5 Best Stocks to Buy Now According to Billionaire Ken Fisher

1. Apple Inc. (NASDAQ:AAPL)

Fisher Asset Management’s Stake Value: $11,166,276,000

Percentage of Fisher Asset Management’s 13F Portfolio: 6.58%

Number of Hedge Funds as of December 31: 134

Apple Inc. (NASDAQ:AAPL) is the biggest holding in Ken Fisher’s portfolio. Fisher Asset Management has a stake worth over $11 billion in the company as of Q1 2022. The hedge fund initiated a position in Apple Inc. (NASDAQ:AAPL) in Q4 2010.

Apple Inc. (NASDAQ:AAPL) is in the news these days for replacing its conventional lightning charging port with the more prevalent USB-C connector. This could help Apple Inc. (NASDAQ:AAPL) in overcoming expected regulations in the EU. The iPhone 15 is expected to be the first phone with a USB-C connector.

Berkshire Hathaway discussed its stance on Apple Inc. (NASDAQ:AAPL) in its Q4 2021 investor letter. Here’s what it said:

“Apple Inc. (NASDAQ:AAPL) – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job. It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.”

At the end of Q4 2021, Apple Inc. (NASDAQ:AAPL) was held by 134 hedge funds.

You can also take a peek at the 12 Best American Stocks To Buy in 2022 and 15 Most Valuable E-Commerce Companies.

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