5 Stocks Warren Buffett and Insiders Are Crazy About

3. Charter Communications Inc (NASDAQ:CHTR)

Warren Buffett’s Stake: $1,488,232,788

Chris Winfrey, the President and CEO of Charter Communications Inc (NASDAQ:CHTR), snapped up 5,050 shares of the telecom company on February 6 at $295.29 per share. As of March 6 the stock was trading at around $280.85. That means since Winfrey bought Charter Communications Inc (NASDAQ:CHTR) shares the stock has gained about 5.14%.

As of the end of the fourth quarter of 2023, Warren Buffett owns a $1.5 billion stake in Charter Communications Inc (NASDAQ:CHTR).

Here is what Weitz Conservative Allocation Fund has to say about Charter Communications, Inc. (NASDAQ:CHTR) in its Q3 2023 investor letter:

“We swapped the Fund’s Liberty Broadband Corporation (NASDAQ:LBRDK) shares back to Charter Communications, Inc. (NASDAQ:CHTR) (Charter is by far Liberty Broadband’s largest asset), and the combined position was the most notable quarterly contributor. Investor sentiment around broadband’s competitive position became less negative, and the stocks rebounded nicely from what we considered oversold levels.”