5 5G Stocks Billionaires Are Loading Up On

4. T-Mobile US, Inc. (NASDAQ:TMUS)

Number of Hedge Fund Holders: 89

Number of Billionaire Investors: 15

T-Mobile US, Inc. (NASDAQ:TMUS), a major telecommunications company, has made significant strides in expanding its 5G network coverage across the United States. The company has utilized low-band spectrum to achieve broad coverage in both urban and rural areas. Alongside its low-band and mid-band deployments, T-Mobile US, Inc. (NASDAQ:TMUS) has been actively rolling out mmWave technology in select urban areas. In the March quarter, 15 billionaires held shares of T-Mobile US, Inc. (NASDAQ:TMUS) in their portfolios. 

On May 19, Tigress Financial increased its price target on T-Mobile US, Inc. (NASDAQ:TMUS) to $204, up from $202, while maintaining a Buy rating on the shares, noting that T-Mobile US, Inc. (NASDAQ:TMUS)’s “industry-leading” 5G network, with its high-speed capabilities, is expected to drive continued customer growth and improved profitability. 

According to Insider Monkey’s first quarter database, 89 hedge funds were bullish on T-Mobile US, Inc. (NASDAQ:TMUS), compared to 94 funds in the preceding quarter. Billionaire Warren Buffett’s Berkshire Hathaway held the largest stake in the company, consisting of 5.2 million shares worth $759.25 million. 

In its Q4 2021 investor letter, ClearBridge Investments shared its stance on T-Mobile US, Inc. (NASDAQ:TMUS):

“As mentioned, the communication services sector has come under some pressure, and irrational pricing competition has negatively impacted wireless industry growth and profitability of late, weighing on T-Mobile. Faced with these headwinds, and with pressure from other wireless carriers and cable companies that could cause the company to cede share in subscriber growth in 2022, we exited our position in the fourth quarter.”