Top 5 Stock Picks of Roberto Mignone’s Bridger Management

Page 5 of 5

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

Bridger Management’s Stake Value: $31,935,000
Percentage of Bridger Management’s 13F Portfolio: 7.19%
Number of Hedge Fund Holders: 68

Broadband communications provider Charter Communications, Inc. (NASDAQ:CHTR) offers voice, internet, and video services. As of December 31, 2021, the corporation has 32.1 million household and enterprise clients.

On August 24, KeyBanc analyst Brandon Nispel increased his price objective on Charter Communications, Inc. (NASDAQ:CHTR) from $555 to $592 while maintaining an ‘Overweight’ rating on the stock. He did this because he was confident that growth would continue despite the company’s subpar KPIs.

Bridger Management reported owning shares worth $31.94 million of Charter Communications, Inc. (NASDAQ:CHTR) at the end of Q2 2022, increasing the position by 30% from last quarter. By the end of Q2 2022, 68 hedge funds tracked by Insider Monkey held stakes in Charter Communications, Inc. (NASDAQ:CHTR), down from 73 in the previous quarter. The aggregate value of these stakes was over $5.69 billion.

Harris Associates is one of the company’s most prominent stakeholders in Q2, holding shares worth roughly $1.95 billion. Next on the list is legendary investor and billionaire Warren Buffett’s Berkshire Hathaway. The Oracle of Omaha owns 3.83 million shares of Charter Communications, Inc. (NASDAQ:CHTR) worth $1.79 billion.

In its Q1 2022 investor letter, ClearBridge Investments highlighted a few stocks, and Charter Communications, Inc. (NASDAQ:CHTR) was one of them. Here is what the fund said:

“We also added to Charter Communications, Inc. (NASDAQ:CHTR), a historically strong performer that has faced headwinds recently due to a deceleration in broadband subscriber growth following a period of robust results during the pandemic.”

You can also take a peek at Top 10 Stock Picks of Glenn Greenberg’s Brave Warrior Capital and Top 10 Stock Picks of Cinctive Capital Management.

Page 5 of 5