5 Stocks Billionaire Tiger Cub Rob Citrone is Buying

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

Value of Discovery Capital Management‘s 13F Position: $49.4 million

Number of Hedge Fund Shareholders: 92

Closing out the list of Rob Citrone’s newest stock purchases is T-Mobile US, Inc. (NYSE:TMUS), which was far and away his biggest new purchase of Q1. Discovery Capital bought 384,809 shares of TMUS during the quarter, with the new position ranking as the fund’s fifth-largest 13F long position as of March 31. Tiger Cubs Andreas Halvorsen (Viking Global) and Daniel Sundheim (D1 Capital Partners) have two of the three largest stakes in TMUS among the select group of funds tracked by our database.

T-Mobile US, Inc. (NYSE:TMUS) grew its customer base to 109.5 million in the first quarter, adding 1.4 million customers from a year earlier. While rivals AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ) have both hiked prices this year in the face of rising inflation, T-Mobile has said that it won’t, which is helping to drive customer acquisition. Once they’re in the fold, T-Mobile can attempt to drive revenue growth by enticing customers to adopt additional services. T-Mobile’s services revenue rose to $15.1 billion in Q1.

T-Mobile US, Inc. (NYSE:TMUS) is also becoming a more attractive carrier thanks to the breadth of its standalone 5G network, which has expanded to reach 315 million people in the U.S, while its ultra-capacity 5G now reaches 225 million people, with plans to push that to 300 million by the end of 2022.

For more on the latest trades made by some of the biggest hedge fund managers in the world, check out Top 10 Stock Picks of Alec Litowitz and Ross Laser’s Magnetar Capital and Top 10 Stock Picks of Martin Whitman’s Third Avenue Management.

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