Billionaire Howard Marks’ Top 10 Stock Picks

8. Liberty Global Ltd. (NASDAQ:LBTYA)

Oaktree Capital Management’s Stake Value: $126.09 million

Number of Hedge Fund Holders: 38

Liberty Global Ltd. (NASDAQ:LBTYA) is a communication services company that provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. The company navigated a challenging economic landscape characterized by high interest rates to finish 2024 on a high after a 17% gain.

The impressive run in the market was backed by revenue growth of 3.53% over 12 months and a 4.35% gain in the third quarter. Furthermore, Liberty Global Ltd.’s (NASDAQ:LBTYA) remarkable gross profit margin of 67.46% demonstrates effective cost control. Additionally, Liberty Global Ltd. (NASDAQ:LBTYA) intends to rebrand its Ventures division to Liberty Growth, highlighting its emphasis on investments in digital infrastructure and scalable technology. At the moment, this segment has a $3 billion portfolio. After the Sunrise spin-off, the company plans to implement strategic transactions and operational synergies while maintaining a healthy cash balance of $3.5 billion.

Liberty Global Ltd.’s (NASDAQ:LBTYA) investments in Virgin Media O2, Telenet, VodafoneZiggo, and a $3 billion venture capital portfolio are critical to its long-term success. Despite the pressures of competition, the UK’s communication services company is looking to expand through its wholesale operations and broadband footprint.