Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds and investors’ positions as of the end of the third quarter. You can find write-ups about an individual hedge fund’s trades on several financial news websites. However, in this article we will take a look at their collective moves and analyze what the smart money thinks of T-Mobile US Inc (NYSE:TMUS) based on that data.
Is T-Mobile US Inc (NYSE:TMUS) a buy, sell, or hold? Money managers are getting more optimistic. The number of long hedge fund bets improved by 6 in recent months. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Mizuho Financial Group Inc. (ADR) (NYSE:MFG), The Kroger Co. (NYSE:KR), and Carnival plc (ADR) (NYSE:CUK) to gather more data points.
At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 18% gains over the past 12 months, more than doubling the 8% returns enjoyed by the S&P 500 ETFs.
Hedge fund activity in T-Mobile US Inc (NYSE:TMUS)
At the end of the third quarter, a total of 58 of the hedge funds tracked by Insider Monkey were long this stock, a rise of 12% from the second quarter of 2016. With the smart money’s sentiment swirling, there exists a select group of key hedge fund managers who were boosting their holdings considerably (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, Viking Global, managed by Andreas Halvorsen, holds the biggest position in T-Mobile US Inc (NYSE:TMUS). Viking Global has a $642.7 million position in the stock, comprising 2.8% of its 13F portfolio. The second largest stake is held by Soroban Capital Partners, managed by Eric W. Mandelblatt, which holds a $420.5 million call position. Other hedge funds and institutional investors that hold long positions comprise Paul Marshall and Ian Wace’s Marshall Wace LLP and Ken Griffin’s Citadel Investment Group.