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Insider Monkey follows hedge fund managers because they're the smartest investors around. They leave less to chance than do most investors. They go to great lengths to get an “edge” over ordinary investors. Hedge fund managers also have the resources to do extensive research on public companies, and they have access to experts who can guide them. We believe we are more likely to beat the market by imitating insiders and hedge funds than trading against them. Based on the transactions of nearly 350 hedge funds compiled by Insider Monkey, we present the list of top 17 television stocks hedge funds are buying like crazy:

Comcast Corporation (NASDAQ:CMCSA): Comcast has two publicly traded classes of stock on Nasdaq. This is the Class A Common Stock, and it has voting rights. This $57 billion market-cap company was in the portfolios of 43 hedge funds in the second quarter. The price is hovering around $21 and the stock has lost just over 3% so far this year, which still beats the S&P, which lost nearly 5.5% in the same time period. John Paulson had more than $500 Million invested in CMCSA at the end of June (see billionaire John Paulson’s top picks).

Liberty Media Corporation (LSTZA): This is the Starz arm of Liberty Media Corp. This $3.45 billion market-cap company was in the portfolios of 41 hedge funds last quarter. The stock is trading around $66 and its year to date performance is a loss of about .5%.

Cablevision Systems Corporations (NYSE:CVC): This cable operator has a market cap of nearly $5 billion. Thirty-eight hedge funds had a position in the stock last quarter, which is unfortunate, because the stock has lost more than 27% so far this year. It's currently trading around $17.

Liberty Media Corporation (NASDAQ:LINTA): This is the Interactive arm of Liberty Media Corp. This $9 billion market-cap company was in the portfolios of 37 hedge funds in Q2. The stock is hovering around $15.50 per share and so far has returned a loss of 1.4% this year.

Liberty Global (NASDAQ:LBTYA): This is a European provider of video, internet and telephone services. The A shares get 1 vote per share. The stock has beat the S&P so far this year, returning 8%, compared to the S&P's loss of nearly 5.5% in the same time period. The $10.9 billion market-cap company was in the portfolios of 37 hedge funds last quarter. The price of the stock is approaching $40 per share.

Liberty Media Corporation (LCAPA): This is the Capital Group arm of Liberty Media, and its market cap is $5 billion. Thirty-one hedge funds had a position in this company last quarter, which so far this year has returned 8.5%. The stock's trading close to $68.

Time Warner Cable (NYSE:TWC): This cable operator's stock price is approaching $64/share. Twenty-nine hedge funds had a position in TWC last quarter, which has had a loss of 1.7% so far this year. The company has a market cap of close to $21 billion. Andreas Halvorsen’s Viking Global had more than $700 in TWC at the end of June (see Viking Global’s top stock picks).

Dish Network Corporation (NASDAQ:DISH): This pay-television provider has a market cap of around $10.8 billion. Twenty-six hedge funds had it in their portfolios last quarter. The stock has had an outstanding return year-to-date of nearly 24%. It's currently trading at around $24.

Charter Communications (NASDAQ:CHTR): This is the best performer on this list, returning more than 25% year-to-date. Twenty-five hedge funds had this $5.4 billion market-cap company in their portfolios last quarter. The stock is trading near $50 per share.

Comcast Corporation (NASDAQ:CMCSK): Comcast has two publicly traded classes of stock on Nasdaq. This is the Class A Special Common Stock, and it does not have voting rights. This stock was in the portfolios of 23 hedge funds last quarter. Its year-to-date performance is about 1.5%.

Liberty Global (NASDAQ:LBTYK): This is a European provider of video, internet and telephone services. The K shares have no voting power. This has returned more than 8% so far this year, and that's good news to the 23 hedge funds that had in their portfolios in Q2. The company has a $10.5 billion market cap and is trading close to $37 per share right now.

Discovery Communications (NASDAQ:DISCK): This nonfiction media and entertainment company has a market cap of around $15.7 billion. This entry focuses on the class C shares, which do not have voting power. The stock is trading close to $39/share and has returned close to 6% so far this year. Twenty-one hedge funds had DISCK in their portfolios last quarter.

Scripps Networks Interactive (NYSE:SNI): This lifestyle content and interactive services company has a market cap of above $6.6 billion. Nineteen hedge funds had a position in SNI last quarter. The stock, currently trading at around $41, has lost close to 21% so far this year.

Discovery Communications (NASDAQ:DISCA): This nonfiction media and entertainment company has a market cap of around $16.3 billion. This entry focuses on the class A shares, which have one vote per share. The stock is trading at around $40 per share. Seventeen hedge funds had this in their portfolios last quarter. The stock has lost 3.3% so far this year.

Viacom (VIA.B): This entertainment company has so far returned more than 15% this year. Thirteen hedge funds had it in their portfolios last quarter. The company has a market cap of $26 billion and the stock is trading at just above $45 per share. Eric Mindich has more than $500 million invested in this stock at the end of June.

Rogers Communication (NYSE:RCI): This wireless, media and cable company has a market cap of just above $21 billion. Five hedge funds had an RCI position last quarter, and the stock is trading at around $39 per share. The stock is performing quite well, returning close to 14% so far this year.

17. Shaw Communications (NYSE:SJR): This Canadian communications company has a market cap of close to $9.5 billion. Four hedge funds had a position in this company last quarter. The stock is trading at around $22 per share and has returned about 5% so far this year. D.E. Shaw and billionaire Ray Dalio had small positions in this stock.

As a group, these stocks beat the S&P in terms of performance this year. The stocks averaged a return of 3.3% year to date, above the S&P's loss of 5.4% in the same time period.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 17 Top TV Stocks Hedge Funds Love