Medallion Fund Strategy, Returns, and Holdings: Top 5 Stock Picks

4. Tesla, Inc. (NASDAQ:TSLA)

Renaissance Technologies Investment In Q1 2023: $835 million

Tesla, Inc. (NASDAQ:TSLA) is the largest electric vehicle manufacturer in America. The firm’s been having a great 2023 so far, as not only have its shares soared, but it is also significantly growing its car deliveries.

By the end of 2023’s first quarter, Renaissance Technologies had owned four million Tesla, Inc. (NASDAQ:TSLA) shares that were worth $835 million. During the same time period, 82 out of the 943 hedge funds covered by Insider Monkey’s research had also invested in the firm. Out of these, Tesla, Inc. (NASDAQ:TSLA)’s largest shareholder is D. E. Shaw’s D E Shaw since it has a $1.2 billion investment.

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