50 Top Stock Picks In Q2 That Billionaires Love

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Tesla

Electrek

Market Value: $417.2 billion
Billionaire Investor: Jim Simons (Renaissance Technologies)
Percent of Portfolio: 1.0%

Considering Tesla’s main objective is to facilitate the acceleration of sustainable energy in the world, the company is quite attractive. Billionaire Jim Simons, founder of Renaissance Technologies, still has a say in what stock to purchase despite the fact that he no longer runs the day-to-day operations of his AUM $166 billion company. Renaissance already had 0.4% holdings of Tesla in Q1, but chose to increase its stake by 44% in the second quarter, giving it 1.1 million shares in total. Considering that Tesla is about to split their stock into 5-for-1, the company will own even more post-split. Co-founder and the main name synonymous with Tesla, Elon Musk, owns approximately 21% of Tesla shares.