Jim Simons Stock Portfolio: Top 5 Stock Picks

2. Meta Platforms, Inc. (NASDAQ:META)

Renaissance Technologies’ Latest Investment: $1.3 billion

Meta Platforms, Inc. (NASDAQ:META) is the largest social media company in the world. Its shares have done well in October, as investors remained optimistic about strong expected financials for the third quarter and a new product launch that leverages AI.

After digging through 910 hedge funds for their June quarter of 2023 shareholdings, Insider Monkey discovered that 225 had bought the firm’s shares. Meta Platforms, Inc. (NASDAQ:META)’s largest investor in our database is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital since it owns 10.7 million shares that are worth $3 billion.

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