This article looks at the top 10 picks from the Ken Fisher stock portfolio.
Ken Fisher is an American billionaire investment analyst and founder of Fisher Investments, a renowned money management firm in the financial world with over 170,000 clients globally and assets of $299 billion as of the end of 2024.
READ ALSO: 12 Best Long-Term Stocks to Buy According to Ken Fisher and Billionaire Ken Fisher’s Top 10 High Growth Stock Picks.
Ken Fisher’s Investment Philosophy and Strategies
He founded Fisher Investments in 1979 and managed to grow it to big proportions through aggressive advertisements. It is one of the most advertised investment advisors in the country, with the company reaching out directly to clients and prospects to promote its products.
Another factor that has significantly contributed to the firm’s growth is that it targets high net worth individuals for investments. The company also has a positive reputation in the market for retaining portfolio management talent, which is evident from its low turnover compared to other companies in the industry, and has helped the firm have a continuity of policies and strategies.
The firm’s investment philosophy is based on Fisher’s fundamental belief in capitalism and free markets, where demand and supply determine the prices of securities. It also has a firm reliance on market research and metrics such as price-to-sales ratio to find undervalued growth stocks.
Fisher stepped down as CEO in 2016, but still has an active role to play in the firm as its Executive Chairman and Co-Chief Investment Officer. Moreover, his influence on financial markets extends well beyond asset management as he is an author of 11 books, four of which became best-sellers. The billionaire has also published many papers and is a columnist for several notable newspapers and magazines.
Recent Developments
In January this year, Fisher Investments announced that Advent International, a wholly owned subsidiary of the Abu Dhabi Investment Authority, had completed a $3 billion minority stock investment in the firm. The transaction values Fisher Investments at $12.75 billion. The strategic partnership is part of Ken Fisher’s long-term estate planning, and will ensure that the firm maintains its private independence and commitment to exceptional client service.
While Trump’s tariffs have sent shockwaves through the markets, Fisher Investments is confident about the long-term outlook. Here is what the firm stated on its weekly website series, This Week in Review:
“While more downside is possible, we think the biggest risk for investors is making any knee jerk decisions amid fast moving tariff news. Market volatility can feel unsettling. However, selling stocks during a downturn can lead to missing out on gains if the market rebounds, which we believe will happen this year.”
With that said, let’s now head over to the list of top picks from the Ken Fisher stock portfolio.
Methodology
We scanned Fisher Asset Management’s 13F portfolio, as of December 31, 2024. From there, we picked the top 10 stocks according to their stake value and ranked them in ascending order. ETFs have been excluded from our list.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Ken Fisher Stock Portfolio: Top 10 Stock Picks
10. Salesforce, Inc. (NYSE:CRM)
Stake Value as of Q4 2024: $4,163,703,333
Salesforce, Inc. (NYSE:CRM) is a cloud-based software company that provides customer relationship management technology to connect customers and companies worldwide. Fisher Asset Management is the largest investor in the company, with holdings valued at over $4.16 billion.
On March 5, Salesforce, Inc. (NYSE:CRM) unveiled Agentforce 2dx, the newest version of Agentforce, which will expand beyond the user-initiated, reactive chat interfaces by enabling proactive AI agents to work behind the scenes to unlock new customer and employee workflows. The launch is likely to help organizations improve efficiency, agility, and scale.
The launch is expected to improve investor sentiment around the stock, which has plunged 18% year-to-date, with a significant hit following the Q4 2025 earnings call late last month in which Salesforce, Inc. (NYSE:CRM) reported weaker-than-expected quarterly revenue and shared a light guidance for fiscal 2026.
Salesforce, Inc. (NYSE:CRM) had an impressive double-digit revenue growth for 20 straight years through 2022. However, growth rates have slowed down since then, with analysts projecting the pattern to continue through fiscal 2027.
Despite the grim outlook, investors remain bullish on Salesforce, Inc. (NYSE:CRM) and expect the stock to bounce back strongly. According to Insider Monkey’s database for Q4 2024, 162 hedge funds held a stake in the company, up from 116 at the end of the third quarter. It is among the top picks from the Ken Fisher stock portfolio.
9. JPMorgan Chase & Co. (NYSE:JPM)
Stake Value as of Q4 2024: $4,171,298,385
JPMorgan Chase & Co. (NYSE:JPM) is a financial services company that provides a range of investment banking and asset management solutions for a diverse client base. For the past four years, it has been the largest bank in the U.S. for retail deposits.
The stock has been pressured over the past month with shares declining 15% after February’s economic data pointed to weakness in the economy. Ongoing tariff updates have also hurt investor sentiment.
