Fisher Asset Management was established in 1979 by Ken Fisher. An estimated $161 billion was invested by the Washington, D.C.-based hedge fund in the third quarter of 2018. Third-quarter holdings from Fisher’s portfolio were still heavily weighted toward healthcare and consumer discretionary stocks as well as information technology stocks. He’s one of the best-known investors and hedge fund managers in the world. Ray Fisher, the billionaire hedge fund manager, believes that individual stocks are preferable to ETFs and mutual funds. He argues that buying stocks outright is less expensive, more tax-efficient, and comes with a lower commission. Successful ETFs can be tracked by both active and passive investors, and their underlying stocks can be purchased to create a diversified portfolio. The billionaire thinks that the stock market is directly linked to the political climate in the United States. After the first half of 2022, the markets will remain stable, resulting in a strong fourth quarter. The third quarter of 2021 saw the billionaire make some notable stock picks, including Microsoft Corporation.
Here is Insider Monkey’s list of the 10 stocks that billionaire Ken Fisher is selling. China’s TAL Education Group is a primary and secondary school education and private tutoring company. The company’s stock price plummeted after China’s ban on private tutoring in September 2021. On September 30th, hedge funds decided to pull their money out of BAC. L&P is an American bedding and furniture manufacturer based in St. Louis, Missouri. For over half a century, the company has steadily increased its dividend payments, and as of January 24th, its yield was 4.22 percent. Gold and silver mining company Kinross Gold Corporation is based in Canada, but it has mines in several countries around the world, including the United States, Ghana, Mauritania, Russia, and Brazil. Kinross Gold Corp’s price target was raised from C$12.50 to C$13 by National Bank analyst Mike Parkin. WBA has a dividend yield of 3.65 percent as of January 24. Fourth-quarter GAAP EPS for the company was $4.13, beating expectations by $3.05. The company’s quarterly revenue fell 6.63 percent from the same period last year to $33.90 billion. Liquid natural gas producer Cheniere Energy, Inc. is based in Texas and is a major exporter of US LNG. In the third quarter of 2021, the company’s earnings per share and revenue fell short of expectations. For more details, click the 10 Stocks That Billionaire Ken Fisher Is Selling.