Avenir Capital recently released its Q3 2020 Investor Letter, a copy of which you can download here. The Avenir Global Fund (the “Fund”) increased 8.7% for the September 2020 quarter bringing the past 1-year return to –3.9% (net). The MSCI ACWI index (AUD) returned 3.9% for the quarter and the same for past year. You should check out Avenir Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.
In the said letter, Avenir Capital highlighted a few stocks and Charter Communications Inc (NASDAQ:CHTR) is one of them. Charter Communications Inc (NASDAQ:CHTR) is a telecommunications company. Year-to-date, Charter Communications Inc (NASDAQ:CHTR) stock gained 32.3% and on November 17th it had a closing price of $641.51. Here is what Avenir Capital said:
“Charter was also a strong performer with the share price up over 22% over the quarter. Charter had a very strong second quarter with broadband customers up by 850,000 and video subscribers up by 102,000 (Charter hasn’t seen an increase in video subscribers since 2016). Adjusted EBITDA was up 7.3% and the company continued its program of share repurchases. Charter has performed well during the pandemic with the share price up 24% since the beginning of the year.”
Agenturfotografin/Shutterstock.com
In Q2 2020, the number of bullish hedge fund positions on Charter Communications Inc (NASDAQ:CHTR) stock decreased by about 8% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t believe in Charter’s growth potential. Our calculations showed that Charter Communications Inc (NASDAQ:CHTR) is ranked #21 among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:
Disclosure: None. This article is originally published at Insider Monkey.
