In this article, we will examine the 11 Best Stocks to Buy According to Jim Simons’ Renaissance Technologies.

Renaissance Technologies has not had the best of runs in an action-filled year that has seen equity markets rally to record highs. The hedge fund’s flagship fund, the Renaissance Institutional Equities Fund, was up by 5.6% in the first seven months of the year as Renaissance Institutional Diversified Alpha rallied 6.5%.

Nevertheless, the funds have lost money in the last two months even as the S&P 500 rallied 14% to record highs amid heightened bullish momentum. The underperformance in recent months comes as the computer-driven hedge fund is caught up in a long, slow bleed of systematic losses.

Founded by late billionaire Jim Simons, the algorithm-driven hedge fund had an impressive 2024, with its two main funds, Renaissance Institutional Equities Fund and Renaissance Institutional Diversified, returning 22.7% and 15.6%, respectively.

The impressive run in 2024 came as the quant hedge fund focused on computer algorithms to identify investment opportunities. The hedge fund’s investment strategy entails relying on computer algorithms to identify high-risk, high-reward opportunities.

With that in mind, let’s take a look at some of the Best Stocks to Buy According to Jim Simons’ Renaissance Technologies.

Our Methodology

To identify the 11 Best Stocks to Buy According to Jim Simons’ Renaissance Technologies, we analyzed the firm’s 13F filing for the second quarter of 2025. From this disclosure, we focused on positions that also showed notable hedge fund interest, based on Q2 2025 data from Insider Monkey’s database. We also tracked each stock’s performance from the end of Q2 (June 30) to October 9, to provide an insight into whether the fund has been right or wrong about betting on the stock, so far. The list is presented in ascending order according to the dollar value of Renaissance Technologies’ stake in each stock.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).

Best Stocks to Buy According to Jim Simons’ Renaissance Technologies

11. AppLovin Corporation (NASDAQ:APP)

Renaissance Technologies Stake: $483,401,667

Stock Performance (end Q2-October 9): 71.19%

Number of Hedge Fund Holders: 109

AppLovin Corporation (NASDAQ:APP) is one of the best stocks to buy according to Jim Simons’ Renaissance Technologies. On October 1, BofA Securities raised its price target for AppLovin Corporation (NASDAQ:APP) from $580 to $860. The firm maintained a “Buy” rating on the stock, which it said is supported by a detailed review of about 400 direct-to-consumer eCommerce merchant websites using AppLovin’s advertising technology. The analysis identified specific product categories that are highly compatible with mobile game advertisements, including Apparel, Beauty & Fitness, Home & Garden, and Health & Wellness.

BofA now expects AppLovin to generate $3 billion in eCommerce net revenue for the calendar year 2026. This expectation is based on $7 billion in anticipated ad spend targeting these areas. The analysts projected that approximately 4,000 large advertisers will adopt AppLovin’s platform as a new advertising channel. They triangulated the figures using Shopify disclosures and market research. BofA highlighted potential upside if merchants with less than $10 million in gross merchandise value and additional product categories adopt AppLovin’s services.

AppLovin Corporation (NASDAQ:APP) is a software-based advertising and app monetization company. It operates through two segments, Advertising and Apps. The company also develops and publishes free-to-play mobile games through its studios and partners.

10. DoorDash, Inc. (NASDAQ:DASH)

Renaissance Technologies Stake: $607,446,984

Stock Performance (end Q2-October 9): 12.24% 

Number of Hedge Fund Holders: 100

DoorDash, Inc. (NASDAQ:DASH) is one of the best stocks to buy according to Jim Simons’ Renaissance Technologies. DoorDash, Inc. (NASDAQ:DASH) announced on October 2 that it had finalized its acquisition of UK food delivery firm Deliveroo after receiving approval from the UK High Court. The deal was valued at approximately £2.9 billion (about $3.9 billion), with Deliveroo shareholders receiving 180 pence per share in cash; a 44% premium over Deliveroo’s share price when talks began. The transaction was first agreed between the boards of both companies in May 2025 and ratified by Deliveroo’s shareholders in June.

The combined company will operate in about 40–45 countries and is expected to handle around $90 billion (£67.7 billion) of orders annually. As such, DoorDash’s international footprint will increase across Europe, Asia, and the Middle East. Before the acquisition, DoorDash was present in more than 30 markets. In 2024, it delivered 2.5 billion orders, generating $10.7 billion in revenue; its largest market is the US, where it leads the food delivery sector.

DoorDash, Inc. (NASDAQ:DASH) is a local commerce platform. It operates the DoorDash Marketplace and Wolt Marketplace, which connect merchants, consumers, and independent contractors across more than 30 countries. The company’s services include on-demand delivery, white-label logistics, and subscription programs. It also offers advertising solutions to help merchants and consumer brands increase engagement.