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In our latest analysis, we explore the position of Meta Platforms, Inc. (NASDAQ:META) within the context of billionaire investor Ken Fisher’s top growth stock selections. Our previous publication highlighted Billionaire Ken Fisher’s Top 13 Growth Stock Picks.
Famed investor Kenneth L. Fisher opens his book, “The Only Three Questions That Count: Investing by Knowing What Others Don’t,” with a call for self-reflection among investors. At 74, Fisher, often referred to simply as Ken, boasts a fortune of approximately $11.2 billion, placing him at position 212 on Forbes’ Billionaires list as of March 11, 2025. This wealth is primarily derived from his investment firm, Fisher Investments, which manages assets exceeding $270 billion.
Fisher’s insights into market dynamics make him a prominent voice in economic discussions. Recently, he responded to President Trump’s renewed tariff threats on Canadian aluminum and steel, which were set to potentially escalate to 50% within 24 hours if Canada did not comply with U.S. demands. Trump also warned of steep tariffs on Canadian automobiles, signaling a broader strategy to utilize economic leverage for national security and domestic manufacturing enhancement, as reported by the New York Times.
The rationale behind these tariffs includes Ontario’s rising electricity prices, concerns over fentanyl trafficking, and high dairy import taxes. Fisher shared his perspective on tariffs, suggesting they function more as negotiation tactics rather than full-scale economic burdens. In a recent YouTube segment, he contended that actual tariff impacts tend to be less severe than anticipated, with significant price drops often exaggerated in market reactions.
This sentiment reflects Fisher’s view that recent declines in the U.S. stock market stem from over-exaggerated fears, implying confidence in a market recovery.
Fisher Asset Management’s portfolio comprises 975 holdings, valued at approximately $251 billion—a significant increase over the past decade, notwithstanding the temporary setbacks during the COVID-19 pandemic. Within that portfolio, we analyzed Q4 2024 13F filings to identify Fisher’s top growth stock investments, ultimately ranking the leading 13 based on their respective equity stakes and hedge fund sentiment.
The interest in these hedge fund-backed stocks is rooted in research indicating that mimicking top hedge fund picks can yield superior market performance. A quarterly newsletter from our firm, which selects gravitating small-cap and large-cap stocks, has delivered an impressive return of 373.4% since May 2014, outperforming its benchmark by 218 percentage points.see more details here.
Meta Platforms, Inc. (META): A Key Player in Ken Fisher’s Portfolio
Fisher Asset Management has a significant stake in Meta Platforms, with an estimated equity worth $3.91 billion.
Equity Stake: $3.91 Billion
Number of Hedge Funds Holding Stakes: 262
Meta Platforms, Inc., the parent company of popular social media outlets such as Facebook, Instagram, and WhatsApp, thrives with over 98% of its revenue generated through digital advertising. The company has witnessed impressive revenue growth—39%, increasing from $118 billion in 2021 to $164.5 billion in 2024. This surge is driven by a rise in ad impressions combined with higher average ad prices on its platforms.
Engagement metrics have also seen remarkable improvement, particularly on Instagram, as Meta integrates advanced artificial intelligence capabilities into its offerings. Daily active users have risen by 17%, helping the company attract diverse advertising campaigns. In 2024 alone, Meta recorded a 22% revenue boost, reflecting advertisers’ continued interest in reaching the vast audience of over 3.3 billion users engaging with its platforms.
The rapid adoption of the Meta AI assistant, currently at 700 million users and expected to reach 1 billion, suggests potential for new revenue opportunities as the technology evolves.
Ultimately, META is ranked 10th in our analysis of Ken Fisher’s top growth stock picks. While we recognize its substantial investment potential, our perspective is that AI-focused stocks may offer unparalleled opportunities for higher returns within a shorter investment horizon. For those seeking a competitive AI stock valued at under five times its earnings, we recommend reviewing our insights on the cheapest AI stock.
Further Insights:
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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finance.yahoo.com