In another blow to the company, Wells Fargo has sued JPMorgan Chase & Co. (NYSE:JPM) over a $481 million real estate loan for allegedly being based on a fraudulently inflated financial metric. Wells Fargo has accused the bank of turning a blind eye during due diligence in pursuit of fees.
Despite recent challenges, JPMorgan Chase & Co. (NYSE:JPM)’s overall outlook remains stable. The company topped estimates for both revenue and profit for Q4 2024, driven by better-than-expected net interest income and strong investment banking results. Profit surged 50% during the fourth quarter, which helped the company post an annual profit of $58.5 billion for the full year.
Wall Street analysts are bullish on JPMorgan Chase & Co. (NYSE:JPM) with a consensus Buy rating and an average share price upside potential of 8%. It is among the top picks from the Ken Fisher stock portfolio.
8. Walmart Inc. (NYSE:WMT)
Stake Value as of Q4 2024: $4,408,451,741
Walmart Inc. (NYSE:WMT) is an American multinational retail company that operates hypermarkets, discount stores, and cash and carry stores in the United States and select markets in different parts of the world. Each week, around 270 million customers and members visit Walmart’s stores and eCommerce websites in 19 countries.
US stocks have plunged in response to Trump’s tariffs on imports of foreign goods. This includes Walmart Inc. (NYSE:WMT), which is down 14% over the past month. However, the company’s CEO, Doug McMillon, is confident the retailer can navigate through the situation, while admitting it will likely feel some pressure.
Walmart Inc. (NYSE:WMT) sources about two-thirds of its products from the United States. Analysts believe this should help the company avoid the pain some of its other competitors would go through. According to a recent Bloomberg report, the retail giant has also started reaching out to its Chinese suppliers for price cuts, as it looks to shift the burden back to firms in the Asian nation. However, only a few have accepted so far.
During its recent Q4 2025 earnings call, Walmart Inc. (NYSE:WMT) reported a revenue of $681 billion for the full year, up 5.1% from last year. Its global advertising business grew 27% year-over-year to about $4.4 billion. Operating income was up $2.3 billion or 8.6%. For fiscal 2026, the company anticipates sales to increase 3% to 4% and adjusted operating income to grow between 3.5% to 5.5%.
Walmart Inc. (NYSE:WMT) is among the top picks from the Ken Fisher stock portfolio. The hedge fund has investments of nearly $4.41 billion in the retail company.
7. Broadcom Inc. (NASDAQ:AVGO)
Stake Value as of Q4 2024: $5,541,745,568
Broadcom Inc. (NASDAQ:AVGO) is a leading developer, manufacturer, and supplier of semiconductor and infrastructure software products. The company has a diverse revenue stream, which provides it a competitive edge by ensuring consistently high revenues through quarters.
On March 6, Broadcom Inc. (NASDAQ:AVGO) announced financial results for the first quarter of fiscal 2025. It reported a record revenue of $14.9 billion, up 25% from last year. Adjusted EBITDA surged 41% year-over-year to $10.1 billion. Diluted EPS was logged at $1.60, beating expectations by 9 cents. The strong results were driven by a 77% increase in AI revenue and a 47% growth in infrastructure software revenue.
Following the results, several firms raised their price targets for the stock. Wall Street analysts are bullish on Broadcom Inc. (NASDAQ:AVGO), with a consensus Strong Buy rating and an average share price upside potential of 21%.
Earlier in the month, Broadcom Inc. (NASDAQ:AVGO) launched VeloSky, a converged networking solution to enable CSPs to offer integrated connectivity through a single appliance. It will help service providers drive the adoption and utilization of their 5G services and unlock new revenue streams.
According to Insider Monkey’s database for Q4 2024, 161 hedge funds held a stake in the company, improving from 128 at the end of the third quarter. Broadcom Inc. (NASDAQ:AVGO) is among the top picks from the Ken Fisher stock portfolio.
6. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Stake Value as of Q4 2024: $5,599,226,818
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a semiconductor design and manufacturing foundry based in Taiwan. According to a CNN report, the company produces around 90% of the world’s super-advanced semiconductor chips used to power electronic devices such as smartphones, servers, and laptops. These chips are also used to run most artificial intelligence applications.
Last week, the company announced that it intends to expand investment in the United States by an additional $100 billion, building on the ongoing $65 billion investments in its manufacturing operations in Phoenix, Arizona. The plan includes three new fabrication plants, two advanced packaging facilities, and an R&D team center.
