Billionaire Ken Fisher's Top Stock Pickshttp://www.fool.com/investing/general/2012/11/21/billionaire-ken-fishers-top-stock-picks.aspx Nicole Seghetti
November 22, 2012
Ken Fisher runs the $34 billion hedge fund Fisher Asset Management, an independent money management firm. Fisher's picks have outperformed the S&P 500 by more than 5% on average annually for the past 15 years. In addition to his day job, Fisher's been a Forbes columnist for nearly three decades. He's literally written the book -- several New York Times best-selling ones, in fact -- on investing. Bottom line: This guy knows his stuff. And we investors should sit up and take notes.
Under the hood of Fisher's picks
Check out Fisher Asset Management's top 10 holdings based on its 13-F SEC filing for Q3 2012. These positions make up roughly 20% of the hedge fund's portfolio.
All of the hedge fund's top stock holdings are large-cap or megacap stocks, meaning market capitalization greater than $10 billion or $100 billion, respectively. Fisher points out his bullishness on very large company stocks in his Stock Market Outlook for Q4 2012. Of these stocks, he loaded up most heavily on shares of Apple in the most recent quarter.
Let's look at five of these companies and examine some possible reasons Fisher likes these stocks in particular.