Oprah Winfrey Stock Portfolio: 5 Companies To Consider

4. Discovery, Inc. (NASDAQ:DISCA)

Number of Hedge Fund Holders: 44  

Discovery, Inc. (NASDAQ:DISCA) features on our list of companies to consider based on the portfolio of Oprah Winfrey because it is reported that Oprah sold some of her stake in the Oprah Winfrey Network, a cable channel she owns, in late 2020 to Discovery in a deal rumored to be around $35 million that included stock options. Discovery is one of the biggest media firms in the world and has a market cap of over $16 billion. 

In August, Deutsche Bank analyst Bryan Kraft maintained a Buy rating on Discovery, Inc. (NASDAQ:DISCA) stock but lowered the price target to $40 from $55, forecasting lower domestic revenue for the firm and problems with subscriber growth in the near-term. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm DE Shaw is a leading shareholder in Discovery, Inc. (NASDAQ:DISCA) with 5.6 million shares worth more than $165 million. 

In its Q1 2021 investor letter, Mayar Capital, an asset management firm, highlighted a few stocks and Discovery, Inc. (NASDAQ:DISCA) was one of them. Here is what the fund said:

“We also sold most of our holdings in Discovery as the stock price continued to increase to new highs. However, in late March the stock declined considerably when brokers liquidated holdings by Archegos Capital (see above in General Commentary) to satisfy margin calls. That brought the stock price down to levels that we found attractive, and we bought back a significant amount of the shares that we had sold earlier that month.”