5 Best Stocks to Buy Now According to Quant Billionaire Jim Simons’ Fund

In this article, we discuss the 5 best stocks to buy now according to quant billionaire Jim Simons’ Fund. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Stocks to Buy Now According to Quant Billionaire Jim Simons’ Fund. 

5. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 250

Microsoft Corporation (NASDAQ:MSFT) is a diversified technology company with core interests in the software business. Regulatory filings show that Renaissance Technologies owned 2.9 million shares in Microsoft Corporation (NASDAQ:MSFT) at the end of the third quarter of 2021 worth over $835 million, representing 1.07% of the portfolio. 

Wells Fargo analyst Michael Turrin recently initiated coverage of Microsoft Corporation (NASDAQ:MSFT) stock with an Overweight rating and a price target of $400, highlighting that the firm had a “bright future ahead”. 

At the end of the third quarter of 2021, 250 hedge funds in the database of Insider Monkey held stakes worth $6.5 billion in Microsoft Corporation (NASDAQ:MSFT), up from 238 in the preceding quarter worth $6.2 billion.

In its Q1 2021 investor letter, Polen Capital, an investment management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund said:

“We have written extensively about Microsoft in recent commentaries. It was our leading contributor last year and one of our largest weightings within the Portfolio. It continues to experience business momentum through several dominant, essential, and competitively advantaged businesses, like Office 365 and Azure. The markets it competes for are enormous, which gives the company the ability to compound at scale. In the past quarter alone, the company generated over $40 billion in revenue, representing a 17% growth rate. The inherent operating leverage in Microsoft’s business model continues and led to 34% earnings growth this past quarter. Despite the broad rotation we saw in the first quarter and Microsoft’s robust performance in 2020, we think its business fundamentals continue to exhibit strength, and the stock continues to reflect the fundamentals.”