Top 5 Stocks to Buy According to Patrick Degorce’s Theleme Partners

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

Degorce’s Stake Value: $315,186,000
Percentage of Patrick Degorce’s 13F Portfolio: 9.2%
Number of Hedge Fund Holders: 100

T-Mobile US, Inc. (NASDAQ:TMUS) stands third on the list of top 9 stocks to buy according to Patrick Degorce’s Theleme Partners. The company and its subsidiaries provide 102.1 million consumers with the phone, message, and internet services in the postpaid, prepaid, and wholesale markets. In the second quarter of 2021, Theleme Partners owned 2.18 million shares in T-Mobile US, Inc. (NASDAQ:TMUS), worth $315.19 million. This represented 9.2% of the investment portfolio of Theleme Partners.

On September 13, T-Mobile US, Inc. (NASDAQ:TMUS) dramatically increased its retail footprint thanks to a deal with Walmart Inc. (NYSE:WMT), which will see the carrier appear in 2,300 locations and on Walmart.com. In addition, T-Mobile and Metro by T-Mobile have reached an agreement that will more than quadruple the carrier’s presence at big national stores. In the second quarter of 2021, T-Mobile US, Inc. (NASDAQ:TMUS) posted EPS of $0.94, beating the estimates by $0.44. The company reported revenue of $19.95 billion, up 12.90% year-over-year. Postpaid phone net additions were 627 thousand, up 2.5 times from the previous year.

At the end of the second quarter of 2021, 100 hedge funds in the database of Insider Monkey held stakes worth $8.02 billion in T-Mobile US, Inc. (NASDAQ:TMUS), up from 98 the preceding quarter worth $9.06 billion.

ClearBridge Investments, an investment management firm, recently released its first-quarter 2021 investor letter and mentioned T-Mobile US, Inc. (NASDAQ:TMUS) in it. Here is what the firm has to say:

“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.”