Ken Fisher Stock Portfolio: 5 Biggest Tech Stocks

2. Microsoft Corporation (NASDAQ:MSFT)

Fisher Asset Management’s Stake Value: $6,721,915,000
Percent of Fisher Asset Management’s 13F Portfolio: 4.22%
Number of Hedge Fund Holders: 238 

As of Q2 2021, Fisher Asset Management holds 24.8 million shares in Microsoft Corporation (NASDAQ:MSFT), valued at $6.7 billion. The company accounts for 4.22% of the hedge fund’s 13F portfolio. Recently, Morgan Stanley lifted its price target on Microsoft Corporation (NASDAQ:MSFT) to $331, while keeping an ‘Overweight’ rating on the shares.

Of the 873 hedge funds tracked by Insider Monkey, 238 hedge funds have positions in Microsoft Corporation (NASDAQ:MSFT) in Q2, valued at over $62.4 billion. The number of hedge funds having stakes in the company stood at 251 in the previous quarter.

Baron Opportunity Fund released its second-quarter 2021 investor letter and mentioned Microsoft Corporation (NASDAQ:MSFT) in it. Here is what the firm has to say: 

“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft was a top contributor in the period because it trades at reasonable free cash flow and earnings valuations, has cloud and digital transformation tailwinds at its back, reported a solid March quarter, and beat Street expectations by a wide margin. Microsoft’s results continued to be strong across the board, with Azure cloud computing revenues up 46% in constantcurrency (“cc”) terms and commercial cloud bookings growth of 38% cc, the best in years. Microsoft also reported robust profitability growth, with operating income expanding 31% and GAAP earnings up 45%. We believe the company is well positioned for continued solid growth and profitability through market share gains as more companies look to transform and digitize their businesses as they move operations to the cloud.”