Jim Simons Stock Portfolio: 5 Top Stock Picks

3. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 39 

Palantir Technologies Inc. (NYSE:PLTR) operates as an application software firm for the defense industry. Latest filings show that Renaissance Technologies owned 43 million shares in Palantir Technologies Inc. (NYSE:PLTR) at the end of the third quarter of 2023 worth $697 million, representing 1.18% of the portfolio. 

On November 2, investment advisory Goldman Sachs maintained a Neutral rating on Palantir Technologies Inc. (NYSE:PLTR) stock and raised the price target to $12 from $11, appreciating the earnings of the firm in the third quarter. 

At the end of the second quarter of 2023, 39 hedge funds in the database of Insider Monkey held stakes worth $987 million in Palantir Technologies Inc. (NYSE: PLTR), up from 31 in the preceding quarter worth $611 million.