Billionaires Are Fond of These Five Stocks in 2016

#2 Time Warner Cable Inc (NYSE:TWC)

– Number of billionaires invested in the company (as of December 31): 23

– Value of holdings (as of December 31): $5.05 Billion

The stock of the $54 billion cable service provider has gained 25% over the last year, amid Charter Communications, Inc. (NASDAQ:CHTR) agreeing to buy Time Warner Cable Inc (NYSE:TWC) for $78.7 billion, including its debt. The deal is still awaiting regulatory approval. New Jersey recently gave the merger the green light, but the main hurdle is California, where it is believed that the Public Utilities Commission is split about the decision. The Golden State is expected to unveil its final decision on May 12. Billionaire John Paulson‘s Paulson & Co reduced its stake in Time Warner Cable Inc (NYSE:TWC) by 28% to 5.87 million shares during the fourth quarter.

#1 Allergan plc Ordinary Shares (NYSE:AGN)

 – Number of billionaires invested in the company (as of December 31): 29

– Value of holdings (as of December 31): $9.53 Billion

While the total number of billionaires bullish on Allergan plc Ordinary Shares (NYSE:AGN) inched up by three, the aggregate value of their positions declined by 12% during the October-December period. The stock of the Ireland-based manufacturer of branded and generic pharmaceuticals has advanced by 10% during the same period, which could suggest that the decrease in aggregate value of holdings was a result of profit-taking moves amid the announcement of Allegan’s acquisition by Pfizer. The company recently received FDA approval for ACZONE gel 7.5%, which is used for the treatment of Acne Vulgaris. Andreas Halvorsen‘s Viking Global held more than 5.98 million shares of Allergan plc Ordinary Shares (NYSE:AGN) valued at $1.87 billion at the end of December.

Disclosure: None