Billionaire Steve Cohen’s Top 5 Technology Stocks

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

Point72 Asset Management’s Stake Value as of 9/30: $306,422,000

Percentage of Point72 Asset Management’s 13F Portfolio as of 9/30: 1.22%

With a stake value of over $306 million at the end of September, T-Mobile US, Inc. (NASDAQ:TMUS) ranks #1 on our list of Billionaire Steve Cohen’s Top 10 Technology Stocks. Although Cohen’s fund trimmed his share count in T-Mobile US, Inc. (NASDAQ:TMUS) by 21% in the third quarter, the telecom giant still accounted for 1.22% of Point72 Asset Management’s 13F equity portfolio.

Despite the broader market weakness, T-Mobile US, Inc. (NASDAQ:TMUS) shares have surged 30% year to date as the company continues to add new subscribers. In Q3, T-Mobile US, Inc. (NASDAQ:TMUS) added 854,000 monthly bill paying phone subscribers, versus the 708,000 postpaid phone subscriber adds by AT&T.

CEO of T-Mobile Mike Sievert said, “On the heels of our highest ever postpaid account net additions and industry-leading postpaid and broadband customer growth, we are raising guidance for the third time this year. Our Un-carrier playbook continues to win in this ever-changing competitive and macro-economic climate and our momentum is only getting stronger.”

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