Charter Communications, Inc. (CHTR), NOW Inc (DNOW), Verizon Communications Inc. (VZ): Warren Buffett is Bullish on These Stocks

Warren Buffett being the most notorious investment is always in the middle of attention, especially on the last day of 13F filings round, when his fund, Berkshire Hathaway releases its equity portfolio for the previous quarter. In the latest filing, released today, Berkshire Hathaway disclosed an equity portfolio worth $107.58 billion, which contains 141 positions. While, Mr. Buffett usually does not change much his top holdings, which are represented by Wells Fargo, Coca Cola, and American Express, it is more worth taking a look at the new acquisitions made during the quarter. In this way, during the April-June period, Berkshire added two new holdings, represented by Charter Communications, Inc. (NASDAQ:CHTR) and NOW Inc (NYSE:DNOW). In addition, Mr. Buffett has significantly raised his exposure to another stock, in which he has initiated a stake during the last quarter, Verizon Communications Inc. (NYSE:VZ).

hedge funds vs. mutual funds

Therefore, between the two new holdings, Charter Communications, Inc. (NASDAQ:CHTR) is the largest holding. Berkshire reported ownership of almost 2.31 million shares with a total value of $365.70 million. Charter Communications, Inc. (NASDAQ:CHTR) is a large-cap company engaged in providing cable services in the U.S. The company is showing a stable growth over the past year in terms of stock price. On the financial side, in the second quarter of the year, the company has significantly improved its bottom line, narrowing its net loss to $45 million from $95 million a year earlier, and posted a 7.3% annual increase in revenue to $2.3 billion, mainly caused by the company gaining more customers in both residential and commercial segments. Another investor in Charter Communications, Inc. (NASDAQ:CHTR) is Philippe Laffont, whose fund, Coatue Management, added around 1.35 million shares during the second quarter, currently holding 2.73 million shares.

Another new position in Mr. Buffett’s 13F portfolio, as it was mentioned earlier, is NOW Inc (NYSE:DNOW). However, Berkshire disclosed a small stake in the company, which contains 1.83 million shares with a total value of $66.1 million. It is also important to mention that the investor received the shares following the spin-off of the company from National-Oilwell Varco, Inc. (NYSE:NOV), of which Berkshire holds 7.30 million shares as of the end of June. The spun-off company NOW Inc (NYSE:DNOW) is engaged in the distribution of oil and gas products, operating under two brands: DistributionNOW and Wilson Export.

Another stock that is worth watching, is Verizon Communications Inc. (NYSE:VZ). Berkshire reported a stake in the company as of the end of the first quarter and during the second quarter, the fund further boosted its holding by adding 3.98 million shares. Currently, Mr. Buffett owns through Berkshire around 15 million shares, the total value of the stake amounting to almost $734 million. Verizon Communications Inc. (NYSE:VZ) keeps delivering significant results, reporting double-digit earnings growth for the past several quarters. In the second quarter, the company posted EPS of $0.91 per share, versus $0.73 per share reported a year ago, and even though its stock inched down by 0.28% since the beginning of the year, the stock has started to grow since May, and taking into account Mr. Buffett’s commitment to long-term value creation, Verizon Communications Inc. (NYSE:VZ) might have a potential to grow further in the future.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!