Billionaire Cliff Asness Portfolio: 5 Stocks Under $20

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Below is the list of 5 stocks under $20 according to billionaire Cliff Asness’ portfolio. For a comprehensive list and detailed discussion about Cliff Asness’ investment strategy, please see Billionaire Cliff Asness Portfolio: 10 Stocks Under $20.

5. Qurate Retail, Inc. (NASDAQ:QRTEA)

AQR Capital Management’s Stake Value: $45.4 million 

Percentage of AQR Capital Management’s 13F Portfolio: 0.08%

Number of Hedge Fund Holders: 39

The stock price of Qurate Retail, Inc. (NASDAQ:QRTEA) fell sharply in the past months amid near-term industry challenges. Its revenue declined 7% year over year in the third quarter to $3.14 billion. Despite that, the company is committed to returning cash flows to investors. It recently announced a special dividend of $1.25 per share for shareholders.  

White Brook Capital, in its Q3 2021 investor letter, mentioned Qurate Retail and discussed its stance on the firm. Below is a part of what White Brook Capital stated. 

“Qurate Retail (QRTEA) was bought during the 3rd quarter. Qurate’s largest business is broadcast video shopping channels Home Shopping Network (HSN) and QVC. These channels cater to an older, mostly female clientele and has proven to be more durable than many have expected. The opportunity for Qurate is in online video shopping – a category that is being unsuccessfully targeted by the largest players in online shopping – including Amazon, Facebook, Pinterest, and Google. Qurate has compelling personalities and the technical knowhow on how to best present and maximize sales in video format and can port those skills to the online format. The price for the stock indicates that the marginal seller of the stock doesn’t appreciate that online video shopping is different from shopping online as the presenter and the presentation – not only the good – is content and the reason that a potential consumer engages and then buys. This is hard, Qurate does it well, and many merchants need those skills. You can review the complete comments by clicking here.

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