Top 12 Tech Stocks to Buy According to Billionaire Ken Fisher

8. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders as of Q4: 162

Fisher Asset Management’s Equity Stake: $4.16 Billion

Salesforce, Inc. (NYSE:CRM) is a leading provider of cloud-based software solutions headquartered in San Francisco, California. The company continues to navigate 2025 with a focus on innovation; it recently introduced Agentforce 2dx, a next-generation AI-powered platform designed to enhance both customer service and internal employee workflows. This launch represents Salesforce’s ongoing efforts to evolve its product offerings in response to dynamic enterprise needs and to maintain its position at the forefront of AI-driven enterprise software solutions.

Investor confidence in Salesforce, Inc. (NYSE:CRM) remains resilient, as reflected by a notable increase in hedge fund participation. 162 hedge funds out of 1,009 in Insider Monkey’s database held stakes in the company, with a combined stake of $15 billion by the end of Q4 2024, as opposed to 116 hedge funds at the end of Q3 the same year, signaling growing institutional optimism about the company’s long-term strategic direction.

Salesforce, Inc. (NYSE:CRM) recently reported its financial results for the quarter ending in January 2024, revealing a mixed performance that fell short of analyst expectations. While the company exceeded earnings per share (EPS) forecasts, reporting $2.78 adjusted EPS versus the expected $2.61, its revenue of $9.99 billion narrowly missed the consensus estimate of $10.04 billion. Nevertheless, this represented a 7.6% year-over-year increase in revenue for the quarter ending January 31.

The company’s net income improved to $1.71 billion, or $1.75 per share, up from $1.45 billion, or $1.47 per share, in the same quarter the previous year. This gain highlights Salesforce, Inc. (NYSE:CRM)’s continued ability to expand profitability even amid softer-than-anticipated revenue performance. However, some of its core business segments underperformed relative to market expectations. For example, its largest revenue segment, Subscription and Support, generated $2.33 billion in service revenue, up about 8% year-over-year but below the $2.37 billion forecast.

Parnassus Growth Equity Fund stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q4 2024 investor letter:

“Salesforce, Inc. (NYSE:CRM) reported third-quarter results that exceeded analysts’ expectations, as the integration of AI technology across the customer relationship management software company’s product offerings has driven robust growth in new deals.”