Brennan ******* et Management recently released its Q2 2026 investor letter. The letter can be downloaded here. Investors were optimistic about a potential truce with Iran, highlighted by a mid-June memorandum for negotiations on regional security and sanctions, causing oil prices to drop and the market to rally. Despite geopolitical uncertainties, investors remain focused on a surge in AI infrastructure spending, which is expected to heavily influence the global economy, although questions about the returns from this investment loom. Overall, the S&P 500 remains at high valuations, seemingly unfazed by these challenges, while there are few pockets of value left, mostly outside the U.S. market. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Brennan ******* et Management highlighted Charter Communications, Inc. (NASDAQ:CHTR). Charter Communications, Inc. (NASDAQ:CHTR) is a US-based broadband connectivity company. On August 28, 2026, Charter Communications, Inc. (NASDAQ:CHTR) closed at $153.62 per share. The one-month return of Charter Communications, Inc. (NASDAQ:CHTR) was 5.25%, and its shares lost -42.89% over the past 52 weeks. Charter Communications, Inc. (NASDAQ:CHTR) has a market capitalization of $26.9 billion.
Brennan ******* et Management stated the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its Q2 2026 investor letter:
"Charter Communications, Inc. (NASDAQ:CHTR): Universally Hated, We've Been Very Wrong But…~50% Forward Free Cash Flow Yield Incongruous with 2030 Bonds Near Par
As noted earlier, it is incredibly difficult to hold onto winners over time, especially when one has an experience like CHTR. As we have discussed in prior letters, CHTR was once a fantastic winner for us -- really. We sold roughly half and, with the benefit of hindsight, life would be easier if we had sold the rest. What makes it hard is less arithmetic than psychology. A winner that visibly surrenders its gains inflicts far more mental anguish than the same dollar gain ever delivers in pleasure. That asymmetry – the very loss aversion we described with TIGO and GTX – is exactly what tempts investors to sell the sort of hated, mispriced name they should be holding.
#charter #NASDAQ #investors #investor
In its second-quarter 2026 investor letter, Brennan ******* et Management highlighted Charter Communications, Inc. (NASDAQ:CHTR). Charter Communications, Inc. (NASDAQ:CHTR) is a US-based broadband connectivity company. On August 28, 2026, Charter Communications, Inc. (NASDAQ:CHTR) closed at $153.62 per share. The one-month return of Charter Communications, Inc. (NASDAQ:CHTR) was 5.25%, and its shares lost -42.89% over the past 52 weeks. Charter Communications, Inc. (NASDAQ:CHTR) has a market capitalization of $26.9 billion.
Brennan ******* et Management stated the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its Q2 2026 investor letter:
"Charter Communications, Inc. (NASDAQ:CHTR): Universally Hated, We've Been Very Wrong But…~50% Forward Free Cash Flow Yield Incongruous with 2030 Bonds Near Par
As noted earlier, it is incredibly difficult to hold onto winners over time, especially when one has an experience like CHTR. As we have discussed in prior letters, CHTR was once a fantastic winner for us -- really. We sold roughly half and, with the benefit of hindsight, life would be easier if we had sold the rest. What makes it hard is less arithmetic than psychology. A winner that visibly surrenders its gains inflicts far more mental anguish than the same dollar gain ever delivers in pleasure. That asymmetry – the very loss aversion we described with TIGO and GTX – is exactly what tempts investors to sell the sort of hated, mispriced name they should be holding.
#charter #NASDAQ #investors #investor
2 months ago
