SteelPeak Wealth 13F: Cuts T-Mobile US (TMUS) Stake by $27M

SteelPeak Wealth reduced its holdings in T-Mobile US, Inc. (TMUS) by 167,948 shares, leaving it with 3,923 shares valued at $639,683, in a filing on October 16, 2026. This change reflects a 97.7% decrease in their position, indicating a significant pullback from their previous holdings of 171,871 shares.

Other Institutional Activity in T-Mobile US, Inc.

Several other institutional investors also made moves with T-Mobile shares recently. BlackRock Inc. added 383,340 shares, bringing its total to 39,499,642 shares worth about $6.28 billion. Invesco Ltd. increased its stake by 646,603 shares to 31,883,463 shares valued at approximately $5.07 billion. Vanguard Capital Management LLC cut its position by 365,623 shares, ending with 29,359,860 shares worth about $4.67 billion. Price (T. Rowe) Associates Inc. reduced its holdings by 3,011,774 shares, leaving it with 25,481,834 shares worth about $4.05 billion. State Street Corporation grew its position, adding 1,302,189 shares for a total of 25,021,478 shares valued at around $3.98 billion.

T-Mobile US, Inc. Stock Up 0.7%

The stock for T-Mobile recently traded around $158.88 as of October 16, 2026. This price is 31.1% below its 52-week high of $230.54 and approximately 8.3% under its 50-day moving average of $173.25. Investors should note these metrics as they reflect current trading conditions.

Recent Earnings

T-Mobile reported a trailing twelve-month revenue of about $92.19 billion, with an earnings per share (EPS) of $9.57 and a return on equity (ROE) of 18%. The next earnings report is scheduled for October 28, 2026.

Insider Buying and Selling at T-Mobile US, Inc.

Insider activity shows a mix of buying and selling. On May 1, 2026, officer Andre Almeida bought 5,097 shares at an average price of $196.18, totaling about $1 million. Meanwhile, COO Jon Freier sold 4,799 shares on May 21, 2026, at $190 each, valued at about $911,810. Other smaller transactions included Srikant Datar's purchase of 1,384 shares and officer Daniel James Drobac selling 772 shares on September 10, 2026, at $178.33.

Analysts Set New Price Targets

Analysts have mostly maintained their ratings for T-Mobile. On September 21, 2026, JP Morgan kept its Overweight rating with a target of $260, while Barclays maintained the same rating but lowered its target to $200 on September 29. Scotiabank also retained its Sector Outperform rating, reducing its price target to $212 on October 9. Overall, the consensus from analysts gives T-Mobile a buy rating with a mean target price of $236.84.

About T-Mobile US, Inc.

T-Mobile US, Inc., headquartered in Bellevue, WA, offers wireless communications services across the United States and its territories. The company provides voice, messaging, and data services to various customer segments, including postpaid and prepaid users. This recent filing shows a cautious approach from SteelPeak Wealth amidst a landscape of mixed analyst opinions and stock performance.

Bottom Line

SteelPeak Wealth's significant cut in its T-Mobile holdings reflects changing strategies among institutional investors. With earnings approaching on October 28, 2026, and a mix of analyst positions, investors should monitor how these factors influence T-Mobile's market performance going forward. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.