5 Best Large-Caps To Buy According To This Billionaire

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Amazon.com, Inc. (NASDAQ:AMZN)

– Shares Held by Blue Ridge Capital (as of September 30): 407,900

– Value of the Holding (as of September 30): $341.53 Million

Standing on the lower step of Griffin’s large-cap podium as of September 30 was Amazon.com, Inc. (NASDAQ:AMZN), which witnessed a 18% spike in the fund’s stake over the third quarter. Counting on the support of 150 funds in our database, this was one of the most popular stocks in the third quarter, backed by legendary investors like Ken Fisher’s Fisher Asset Management, which last declared holding 1.97 million shares, or about $1.65 billion in stock.

Amazon.com, Inc. (NASDAQ:AMZN) has had a great year, with its stock up 13.2% since January. However, the fourth quarter has not been as good, as the shares lost 7.7% percent, largely driven by the victory of Donald Trump in the U.S. presidential election and declining estimates for the company’s AWS segment. On Monday, sources told Dow Jones that the tech giant could open more than 2,000 grocery stores.

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Facebook Inc (NASDAQ:FB)

– Shares Held by Blue Ridge Capital (as of September 30): 3.4 Million

– Value of the Holding (as of September 30): $436.4 Million

Number two in this list is Facebook Inc (NASDAQ:FB). Over the third quarter, Blue Ridge augmented its exposure by 14%; meanwhile, over the same period, Philippe Laffont’s Coatue Management boosted its stake by 49%, to 6.28 million shares. On top of these two funds, another 147 firms in our database were long the social media behemoth as of the end of the third quarter.

Facebook Inc (NASDAQ:FB) has been another strong performer in 2016, returning more than 11.4%. And, same as Amazon, the stock lost almost 9% in the fourth quarter, also driven by concerns about President-elect Donald Trump’s win. In a recent issue of CNBC’s Fast Money, Karen Finerman recommended Facebook’s stock, arguing that, while depressed right now, the shares offer substantial value to investors in the long term.

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Charter Communications, Inc. (NASDAQ:CHTR)

– Shares Held by Blue Ridge Capital (as of September 30): 1.86 Million

– Value of the Holding (as of September 30): $503.19 Million

Finally, there’s Charter Communications, Inc. (NASDAQ:CHTR), one of Blue Ridge’s largest positions going into the fourth quarter. In fact, the stock was also very popular among the funds in our database, with 112 supporters holding more than $18.4 billion in equity as of September 30. Another notable investor was Warren Buffett’s Berkshire Hathaway, which last disclosed ownership of 9.44 million shares, valued at more than $2.5 billion by the end of the third quarter.

Unlike its peers above, Charter Communications, Inc. (NASDAQ:CHTR) is not only up 21% year-to-date, but has also gained 1.2% in the fourth quarter. A few days ago, Wunderlinch analyst Matthew Harrigan reiterated a Buy rating on the stock, raising his price target from $280 to $330. As per the report, the company has substantial leverage because of “increasing net video and broadband gains, especially off lowering churn and reducing concomitant transaction costs (…) We remain enthused on the cable technology roadmap, Spectrum brand marketing, and eventual further wireless benefits – even with the Q3 CC angst,” the note added.

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Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.

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