Since late 2017, OppenheimerFunds, a family of major investment funds, has invested again in NASDAQ-listed Yandex, according to the latest filing submitted to the US Securities and Exchange Commission.
The US investment firm reportedly boosted its stake in the Russian company from 1.8% to 6.41% or 18.365 million shares as of December 31, 2018.
Yandex stock is worth $30.81 per share as of today, Jan. 21, which values the whole OppenheimerFunds stake at some $565 million.
After being the largest portfolio investor in Yandex with 36.4 million class A shares (11.48% of equity, 4.2% of votes), OppenheimerFunds pulled out entirely at the end of 2015.
OppenheimerFunds started investing in Yandex again in Q4 2017, buying 5.1 million shares, the news agency Interfax reported.
