Strong Operational and Financial Results Lifted T-Mobile (TMUS) in Q1

Soumya Eswaran

Mon, Jun 30, 2025, 8:26 AM 3 min read

Hardman Johnston Global Advisors, an investment management company, released its “Hardman Johnston Global Equity Strategy” first quarter 2025 investor letter. A copy of the letter can be downloaded here.  The strategy returned 0.43%, net of fees, in the quarter compared to -1.32% for the MSCI AC World Net Index. The Portfolio experienced a solid quarter relative to the market, despite a volatile environment. Industrials and Consumer Discretionary were the top sector contributors, while Information Technology and Energy detracted.  Europe was the top contributor from a regional standpoint, while emerging markets detracted. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its first-quarter 2025 investor letter, Hardman Johnston Global Equity Strategy highlighted stocks such as T-Mobile US, Inc. (NASDAQ:TMUS). T-Mobile US, Inc. (NASDAQ:TMUS) is a wireless communications services provider. The one-month return of T-Mobile US, Inc. (NASDAQ:TMUS) was -3.21%, and its shares gained 31.37% of their value over the last 52 weeks. On June 27, 2025, T-Mobile US, Inc. (NASDAQ:TMUS) stock closed at $235.25 per share, with a market capitalization of $267.115 billion.

Hardman Johnston Global Equity Strategy stated the following regarding T-Mobile US, Inc. (NASDAQ:TMUS) in its Q1 2025 investor letter:

"The top individual contributors to relative performance during the quarter were Rheinmetall, Howmet Aerospace, and T-Mobile US, Inc. (NASDAQ:TMUS). T-Mobile delivered strong operational and financial results during the quarter, posting a beat across all relevant metrics, as well as raising guidance for 2025. Subscriber growth momentum remains solid and has room to run, as they continue to gain share in top-100 markets, small/rural markets, and with enterprise customers. They reported a notable win with the City of New York to become the exclusive provider for the Public Safety network and the New York City schools, demonstrating the benefits of their 5G market leadership. T-Mobile is underrepresented in the enterprise/government segment as they have historically trailed in network quality, but now, sporting the best network and the most bandwidth, we expect that they will win their fair share and more from the largest and most demanding customers."

A customer checking out their new device at a T-Mobile store, illustrating the convenience and accessibility of retail stores.

T-Mobile US, Inc. (NASDAQ:TMUS) is in 10th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 75 hedge fund portfolios held T-Mobile US, Inc. (NASDAQ:TMUS) at the end of the first quarter, which was 70 in the previous quarter. While we acknowledge the potential of T-Mobile US, Inc. (NASDAQ:TMUS) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.