Billionaire Michael Hintze Portfolio: Top 5 Stock Picks

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1. Fox Corporation (NASDAQ:FOX)

CQS Cayman LP Stake Value: $74,020,000
Percentage of CQS Cayman LP’s 13F Portfolio: 4.22%
Number of Hedge Fund Holders: 25

Michael Hintze’s CQS Cayman LP holds a $74.02 million position in Fox Corporation (NASDAQ:FOX) as of Q3 2021, accounting for 4.22% of the fund’s total investments. The hedge fund increased its stake in Fox Corporation (NASDAQ:FOX) by 61% in the third quarter.

Fox Corporation (NASDAQ:FOX) saw a decrease in hedge fund sentiment recently. The number of long hedge fund positions declined to 32 at the end of the third quarter compared to 35 positions in the previous quarter.

In its fourth-quarter 2020 investor letter, Silver Ring Value Partners mentioned Fox Corp (NASDAQ:FOX). Here is what the fund said:

“I sold our investment in FOX during the quarter at a small loss and redeployed the proceeds into shares of Discovery Communications and Mednax. The main reason for my sale was a new competitive threat, which widened the range of likely company outcomes. Furthermore, it added a competitive threat to the existing threat of secular decline that the industry is already battling to overcome. The probability of being right on having two independent things work out for the company is much lower than of it overcoming just one problem.

Fox Corp gets a substantial majority of its profits from Fox News. This is a network with very inelastic demand which has appeal to the ~45% of the country with conservative political views. With President Trump having lost the election, he began to agitate his supporters to switch viewership to more right-wing news outlets that were being more supportive of him and his claims about the election. Furthermore, there has been talk of him launching or backing a competing network, fracturing the conservative audience.…”(Click here to see the full text)

You can also take a peek at Top 10 Stock Picks of David Halpert’s Prince Street Capital Management and Top 10 Stock Picks of Shashin Shah’s Think Investments

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