Top 5 Stocks to Buy and Hold According to MIG Capital

2. Liberty Global Inc. (NASDAQ:LBTYK)

Liberty Global Inc. (NASDAQ:LBTYK) is one of the two oldest holdings in MIG Capital’s 13F portfolio, dating back to the third quarter of 2014. The fund held a 1.67-million share stake in the multinational telecommunications giant on September 30, a position valued at $49.26 million.

Liberty Global Inc. (NASDAQ:LBTYK) added just over 266,000 new broadband and mobile subscribers during Q3, while its full-year guidance for adjusted free cash flow was raised to $1.45 billion, representing 35% year-over-year growth. Thanks to its growing pile of cash, Liberty Global Inc. (NASDAQ:LBTYK) has begun aggressively buying back its stock, buying back $1.1 billion in shares through October and with plans to buy back a further 10% of its outstanding shares in both 2022 and 2023.