What smart money is saying about T-Mobile
TMUS
No fund has written a full thesis on T-Mobile in our archive, but 16 fund letters report a position in it — most recently ClearBridge Investments Appreciation Strategy in September 2026.
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Fund signal · last 12 months
15 lettersMore funds are selling than buying
−3
Net flow
2 buys · 29%5 sells · 4 full exits
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q2 2025 and Q3 2026, 16 fund letters reported a position in T-Mobile, with 3 buys (opened or added) and 5 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 5 | 1 | 2 | 0 |
| Q2 2026 | 5 | 1 | 1 | 0 |
| Q1 2026 | 4 | 0 | 1 | 0 |
| Q4 2025 | 1 | 0 | 1 | 0 |
| Q2 2025 | 1 | 1 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 16 positions · 11 moves
- September 2026
“We exited positions in Cisco Systems in IT, Stryker in health care, Ferguson, Honeywell International and Honeywell Aerospace in industrials, Space Exploration Technologies, Walt Disney and T-Mobile in communication services and International Paper in materials.”
T-Mobile - September 2026
“Portfolio Positioning With the market obsessively focused on AI, we see compelling opportunities in overlooked areas, including financials, industrials, communications services and energy infrastructure. Financials is our largest sector exposure; with the sector a strong contributor in the quarter we trimmed Travelers, Visa and JPMorgan Chase to harvest some gains while maintaining meaningful positions. In industrials, we exited aerospace manufacturer and defense contractor RTX also on strong performance, and as we believe its elevated valuation now discounts future good news, as well as Honeywell International. We added to other, higher-conviction, industrials positions: Honeywell Aerospace, recently spun off from Honeywell International and trading at a more attractive valuation, and Otis, an elevator and escalator maker whose high-margin service business generates sticky, defensive cash flows and some inflation protection. In communication services we added to T-Mobile, which continues to gain market share.”
T-Mobile - ExitedLiontrust Balanced FundSeptember 2026
“We sold out of Deutsche Telekom and T-Mobile where newsflow is subdued and shares likely dead money for next quarters.”
T-Mobile - July 2026
“This is a marketing communication We sold out of Deutsche Telekom and T-Mobile where newsflow is subdued and shares likely dead money for next quarters.”
T-Mobile - July 2026
“Portfolio changes The portfolio added three names in the financials sector: NU Holdings, Citigroup and Wells Fargo. Financials look set to benefit from the ‘stronger for longer’ theme and these additions complement the existing fintech exposure as well as offering geographic diversification. We sold out of Deutsche Telekom and T-Mobile where newsflow is subdued and shares likely dead money for next quarters.”
T-Mobile - June 2026
“We used the weakness to add to our position in T-Mobile given its consistent execution and robust capital return.”
T-Mobile - June 2026
“Within Communication Services, both Comcast Corp (CMCSA) and T-Mobile Inc (TMUS) were weak in the period as the potential for a new entrant to the U.S. broadband and wireless market (satellite) drove a sell-off across the entire space. We used the weakness to add to our position in T-Mobile given its consistent execution and robust capital return.”
T-Mobile - June 2026
“TMUS: Shares of T-Mobile US languished along with US wireless peers during the quarter on renewed concerns about competitive intensity.”
T-Mobile - June 2026
Listed in Gabelli Funds Shareholder Commentary: Open-End Funds’s reported holdings.
T-Mobile - June 2026
“T-Mobile US Inc. (4.5%) (TMUS – $167.73 – NASDAQ) is the second-largest wireless operator in the U.S., serving over 142 million branded customers.”
T-Mobile - March 2026
“Both T-Mobile (TMUS) and Comcast were positive contributors in the period as well as their fourth quarter results and 2026 outlooks provided some relief to those that were concerned around intensifying competition within the cable and wireless space in 2026.”
T-Mobile - ExitedFlexible Equity FundMarch 2026
“During the quarter, we added three new positions—NVIDIA Corporation (NVDA), SAP SE Sponsored ADR (SAP), and Watsco, Inc. (WSO)—while exiting T- Mobile (TMUS), Workday, Inc. (WDAY), and Uber Technologies (UBER)”
T-Mobile - March 2026
“Meta Platforms Inc. Class A United States 2.4 Interactive Media & Services T-Mobile US, Inc. United States 1.9 Wireless Telecommunication Services”
T-Mobile - March 2026
“Both T-Mobile (TMUS) and Comcast were positive contributors in the period as well as their fourth quarter results and 2026 outlooks provided some relief to those that were concerned around intensifying competition within the cable and wireless space in 2026.”
T-Mobile - December 2025
“The Strategy also closed positions in Netflix and T-Mobile US in communication services, Lenovo in IT, Starbucks and Airbnb in consumer discretionary, Tokio Marine, Marsh & McLennan and Sony Financial Group in financials as well as Argenx, Zai Lab and MoonLake Immunotherapeutics in health care.”
T-Mobile - New positionFederated Hermes Sustainable Global EquityJune 2025
“Investment strategy Federated Hermes Sustainable Global Equity is a high-conviction global equity strategy. It aims to generate attractive financial returns by investing in companies that are aligned with achieving positive outcomes for society and the environment and ultimately support the United Nations Sustainable Development Goals (UN SDGs). The Strategy is a concentrated, high active-share strategy. We believe that ‘impactful,’ ‘leading’ and ‘improving’ companies play a critical role in contributing towards a more sustainable future and are well-positioned to benefit from structural sustainability trends over the long term. We believe sustainable investments are companies with business models geared towards creating value for society, with a positive or improving sustainability profile, and whose activities have an overall positive impact through their products and services. Our long-term holding periods and stewardship expertise enable us to develop effective and enduring engagement with these companies that can deliver additional impact and provide greater insight. From a sector perspective, the Strategy remains overweight Industrials, Information Technology and Healthcare, and underweight Consumer Discretionary, Communication Services, with zero-weight in Energy and Utilities. Over the H1 period, we added five positions in Clean Harbors, ServiceNow, T-Mobile, Nasdaq, and Linde, and closed out two positions in WEX and Gartner.”
T-Mobile
Also mentioned · 2
These funds discuss T-Mobile — as a competitor, benchmark or comparable — without disclosing a position in it.
- June 2026
“Finally, AT&T, T-Mobile and Verizon have agreed in principle to pool spectrum into a direct-to-device joint venture with economics that we think run directly through AST.”
T-Mobile - MentionedHennessy Focus FundJune 2026
“In May 2026, the U.S. MNO’s competitive response to Starlink became clear with the announcement of an agreement in principle to form a joint venture (JV) between AT&T, T-Mobile and Verizon for satellite services.”
T-Mobile
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