Charter Communications, Inc. (CHTR), Microsoft Corporation (MSFT) & More: Should You Follow Billionaire Jorge Paulo Lemann’s 3G Capital Into These Bets?

In Steel Dynamics, Inc. (NASDAQ:STLD), 3G Capital amassed 2.50 million shares worth $61.25 million heading into the third quarter, during which the stock inched up by 2.6%. During the second quarter, the number of funds from our database long the company declined by 11% to 31. More specifically, AQR Capital Management was the largest shareholder of Steel Dynamics, Inc. (NASDAQ:STLD), with a stake worth $75.6 millions reported as of the end of June. Trailing AQR Capital Management was 3G Capital. Renaissance Technologies, Anchor Bolt Capital, and Citadel Investment Group also held valuable positions in the company.

Finally, Microsoft Corporation (NASDAQ:MSFT) was represented in 3G Capital’s equity portfolio by a $51.29 million position containing 1.0 million shares at the end of June. During the following three months, shares of the tech giant gained 13.3%, lifting the returns of 131 funds tracked by us that were long the stock heading into the third quarter. Among these funds, Jeffrey Ubben’s ValueAct Capital had the number one position in Microsoft Corporation (NASDAQ:MSFT), worth close to $2.90 billion. The second most bullish fund manager was Boykin Curry of Eagle Capital Management, with a $1.56 billion position. Remaining peers that held long positions included First Eagle Investment Management, Fisher Asset Management, and Lone Pine Capital.

Disclosure: none