5 Best Stocks To Invest In According To Brennan Diaz’s Fernbridge Capital Management

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

Fernbridge Capital Management’s Stake Value: $75.8 million
Percentage of Fernbridge Capital Management’s 13F Portfolio: 9.25%
Number of Hedge Fund Holders: 100

T-Mobile US, Inc. (NASDAQ:TMUS) is ranked fourth on our list of the 10 best stocks to invest in according to Brennan Diaz’s Fernbridge Capital Management. The Washington-based company provides wireless communication services under the T-Mobile brand.

Based on our database, Brennan Diaz’s hedge fund holds 523,962 shares in the company at the end of the second quarter of 2021 worth $75.8 million, representing 9.25% of the its portfolio value.

At the end of the second quarter of 2021, 100 hedge funds in the database of Insider Monkey held stakes worth $8.02 billion in T-Mobile US, Inc. (NASDAQ:TMUS), up from 98 the preceding quarter worth $9.06 billion.

On October 18, Citi analyst Michael Rollins reiterated a Buy rating on T-Mobile US, Inc. (NASDAQ:TMUS) with a $167 price target on the company’s shares.

ClearBridge Investments, an investment management firm, in its first-quarter 2021 investor letter mentioned T-Mobile US, Inc. (NASDAQ:TMUS). Here is what the firm said:

“The portfolio’s quality bias and valuation discipline have generated compelling returns over time with typically strong relative results in more challenging environments as it did through the first three quarters of 2020. However, that same quality bias tends to create a more challenging relative performance environment for the Strategy during periods of sharp economic acceleration, which tend to benefit stocks that are more commodity linked or of lower quality. This has been the case during the vaccine- and stimulus-driven rally experienced late last year and during the most recent quarter. Sectors that lagged in the quarter included communication services, where T-Mobile trailed after generating robust returns earlier in the recovery.”