In the world of hedge funds, Jim Simons is regarded as the ‘Quant King.’ He was the founder of Monemetrics, the hedge fund that preceded Renaissance Technologies. After a few years of experimenting with financing, he discovered that he might profit from market inefficiencies by investing. Over the last 28 years, the Medallion hedge fund has made $55 billion in earnings. Renaissance Technologies’ holdings are spread throughout 13 different industries. The fund’s portfolio has a huge majority of large-cap stocks, with market capitalizations of up to $10 billion.
Insider Monkey looks towards the 10 best stocks to buy according to Jim Simons’ Renaissance Technologies. Analog Devices, Inc. is listed tenth. Insider Monkey’s database showed that 62 hedge funds have positions in Analog Devices worth $5.7 billion at the end of the second quarter of 2021. Airbnb, Inc. is the ninth most valuable company in Jim Simons’ quant hedge fund’s portfolio, with a market valuation of $109.55 billion. Insider Monkey’s database showed 58 hedge funds have $2.7 billion in Airbnb stakes at the end of the second quarter of 2021. Accenture Plc is a worldwide IT services and consulting firm headquartered in Dublin, Ireland. Accenture has a market capitalization of $222.93 billion, ranking eighth among the ten securities Jim Simons’ quant hedge fund is buying. GameStop Corporation is a retailer that specializes in video games and consumer goods. The company has a market valuation of $14.49 billion and is the seventh stock on Jim Simons’ quant hedge fund’s list of ten stocks to buy. Linde Plc is a global leader in industrial gas production, processing, and delivery. The company is listed sixth on Jim Simons’ quant hedge fund’s list of ten stocks to purchase, with a market capitalization of $159.68 billion. For more details, click 10 Stocks Jim Simons’ Quant Hedge Fund Is Buying.