12 Best Stocks to Invest In According to Jim Simons’ Renaissance Technologies

11. Chevron Corporation (NYSE:CVX)

Renaissance Technologies’ Stake: $417 Million

Chevron Corporation (NYSE:CVX) is a long-term holding in the 13F portfolio of Renaissance Technologies. The fund has held a stake in the company, with notable gaps in between, since the second quarter of 2011. Back then, this position comprised 756,000 shares. Over the years, the fund has sold off the stake and declared a new position in the stock many times. In the middle of 2022, the fund owned more than 5.7 million shares in the company. The latest stake was purchased in the first quarter of 2024. Filings for the first quarter of 2026 show that the fund owned over 2 million shares in the firm, down 8% compared to filings for the previous quarter.

Elite investors are highly focused on the intentional pivot of Chevron Corporation (NYSE:CVX) toward low-cost, high-return assets. Rather than chasing expensive, low-yield expansion, the firm is squeezing premium margins out of its premier geography: The total production for the company recently clocked in at a massive 3.35 million barrels of oil equivalent per day. Domestic production in the Permian Basin grew more than 7% year-over-year, delivering short-cycle flexibility. The highly anticipated Anchor project in the Gulf of Mexico is actively coming online. This deepwater mega-project unlocks a massive runway of low-carbon-intensity barrels, positioning the company to hit a structural production target of 4 million boed by 2027.