5 Best New Stocks to Buy in 2021 According to Billionaire Paul Singer

3. AT&T Inc. (NYSE: T)

Value: $143,800,000
Percent of Paul Singer’s 13F Portfolio: 1.4%
No. of Hedge Fund Holders: 58

AT&T ranks 3rd in the list of best new stocks to buy now based on billionaire Paul Singer’s Q4 portfolio. AT&T is one of most notable dividend payers, with an over 6% yield and more than 30 years of consistent dividend hikes. Despite lackluster performance in recent months when compared to peers, AT&T remains a solid option for long-term investors. The company would also be a major beneficiary of the upcoming 5G revolution. The company’s 5G network already reaches 230 million Americans in more than 14,000 cities and towns. Its HBO Max streaming service is also poised to grow and become a Netflix competitor in the next couple of years.

With a $193.5 million stake in AT&T, D E Shaw owns 6.7 million shares of the company as of the end of the fourth quarter of 2020. Our database shows that 58 hedge funds held stakes in AT&T as of the end of the fourth quarter, versus 51 funds in the third quarter.