5 Best Stocks to Buy According to Billionaire Brian Higgins

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

Higgins’ Stake Value: $119,652,000
Percentage of Brian Higgins’ 13F Portfolio: 8.94%
Number of Hedge Fund Holders: 98

T-Mobile US, Inc. (NASDAQ: TMUS), with its subsidiaries, supplies mobile communications services. The company was founded in 1994 and is placed first on our list of 10 best stocks to buy according to billionaire Brian Higgins. The company’s shares have gained a whopping 35.36% over the last 12 months.

On May 27, T-Mobile Netherlands partnered with Nokia to speed up digital modification while securing its mobile networks against cyberattacks. On May 4, T-Mobile US, Inc. (NASDAQ: TMUS) declared first quarter 2021 revenue of $19.8 billion, up 78.4% YoY, beating the market estimates by $880 million. The company has raised its merger synergy guidance to $2.8 billion-$3.1 billion from $2.7 billion -$3 billion. This is after merger with Sprint.

King Street Capital holds 955,000 shares in the company worth $119.65 million, representing 8.94% of their portfolio. King Street Capital has increased its stakes in the firm by 983% in the past few months. The postpaid net adds is now expected to be between 4.4 million and 4.9 million versus previous guidance of 4 million-4.7 million.

ClearBridge Investments, in their Q1 2021 investor letter, mentioned T-Mobile US, Inc. Here is what the fund said:

“The portfolio’s quality bias and valuation discipline have generated compelling returns over time with typically strong relative results in more challenging environments as it did through the first three quarters of 2020. However, that same quality bias tends to create a more challenging relative performance environment for the Strategy during periods of sharp economic acceleration, which tend to benefit stocks that are more commodity linked or of lower quality. This has been the case during the vaccine- and stimulus-driven rally experienced late last year and during the most recent quarter. Sectors that lagged in the quarter included communication services, where T-Mobile trailed after generating robust returns earlier in the recovery.”

You can also take a peek at Billionaire Daniel Sundheim’s Top 10 Picks and Billionaire Andreas Halvorsen’s Top Stock Picks. 

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