Billionaire Chris Hohn’s Top 5 Stock Picks

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

The communications services provider Charter Communications Inc. is the largest stock holding of TCI Fund Management, accounting for 22.60% of the overall portfolio. The stock is up 22% over the last 12 months.

As of the end of the fourth quarter, 90 hedge funds in Insider Monkey’s database of 887 funds held stakes in Charter Communications, Inc., compared to 88 funds in the third quarter. Chris Hohn’s TCI Fund Management is the company’s most significant stakeholder, with 10.4 million shares worth $6.9 billion.

Avenir Capital said in their investor letter that Charter Communications Inc. (NASDAQ: CHTR) was one of their biggest gainers.

Here is what Avenir Capital has to say about Charter Communications, Inc. in their investor letter:

“Our third biggest gainer was Charter Communications, the U.S. broadband connectivity business. Our opportunity to buy Charter came in early 2018 when the business was sold off heavily on fears of cable TV cord cutting and the impact of streaming businesses such as Netflix on traditional cable. We felt the bulk of Charter’s underlying value came from its broadband internet business, a highly concentrated industry in which Charter holds a dominant position, not the traditional cable TV business. Charter’s share price has increased by 112% since our initial purchase at US$313 per share, including an increase of 35% in 2020 to end the year at US$665 per share.”

You can also take a peek at 15 Most Valuable Asian Companies and Billionaire Mario Gabelli’s Top 10 Stock Picks.

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