Billionaire Rob Citrone’s Top 5 Stock Picks

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Below is the list of billionaire Rob Citrone’s top 5 stock picks. For a detailed discussion about Rob Citrone’s investment philosophy and portfolio management strategy please see Billionaire Rob Citrone’s Top 10 Stock Picks.

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

Discovery Capital Management’s stake value: $49.3 million

Percentage of portfolio: 4.23%

Number of hedge fund holders: 92

Rob Citrone’s Discovery Capital Management initiated a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the first quarter of this year. The firm’s strategy of buying a stake in the communications company appears to be working, as TMUS shares have appreciated by more than 24% year-to-date. The company also looks to be in a sound financial position to support returns for shareholders. In the June quarter, its revenue came in at $19.7 billion, thanks to 6% growth in services revenue. The company added 1.8 million net new customers, with the total customer count jumping to a record-high of 110 million.

In its first-quarter investor letter, ClearBridge Investments, an investment management firm, mentioned a few stocks including T-Mobile US. Here is what the firm stated:

“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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