Updated from 10:19 a.m. EST

Many investors prefer to invest in lower-priced stocks because they believe that the percentage gains can be much greater than with higher-priced stocks. It is interesting that George Soros, one of the top investors in the world, has a substantial part of his portfolio invested in stocks that sell for less than $15 a share. Stockpickr has compiled these names in a portfolio called the Low Price Stocks of George Soros.

Soros, with an estimated net worth of $8.5 billion, is the founder of the Quantum Fund, which is considered one of the top-performing hedge funds. A $100,000 investment in his fund when he started it in 1969 would've been worth $150 million by 1994.

One of the stocks that Soros owns is Level 3 Communications ( LVLT), which sells for less than $4 a share. This telecommunications switching-service company yesterday reported a narrowed fourth-quarter loss and increased sales, both of which beat analyst expectations.

Level 3 is also owned by the Fidelity Select Telecommunications Fund, which invests at least 80% of its assets in communications services or communications equipment companies.

Another low-priced stock of Soros' is Wind River Systems ( WIND), which sells for less than $9 a share. This provider of software optimization solutions just reported that it has reorganized into four product divisions in order to improve profitability. The stock has a forward price-to-earnings (P/E) ratio of 17 and a P/E-to-growth (PEG) ratio of 1.2.

Wind River also shows up in an interesting portfolio called Takeovers and Short-Cover Plays. This portfolio also lists Countrywide ( CFC), which has a PEG of 1.2, and Goldman Sachs ( AKAM), with a 0.8 PEG.

Marvell Technology ( MRVL) sells for less than $11 a share and is another shareholding of Soros. This semiconductor company has scheduled its earnings call for March 8. The stock has a forward P/E of 15 and a PEG of 1.2.

Marvell shares also are owned by the Waddell & Reed Adv Science & Tech Fund, which is rated five stars by Morningstar. It also holds Alliance Data Systems ( ADS), which has a PEG of 0.7, Research In Motion ( RIMM), with a PEG of 1, and Cerner ( CERN), with a 0.9 PEG.

To see the entire dozen under-$15 stocks Soros owns, check out the Low Price Stocks of George Soros at Stockpickr.com.

At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.

More from Investing

Novo Nordisk Stock Rises 4% Over 2 Sessions

Novo Nordisk Stock Rises 4% Over 2 Sessions

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

Daimler's Profit Warning Should Terrify Traders Before Earnings Season Begins

Daimler's Profit Warning Should Terrify Traders Before Earnings Season Begins

Starbucks Stock Performance in 2018: -12%

Starbucks Stock Performance in 2018: -12%

Online Retailers Hit by Supreme Court Ruling Requiring Sales Tax Collection

Online Retailers Hit by Supreme Court Ruling Requiring Sales Tax Collection