Billionaire David Tepper is Loading Up on These 5 Stocks

In this article, we will be looking at the 5 stocks that billionaire David Tepper is loading up on. If you want to see our comprehensive analysis of Tepper’s history, investment philosophy, and hedge fund performance, go directly to Billionaire David Tepper is Loading Up on These 10 Stocks.

5. T-Mobile US, Inc. (NASDAQ:TMUS)  

Appaloosa Management’s Stake Value: $325.15 million

Appaloosa Management’s 13F Portfolio: 7.74% 

Number of Hedge Fund Holders: 89

As of the third quarter, 89 hedge funds tracked by Insider Monkey held stakes in T-Mobile US, Inc. (NASDAQ:TMUS). In contrast, 100 hedge funds reported owning stakes in the company a quarter ago. According to 13F filings for the third quarter, Tepper’s fund owns 2.55 million shares in T-Mobile US, Inc. (NASDAQ:TMUS), having upped his stake by 1% over the last quarter.

The US-based communications company, which operates under T-Mobile and MetroPCS brands, reported earnings per share of $1.31, beating estimates by $0.82. Quarterly revenue of $19.62 billion underperformed estimates by 593.78 million.

On November 4, Morgan Stanley analyst Simon Flannery kept an ‘Overweight’ rating on T-Mobile US, Inc. (NASDAQ:TMUS) shares, raising the price target to $152 from $148.