Gabelli Investment Management Firm recently released its “Global Content & Connectivity Fund” second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund delivered a strong second quarter of 2026, with its Class I shares gaining 12.88%, more than double the 6.02% return of the MSCI AC World Communication Services Index, though trailing the broader MSCI AC World Index’s 15.06% gain. The fund’s performance reflected renewed investor interest in AI-related investments, easing tensions in the Middle East, and lower Brent crude prices, with Information Technology gaining 39.2% and Communication Services advancing 6.0% during the quarter. Over the past year, the fund gained 25.50%, compared with 13.06% for its communication-services benchmark and 24.16% for the MSCI AC World Index. Looking ahead, Gabelli remains constructive on the long-term opportunities created by AI adoption, expanding digital infrastructure, connectivity, and the continued growth of content and entertainment, while recognizing that higher interest rates, geopolitical tensions, and the sustainability of AI-related spending could create volatility. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Global Content & Connectivity Fund highlighted stocks like T-Mobile US Inc. (NASDAQ:TMUS). T-Mobile US Inc. (NASDAQ:TMUS) is a major U.S. wireless operator expanding across broadband, 5G, advertising, financial services, and emerging technology markets. The one-month return of T-Mobile US Inc. (NASDAQ:TMUS) was 1.86% while its shares traded between $165.66 and $247.25 over the last 52 weeks. On September 3, 2026, T-Mobile US Inc. (NASDAQ:TMUS) stock closed at approximately $188.02 per share, with a market capitalization of about $194.71 billion.
Global Content & Connectivity Fund stated the following regarding T-Mobile US Inc. (NASDAQ:TMUS) in its Q2 2026 investor letter:
T-Mobile US Inc. (NASDAQ:TMUS) (4.5%) (TMUS – $167.73 – NASDAQ) is the second-largest wireless operator in the U.S., serving over 142 million branded customers. In February 2026, the company hosted a Capital Markets Day, where it increased its 2027 targets for service revenue, EBITDA, and free cash flow. Management expects meaningful incremental growth over the next few years, driven by (a) continued share gains across various market segments, (b) growth of the broadband business, and (c) leveraging the firm’s scale and its 5G Advanced network to expand into new growth areas (including advertising, financial services, and long-term opportunities in edge and physical AI).
