Billionaire Mandel Goes All-In On These Three Holdings

Microsoft Corporation (NASDAQ:MSFT) is another stock which was bought up in droves by Mandel during the second quarter. The investment manager boosted his position in the software maker by 83% during the quarter to 26.60 million shares valued at $1.17 billion. Microsoft has been facing some problems with the dynamic growth in the technology industry, and its fiscal fourth quarter 2015 financial results made that even clearer. During the fourth quarter, Microsoft Corporation (NASDAQ:MSFT)’s Windows business reported a 22% decline in its revenue year-over-year. Further, the growth in its cloud business of 88% was lower than the last three quarters’ growth of 106%, 114%, and 128%, respectively. On the contrary, Microsoft’s Surface is gaining popularity among users, with its revenue increasing by 117% year-over-year. The growth in Surface and the sequential decline in Apple Inc. (NASDAQ:AAPL)’s iPad sales could benefit Microsoft in the longer run. Apple’s iPad sales suffered a drop of 23% in its most recent financial quarter. First Eagle Investment Management is another large shareholder of Microsoft Corporation, owning 33.97 million shares of the company, valued at $1.50 billion.

Lone Pine Capital has shown faith in Charter Communications, Inc. (NASDAQ:CHTR) by increasing its position in it by 61% quarter-over-quarter to 5.38 million shares, which have a market value of $920.87 million. Charter announced the acquisition of Time Warner Cable Inc (NYSE:TWC) on May 26 in a $55 billion cash-and-stock transaction, along with the acquisition of Bright House for $10.4 billion. The combine company will have nearly 23 million customers, putting it right behind the market leader Comcast Corporation (NASDAQ:CMCSA), which has 27 million customers. Matthew Harrigan of Wunderlich Securities said in July that he is confident that the deal will be approved and updated his price target for Time Warner Cable Inc (NYSE:TWC) to $219 with a “Buy” rating. In its recent quarter, Charter Communications, Inc. (NASDAQ:CHTR) reported 7.6% growth in its revenue year-over-year, although its net loss per share jumped to $1.09 from the prior year’s per share loss of $0.42. Berkshire Hathaway is the largest shareholder of Charter Communications, Inc. (NASDAQ:CHTR) in our database, owning 8.51 million shares valued at $1.46 million.

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