Guru Jim Simons founded Renaissance Technologies, a private investment management company, in 1982. Now one of the world's most successful hedge funds, Renaissance Technologies has a reputation for hiring strong analytical thinkers who excel in mathematical and statistical methods. After the second quarter 2013 update, the Renaissance Technologies portfolio currently lists 2,756 stocks, 379 of them new, a quarter-over-quarter turnover of 25%, and a total value of $38.14 billion. Simons’ firm has over $20 billion under management. His top three investment sectors are weighted with consumer cyclical at 14.2%, healthcare at 13.5% and consumer defensive at 11%. According to the GuruFocus Score Board of Gurus, Simons has averaged a return of 26.45% over 12 months on his long equity portfolio.
Simons was a very active trader in the second quarter. On the sell side, these are six of his high-impact trades, as of June 30, 2013:
Google Inc. (GOOG, Financial): Reduced
Impact to Portfolio: -0.81%
Up 29% over 12 months, Google Inc.has a market cap of $290.96 billion; its shares were traded at around $873.71, with a P/E of 24.60. The P/B ratio is 3.60.
Track historical pricing:
Guru Action: As of June 30, 2013, Jim Simons reduced his position by 81.27%, selling 425,500 shares at an average price of $849.25, for a gain of 2.9%.
He has averaged a gain of 69% on 2,915,405 shares bought at an average price of $517.68 per share. On shares sold, he has averaged a gain of 55% on 2,817,357 shares sold at an average price of $562.43 per share.
His holding history:
Current shares remaining: 974,300.
PepsiCo Inc. (PEP, Financial): Reduced
Impact to Portfolio: -0.63%
Up 9% over 12 months, PepsiCo Inc.has a market cap of $122.22 billion; its shares were traded at around $79.25, with a P/E of 18.60. The P/B ratio is 5.30.
Track historical pricing:
Guru Action: As of June 30, 2013, Jim Simons reduced his position by 77.16%, selling 3,290,762 shares at an average price of $81.66, for a loss of 3%, the only losing quarter in a long trading history.
He has averaged a gain of 11% on 4,265,062 shares bought at an average price of $71.44 per share. On shares sold, he has averaged a loss of 3% on 3,290,762 shares sold at an average price of $81.66 per share.
Current shares remaining: 974,300.
International Business Machines Corp. (IBM, Financial): Reduced
Impact to Portfolio: -0.62%
Down 5% over 12 months, IBMhas a market cap of $202.86 billion; its shares were traded at around $185.04, with a P/E of 13.00. The P/B ratio is 11.70.
Track historical pricing:
Guru Action: As of June 30, 2013, Jim Simons reduced his position by 52.04%, selling 1,198,000 shares at an average price of $203.70, for a loss of 9.1%.
He has averaged a loss of 8% on 2,302,100 shares bought at an average price of $201.56 per share. On shares sold, he has averaged a loss of 9% on 1,198,000 shares sold at an average price of $203.70 per share.
Current shares remaining: 1,104,100.
Bristol-Myers Squibb (BMY, Financial): Reduced
Impact to Portfolio: -0.55%
Up 30% over 12 months, Bristol-Myers Squibbhas a market cap of $68.59 billion; its shares were traded at around $41.66, with a P/E of 51.00. The P/B ratio is 4.80.
Track historical pricing:
Guru Action: As of June 30, 2013, Jim Simons reduced his position by 39.57%, selling 5,585,100 shares at an average price of $43.41, for a loss of 4%.
He has averaged a gain of 37% on 16,430,700 shares bought at an average price of $30.51 per share. On shares sold, he has averaged a gain of 5% on 7,899,900 shares sold at an average price of $39.69 per share.
Current shares remaining: 8,530,800.
His trading history shows five years of gains except for the second quarter of 2013:
Home Depot Inc. (HD, Financial): Reduced
Impact to Portfolio: -0.44%
Up 31% over 12 months, Home Depothas a market cap of $108.1 billion; its shares were traded at around $74.00, with a P/E of 23.40. The P/B ratio is 6.90.
Track historical pricing:
Guru Action: As of June 30, 2013, Jim Simons reduced his position by 60.9%, selling 2,594,300 shares at an average price of $75.14, for a loss of 1.5%.
He has averaged a gain of 15% on 4,259,600 shares bought at an average price of $64.47 per share. On shares sold, he has averaged a loss of 2% on 2,594,300 shares sold at an average price of $75.14 per share.
Current shares remaining: 1,665,300.
Caterpillar Inc. (CAT, Financial): Sold Out
Impact to Portfolio: -0.38%
Down 4% over 12 months, Caterpillar Inc. has a market cap of $54.51 billion; its shares were traded at around $84.17, with a P/E of 13.30. The P/B ratio is 3.20.
Guru Action: As of June 30, 2013, Jim Simons sold out his CAT position, unloading 1,781,400 shares at an average price of $85.04, taking a loss of 1% after only three gaining quarters since the third quarter of 2009.
