5 Stocks To Buy According to Michael Burry

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

Percentage of Scion Asset Management’s portfolio as of Q2 2023: 0.52%

Charter Communications, Inc. (NASDAQ:CHTR) was owned by 67 hedge funds in Q2, compared to 80 in Q1. Scion Asset Management held  25,000 shares of the company worth $9.184 million.

Weitz Investment Management made the following comment about Charter Communications, Inc. (NASDAQ:CHTR) in its second quarter 2023 investor letter:

“We added a new, direct position in Charter Communications, Inc. (NASDAQ:CHTR) at an average price in the low $330s per share during the quarter. At that price level, we found the absolute and relative valuation for the broadband company too compelling to ignore. Our combined Charter exposure is 5.3% via holdings of both Liberty Broadband and Charter.”

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