In 2021, billionaire Ken Fisher placed a large bet on growth stocks. Since November of last year, growth stocks have underperformed value equities. Strong revenue growth expectations suggest that the current downturn is only transitory. Fisher Asset Management, which manages $159 billion in assets, had $141 billion in a 13F portfolio. Stocks in the information technology sector accounted for 26% of the portfolio’s weighting. Ken Fisher, a billionaire, does not believe in putting all of his eggs in one basket. Apple and Amazon.com are among the large tech giants in his Q1 portfolio. Fisher’s hedge fund’s financial sector holdings, which were over 30% of the portfolio in 2019, had shrunk to barely 19% at the end of the first quarter of 2021. Ken Fisher’s favorite investment sectors are communications and technology. In recent years, he has made big gains in companies in the communications industry. His technique of buying energy equities on the cheap contributed significantly to the overall result.
Insider Monkey reviews the 10 best growth stocks for the next 10 years. Since the beginning of the year, billionaire Ken Fisher has owned Advanced Micro Devices, Inc. Despite an 11% year-to-date drop in share price, AMD stock is still up 50% in the last twelve months. In the most recent quarter, revenue increased by 92 percent. Given its 47 percent year-over-year revenue growth in the most recent quarter, social media behemoth Facebook, Inc. is one of the fastest-growing firms. According to billionaire Ken Fisher, the stock ranks 9th on the list of the finest growth companies for the next ten years. Hedge fund interest in Freeport-McMoRan Inc. has increased in recent months. At the end of March, it was in 68 hedge funds’ portfolios, up from 61 holdings the previous quarter. During the first quarter, billionaire Ken Fisher increased his holding in The Home Depot, Inc. by 2%. The company’s revenue and other financial parameters have been steadily increasing. According to billionaire Ken Fisher, the stock ranks seventh on the list of the finest growth companies for the next ten years. In 2021, ASML Holding N.V. is one of the growth companies that will outperform value stocks. Ken Fisher began investing in ASML Holdings in 2009 and increased his holdings by 2% to 3.96 million shares in the most recent quarter. According to billionaire Ken Fisher, the stock ranks sixth on the list of the finest growth companies for the next ten years. For more details, click 10 Best Growth Stocks for the Next 10 Years.