His trading history:
Here is the complete portfolio of Jim Simons.
Be sure to read:
1. Jim Simons's Undervalued Stocks
2. Jim Simons's Top Growth Companies
3. Jim Simons's High Yield stocks
4. Stocks that Jim Simons keeps buying
If you are not a Premium Member, we invite you for a 7-day Free Trial.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.
Simons was a very active trader in the second quarter. On the sell side, these are six of his high-impact trades, as of June 30, 2013:
Google Inc. (GOOG, Financial): Reduced
Impact to Portfolio: -0.81%
Up 29% over 12 months, Google Inc.has a market cap of $290.96 billion; its shares were traded at around $873.71, with a P/E of 24.60. The P/B ratio is 3.60.
Track historical pricing:
Guru Action: As of June 30, 2013, Jim Simons reduced his position by 81.27%, selling 425,500 shares at an average price of $849.25, for a gain of 2.9%.
He has averaged a gain of 69% on 2,915,405 shares bought at an average price of $517.68 per share. On shares sold, he has averaged a gain of 55% on 2,817,357 shares sold at an average price of $562.43 per share.
His holding history:
Current shares remaining: 974,300.
PepsiCo Inc. (PEP, Financial): Reduced
Impact to Portfolio: -0.63%
Up 9% over 12 months, PepsiCo Inc.has a market cap of $122.22 billion; its shares were traded at around $79.25, with a P/E of 18.60. The P/B ratio is 5.30.
Track historical pricing:
Guru Action: As of June 30, 2013, Jim Simons reduced his position by 77.16%, selling 3,290,762 shares at an average price of $81.66, for a loss of 3%, the only losing quarter in a long trading history.
He has averaged a gain of 11% on 4,265,062 shares bought at an average price of $71.44 per share. On shares sold, he has averaged a loss of 3% on 3,290,762 shares sold at an average price of $81.66 per share.
Current shares remaining: 974,300.
International Business Machines Corp. (IBM, Financial): Reduced
Impact to Portfolio: -0.62%
Down 5% over 12 months, IBMhas a market cap of $202.86 billion; its shares were traded at around $185.04, with a P/E of 13.00. The P/B ratio is 11.70.
Track historical pricing:
Guru Action: As of June 30, 2013, Jim Simons reduced his position by 52.04%, selling 1,198,000 shares at an average price of $203.70, for a loss of 9.1%.
He has averaged a loss of 8% on 2,302,100 shares bought at an average price of $201.56 per share. On shares sold, he has averaged a loss of 9% on 1,198,000 shares sold at an average price of $203.70 per share.
Current shares remaining: 1,104,100.
Bristol-Myers Squibb (BMY, Financial): Reduced
Impact to Portfolio: -0.55%
Up 30% over 12 months, Bristol-Myers Squibbhas a market cap of $68.59 billion; its shares were traded at around $41.66, with a P/E of 51.00. The P/B ratio is 4.80.
Track historical pricing:
Guru Action: As of June 30, 2013, Jim Simons reduced his position by 39.57%, selling 5,585,100 shares at an average price of $43.41, for a loss of 4%.
He has averaged a gain of 37% on 16,430,700 shares bought at an average price of $30.51 per share. On shares sold, he has averaged a gain of 5% on 7,899,900 shares sold at an average price of $39.69 per share.
Current shares remaining: 8,530,800.
His trading history shows five years of gains except for the second quarter of 2013:
Home Depot Inc. (HD, Financial): Reduced
Impact to Portfolio: -0.44%
Up 31% over 12 months, Home Depothas a market cap of $108.1 billion; its shares were traded at around $74.00, with a P/E of 23.40. The P/B ratio is 6.90.
Track historical pricing:
Guru Action: As of June 30, 2013, Jim Simons reduced his position by 60.9%, selling 2,594,300 shares at an average price of $75.14, for a loss of 1.5%.
He has averaged a gain of 15% on 4,259,600 shares bought at an average price of $64.47 per share. On shares sold, he has averaged a loss of 2% on 2,594,300 shares sold at an average price of $75.14 per share.
Current shares remaining: 1,665,300.
Caterpillar Inc. (CAT, Financial): Sold Out
Impact to Portfolio: -0.38%
Down 4% over 12 months, Caterpillar Inc. has a market cap of $54.51 billion; its shares were traded at around $84.17, with a P/E of 13.30. The P/B ratio is 3.20.
Guru Action: As of June 30, 2013, Jim Simons sold out his CAT position, unloading 1,781,400 shares at an average price of $85.04, taking a loss of 1% after only three gaining quarters since the third quarter of 2009.
His trading history:
Here is the complete portfolio of Jim Simons.
Be sure to read:
1. Jim Simons's Undervalued Stocks
2. Jim Simons's Top Growth Companies
3. Jim Simons's High Yield stocks
4. Stocks that Jim Simons keeps buying
If you are not a Premium Member, we invite you for a 7-day Free Trial.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.
