5 Stocks to Buy According to Gavin Baker’s Atreides Management

In this article, we will discuss the 5 stocks to buy according to Gavin Baker’s Atreides Management. If you want to read our detailed analysis of Gavin’s history, investment philosophy, and hedge fund performance, go directly to the 10 Stocks to Buy According to Gavin Baker’s Atreides Management.

5. DISH Network Corporation (NASDAQ:DISH)

Baker’s Stake Value: $183.2 million

Percentage of Gavin Baker’s 13F Portfolio: 3.27%

Number of Hedge Fund Holders: 51

DISH Network Corporation (NASDAQ:DISH) is an American television provider company based in Englewood, Colorado. The company was established in 1980 and currently has a market cap of $23.84 billion.

Gavin Baker’s Atreides Management currently owns 4.39 million shares of the company, worth $183.16 million. DISH Network Corporation (NASDAQ:DISH) makes up 3.27% of Atreides Management’s portfolio.

ClearBridge Investments mentioned DISH Network Corporation (NASDAQ:DISH) in their investor letter in the second quarter of 2021. Here is what the letter said:

“Portfolio holdings in the communication services and financials sectors also made strong contributions. Dish Network continues to make progress on the buildout of its greenfield 5G network, with Las Vegas slated to become the first market launched later this year. The company gained credibility, and its stock reacted favorably, after it announced a partnership with Amazon to deploy a 5G cloud-native network using AWS’s cloud infrastructure. While the stock has been volatile in recent quarters, we continue to feel confident in Dish’s long-term prospects, which include competing as a fourth U.S. wireless carrier. Charter Communications has been executing well and benefiting from the growth in residential broadband, which has been accelerated by COVID-19 and should see further support from the Biden Administration’s infrastructure bill, which earmarks $65 billion for broadband buildout. In addition, we expect the company to continue to grow its wireless business,

leveraging its mobile virtual network operator (MVNO) relationship with Verizon. The company continues to generate strong and growing free cash flow and deploys it toward consistent and material share buybacks.”