Ken Fisher Sold These 5 Stocks Before Entering 2022

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

Number of Hedge Fund Holders: 89

T-Mobile US, Inc. (NASDAQ:TMUS) is an American wireless network operator that is majorly owned by Deutsche Telekom, a German telecommunications company. Ken Fisher first purchased a stake in T-Mobile US, Inc. (NASDAQ:TMUS) in Q2 2020, and sold his shares in the next quarter. He invested in the company again in Q2 2021, and in the third quarter, he held 2,026 T-Mobile US, Inc. (NASDAQ:TMUS) shares, worth $259,000. Ken Fisher discarded his position in the company entirely in the fourth quarter of 2021. 

Billionaire Andreas Halvorsen’s Viking Global held the biggest stake in T-Mobile US, Inc. (NASDAQ:TMUS) in Q3 2021, with 10.2 million shares worth $1.30 billion. Overall, 89 hedge funds were bullish on T-Mobile US, Inc. (NASDAQ:TMUS) in the third quarter, down from 100 funds in the quarter earlier. 

Publishing its Q4 results on February 2, T-Mobile US, Inc. (NASDAQ:TMUS) reported earnings per share of $1.10, exceeding estimates by $1.01. The $20.79 billion revenue missed estimates by roughly $270 million. 

On February 3, RBC Capital analyst Kutgun Maral lowered the price target on T-Mobile US, Inc. (NASDAQ:TMUS) to $152 from $180 and kept an Outperform rating on the shares. The company’s Q4 total revenue missed consensus on lower than expected equipment sales, but sentiment should be “near positive inflection soon”, the analyst told investors in a research note. 

Here is what ClearBridge Investments had to say about T-Mobile US, Inc. (NYSE:TMUS) in its Q1 2021 investor letter:

“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 look at Top 10 Tech and Automation Stocks in Cathie Wood’s Portfolio and Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners. 

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