On March 10, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) declared its revenue report for February 2025. Revenue for the month totalled NT$260.01 billion, up 43.1% year-over-year. Revenue for the first two months of 2025 stood at approximately NT$553.30 billion, representing a 39.2% increase compared to the corresponding period last year.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is continuing to see robust demand for chips used in AI applications. Wall Street analysts are bullish on the stock, with a consensus Strong Buy rating and an average share price upside potential of 35%.
According to Insider Monkey’s database for Q4 2024, 186 hedge funds held a stake in the company, up from 158 at the end of the third quarter. It is among the top picks from the Ken Fisher stock portfolio.
5. Alphabet Inc. (NASDAQ:GOOGL)
Stake Value as of Q4 2024: $9,581,426,909
Alphabet Inc. (NASDAQ:GOOGL) owns several notable platforms such as Google Search, Google Maps, Gmail, and YouTube. The company is also known for pioneering work and research in cloud computing, quantum computing, and artificial intelligence. It is one of the top picks from the Ken Fisher stock portfolio.
According to a report on CNBC last week, tech stocks have declined by more than 7% since Trump’s inauguration, with new tariffs sparking a trade war and further aggravating the risk-off sentiment in the markets. Alphabet Inc. (NASDAQ:GOOGL) is among the stocks affected and has fallen by over 13% year-to-date.
While the ongoing macroeconomic crisis has pulled down stocks, it has also created a compelling opportunity for investors to buy the dip. Analysts believe Alphabet Inc. (NASDAQ:GOOGL) is an attractive stock to invest in during the pullback, considering the company’s dominance in digital media and initiatives to advance AI and computational capabilities.
Alphabet Inc. (NASDAQ:GOOGL) recently launched its latest quantum computing chip, called Willow, which is expected to be useful for large-scale simulation and code-breaking when quantum computing matures. The technology will help reduce errors exponentially as it scales up using more qubits. Industry experts are describing this as a major breakthrough that has been pursued for nearly three decades.
This week, the company announced that its self-driving car firm, Waymo, will begin offering rides to passengers in a handful of cities near its headquarters. Alphabet Inc. (NASDAQ:GOOGL) has been aggressively expanding Waymo and plans to test it in ten new cities in 2025.
4. Amazon.com, Inc. (NASDAQ:AMZN)
Stake Value as of Q4 2024: $9,907,594,875
Amazon.com, Inc. (NASDAQ:AMZN) is an American multinational technology company that engages in e-commerce, online advertising, cloud computing, artificial intelligence, and digital streaming.
On February 6, the company declared financial results for the fourth quarter of fiscal 2024. It reported net sales of $187.8 billion, increasing 10% from last year, driven by robust sales growth in the North America and International segments. AWS segment sales were also up 19% year-over-year to $28.8 billion.
Amazon.com, Inc. (NASDAQ:AMZN)’s operating income increased to $21.2 billion, improving substantially from $13.2 billion during the prior year’s period. Net income jumped 88% year-over-year to $20 billion. Diluted EPS was logged at $1.86, smashing expectations of $1.49 per share.
This was the first instance of Amazon.com, Inc. (NASDAQ:AMZN) dethroning Walmart in quarterly revenue. The strong show in Q4 has led to a bullish sentiment around the company. Wall Street analysts have a consensus Strong Buy rating for the stock, with an average share price upside potential of 34%.
According to Insider Monkey’s database, Amazon.com, Inc. (NASDAQ:AMZN) is the most owned stock by hedge funds. As of Q4 2024, 339 firms held a stake in the company, up from 286 at the end of the third quarter. Below is an excerpt from RiverPark Large Growth Fund’s Q4 2024 investor letter:
“With its ability to continue its market share gains in its three leading businesses (e-commerce, web services and online advertising), plus a multi-year operating margin expansion opportunity (from improved e-commerce margins and greater contribution from the faster growing, higher margin AWS and advertising segments), we believe Amazon remains one of the best-positioned global growth companies in the world.”
Amazon.com, Inc. (NASDAQ:AMZN) is among the top picks from the Ken Fisher stock portfolio, with a stake value of approximately $9.9 billion.
3. Microsoft Corporation (NASDAQ:MSFT)
Stake Value as of Q4 2024: $11,898,314,040
Microsoft Corporation (NASDAQ:MSFT) is an American technology company, best known for its operating systems and software products. It is among the top picks from the Ken Fisher stock portfolio.
The Intelligent Cloud segment has become a major driver of growth for Microsoft Corporation (NASDAQ:MSFT). The segment’s revenue increased 19% year-over-year during the second quarter of fiscal 2025 and contributed 37% of the company’s overall revenue of $69.6 billion, led by a strong show from Azure and other cloud services.
