Billionaire Ken Fisher Bought These 5 Stocks for the Rest of 2022

2. ICICI Bank Ltd. (NYSE:IBN)

Fisher Investments’ Stake Value: $3.94M

Number of Hedge Fund Holdings: 27

Based in Vadodara, Gujrat, ICICI Bank Ltd. (NYSE:IBN) is an Indian multinational bank and financial services company which offers a wide range of banking products and financial services for corporate and retail customers. The company has a network of more than 5270 branches and 15,589 ATMs across India, and has a presence in over 17 countries including the United States, the United Kingdom, Canada, Qatar, and many more. As of the second quarter of 2022, ICICI Bank Ltd. (NYSE:IBN) reported a total revenue of $3.52 billion.

Investor interest around ICICI Bank Ltd. (NYSE:IBN) has declined in the second quarter of 2022, with 27 hedge funds having a collective stake of $1.07 billion. This was down from the preceding quarter, when 28 funds were long the stock, having a cumulative stake of $1.22 billion. As of Q2 2022, Rajiv Jain’s GQG Partners is the largest stakeholder in ICICI Bank Ltd. (NYSE:IBN), owning more than 28.3 million shares worth $502.9 million. Fisher Investments purchased 221,896 shares in ICICI (NYSE:IBN) in Q2 2022, having a total stake of $3.94 million.