Sprint Corporation (S), T-Mobile US Inc (TMUS), Equinix Inc (EQIX), and Verizon Communications Inc. (VZ): John Paulson’s Favorite Tech Plays

Sprint (S)

According to the latest 13F SEC filing, John Paulson’s 13F portfolio is worth $23,075 million with an increase of 1.13% for the second quarter. John Paulson portfolio has significant investments in tech companies and his primary tech investments include Sprint Corporation (NYSE:S), T-Mobile US Inc (NYSE:TMUS), Equinix Inc (NASDAQ:EQIX), and Verizon Communications Inc. (NYSE:VZ). (See John Paulson’s entire 13F portfolio here.)

Sprint Corporation (NYSE:S) is the top technology stock in John Paulson’s hedge fund with investments worth $546 million and he owns 64,113,200 shares of the company. According to the financial results released on July 30, 2014, Sprint Corporation (NYSE:S) had net income of $23 million with consolidated operating income of $519 million. Paulson & Co. ($546 million), Omega Advisors ($339 million), and Owl Creek Asset Management ($150 million) are among the primary investor in Sprint Corporation (NYSE:S).

Sprint (S)

Paulson & Co. has a considerable investment in T-Mobile US Inc (NYSE:TMUS) with investments worth $442 million and 13,157,800 shares. T-Mobile US Inc (NYSE:TMUS) achieved the milestone of adding more than 50 million customers in the second quarter 2014 with 8.0% revenue growth on year-over-year basis. Adjusted EBITDA for the quarter was $1.45 billion. Some of the major hedge fund investors in T-Mobile US Inc (NYSE:TMUS) include Paulson & Co, Glenview Capital ($284 million), and Third Point ($268 million).

Paulson has major tech investments in two other companies including Equinix Inc (NASDAQ:EQIX), and Verizon Communications Inc. (NYSE:VZ). Paulson & Co. have investments worth $438 million in Equinix Inc (NASDAQ:EQIX) and the company has a current market cap of 11.61 Billion. It offers data center services for the protection and communication of information for financial services, enterprises, and content/network providers. Verizon Communications Inc. (NYSE:VZ) is among one of the major telecom carriers in the US with market cap of $206.52 billion.

This article has been written by Prakash Pandey and edited by Serkan Unal.

“Apple Inc. (AAPL) Expected to Release Its Highly Fabled iWatch This September”

Related posts




Warren Buffett's Best Picks

Warren Buffett's these stock picks will crush the market over the next 12 months. Get our report FREE by becoming a member now