5 Penny Stocks Billionaires Are Loading Up On

In this piece, we will take a look at the five penny stocks billionaires are loading up on. For more penny stocks, head on over to 10 Penny Stocks Billionaires Are Loading Up On.

5. Nordic American Tankers Limited (NYSE:NAT)

Number of Billionaire Investors in Q1 2023: 8

Nordic American Tankers Limited (NYSE:NAT) is a shipping company based in Hamilton, Bermuda. It primarily engages in the ocean transportation of crude oil. Nordic American Tankers Limited (NYSE:NAT) has some of the largest tankers in the world, namely the Suezmax tankers. It has more than a dozen of these vessels in the fleet.

By the end of this year’s first quarter, 21 of the 943 hedge funds part of Insider Monkey’s database had held a stake in Nordic American Tankers Limited (NYSE:NAT). Out of these, the firm’s largest investor is Israel Englander’s Millennium Management with a $27 million stake.

4. Grupo Televisa, S.A.B. (NYSE:TV)

Number of Billionaire Investors in Q1 2023: 8

Grupo Televisa, S.A.B. (NYSE:TV) is a television company headquartered in Mexico City, Mexico. It was set up in 1969 and is a diversified television company, delivering content through both cable and satellite. Additionally, the firm also publishing and promotion business.

21 of the 943 hedge funds polled by Insider Monkey for their Q1 2023 shareholdings had invested in the firm. Grupo Televisa, S.A.B. (NYSE:TV)’s biggest investor in our database is Bob Peck and Andy Raab’s FPR Partners with a $169 million investment.

3. Lufax Holding Ltd (NYSE:LU)

Number of Billionaire Investors in Q1 2023: 8

Lufax Holding Ltd (NYSE:LU) is a Chinese company operating out of Shanghai. It was set up in 2005 and runs a financial technology platform. Through this, it offers different kinds of loans and wealth management products.

Insider Monkey’s March quarter of 2023 survey of 943 hedge funds revealed that 16 had bought Lufax Holding Ltd (NYSE:LU)’s shares. The firm’s largest hedge fund shareholder is Thomas Steyer’s Farallon Capital with a $78 million stake.

2. iQIYI, Inc. (NASDAQ:IQ)

Number of Billionaire Investors in Q1 2023: 8

iQIYI, Inc. (NASDAQ:IQ) is another Chinese company. It is a subsidiary of one of China’s largest social media companies, Baidu. The firm is primarily a content and entertainment firm, offering videos, games, journals, live broadcasting, and other digital products.

17 of the 943 hedge funds profiled by Insider Monkey had held a stake in the firm as of the first quarter of this year. Seth Fischer’s Oasis Management is iQIYI, Inc. (NASDAQ:IQ)’s largest investor through a $171 million investment.

1. Marqeta, Inc. (NASDAQ:MQ)

Number of Billionaire Investors in Q1 2023: 10

Marqeta, Inc. (NASDAQ:MQ) is a software company headquartered in Oakland, California. The firm is primarily a financial technology company that operates a card issuance and payments processing platform. It serves the needs of a diverse set of customers, from small businesses to large financial firms.

Insider Monkey’s Q1 2023 survey of 943 hedge funds revealed that 30 had bought and owned Marqeta, Inc. (NASDAQ:MQ)’s shares. Mike Hellman’s HMI Capital‘s $91 million stake makes it the largest investor in the firm

Disclosure: None. You can also take a look at 11 Stocks with Heavy Insider Buying and 20 Biggest Shipping Companies In The World.

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