5 Best Defensive Stocks to Buy Today According to Billionaire Ken Fisher

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1. Microsoft Corporation (NASDAQ: MSFT)

Number of Hedge Fund Holders: 251

The steady share price upside potential along with a long dividend growth history makes the world’s largest software company Microsoft Corporation (NASDAQ: MSFT) one of the most dependable stock to hold. It is the second-largest stock holding of the Fisher Asset Management portfolio, accounting for 3.98% of the portfolio and valued at around $5.65 billion.

ClearBridge Investments, an investment management firm, mentioned a few stocks including Microsoft Corporation in the first quarter investor letter. Here is what ClearBridge Investments stated:

“We also made adjustments to the portfolio’s top 10 holdings to increase the participation of select stocks. The FAANGs and Microsoft delivered mixed results during the quarter and we continue to be mindful of our weighting to these mega cap growth stocks to ensure they are not limiting our ability to add diversity through new ideas. Our repositioning has been encouraging so far with the portfolio performing better on up days in the market while maintaining good down capture during more turbulent sessions.”

You can also take a peek at Top 20 Defense Contractors in 2021 and Top 10 Aircraft Manufacturers in the World.

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