5 Best Stocks Under $20 According to Jim Simons’ Fund

4. Mobile TeleSystems Public Joint Stock Company (NYSE:MBT)

Renaissance Technologies’ Stake Value: $204,420,000

Percentage of Renaissance Technologies’ 13F Portfolio: 0.26%

Number of Hedge Fund Holders: 6

Share Price as of December 7: $7.97

In Q3 2021, Jim Simons’ Renaissance Technologies reduced its stake by 5% in Mobile TeleSystems Public Joint Stock Company (NYSE:MBT), which is the largest mobile network operator from Moscow, Russia. The hedge fund holds a $204.42 million position in Mobile TeleSystems Public Joint Stock Company (NYSE:MBT), which accounts for 0.26% of the Q3 13F securities. 

Mobile TeleSystems Public Joint Stock Company (NYSE:MBT) announced Q3 results on November 17. EPS in the period amounted to $0.27, missing estimates by -$0.04. The revenue equaled $1.90 billion, missing estimated revenue by $14.64 million. 

Renaissance Technologies is the leading stakeholder of Mobile TeleSystems Public Joint Stock Company (NYSE:MBT), followed by Israel Englander’s Millennium Management holding a $13.37 million stake in the company in the third quarter. Overall, 6 hedge funds were bullish on Mobile TeleSystems Public Joint Stock Company (NYSE:MBT) in Q3, down from 10 funds in the preceding quarter.