George Soros’ Top 5 Stock Picks

1. Liberty Broadband Corporation (NASDAQ: LBRDK)

The communications services provider Liberty Broadband Corporation (NASDAQ: LBRDK) is the largest stock holding of Soros Fund Management, accounting for 15.80% of the overall portfolio. Shares of Liberty Broadband underperformed in 2020 and extended the downtrend in 2021. George Soros has been holding a position in  Liberty Broadband since 2016.

Andvari Associates, which returned 31% for 2020, highlighted few stocks including Liberty Broadband in Q4 investor letter. Here is what Andvari Associates stated:

“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.”

You can also take a peek at 10 Best EV Stocks to Buy According to Cathie Wood and 12 Most Influential Entrepreneurs in America.

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