Ken Fisher Stock Portfolio: 5 Biggest Tech Stocks

1. Apple Inc. (NASDAQ:AAPL)

Fisher Asset Management’s Stake Value: $8,883,179,000
Percent of Fisher Asset Management’s 13F Portfolio: 5.57%
Number of Hedge Fund Holders: 138

Apple Inc. (NASDAQ:AAPL) tops our list of Ken Fisher’s top tech stock picks. It is an American multinational technology company that manufactures consumer electronics, smart devices, and computer software. 

As of Q2 2021, Fisher Asset Management holds approximately 64.9 million shares in Apple Inc. (NASDAQ:AAPL), valued at $8.9 billion. The company represents 5.57% of the hedge fund’s 13F portfolio. In Q2 2021, Apple Inc. (NASDAQ:AAPL) reported revenue of $81.4 billion, up 36.4% from the prior-year quarter. The company’s iPhone sales accounted for $39.57 billion of the gross revenue, versus the estimates of $34.5 billion. In October, Morgan Stanley lifted its price target on Apple Inc. (NASDAQ:AAPL) to $168, while keeping an ‘Overweight’ rating on the shares. In the past year, the stock gained 15.43%. 

As of Q2 2021, 138 hedge funds tracked by Insider Monkey have positions in Apple Inc. (NASDAQ:AAPL), up from 127 in the previous quarter. These stakes are valued at $145.5 billion. With over 887 million shares, worth $121.5 billion, Berkshire Hathaway is the company’s leading shareholder.

ClearBridge Investments mentioned Apple Inc. (NASDAQ:AAPL) in its first-quarter 2021 investor letter. Here is what the firm has to say:

“As we actively manage holdings and position sizes, we look to regularly recycle capital into more compelling opportunities. Maintaining our valuation discipline, we sharply reduced our position in Apple, whose shares more than doubled following our initial purchase in mid-2019 with an earnings multiple rising from the low-to-mid teens to nearly 30x.”

You can also take a look at 10 Best Stocks to Buy According to Billionaire Ken Fisher and 10 Best Defensive Stocks to Buy Today According to Billionaire Ken Fisher

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