In this article, we discuss 9 stocks to buy now according to Munir Javeri’s 3G Sahana Capital Management. If you want to skip our detailed analysis of Javeri’s history, investment philosophy, and hedge fund performance, go directly to 5 Stocks to Buy Now According to Munir Javeri’s 3G Sahana Capital Management.
The Massachusetts Institute of Technology awarded Munir Javeri a Bachelor of Science degree in 2000. He started his career as an associate at Oak Investment Partners. Later, he served as the vice president at Soros Fund Management, as a partner and portfolio manager at Gandhara Capital, and as a partner at 3G Capital. Munir Javeri started 3G Sahana Capital Management, a Connecticut-based long-bias hedge fund, in February 2020. Currently, he is working as the managing partner at 3G Sahana Capital Management.
3G Sahana Capital Management invests in public shares using an ultra-concentrated and opportunistic strategy. The hedge fund has a 13F portfolio worth over $889.33 million as of Q4 2021, up from $874.71 million in the previous quarter, with a 98.45% concentration of the top 10 holdings. During the fourth quarter, the fund added 2 new positions, increased its interests in 4 stocks, sold out of 1 stock, and reduced its stakes in 5 others. The hedge fund made significant investments in the communications, consumer discretionary, industrials, information technology, and finance sectors.
Comcast Corporation (NASDAQ:CMCSA), Booking Holdings Inc. (NASDAQ:BKNG), and Charter Communications, Inc. (NASDAQ:CHTR) are among the fund’s major holdings in the fourth quarter.
In Comcast Corporation (NASDAQ:CMCSA), Munir Javeri owns 3.61 million shares. Comcast Corporation (NASDAQ:CMCSA) and Apple Inc. (NASDAQ:AAPL) introduced Apple TV+ across Comcast’s U.S. entertainment platforms on March 7, providing another vital link between an extensive subscriber base and Apple’s early streaming ambitions.
Source: pexels
3G Sahana Capital Management also holds 60,782 shares of Booking Holdings Inc. (NASDAQ:BKNG), an American travel technology firm. In the aftermath of the recent 20% drop in the stock, Evercore ISI analyst Mark Mahaney upgraded Booking Holdings to Outperform from In-Line and boosted his price target to $2,900, up from $2,500, as he revised projections to reflect a quicker rebound in leisure travel.
Munir Javeri also owns 108,493 shares in Charter Communications, Inc. (NASDAQ:CHTR) after raising his stake in the company by 50%. Publishing its Q4 results on January 28, Charter Communications, Inc. (NASDAQ:CHTR) posted earnings per share of $8.93, beating estimates by $2.02. The quarterly revenue equaled $13.21 billion, up 4.7% YoY.
Our Methodology
With this background in mind, let’s start our list of 9 stocks to buy now according to Munir Javeri’s 3G Sahana Capital Management. For this list, we considered Javeri’s 13F portfolio as of Q4 2021.
Stocks to Buy Now According to Munir Javeri’s 3G Sahana Capital Management
9. Six Flags Entertainment Corporation (NYSE:SIX)
3G Sahana Capital Management Stake Value: $21,987,000
Percentage of 3G Sahana Capital Management’s 13F Portfolio: 2.47%
Number of Hedge Fund Holders: 46
Six Flags Entertainment Corporation (NYSE:SIX) is an American amusement park company headquartered in Arlington, Texas. Six Flags Entertainment Corporation (NYSE:SIX) was raised to Buy from Hold by Deutsche Bank analyst Chris Woronka on March 4, with a price objective of $57, up from $45.
Six Flags Entertainment Corporation (NYSE:SIX) is one of the newest acquisitions of 3G Sahana Capital Management in Q4. The hedge fund started building its position in the company with a stake worth over $21.99 million. The company accounted for 2.47% of the hedge fund’s portfolio.
In the fourth quarter of 2021, 46 hedge funds reported holding Six Flags Entertainment Corporation (NYSE:SIX) shares in their portfolio, with a total value of $1.24 billion. In comparison, 42 hedge funds held stakes in Six Flags Entertainment Corporation (NYSE:SIX) at the end of Q3 2021. According to filings for Q4, H Partners Management is the most significant stakeholder of Six Flags Entertainment Corporation (NYSE:SIX), with 8.93 million shares valued at $380.03 million.
Six Flags Entertainment Corporation (NYSE:SIX), like Comcast Corporation (NASDAQ:CMCSA), Booking Holdings Inc. (NASDAQ:BKNG), and Charter Communications, Inc. (NASDAQ:CHTR), is one of the stocks that investors are flocking to.
8. Liberty Broadband Corporation (NASDAQ:LBRDA)
3G Sahana Capital Management Stake Value: $44,574,000
Percentage of 3G Sahana Capital Management’s 13F Portfolio: 5.01%
Number of Hedge Fund Holders: 22
Liberty Broadband Corporation (NASDAQ:LBRDA) is a holding company involved in the broadband, cable, and mobile location technology industries. In the first quarter of 2012, 3G Sahana Capital Management made its initial investment in Liberty Broadband Corporation (NASDAQ:LBRDA). Even after selling 38,431 shares of Liberty Broadband Corporation (NASDAQ:LBRDA) stock in the fourth quarter of 2021, Munir Javeri’s 3G Sahana Capital Management still holds 276,683 shares of the company worth about $44.57 million.
