Ken Fisher Loves These 5 Defensive Stocks

2. Microsoft Corporation (NASDAQ:MSFT)

Fisher Asset Management’s Stake Value: $8.59 billion

Percentage of Fisher Asset Management’s Portfolio: 5.06%

Number of Hedge Fund Holders: 259

Microsoft Corporation (NASDAQ:MSFT) has been a part of Fisher Asset Management’s portfolio since the first quarter of 2022. As of December 2021, the company’s leading operating system, Microsoft Windows, holds close to a 74% market share worldwide. It is one of the reasons Microsoft is one of the best stocks to play it safe. Microsoft Corporation (NASDAQ:MSFT) has a dividend yield of 1.01%, which might seem low, but it is one of the signs of stability of the company.

Fisher Asset Management is the leading stockholder of Microsoft Corporation (NASDAQ:MSFT), with 27.87 million shares in the company worth $8.59 billion. Out of all the hedge funds tracked by Insider Monkey, Microsoft Corporation (NASDAQ:MSFT) is the second favorite stock among hedge funds, with 259 of them having a combined holding worth $65.638 billion.

Polen Capital discussed Microsoft Corporation (NASDAQ:MSFT) in its “Polen Global Growth Fund” first-quarter 2022 investor letter. Here is what it said:

“Microsoft’s business is firing on all cylinders and continue to enjoy an acceleration in their respective fundamentals because of the increase in digitization around the world. Nearly every company today is searching for ways to become more digital, and both Microsoft and Accenture are positioned to provide many of the solutions these companies seek. This inflection in fundamentals was not lost on the market, and each business’s stock performed exceptionally well in 2021. In fact, they represented two of the three top absolute performers for the Global Growth Portfolio last year. As a result, their respective stocks are currently more fully priced. As such, we lowered Microsoft from our largest position within the Portfolio. We maintain high conviction in Microsoft and plan to own it for many years, but recognize the increase in its prices.”