ClearBridge Investments, an investment management firm, published its “Large Cap Value Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Large Cap Value Strategy underperformed its Russell 1000 Value Index benchmark during the first quarter. On an absolute basis, the Strategy had gains in 10 of 11 sectors in which it was invested for the quarter. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
ClearBridge Investments, in its Q1 2021 investor letter, mentioned T-Mobile US, Inc. (NASDAQ: TMUS), and shared their insights on the company. T-Mobile US, Inc. is a Bellevue, Washington-based mobile network operator company that currently has a $181.2 billion market capitalization. Since the beginning of the year, TMUS delivered a 7.82% return, extending its 12-month gains to 44.11%. As of June 08, 2021, the stock closed at $145.39 per share.
Here is what ClearBridge Investments has to say about T-Mobile US, Inc. 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."
Our calculations show that T-Mobile US, Inc. (NASDAQ: TMUS) ranks 23rd in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the first quarter of 2021, T-Mobile US, Inc. was in 98 hedge fund portfolios, compared to 103 funds in the fourth quarter of 2020. TMUS delivered an 14.93% return in the past 3 months.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
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