Michael Hintze’s 2022 Portfolio: Top 5 Stock Picks

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1. Fox Corporation (NASDAQ:FOX)

CQS Cayman’s Stake Value: $80,031,000

Percentage of CQS Cayman’s 13F Portfolio: 5.53%

Number of Hedge Fund Holders: 38

Fox Corporation (NASDAQ:FOX) is a New York-based news, sports, and entertainment company. The company operates through three segments – Cable Network Programming, Television, and Other, Corporate and Eliminations. Michael Hintze’s CQS Cayman owned 2.20 million shares of Fox Corporation (NASDAQ:FOX) in Q1 2022, worth $80 million, representing 5.53% of the total value of its 13F holdings. 

On June 2, Wolfe Research analyst Peter Supino downgraded Fox Corporation (NASDAQ:FOX) to ‘Peer Perform’ from ‘Outperform’ with a price target of $39, down from $52. The analyst told investors that FY23 catalysts are already “baked-into consensus estimates” and while sports and news drive the pay-TV bundle, they “too are leaky buckets”.

Among the hedge funds tracked by Insider Monkey, Donald Yacktman’s Yacktman Asset Management was the largest shareholder of Fox Corporation (NASDAQ:FOX) in Q1 2022, with 8.5 million shares worth $310.2 million. Overall, 38 hedge funds were bullish on the stock at the conclusion of March 2022, up from 31 funds in the prior quarter.

You can also take a look at Disney (DIS) and 9 Other Stocks Billionaire Phill Gross Was Buying Up in Q1 and Billionaire Cliff Asness Was Relentlessly Buying Meta Platforms (META) and These 9 Stocks in Q1.

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