Jim Simons Stock Portfolio: Top 5 Stock Picks

In this piece, we will take a look at Jim Simons’ stock portfolio and the top five stock picks. If you want to take a deeper look at the current stock market environment and how Mr. Simons’ fund fits into it, then check out Jim Simons Stock Portfolio: Top 10 Stock Picks.

5. VeriSign, Inc. (NASDAQ:VRSN)

Renaissance Technologies’ Latest Investment: $690 million

VeriSign, Inc. (NASDAQ:VRSN) is an American technology company headquartered in Reston, Virginia. It provides internet security and website services to governments and corporations. The growth of the internet in the corporate and government sectors has boded well for the firm since it has beaten analyst EPS estimates in all four of its latest quarters.

As of Q2 2023 end, 35 out of the 910 hedge funds part of Insider Monkey’s database were VeriSign, Inc. (NASDAQ:VRSN)’s investors. Out of these, the firm’s biggest shareholder is Warren Buffett’s Berkshire Hathaway since it owns 12.8 million shares that are worth $2.8 billion.

4. NVIDIA Corporation (NASDAQ:NVDA)

Renaissance Technologies’ Latest Investment: $785 million

NVIDIA Corporation (NASDAQ:NVDA) is the biggest graphics processing unit (GPU) designer and seller in the world. The firm’s stock has soared this year due to its products being central for data center artificial intelligence (AI) applications. Amidst reports that ChatGPT maker OpenAI might switch from NVIDIA’s GPUs, Citi believes that the firm is still set to command a 90% market share for the next couple of years.

By the end of 2023’s June quarter, 175 out of the 910 hedge funds polled by Insider Monkey had held a stake in the company. NVIDIA Corporation (NASDAQ:NVDA)’s largest hedge fund investor is Rajiv Jain’s GQG Partners due to its $5.8 billion stake.

3. Apple Inc. (NASDAQ:AAPL)

Renaissance Technologies’ Latest Investment: $954 million

Apple Inc. (NASDAQ:AAPL) is the largest consumer technology firm in the world. Amidst a slowing consumer environment due to economic constraints, the firm’s latest iPhone 15 lineup might not be doing so well as according to investment bank J.P. Morgan, the lead time for the iPhone 15 Pro and iPhone 15 Pro Max is shortening which indicates that the demand might be slowing.

By the end of this year’s second quarter, 135 out of the 910 hedge funds part of Insider Monkey’s research had invested in Apple Inc. (NASDAQ:AAPL). Warren Buffett’s Berkshire Hathaway is the biggest stakeholder among these due to its $177 billion investment.

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.

1. Novo Nordisk A/S (NYSE:NVO)

Renaissance Technologies’ Latest Investment: $1.5 billion

Novo Nordisk A/S (NYSE:NVO) is a pharmaceutical company headquartered in Denmark. It is a rare stock on our list that is rated Strong Buy on average, and the firm has been making quite a lot of news lately due to its weight loss drug, Ozempic.

43 out of the 910 hedge funds part of Insider Monkey’s Q2 2023 database had invested in Novo Nordisk A/S (NYSE:NVO). Jim Simons’ Renaissance Technologies is the biggest shareholder among these since it owns a $1.5 billion stake.

Disclosure: None. You can also take a look at 11 Best Consumer Cyclical Stocks To Buy Now and 14 Best Industrial Stocks to Buy.

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