, Inc. (AMZN), Comcast Corporation (CMCSA), More: Are These Stocks Poised for Big Gains?

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Foxhaven Asset Management is a Virginia-based hedge fund managed by Michael Pausic, which manages a $1.05 billion public equity portfolio as of September 30. This fund caught our attention recently, as its stock picks returned 11.51% when looking at its 16 long positions in companies having a market cap of at least $1 billion (we filter out micro-cap stocks as they are overly volatile). We believe that investors should pay attention to hedge funds’ top picks for a chance to beat the market like Pausic’s stock picks did in Q3.

In this article, we’ll take a look at four of the favorite stock picks of Foxhaven and see how they performed during the third quarter, which were, Inc. (NASDAQ:AMZN), Comcast Corporation (NASDAQ:CMCSA), Twenty-First Century Fox Inc (NASDAQ:FOX), and Grupo Televisa SAB (ADR) (NYSE:TV). 

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Foxhaven Asset Management owns 145,762 shares of, Inc. (NASDAQ:AMZN) as of the end of the third quarter, valued at $122.05 million. Amazon was one of the fund’s big Q3 performers, gaining 17% during the quarter.

At Q2’s end, a total of 145 of the hedge funds tracked by Insider Monkey held long positions in Amazon, up by 9% from the first quarter of 2016. When looking at the institutional investors followed by Insider Monkey, Andreas Halvorsen’s Viking Global has the number one position in, Inc. (NASDAQ:AMZN), worth close to $2.35 billion, amounting to 10% of its total 13F portfolio. Sitting at the No. 2 spot is Ken Fisher of Fisher Asset Management, with a $1.50 billion position. Some other professional money managers that hold long positions comprise Alex Snow’s Lansdowne Partners, Boykin Curry’s Eagle Capital Management, and Stephen Mandel’s Lone Pine Capital.

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Foxhaven Asset Management upped its stake in Comcast Corporation (NASDAQ:CMCSA) by 12% in the third quarter, ending the period with a total of 876,913 shares of the company. The stock posted a modest 2.2% gain during the third quarter.

At the end of the second quarter, a total of 88 of the hedge funds tracked by Insider Monkey were bullish on this stock, a 2% dip from the first quarter of 2016. First Eagle Investment Management was the largest shareholder of Comcast Corporation (NASDAQ:CMCSA), with a stake worth $1.71 billion reported as of the end of June. Trailing First Eagle Investment Management was Lansdowne Partners, which amassed a stake valued at $1.60 billion. Fisher Asset Management, Egerton Capital Limited, and Citadel Investment Group also held valuable positions in the company.

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We’ll check out two more of the fund’s stock picks on the next page.

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