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Billionaires Unloaded These 24 Stocks In Q2

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20. Altice USA (ATUS,$26.94)

Altice USA

Billionaire investor David Einhorn of Greenlight Capital has been nonplussed by Elon Musk and Tesla for a very long time. Not only did he short TSLA stock for years, believing that the company’s quality issues are going to catch up with it, but he also takes issue with the company’s accounting practices. Einhorn has also soured on cable company Altice USA during Q2 2020. Altice was one of the hedge fund’s larger positions, accounting for 5.16% of their portfolio before their 100% sale of shares in Q2. Greenlight Capital has paid $17.66 per share on average since it started accumulating ATUS shares during Q3 2018. With shares as high as $27 in Q2 2020, it is not hard to see why it exited the position, especially knowing that cable investments aren’t generally high-growth businesses anymore.

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