5 Stocks to Buy According to British-Australian Billionaire Michael Hintze

1. Discovery, Inc. (NASDAQ:DISCK)

Hintze’s Stake Value: $44,219,000
Percentage of Michael Hintze’s 13F Portfolio: 2.45%
Number of Hedge Fund Holders: 35

Discovery, Inc. (NASDAQ:DISCK) is a media corporation, which distributes content in about 50 languages through multiple distribution channels across the world. The company was founded in 1985 and is placed first on the list of 10 stocks to buy according to British-Australian billionaire Michael Hintze. Discovery, Inc. (NASDAQ:DISCK) shares have returned 26.86% to investors over the course of the past 12 months.

The hedge fund chaired by Michael Hintze holds 1.53 million shares in Discovery, Inc. (NASDAQ:DISCK) worth over $44.22 million. Out of the hedge funds being tracked by Insider Monkey, D E Shaw is a leading shareholder in Discovery, Inc. (NASDAQ:DISCK), with 5.69 million shares worth more than $165.02 million. 

In its second-quarter 2021 investor letter, Smead Capital Management mentioned Discovery, Inc. (NASDAQ:DISCK). Here is what the fund said:

“We were most negatively affected by Discovery’s (DISCK) stock backing off from their meme-stock fame of the first quarter. Their share price then weakened further by announcing a merger with Warner Media to aggregate the best of unscripted TV shows with the best of sports and scripted TV and movies.”

You can also take a peek at 10 Best Healthcare Stocks to Buy According to Matthew Halbower’s Pentwater Capital Management and 10 Large-Cap Stocks to Buy According to Anand Parekh’s Alyeska Investment Group