10 Most Popular Stocks Among Hedge Funds

Let’s start from the bottom. On the 10th spot we have Charter Communications, Inc. (NASDAQ:CHTR), in which 103 funds tracked by us amassed shares worth $17.29 billion heading into 2017. During the fourth quarter, the stock registered a decline in popularity, as the number of funds long the stock declined by eight, while the aggregate value of holdings fell by $1.17 billion. Charter’s stock has gained over 13% since the beginning of the year, mainly due to a boost in January amid news that Verizon Communications Inc (NYSE:VZ) might be interested in acquiring Charter Communications, Inc. (NASDAQ:CHTR). The company also reported better-than-expected financial results with EPS of $1.67 per share on revenue of $10.28 billion, versus estimates of $1.00 and $10.23 billion, respectively. However, subscribers growth figures lagged as Charter is integrating Time Warner Cable’s business it acquired last year. Among the largest shareholders of Charter Communications, Inc. (NASDAQ:CHTR) is Warren Buffett’s Berkshire Hathaway, which owns 9.44 million shares as of the end of 2016.

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