Here’s Why the Market Is Overreacting to T-Mobile Hack and How You Could Win if You Go Against the Flow

Hedge funds are bullish on T-Mobile US Inc (NYSE:TMUS). Of the around 730 elite funds we track, 69 funds owned $3.46 billion of the company’s shares (representing 11.00% of the float) on June 30, versus 50 funds and $2.59 billion respectively on March 31. John Paulson‘s Paulson & Co kept its position the same at 23.84 million shares, while Dan Loeb’s Third Point established a new holding of 6.5 million shares. Israel Englander’s Millennium Management upped its holding by 3% to 3.64 million shares, while John Brennan’s Sirios Capital Management raised its stake by 6% on the quarter to 3.53 million shares. James Dinan’s York Capital Management established a new position of 3.16 million shares too.

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