Billionaire Nelson Peltz’s Top 5 Stock Picks

3. Comcast Corporation (NASDAQ: CMCSA)

Value: $1,040,554,000
Percent of Nelson Peltz’s 13F Portfolio: 15.39%
Number of Hedge Fund Holders: 84

As of the end of the fourth quarter, 84 hedge funds in Insider Monkey’s database of 887 funds held stakes in Comcast Corporation, compared to 82 funds in the third quarter. Eagle Capital Management is the biggest stakeholder in the company, with 41.9 million shares, worth $2.2 billion.

Cooper Investors, in their Q4 2020 Investor Letter said that they sold their position in Comcast Corporation (NASDAQ: CMCSA) because of the uncertainties they saw in the company.

Here is what Cooper Investors has to say about Comcast Corporation in their investor letter:

“During the quarter the portfolio exited its position in Comcast, a long term holding having been in the portfolio since 2013. We were attracted to Comcast’s high quality cable assets which we view as unique communication infrastructure that continues to perform well as it serves the persistent demand for high speed broadband. However the outlook for their media and content assets in NBCU and Sky has become increasingly uncertain while remaining a key area of management focus and capital allocation. This clouded view on industry trends led us to seek more attractive investment propositions elsewhere.”