Dan Loeb's Third Point is Back in T-Mobile (TMUS), Raising Eyebrows

Data from Dan Loeb's Third Point 13F filing on Friday showed that the firm has taken a liking again for T-Mobile US (NYSE: TMUS), which we find notable.

Loeb's firm was first involved in the stock in late 2013-early 2014, after buying into the secondary at $25 per share. By the end of the first quarter of 2014 they had built the stake to 9,500,000 shares. However, by the end of the second quarter of 2014 the position was already being trimmed back and by the end of the third quarter of 2014 there wasn't a trace of T-Mobile left in the portfolio.

Now the stock is back in the portfolio (6,500,000 shares and call options on 1,000,000 shares) and has investors asking what's next?

There is no question, T-Mobile has done well for itself since Mr. Loeb first got involved. In fact, shares are up 68% from the secondary price as the company has been successful at taking market share away from the major carriers. However, while the company has seen its share of success, a takeover is seen as the end game.

Both Comcast (NASDAQ: CMCSA) and Dish Networks (NASDAQ: DISH) are seen interested in buying T-Mobile (NYSE: TMUS).

Maybe some rabble-rousing from Mr. Loeb can push the company into a deal.

A full analysis of Third Point's 13F is available to premium clients here.

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