5 Blue Chip Stocks to Buy 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 Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) is the biggest holding of Fisher Asset Management as of the first quarter of 2022. As of March 31, Fisher Asset Management owns more than 63.94 million shares of the company, which amounts to a stake of $11.16 billion and covers 6.58% of Ken Fisher’s 13F portfolio.

As of this June, Morgan Stanley analyst Katy Huberty has an Overweight rating and a $195 price target on Apple Inc. (NASDAQ:AAPL) shares.

On April 28, Apple Inc. (NASDAQ:AAPL) delivered strong financial results for the fiscal second quarter of 2022 and topped Wall Street expectations. The company registered an EPS of $1.52 and beat estimates by $0.09. Apple Inc. (NASDAQ:AAPL) reported revenue of $97.28 billion, up 8.59% year over year, and beat expectations by $3.29 billion.

At the close of Q1 2022, 131 hedge funds disclosed ownership of stakes in Apple Inc. (NASDAQ:AAPL). The total value of these funds’ stakes was estimated at $182 billion.

ClearBridge Investments mentioned Apple Inc. (NASDAQ:AAPL) in its fourth-quarter 2021 investor letter. Here is what the firm said:

“Despite these mixed emerging growth results, the ClearBridge Global Growth Strategy outperformed the benchmark due to resilience among our secular and structural growth holdings. The bulk of these contributions came from U.S. mega-cap growth stocks Apple and Microsoft which continued to uniquely act both offensively and defensively as they have through most of the pandemic.”

You can also take a look at 10 Blue Chip Stocks in Warren Buffett’s Portfolio and Billionaire Ken Fisher’s Top 10 High Dividend Stock Picks.

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