Michael Hintze’s 2022 Portfolio: Top 5 Stock Picks

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In this article, we discuss the top 5 stock picks of Michael Hintze. If you want to see more of the billionaire’s top holdings, check out Michael Hintze’s 2022 Portfolio: Top 10 Stock Picks

5. Liberty Broadband Corporation (NASDAQ:LBRDA)

CQS Cayman’s Stake Value: $19,322,000

Percentage of CQS Cayman’s 13F Portfolio: 1.33%

Number of Hedge Fund Holders: 26

Liberty Broadband Corporation (NASDAQ:LBRDA) is a Colorado-based communications company, offering wireless, data, voice, and subscription-based video services. In the March quarter, Michael Hintze’s CQS Cayman boosted its Liberty Broadband Corporation (NASDAQ:LBRDA) stake by 18%, holding 142,783 shares worth $19.3 million, representing 1.33% of its 13F portfolio.

On May 10, Deutsche Bank analyst Bryan Kraft maintained a ‘Buy’ recommendation on Liberty Broadband Corporation (NASDAQ:LBRDA) but lowered the price target on the stock to $158 from $196 after the Q1 results.

Among the hedge funds tracked by Insider Monkey, 26 funds were long Liberty Broadband Corporation (NASDAQ:LBRDA) at the end of March 2022, up from 22 funds in the prior quarter. Boykin Curry’s Eagle Capital Management is the largest shareholder of the company, with 8.3 million shares worth $1.13 billion. 

Here is what Longleaf Partners Fund has to say about Liberty Broadband Corporation (NASDAQ:LBRDA) in its Q1 2022 investor letter:

“Liberty Broadband – A new position in 4Q 2021, holding company Liberty Broadband also suffered from a widening of a market-imposed holdco discount in an uncertain quarter. Liberty’s stakes in Charter and Alaskan cable company GCI also faced near-term concerns over slowing industry broadband additions, but these businesses have over a decade of pricing power history and are well positioned to weather an inflationary environment. We have a high degree of respect for our partners John Malone and Greg Maffei, who are focused on growing value per share and are actively repurchasing discounted shares to help close the price-to-value gap.”

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