NWI Management Was Right About Apple Inc. (AAPL), Petroleo Brasileiro Petrobras SA (ADR) (PBR), More

A total of 600,000 shares of Comcast Corporation (NASDAQ:CMCSA) were amassed by NWI Management as of the end of the June quarter, up by 20% from the end of March. The total value of the position stood at $39.11 million on June 30 and accounted for 3.25% of the value of the fund’s equity portfolio. Comcast’s stock returned 2.2% in the quarter ended September 30.

Comcast Corporation (NASDAQ:CMCSA) investors should be aware of a decrease in hedge fund sentiment of late. CMCSA was in 88 hedge funds’ portfolios at the end of June, down from 90 at the end of the previous quarter. According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, First Eagle Investment Management holds the most valuable position in Comcast Corporation (NASDAQ:CMCSA) on June 30, valued at $1.71 billion. Coming in second is Alex Snow of Lansdowne Partners, with a $1.60 billion position. Some other hedge funds and institutional investors that hold long positions consist of Fisher Asset Management, John Armitage’s Egerton Capital Limited, and Ken Griffin’s Citadel Investment Group.

NWI Management sold off 3% of its big stake in T MOBILE US INC (NYSE:TMUS) in the second quarter, during which time the stock returned over 10%. T Mobile’s stock couldn’t quite repeat that feat, but did return 8% during the third quarter. The fund had a $36.78 million stake in the company, which comprised 850,000 shares. Morgan Stanley recently reiterated an ‘Overweight’ rating on T Mobile and believes that its 2016 was overly conservative.

Heading into the third quarter, a total of 52 of the hedge funds tracked by Insider Monkey were long T Mobile. The largest stake in T MOBILE US INC (NYSE:TMUS) among them was held by Viking Global, which reported holding $604.3 million worth of its stock as of the end of June. It was followed by Soroban Capital Partners with a $389.4 million position. Other investors bullish on the company included Marshall Wace LLP and Jericho Capital Asset Management.

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