Top 5 Stocks to Buy and Hold According to MIG Capital

1. Cogent Communications Holdings Inc. (NASDAQ:CCOI)

As with Liberty Global, Cogent Communications Holdings Inc. (NASDAQ:CCOI) has been in MIG Capital’s 13F portfolio since Q3 of 2014. Over seven years later the fund is still extremely bullish on the internet service provider, as Cogent Communications Holdings Inc. (NASDAQ:CCOI) ranks as its largest stock holding as of September 30. MIG owned 863,953 shares at that time, valued at $61.2 million.

While MIG remains extremely bullish, White Brook Capital isn’t, having recently sold out of Cogent Communications Holdings Inc. (NASDAQ:CCOI). In its Q3 2021 investment letter, the fund said that the pandemic is likely to have permanently shrunk Cogent’s customer base, as smaller businesses will increasingly opt to work remotely rather than in a small office, which is what Cogent specializes in. The fund does believe that Cogent will figure out some alternatives or look to sell itself, but wanted to deploy its capital into more promising investment opportunities.

You can also take a peek at the Top 10 High Growth Stocks To Buy in 2021 and 15 Biggest Companies That Use Shopify.

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