Jonathan Bloomberg’s Top 5 Stock Picks

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

BloombergSen’s Stake Value: $150 million

Percentage of BloombergSen’s 13F Portfolio: 7.93% 

Number of Hedge Fund Holders: 75

Charter Communications, Inc. (NASDAQ:CHTR) is a member of Jonathan Bloomberg’s 13F stock portfolio since 2013. Despite underperformance in 2021, its stock price is up 170% in the last five years. The communications company generated third-quarter revenue of $13.1 billion, up 9.2% year-over-year. The revenue growth is driven by mobile revenue growth of 45.4%,  residential revenue growth of 9.4%, and commercial revenue growth of 7.1%. 

Charter Communications investors should pay attention to an increase in activity from the world’s largest hedge funds of late. It was in 75 hedge funds’ portfolios as of the end of June quarter compared to 74 positions in the prior quarter.