Japanese Billionaire Masayoshi Son is Dumping These 4 Stocks

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

Number of Hedge Fund Holders: 96

T-Mobile US, Inc. (NASDAQ:TMUS) is a Bellevue, Washington-based wireless network operator in the US with a headcount of over 75,000 employees.

T-Mobile US, Inc. (NASDAQ:TMUS) has been forced to reduce its employee headcount in the engineering and network divisions in a move to restructure its operations following the merger with Sprint, which closed in April 2020. The acquisition with Sprint gave Softbank a 27% stake in the merged entity. On the other hand, the stake of the parent Deutsche Telekom diluted from 62% to around 42%. However, the positive outcome of the merger and the strong performance of T-Mobile US, Inc. (NASDAQ:TMUS) has made the parent company increase its stake to more than 50% again.

During Q2 2022, Softbank reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 34%, or 21.15 million shares, to 39.77 million shares only. Meanwhile, Deutsche Telekom has been able to increase its stake to 48.4% at the end of Q2 2022.

In its Q4 2021 investor letter, ClearBridge Investments shared its stance on T-Mobile US, Inc. (NASDAQ:TMUS):

“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.”