10 Most Successful Hedge Fund Managers and Their Stock Picks

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

– Number of “Successful” Hedge Fund Shareholders (as of June 30): 2

– Total Value of Hedge Funds’ Holdings (as of June 30): $583.44 Million

Two of the ten most successful hedge fund managers were bullish on Charter Communications Inc. (NASDAQ:CHTR) at the end of June. The combined value of the two asset managers’ equity holdings in the company was $583.44 million at the end of the June quarter. The second-largest U.S. cable operator has seen its market cap increase by 47% since the start of the year. A little while ago, Charter completed the acquisitions of Time Warner Cable and Bright House Networks, a three-way merger that made Charter the second-largest multi service operator in the United States. In early September, cable TV provider Charter Communications joined the elite S&P 500 Index to replace information management company EMC, which was acquired by Dell in a $67 billion-deal. Charter’s shares gained significantly on the announcement, as demand for the company’s shares is anticipated to increase following the ascension to the well-known index. Tybourne Capital Management had 2.33 million shares of Charter Communications Inc. (NASDAQ:CHTR) among its holdings at the end of June.

#2. Dr Pepper Snapple Group Inc. (NYSE:DPS)

– Number of “Successful” Hedge Fund Shareholders (as of June 30): 2

– Total Value of Hedge Funds’ Holdings (as of June 30): $1.06 Billion

There were two asset managers within the list of the ten most successful hedge fund managers that had equity stakes in Dr Pepper Snapple Group Inc. (NYSE:DPS) at the end of the April-to-June period. Those two managers’ equity stakes in the company amounted to $1.06 billion on June 30. The leading integrated brand owner, manufacturer and distributor of non-alcoholic beverages has seen its market cap drop by a little less than 1% this year. The company’s brand portfolio includes popular carbonated soft drinks such as Dr Pepper, Canada Dry, Squirt, 7UP, to name just a few, as well as non-carbonated beverages brands such as Snapple, Hawaiian Punch, among others. In mid-September, analysts at Credit Suisse initiated coverage on Dr Pepper Snapple Group with an ‘Outperform’ rating and a price target of $108. Credit Suisse analysts said that “the shares trade at the lowest PE in our coverage group and we think the market is undervaluing the role of Allied Brands as the primary driver of growth and margins going forward, contributing incrementally to an already consistent financial algorithm.” The company’s Allied Brands portfolio comprises third-party brands not owned by the beverage company that offers exposure to new and fast-growing segments. Andy Brown’s Cedar Rock Capital had around 10.89 million shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) in its portfolio on June 30.

#1. Barrick Gold Corporation (USA) (NYSE:ABX)

– Number of “Successful” Hedge Fund Shareholders (as of June 30): 3

– Total Value of Hedge Funds’ Holdings (as of June 30): $88.83 Million

Three of the ten most successful hedge fund managers discussed on the first page were invested in Barrick Gold Corporation (USA) (NYSE:ABX) at the end of the second quarter. Those asset managers’ equity positions in the company were valued at $88.83 million on June 30. The shares of the world’s largest gold producer are 142% in the green so far in 2016. The Canadian gold producer reported second-quarter revenues of $2.01 billion, down from $2.23 billion posted in the same period of the prior year. Barrick Gold Corporation plans to reduced its debt load by at least $2 billion this year, with nearly half of the debt reduction target having been met already. The company plans to reduced its current debt burden of $9.0 billion to below the $5 billion-level over the medium term. It should be noted that the gold producer has less than $150 million in debt due before 2018 and around $5 billion of debt does not mature until after 2032. David Iben’s Kopernik Global Investors, the second-most successful hedge fund manager according to our calculations, owned 2.56 million shares of Barrick Gold Corporation (USA) (NYSE:ABX) at the end of the second quarter. That being said, these were the most successful hedge fund managers and their

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