With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was T-Mobile US, Inc. (NASDAQ:TMUS).
Is T-Mobile US, Inc. (NASDAQ:TMUS) a healthy stock for your portfolio? The best stock pickers are turning less bullish. The number of long hedge fund positions went down by 18 recently. Our calculations also showed that TMUS isn’t among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video below for Q2 rankings).
Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.
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Unlike the largest US hedge funds that are convinced Dow will soar past 40,000 or the world’s most bearish hedge fund that’s more convinced than ever that a crash is coming, our long-short investment strategy doesn’t rely on bull or bear markets to deliver double digit returns. We only rely on the best performing hedge funds‘ buy/sell signals. We’re going to go over the recent hedge fund action surrounding T-Mobile US, Inc. (NASDAQ:TMUS).
What have hedge funds been doing with T-Mobile US, Inc. (NASDAQ:TMUS)?
Heading into the fourth quarter of 2019, a total of 60 of the hedge funds tracked by Insider Monkey were long this stock, a change of -23%