5 Best Stocks Under $20 According to Jim Simons’ Renaissance Technologies

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

Renaissance Technologies’ Stake Value: $168 million

Percentage of Renaissance Technologies’ 13F Portfolio: 0.2%

Number of Hedge Fund Holders: 10

Share Price as of December 12: $5.5

Mobile TeleSystems Public Joint Stock Company (NYSE:MBT) is a Russian telecommunications services provider that is headquartered in Moscow. It offers cellular services, internet access, TV coverage, broadband, and banking services alongside others.

Mobile TeleSystems Public Joint Stock Company (NYSE:MBT) raked in RUB534 billion in revenue and RUB63.5 billion in net profit for its fiscal year 2021 which marked 8% revenue growth. During the earnings call, its CEO highlighted the strong execution of the company’s financial technology platform.

By the end of the fourth quarter of last year, Dr. Simons’ hedge fund had a $168 million stake in Mobile TeleSystems Public Joint Stock Company (NYSE:MBT). This came in the form of 21 million shares and it represented 0.2% of the firm’s investment portfolio. Insider Monkey scanned 924 hedge fund holdings for Q4 2021 and learned that 10 had invested in the firm.

Israel Englander’s Millennium Management is a large Mobile TeleSystems Public Joint Stock Company (NYSE:MBT) through a $22 million stake that comes via 2.7 million shares.