On December 15, Pivotal Research analyst Jeffrey Wlodarczak decreased his price objective on Liberty Broadband Corporation (NASDAQ:LBRDA) from $267 to $212 and kept a Buy rating on the stock. The analyst modified his total value after a $200 cut in Charter Communications, Inc. (NASDAQ:CHTR)’s target price to $800.
Liberty Broadband Corporation (NASDAQ:LBRDA) experienced negative hedge fund sentiment in Q4 2021, as 22 hedge funds tracked by Insider Monkey held stakes in the company, down from 24 in the previous quarter. The total value of these stakes is over $754.79 million.
In its Q4 2021 investor letter, Weitz Investment Management mentioned Liberty Broadband Corporation (NASDAQ:LBRDA). Here is what the fund said:
“Finally, a couple of old favorites. Liberty Broadband owns 26% of Charter Communications, the second-largest U.S. cable company. Charter finished the year -20.6% from its recent high, and we believe it is a cheap stock in its own right. Liberty Broadband, whose primary asset is its Charter shares, offers Charter ownership at a discount. Another Liberty company, Liberty SiriusXM, owns over 80% of SiriusXM Satellite Radio. We believe that SiriusXM is undervalued and that the Liberty SiriusXM structure allows us to own the company at a discount. Both Charter Communications and SiriusXM are growing nicely, generating prodigious amounts of free cash flow and buying back lots of their own stock. John Malone controls both of these Liberty securities, and we believe he will find ways to close the discounts and extract maximum value for shareholders. Both Liberty securities were stock market duds in 2021, but we expect them to be contributors in 2022 regardless of what the general market does.”
7. Marsh & McLennan Companies, Inc. (NYSE:MMC)
3G Sahana Capital Management Stake Value: $48,099,000
Percentage of 3G Sahana Capital Management’s 13F Portfolio: 5.4%
Number of Hedge Fund Holders: 48
Marsh & McLennan Companies, Inc. (NYSE:MMC) is a professional services firm that offers clients advice and solutions in risk, strategy, and people management. The number of hedge funds tracked by Insider Monkey holding stakes in Marsh & McLennan Companies, Inc. (NYSE:MMC) climbed to 48 in Q4, up from 42 in the preceding quarter. The total value of these stakes is over $1.83 billion.
On the other hand, Munir Javeri’s 3G Sahana Capital Management disclosed a decreased stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 47% as of Q4 2021. This leaves the investment value at 276,715 shares worth $48.10 million.
After the company’s Q4 results, RBC Capital analyst Mark Dwelle decreased his price objective on Marsh & McLennan Companies, Inc. (NYSE:MMC) to $170 from $183 and maintained a Sector Perform rating on the stock. The analyst preferred a neutral approach due to Marsh McLennan’s margin risks and the stock’s “historically high valuation.”
6. Activision Blizzard, Inc. (NASDAQ:ATVI)
3G Sahana Capital Management Stake Value: $49,729,000
Percentage of 3G Sahana Capital Management’s 13F Portfolio: 5.59%
Number of Hedge Fund Holders: 70
Activision Blizzard, Inc. (NASDAQ:ATVI) is a California-based video game holding corporation. Warren Buffett’s Berkshire Hathaway held the largest position in Activision Blizzard, Inc. (NASDAQ:ATVI) in Q4, with stakes valued at $975.21 million.
On February 4, Benchmark analyst Mike Hickey boosted Activision Blizzard, Inc. (NASDAQ:ATVI)’s price objective to $100 from $95 and maintained a Buy rating. Hickey told investors in a research report that Modern Warfare 2, Diablo Immortals, Warzone 2.0, World of Warcraft, and Candy Crush could help the firm prosper in fiscal 2022.
Activision Blizzard, Inc. (NASDAQ:ATVI) recently saw a decrease in hedge fund sentiment. The number of long hedge fund positions declined to 70 at the end of the fourth quarter, compared to 80 positions in the previous quarter.
In addition to Comcast Corporation (NASDAQ:CMCSA), Booking Holdings Inc. (NASDAQ:BKNG), and Charter Communications, Inc. (NASDAQ:CHTR), Activision Blizzard, Inc. (NASDAQ:ATVI) is a notable stock from Munir Javeri’s Q4 portfolio.
Baron Funds, in its Q3 2021 investor letter mentioned Activision Blizzard, Inc. (NASDAQ:ATVI). Here is what the firm said:
“Core Growth businesses were hurt by the rotation into more value and cyclical businesses. Despite the rotation, this business category still outperformed the broader Index. Activision Blizzard, Inc. were pressured by political activities. Activision faced regulatory concerns in China and investors shifted to more stable businesses.”
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Disclosure: None. 9 Stocks to Buy Now According to Munir Javeri’s 3G Sahana Capital Management is originally published on Insider Monkey.
