5 Best Stocks to Buy Now According to Billionaire Andreas Halvorsen

1. T-Mobile US Inc. (NYSE:TMUS)

Viking Global Investors’ Stake Value: $1.7B

Percentage of Viking Global Investors’ 13F Portfolio: 6.96%

Number of Hedge Fund Holdings: 91

T-Mobile US Inc. (NYSE:TMUS) is a Bellevue-based American wireless network operating company, and is the second largest wireless carrier in the US. T-Mobile US Inc. (NYSE:TMUS) provides wireless voice and data services in the US and was named as the number one American wireless carrier in 2015 by Consumer Reports. As of the first quarter of 2022, Halvorsen’s Viking Global is the largest stakeholder in the company, owning more than 13.4 million shares valued at around $1.7 billion. This means that T-Mobile US Inc. (NYSE:TMUS) makes up for 6.96% of Halvorsen’s 13F investment portfolio, with the billionaire strengthening his hold over the stock by 3%.

Investor interest in T-Mobile US Inc. (NYSE:TMUS) in Q1 2022 has risen as compared to the previous quarter, with the number of hedge funds which have stakes in the company increasing from 86 to 91. This may be a result of T-Mobile’s (NYSE:TMUS) behemoth 5G network, which has increased its customer base to over 315 million in the US.

ClearBridge Investments mentioned T-Mobile US Inc. (NYSE:TMUS) in their Q4 2021 investor letter. This is what they said:

“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.”

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