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Foxhaven Asset Management decreased its holding in Twenty-First Century Fox Inc (NASDAQ:FOX) in the third quarter, selling 16% of its stake in the company. The investment firm owns 1.56 million shares of the company valued at over $42.46 million on September 30. FOX did not perform well in the third quarter, losing 8.5% of its value.

At Q2’s end, a total of 29 of the hedge funds tracked by Insider Monkey were bullish on this stock, unchanged from the previous quarter. Among these funds, ValueAct Capital held the most valuable stake in Twenty-First Century Fox Inc (NASDAQ:FOX), which was worth $1.29 billion at the end of the second quarter. On the second spot was Eagle Capital Management, which amassed $880.8 million worth of shares. Moreover, Yacktman Asset Management, Route One Investment Company, and Baupost Group were also bullish on Twenty-First Century Fox Inc (NASDAQ:FOX).

Foxhaven Asset Management upped its stake in Grupo Televisa SAB (ADR) (NYSE:TV) by 44% in the third quarter, ending the period with 1.15 million shares of the company valued at $29.53 million. The hedge fund had 794,821 shares of the company as of the end of the second quarter. The investment proved to be a disappointment in Q3 as the stock lost 1.3% during the quarter, but the fund is obviously quite bullish on the stock, having added to its position.

Heading into the third quarter of 2016, it was one of the 22 hedge funds tracked by Insider Monkey long the stock, a 24% decline from one quarter earlier, as other funds weren’t quite so bullish. First Eagle Investment Management held the most valuable stake in Grupo Televisa SAB (ADR) (NYSE:TV) among those funds, which was worth $901.3 million at the end of the second quarter. On the second spot was the Bill & Melinda Gates Foundation Trust, which amassed $439.5 million worth of shares. Moreover, Select Equity Group, FPR Partners, and Fisher Asset Management were also bullish on Grupo Televisa SAB (ADR) (NYSE:TV).

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