T-Mobile US Inc (NASDAQ:TMUS) climbed a couple of spots in Andor’s equity portfolio as the investor added 250,000 shares to its position and the stock inched up by some 3% during the third quarter. Andor held 1.25 million shares of the company worth $49.76 million at the end of September. T-Mobile US Inc (NASDAQ:TMUS) has gained more than 38% since the beginning of the year, but it is trading at a fair forward earnings multiple of 15.5. In a recent report, on Barron’s, Sergey Dluzhevskiy, an Associate Portfolio Manager of the Mario Gabelli’s GAMCO Global Telecommunications Fund, reaffirmed GAMCO’s ‘Buy’ rating on T-Mobile US Inc (NASDAQ:TMUS) stock and said it could reach $83 by 2019. Meanwhile, at the end of June, 69 funds among those we track held 11% of T-Mobile’s outstanding stock. GAMCO Investors reported holding 349,050 shares as of the end of September.
Alphabet Inc (NASDAQ:GOOGL) represents Andor’s second-larges holding and its top new position as of the end of September. The fund added 100,000 shares of the company’s class A stock, which carried a value of $63.84 million. Alphabet Inc (NASDAQ:GOOGL) is one of the best tech giants to invest in, as it has steadily climbed over the past years and has been focusing on the long-term growth. One of the investors most bullish on Alphabet is Leon Cooperman. His fund, Omega Advisors has recently conducted an investor conference call, in which it presented Alphabet as its top holding and projecting a 21% growth rate in the next three to five years. Billionaire Ken Fisher’s Fisher Asset Management is also betting big on Alphabet Inc (NASDAQ:GOOGL), owning 915,214 shares of class A stock and 523,585 class C shares as of the end of September.
Finally, Tesla Motors Inc (NASDAQ:TSLA) remained Andor’s top pick, the investor leaving the stake unchanged at 1.0 million shares valued at $248.40 million. The position amassed 39% of Andor’s equity portfolio. Tesla is one of Andor’s long-term bets and even though the stock has declined by around 12% over the last 52 weeks, the company has some potential to grow as it transitions from becoming a high-tech company to becoming an automaker. However, the short seller Jim Chanos doesn’t think Tesla Motors Inc (NASDAQ:TSLA) will succeed in this process, as he stated in a recent interview (see more detail here). On the other hand, environmentalist Al Gore, who also runs Generation Investment Management, has said that Tesla will stand to benefit from the renewable energy development and lower battery costs (see article). Another investor bullish on Tesla Motors Inc (NASDAQ:TSLA) is billionaire Ron Baron, who considers that Tesla’s stock could grow as much as four times its current value in the next five years.