Were Hedge Funds Right about Their Top 10 Picks in Q3?

In Time Warner Cable Inc (NYSE:TWC), whose stock edged up by 1.10% during the third quarter, 105 funds reported stakes worth $14.41 billion in aggregate, equal to 28.60% of its outstanding stock as of the end of June. Most of these funds probably have bet on the upcoming merger with Charter Communications, Inc. (NASDAQ:CHTR), which has been recently approved by Time Warner Cable Inc (NYSE:TWC)’s shareholders and currently awaits regulatory approval from the Federal Communications Commission. John Paulson’s Paulson & Co. and Eric W. Mandelblatt’s Soroban Capital Partners held the largest stakes in Time Warner Cable Inc (NYSE:TWC) among the funds we track, disclosing ownership of 8.12 million and 7.62 million shares respectively.

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