5 Michael Burry Stocks Other Hedge Funds Like Too

3. Charter Communications, Inc. (NASDAQ:CHTR)

Percentage of Scion Asset Management’s portfolio as of Q2 2023: 0.52%
Number of Hedge Fund Holders: 67

Charter Communications, Inc. (NASDAQ:CHTR) operates broadband connectivity and cable services, serving residential and commercial customers in the US. It offers subscription-based internet video, mobile, and video services.

Charter Communications, Inc. (NASDAQ:CHTR) has been on an impressive run rallying by about 17% year to date. The run comes on improving underlying fundamentals. The company has reached an agreement with media giant The Walt Disney Company (NYSE:DIS) that will see the return of some networks to the Spectrum cable service before the start of the NFL.

The agreement is a big relief for Charter Communications, Inc. (NASDAQ:CHTR) as it tries to combat the so-called cord-cutting where people are increasingly ditching pay TV for streaming services.

Insider Monkey’s database of 910 hedge funds shows that 67 hedge funds out of the 910 funds had stakes in Charter Communications, Inc. (NASDAQ:CHTR). The biggest stakeholder of Charter Communications, Inc. (NASDAQ:CHTR) during this period was Nativism Global Asset Management’s Harris Associates, which owned a $1.98 billion stake in the company.

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