50 Top Stock Picks In Q2 That Billionaires Love

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Charter Communications

New York Post

Market Value: $125.9 billion
Billionaire Investor: Third Point (Daniel Loeb)
Percent of Portfolio: 5.1%

Another company that hedge fund firm Third Point has recently bought more stock of is Charter Communications. Daniel Loeb, who happens to be worth $2.9 billion, decided to purchase another 450,000 shares of the cable company in the second quarter alone. Rumor has it that the head honchos of Charter weren’t exactly thrilled by this, mostly because Third Point is known to be an activist investor, having already claimed some stake in the company in the first quarter as well. With the newly acquisitioned stocks, Charter accounts for 5.1% equity portfolio for Third Point.