Do Hedge Funds Love Charter Communications, Inc. (CHTR)?

What does the smart money think about Charter Communications, Inc. (NASDAQ:CHTR)?

Heading into 2016, a total of 89 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 2% from the third quarter. With the smart money’s sentiment swirling, there exists a few key hedge fund managers who were boosting their stakes significantly (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Warren Buffett’s Berkshire Hathaway has the biggest position in Charter Communications, Inc. (NASDAQ:CHTR), worth close to $1.88 billion, corresponding to 1.4% of its total 13F portfolio. The second largest stake is held by Lone Pine Capital, managed by Stephen Mandel, which holds a $865.6 million position; the fund has 3.7% of its 13F portfolio invested in the stock. Some other members of the smart money that hold long positions encompass John H. Scully’s SPO Advisory Corp, William B. Gray’s Orbis Investment Management and Philippe Laffont’s Coatue Management.