Jim Simons founded Renaissance Technologies Corporation, a private investment firm, in 1982. It is one of the world's most successful hedge funds, and Simons is its CEO. The portfolio is composed of 313 stocks with a total value of $41.902 million, and the following are the largest increases of its existing stakes during the third quarter.
Simons increased his stake in AbbVie Inc. (ABBV) with an impact of 0.38% on the portfolio. The stake was initiated in 2012; after he sold out the same year he got a new position in Q1 2013 at an average price of $37.02 per share. Since then the investor has been increasing and reducing his stake. In the second quarter the position got reduced by 99.31%, but in the third quarter the position saw a huge increase of 35,677.51% at double its starting purchase price. Continue Reading »