Billionaire Ken Fisher’s Top SMid-Cap Stock Picks

Following a 6% cut in its ownership of Domino’s Pizza Inc (NYSE:DPZ), Fisher Asset Management finished the second quarter of the year with 1.59 million shares of the company valued at some $179.91 million. Domino’s Pizza Inc (NYSE:DPZ) is a world famous pizza chain with over 11,600 stores in 75 countries around the globe. On a year-to-date basis, its equity has appreciated by 17.87% versus 5.73% for the industry as a whole. One of the major reasons for that hides in the company’s latest quarterly earnings results, for the second quarter of 2015, which proved to be rather successful. Domino’s Pizza Inc (NYSE:DPZ) reported $0.81 in EPS or 21% higher that in the same period last year, mostly on a higher number of franchised stores and improved international sales, the latter being partially offset by the strong U.S dollar effect. Renaissance Technologies, led by Jim Simons, despite a 5% slash in its position, topped the list of the largest investors in the securities of Domino’s Pizza Inc (NYSE:DPZ) as of March 31  among the funds we track, holding 3.45 million shares valued at $346.78 million.

Lastly, Fisher’s fund reported having around 3.00 million shares of East West Bancorp Inc (NASDAQ:EWBC) worth $134.62 million after the first six months of the year. East West Bancorp Inc (NASDAQ:EWBC) is a $6.42 billion company, engaged, as it pretty much follows from the name, in the banking business. So far this year, investors who decided to pursue the stock of East West Bancorp Inc (NASDAQ:EWBC), like Fisher, should be happy with the 15.22% equity returns and 1.79% dividend yield they’ve received. In general, East West Bancorp seems to be a great bank, with an efficiency ratio below 50% and a ROE of 15.7%. Phill Gross and Robert Atchinson’s Adage Capital Management held some 1.61 million shares of East West Bancorp Inc (NASDAQ:EWBC) worth $65.14 million as of March 31.

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