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

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6. VeriSign, Inc. (NASDAQ:VRSN)

Renaissance Technologies’ Stake: $700 Million

VeriSign, Inc. (NASDAQ:VRSN) is a long-term holding in the 13F portfolio of Renaissance Technologies. The company has featured consistently in the portfolio of the fund since the fourth quarter of 2010. Back then, this position comprised 3.3 million shares. By the third quarter of 2019, the fund had grown this stake to more than 8.2 million shares. Thereafter, it trimmed the holding, reducing it to under 3 million shares by the end of 2024. Filings for the first quarter of 2026 show that the fund owned 2.8 million shares in the firm, up more than 1% compared to filings for the fourth quarter of 2025.

VeriSign, Inc. (NASDAQ:VRSN) recently posted earnings for the first quarter of 2026. The firm reported an adjusted diluted EPS of $2.34, outperforming the consensus analyst target of $2.30. Revenue climbed 6.6% year-over-year to $429 million, up from $402.3 million in Q1 2025, edging past expectations of $424.5 million. Following the operational outperformance, management confidently raised its full-year 2026 revenue guidance to a range of $1.730 billion to $1.745 billion, up from the previous $1.715 billion–$1.735 billion range. Full-year operating income expectations were similarly lifted to a range of $1.170 billion to $1.185 billion.

While we acknowledge the potential of VRSN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VRSN and that has 100x upside potential, check out our report about the cheapest AI stock.

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