Warren Buffett’s Picks: 5 Stocks to Watch

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

Number of Hedge Fund Holders: 74   

13F filings show that Berkshire first acquired a stake in Charter Communications, Inc. (NASDAQ:CHTR) back in the second quarter of 2016. It was worth $2 billion at the time. The fund has slashed that stake steadily over the years. However, the appreciation in the share price means that the holding was worth $3 billion at the end of September 2021. 

At the end of the third quarter of 2021, 74 hedge funds in the database of Insider Monkey held stakes worth $18.7 billion in Charter Communications, Inc. (NASDAQ:CHTR), down from 75 the preceding quarter worth $19.4 billion.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Charter Communications, Inc. (NASDAQ:CHTR) was one of them. Here is what the fund said:

“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.”