Billionaire Paul Tudor Jones’ Top 5 Stock Picks and Portfolio

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In this article, we discuss billionaire Paul Tudor Jones’ top 5 stock picks. For Jones’ investment philosophy and his comments on certain stocks please see Billionaire Paul Tudor Jones’ Top 10 Stock Picks.

5. Liberty Broadband Corporation (NASDAQ: LBRDA)

Value: $72,711,000
Percent of Paul Tudor Jones’ 13F Portfolio: 2.05%
Number of Hedge Fund Holders: 26

Liberty Broadband ranks 5th on the list of billionaire Paul Tudor Jones’ top 10 stock picks. The telecom and cable company owns interests in Charter Communications, Inc. (Charter) and its subsidiary Skyhook Holding, Inc. (Skyhook).  In October 2020, Citibank reaffirmed its Buy rating for the stock, citing increased quarterly buybacks. The firm set a $735 price target on the stock. In the fourth quarter, Liberty’s revenue jumped 870% to $33.87 million. The company completed the acquisition of GCI Liberty in December.

Tudor Investment Corp. currently owns 459,121 shares of LBRDA, worth $72.7 million. Liberty Broadband Corp. occupies 2.05% of Tudor Investment Corp.’s overall equity.

Andvari Associates said in their Q4 letter that one of their holdings, Liberty Broadband Corporation (NASDAQ: LBRDA), had a notable acquisition last year. Here is what Andvari Associates has to say about Liberty Broadband Corporation in their investor letter:

“The most notable event in Andvari portfolios was one holding, Liberty Broadband, acquiring another holding, GCI Liberty. This was an all-share transaction. Andvari supported it. Broadband is now over 20% of Andvari’s assets under management.

Like Broadband’s management, we believe the transaction creates meaningful value. First, the two companies generate immediate savings from duplicative public company and overhead costs. Most importantly, the transaction means Broadband has a 25% stake in Charter Communications (the second-largest cable operator in the U.S. by subscribers) and also owns 100% of GCI.

GCI is Alaska’s largest communication company with over $900 million in annual revenues and capable of producing $150 million in free cash flow. With access to a cash producing asset in GCI, Broadband has greater flexibility to deploy capital. In fact, after the announcement of the deal last August, Broadband increased its share repurchase authorization from $200 million to $1.2 billion. Broadband remains an attractive investment and Andvari looks forward to many more years as shareholders.”

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