Michael Hintze’s 2022 Portfolio: Top 5 Stock Picks

2. Liberty Global plc (NASDAQ:LBTYA)

CQS Cayman’s Stake Value: $50,543,000

Percentage of CQS Cayman’s 13F Portfolio: 3.49%

Number of Hedge Fund Holders: 28

Liberty Global plc (NASDAQ:LBTYA) is a London-based broadband internet, video, fixed-line telephony, and mobile communications company. In the first quarter of 2022, Michael Hintze’s CQS Cayman owned about 2 million shares of Liberty Global plc (NASDAQ:LBTYA), worth $50.5 million, representing 3.49% of its total 13F holdings. The hedge fund boosted its position in the company by 32% in Q1 2022. 

On July 14, Deutsche Bank analyst Robert Grindle maintained a ‘Buy’ rating on Liberty Global plc (NASDAQ:LBTYA) but lowered the price target on the stock to $32 from $38 ahead of the company’s Q2 results. As per the analyst, it is difficult to predict what will immediately reverse the stock’s downward trend apart from a sustained market rally, but if the company seeks out a privatization deal, it would not be surprising.

Among the hedge funds tracked by Insider Monkey, Seth Klarman’s Baupost Group featured as the biggest stakeholder of Liberty Global plc (NASDAQ:LBTYA) as of Q1 2022, with roughly 54 million shares worth $1.39 billion. Overall, 28 hedge funds were bullish on the stock at the end of Q1 2022.