundamentals, Goldman Sachs believes the stock is trading at a slight discount relative to peers in the global semiconductor capital equipment market. It also views the stock’s valuation as unjustified, given the accelerating AI-related growth and increasing exposure to leading-edge memory.

ASML Holding NV (NASDAQ:ASML) is the world’s leading manufacturer of lithography systems, which are essential machines used by semiconductor companies (like TSMC, Samsung, and Intel) to print tiny circuit patterns onto silicon wafers, enabling the mass production of advanced microchips.

Click to continue reading and see the Top 5 Tech Stocks in Billionaire Ken Fisher’s Portfolio.

Disclosure: None. Follow Insider Monkey on Google News.