In this article, we will discuss Ken Fisher’s top growth stocks.
Ken Fisher is the founder and executive chairman of Fisher Asset Management, a renowned investment and financial analysis expert. He established the firm in 1979 and now has $299 billion in assets under management. Over the years, he has built a legacy of innovative investment strategies, a contrarian approach, and a focus on long-term growth.
Investment Philosophy and Strategies of Fisher:
Compared with many other firms, Fisher Investments’ most distinctive aspects are its methodical approach to portfolio management and its reliance on research. In his 1984 book Super Stocks, he popularized the Price-to-Sales (P/S) ratio to find undervalued growth stocks. The ratio continues to play a key role in his firm’s stock selection process, helping to uncover companies with strong growth prospects that might be hidden from the broader market.
Fisher’s contrarian mentality distinguishes him from most investors. He advises questioning mainstream market sentiments and looking for opportunities others might miss. His book The Only Three Questions That Count examines this more in-depth, explaining how good investors must constantly challenge their view of the world, find insights no one else sees, and combat mental biases to find the right investment opportunity.
Diversified Portfolio and Sector Emphasis:
The firm’s holdings express Fisher’s long-held maxim that diversification helps reduce risk. Technology is a particularly strong-performing sector, accounting for 31.8% of the portfolio as of Q3 2024, displaying Fisher’s faith in the enduring rise of tech stocks. The portfolio is also heavy in other sectors, such as services (14.6%), financial services (12.3%), and healthcare (10.5%).
In 2024, Fisher Investments achieved an incredible 32.18% return, fueled mainly by its tech positions, especially in companies that benefited from the artificial intelligence boom. While many investors have become cautious about frothy tech valuations, Fisher’s firm has remained steadfast, doubling down on AI chipmakers and other tech innovators.
Recent Developments:
In January 2025, Fisher Investments finalized the sale of a minority stake valued at nearly $3 billion to Advent International and the Abu Dhabi Investment Authority, valuing the firm at approximately $13 billion. The decision is a strategic move that has been a part of Ken Fisher’s long-term estate planning, allowing the firm to continue its private independence and never-ending commitment to outstanding client service. Given this, we will take a look at some of the best high growth stocks in Ken Fisher’s portfolio.
Our Methodology
To analyze Billionaire Ken Fisher’s Top 10 High Growth Stock Picks, we began by reviewing the largest positions in Fisher Asset Management’s portfolio as of Q3 2024. We focused on identifying stocks with trailing twelve-month (TTM) revenue growth of at least 20% compared to 2023, as this growth metric highlights companies demonstrating robust expansion. We then picked the first ten stocks that met the growth criteria, providing a clear overview of high-growth opportunities in the portfolio.
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10. Wynn Resorts, Limited (NASDAQ:WYNN)
Net revenue growth in the past 12 months: 25.16%
Wynn Resorts, Limited (NASDAQ:WYNN) is a luxury hospitality and gaming company that develops, owns, and operates high-end destination casino resorts. The company’s iconic properties are renowned for their luxurious amenities, upscale entertainment offerings, and world-class service.
Strategically, Wynn Resorts, Limited (NASDAQ:WYNN) is expanding its global footprint. In January 2025, the company announced plans to acquire Crown London Aspinalls, a prestigious members-only casino located in London’s Mayfair district. This acquisition, pending regulatory approvals expected in the second half of 2025, marks Wynn’s entry into the UK market and aligns with its strategy to expand its presence in Europe and the Middle East.
Wynn Resorts, Limited (NASDAQ:WYNN) reported operating revenues of $1.69 billion for the third quarter of 2024, marking a 1.2% increase from $1.67 billion in the same period of 2023. The net loss attributable to Wynn Resorts was $32.1 million for the third quarter of 2024, an improvement compared to a net loss of $116.7 million for the third quarter of 2023.
The stock constitutes 0.15% of Fisher’s portfolio. As of the close Q3 2024, Fisher Asset Management had over 3.9 million shares in Wynn Resorts, Limited (NASDAQ:WYNN), worth more than $380.8 million. During the quarter, the hedge fund increased its position in the company significantly by 71%.
9. Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)
Net revenue growth in the past 12 months: 27.08%
Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is a multinational financial services company based in Spain, offering banking, insurance, and asset management services in several countries.
On October 31, 2024, Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) reported strong financial results for the first nine months of 2024, achieving a net attributable profit of $8.3 billion, a 27.9% increase compared to the same period in 2023. This growth was driven by a 5.7% rise in net interest income to $20.5 billion and supported by the bank’s investments in technology and expansion, despite a 10.3% increase in operating expenses to $11.1 billion.
Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) diversified operations in Spain, Mexico, Turkey, and South America contributed to these results, with profit increases of 37.6% in Spain and 5.6% in Mexico. Additionally, the bank prioritized shareholder value, paying its highest-ever dividend of $0.31 per share on October 10, 2024—an 81% increase from the prior year.
Fisher Asset Management reduced its total position in BBVA by 2% during Q3 2024 but still owns 50.9 million shares worth $552.3 million. The stock represented 0.22% of the hedge fund’s total 13F portfolio.
