Investors Are Clamoring for T-Mobile US Inc (TMUS)

Now, key hedge funds were leading the bulls’ herd. Maverick Capital, managed by Lee Ainslie, created the largest position in T-Mobile US Inc (NYSE:TMUS). Maverick Capital had $44.5 million invested in the company at the end of the quarter. Keith Meister’s Corvex Capital also initiated a $40.4 million position during the quarter. The following funds were also among the new TMUS investors: Leon Shaulov’s Maplelane Capital, Ben Gambill’s Tiger Eye Capital, and Alok Agrawal’s Bloom Tree Partners.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as T-Mobile US Inc (NYSE:TMUS) but similarly valued. These stocks are Mizuho Financial Group Inc. (ADR) (NYSE:MFG), The Kroger Co. (NYSE:KR), Carnival plc (ADR) (NYSE:CUK), and Travelers Companies Inc (NYSE:TRV). All of these stocks’ market caps are closest to TMUS’s market cap.

As you can see these stocks had an average of 21.25 hedge funds with bullish positions and the average amount invested in these stocks was $385 million. That figure was $3.34 billion in TMUS’s case. The Kroger Co. (NYSE:KR) is the most popular stock in this table. On the other hand Mizuho Financial Group Inc. (ADR) (NYSE:MFG) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks T-Mobile US Inc (NYSE:TMUS) is more popular among hedge funds. Considering that hedge funds are very fond of this stock in relation to its market cap peers and growing fonder, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None