Microsoft Corporation (NASDAQ:MSFT)’s Productivity and Business Processes segment also delivered an impressive 14% growth in revenue to reach $29.4 billion. M365 Commercial cloud revenue was up 16%, while M365 Consumer cloud revenue grew 8%. LinkedIn revenue also increased 9% during the quarter.
Microsoft Corporation (NASDAQ:MSFT) returned $9.7 billion to shareholders through dividends and share repurchases in Q2, reflecting its commitment to shareholder returns. Wall Street analysts are bullish on the stock, with a consensus Strong Buy rating and an average share price upside potential of 33.8%.
According to Insider Monkey’s database for Q4 2024, 317 hedge funds held a stake in Microsoft Corporation (NASDAQ:MSFT), improving from 279 at the end of the third quarter.
2. NVIDIA Corporation (NASDAQ:NVDA)
Stake Value as of Q4 2024: $13,205,995,273
NVIDIA Corporation (NASDAQ:NVDA) is a full-stack computing infrastructure company. It is the go-to company for firms looking for GPUs and semiconductors as they increase spending on artificial intelligence, which has been a significant catalyst behind the chipmaker’s growth.
The stock’s market value surged by over $2 trillion last year, driven by robust demand for AI chips and a growing interest in artificial intelligence. However, shares have been volatile in 2025. NVIDIA Corporation (NASDAQ:NVDA) crashed 17% in January amid concerns about increased competition from China’s DeepSeek. The dip then resulted in a market cap loss of nearly $600 billion.
Shares almost fully recovered over the next few weeks, but have been dealt another blow with President Trump’s tariffs derailing the AI market. The company is also facing scrutiny over concerns of unofficial exports to China. Last week, authorities in Singapore arrested three people on charges of allegedly smuggling NVIDIA Corporation (NASDAQ:NVDA) chips to China.
Despite ongoing challenges, analysts remain bullish on NVIDIA Corporation (NASDAQ:NVDA) with a consensus Strong Buy rating. The company is seeing increased demand for its H20 chips amid a rise in Chinese firms adopting DeepSeek’s AI models. The Korean government also recently announced plans to acquire 10,000 high-performance GPUs to build a national AI computing center. These include NVIDIA’s H100 and H200 GPUs.
NVIDIA Corporation (NASDAQ:NVDA)’s financial performance remains robust. On February 26, the company declared a record full-year revenue of $130.5 billion for fiscal 2025, up 114% from last year. Non-GAAP diluted EPS was $2.99, increasing 130% from a year ago.
1. Apple Inc. (NASDAQ:AAPL)
Stake Value as of Q4 2024: $14,847,413,073
Apple Inc. (NASDAQ:AAPL) is known for its consumer electronics, software, and other related products. Its premium line of products, which includes the iPhone, iPad, Mac computers, and a range of other accessories, has earned the company widespread acclaim and customer loyalty.
The stock has crashed nearly 8% over the past week as markets tumbled over concerns about ongoing tariffs. Investor sentiment has also been hurt by delays in upgrading Siri with AI. On March 12, Morgan Stanley cut Apple Inc. (NASDAQ:AAPL)’s price target to $252 per share from $275. Analysts at Citi also expect the delay to affect iPhone sales.
However, Apple Inc. (NASDAQ:AAPL) is hopeful that the launch of the iPhone 16e, which offers artificial intelligence features at a dramatically lower price compared to its standard flagships, will help in bolstering demand for its most profitable product lineup through a more affordable option.
The tech giant has also reached an agreement with the Indonesian government to resume iPhone 16 sales in the country. Jakarta had banned Apple Inc. (NASDAQ:AAPL) from selling the smartphone in the country due to a regulation mandating that phones and tablets being sold in Indonesia must have at least 40% locally-produced components.
On January 30, Apple Inc. (NASDAQ:AAPL) reported financial results for the first quarter of fiscal 2025. Despite a 1% dip in iPhone sales due to weakness in China, the company’s gross margin reached a record 46.9%, driven by a flourishing services business. Total revenue stood at $124.3 billion, up 4% year-over-year, while quarterly diluted EPS grew 10% to $2.40 per share.
Wall Street analysts are bullish on the stock with a consensus Buy rating. According to Insider Monkey’s database for Q4 2024, 166 hedge funds held a stake in the company, up from 158 at the end of the third quarter. It is the top pick from the Ken Fisher stock portfolio.
Overall, Apple Inc. (NASDAQ:AAPL) ranks first among the Ken Fisher Stock Portfolio: Top 10 Stock Picks. While we acknowledge the potential of technology companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires
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