In this article we discuss the 5 best cheap stocks to buy now according to billionaire Jim Simons. If you want to read our detailed analysis of Simons’ history and hedge fund performance, go directly to the 10 Best Cheap Stocks to Buy Now According to Billionaire Jim Simons.
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, advertising technology one of the fastest growing industries right now, so we are checking out stock pitches like this under-the-radar adtech stock that can deliver 10x gains. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind, let’s now take a look at the best cheap stocks to buy according to Jim Simons.
5. Mobile TeleSystems Public Joint Stock Company (NYSE: MBT)
Simons’ Stake Value: $180,031,000
Percentage of Jim Simons’ 13F Portfolio: 0.22%
Number of Hedge Fund Holders: 11
Mobile TeleSystems Public Joint Stock Company (NYSE: MBT) provides telecommunication services in Russia. It is placed fifth on our list of 10 best cheap stocks to buy now according to billionaire Jim Simons. Mobile TeleSystems stock has offered investors returns exceeding 10% over the course of the past three months.
The company posted EPS of RUB9.36 in Q1 2021, while the revenue was up 5.5% YoY to RUB123.9 billion. In Q4 2020 the revenue was up 7.4% YoY to RUB 133.7 billion.
4. Nomura Holdings, Inc. (NYSE: NMR)
Simons’ Stake Value: $9,606,000
Percentage of Jim Simons’ 13F Portfolio: 0.01%
Number of Hedge Fund Holders: 10
Nomura Holdings, Inc. (NYSE: NMR) provides financial services to corporations, individuals, governments and financial institutions across the globe. It is placed fourth on our list of 10 best cheap stocks to buy now according to billionaire Jim Simons. MSG stock has returned more than 30% to investors during the course of the past twelve months.
The hedge fund run by Simons owns more than 1.79 million shares in the company worth over $9.61 million, representing 0.01% of their investment portfolio. Renaissance has decreased activity on Nomura stock by 1% in the past few months.
At the end of the first quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $195.79 million in Nomura Holdings, Inc. (NYSE: NMR), up from 5 the preceding quarter worth $17.63 million.
3. Wipro Limited (NYSE: WIT)
Simons’ Stake Value: $5,359,000
Percentage of Jim Simons’ 13F Portfolio: 0.001%
Number of Hedge Fund Holders: 13
Wipro Limited (NYSE: WIT) is a global information technology (IT) that offers consulting and business process services to companies worldwide. It is placed third on our list of 10 best cheap stocks to buy now according to billionaire Jim Simons. Wipro stock has returned more than 139.58% to investors over the past year.
In April, Wipro acquired Ampion to strengthen its commitment towards clients and stakeholders in New Zealand and Australia. Wipro also collaborated with Finxact through which the former will leverage its expertise to help clients become the end-to-end provider for system management, legacy core transformation, and banking operations.
Renaissance holds 845,293 shares in the firm worth over $5.35 million. Renaissance has trimmed their Wipro stake by 70% in the previous quarter. Out of the hedge funds being tracked by Insider Monkey, AQR Capital Management is a leading shareholder in Wipro Limited (NYSE: WIT) with 14.38 million shares worth more than $91.18 million.
2. LG Display Co., Ltd. (NYSE: LPL)
Simons’ Stake Value: $845,000
Percentage of Jim Simons’ 13F Portfolio: 0.001%
Number of Hedge Fund Holders: 9
LG Display Co., Ltd. (NYSE: LPL) manufactures, designs and sells organic light emitting diode and of thin-film transistor liquid crystal display. It is ranked second on our list of 10 best cheap stocks to buy now according to billionaire Jim Simons. LG Display Co., Ltd. (NYSE: LPL) stock has offered investors returns exceeding 151.42% in the past year.
In May, Apple teamed up with LG Display for foldable phones. For Q1 LG Display reported net income of KRW266 billion, while the revenue was up 46% YoY to KRW6.88 trillion. In April, Fitch Ratings upgraded the stock to ‘BBB’ from ‘BBB-.’ The firm expects improving operational stability for the company.
Renaissance owns 84,600 shares in the company worth over $845,000, representing 0.001% of their portfolio. Out of the hedge funds being tracked by Insider Monkey, Arrowstreet Capital is a leading shareholder in LG Display Co., Ltd. (NYSE: LPL) with 1.46 million shares worth more than $14.54 million.
1. Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG)
Simons’ Stake Value: $16,383,000
Percentage of Jim Simons’ 13F Portfolio: 0.02%
Number of Hedge Fund Holders:11
Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG) is a bank that provides services in the United States, Japan and Asia/Oceania. It is placed first on our list of 10 best cheap stocks to buy now according to billionaire Jim Simons. Mitsubishi UFJ stock has returned more than 38.85% to investors over the course of the past twelve months.
In January, Jefferies, upgraded the stock to “Buy” from “Hold.”
Renaissance holds more than 3.05 million shares in the company worth over $16 million, representing 0.02% of their portfolio. Renaissance has trimmed stakes in the firm by 26% in the past few months.
At the end of the first quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $35.67 million in Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG), up from 8 the preceding quarter worth $28.75 million.
You can also take a peek at 10 Best Hong Kong Stocks To Buy For 2021 and 10 Best Stocks To Buy According To Billionaire Larry Robbins
