Because of his advanced degree in mathematics, Jim Simons is often referred to as the “smartest billionaire in the world.” He has a personal net worth of around $24 billion and is ranked 28th on Forbes’ list of the 400 wealthiest Americans in 2021. Between June and September, the value of Renaissance Technologies’ portfolio fell by nearly $3 billion. The fund made 665 new stock purchases, 934 incremental stock purchases, 657 stock sales, and 1,804 stock reductions. Microsoft Corporation and Atlassian were among the top companies in the portfolio at the end of September.
Here is Insider Monkey’s list of 10 best stocks to buy now according to quant billionaire Jim Simons’ Fund. At the conclusion of the third quarter of 2021, Renaissance Technologies owned 6.8 million shares of Advanced Micro Devices, Inc. worth $705 million, accounting for 0.91 percent of the portfolio. With 12 million shares worth more than $1.3 billion, Citadel Investment Group is the largest stakeholder. On November 17, Target Corporation reported third-quarter earnings of $3.03 per share, surpassing expectations by $0.23. The total revenue for the quarter was $25.6 billion, up 13% year over year. At the conclusion of the third quarter of 2021, Jim Simons’ hedge fund had 3.4 million shares of NVIDIA Corporation worth more than $710 million, accounting for 0.91 percent of the overall portfolio. The company’s products are projected to power the metaverse and omniverse concepts that are gaining traction. On December 8, the Kroger Co. announced that a customer fulfillment center in North Carolina would be expanded. The expansion will use machine learning and robotics into the company’s delivery system. At the end of September 2021, Renaissance Technologies had 18 million shares worth $750 million. Renaissance Technologies owned 1.9 million shares of Moderna, Inc. worth $769 million at the end of the third quarter of 2021, accounting for 0.99 percent of the company’s portfolio. Tyler Van Buren of Cowen commenced coverage with a Market Perform rating and a $250 price target. For more details, click 10 Best Stocks To Buy Now According To Quant Billionaire Jim Simons’ Fund.