Europe’s Most Feared Investor Chris Hohn is Buying These 3 Stocks

1. Charter Communications, Inc. (NASDAQ:CHTR)

Sir Hohn’s Stake Value: $7.5 billion

Percentage of Sir Hohn’s 13F Portfolio: 18.68%

Number of Hedge Fund Holders: 75

Charter Communications, Inc. (NASDAQ:CHTR) is headquartered in Stamford, Connecticut after being founded in 1993. It is a broadband connectivity and cable services provider that offers several kinds of internet connections alongside equipment that enable its customers to set up their connections inside their homes.

Sir Hohn increased his holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 2% to 10.3 million shares in Q2. These shares were worth $7.4 billion and they represented nearly one fifth or 18.68% of his portfolio. Additionally, 75 of the 873 hedge funds polled by Insider Monkey during the same time period held a stake in Charter Communications, Inc. (NASDAQ:CHTR).

Following Sir Hohn, Charter Communications, Inc. (NASDAQ:CHTR)’s largest stakeholder is the legendary Warren Buffett’s Berkshire Hathaway, who owns 5.2 million shares for a stake that is worth $3.7 billion.

In its first quarter investor letter, ClearBridge Investments had the following to say about Charter Communications, Inc. (NASDAQ:CHTR):

“The portfolio’s quality bias and valuation discipline have generated compelling returns over time with typically strong relative results in more challenging environments as it did through the first three quarters of 2020. However, that same quality bias tends to create a more challenging relative performance environment for the Strategy during periods of sharp economic acceleration, which tend to benefit stocks that are more commodity linked or of lower quality. This has been the case during the vaccine- and stimulus-driven rally experienced late last year and during the most recent quarter. Sectors that lagged in the quarter included communication services, where Charter trailed after generating robust returns earlier in the recovery.”

Disclosure: None. You can also take a peek at the 15 Most Valuable Alcohol Companies and Billionaire Julian Robertson’s Top 10 Stocks.

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