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Renaissance Technologies - Heavy Selling in Third Quarter, AAPL, MST, STJ, Others

November 14, 2013 | About:

Sally Jones

49 followers
The third quarter portfolio of Renaissance Technologies, led by Guru Jim Simons, lists 2,781 stocks, 436 of them new, and a total value at $41.2 billion. The quarter-over-quarter turnover is 29%. The portfolio is weighted with technology at 17.4%, consumer cyclical at 15.4% and healthcare at 13.4%. Jim Simons has averaged a return of 24.44% over 12 months.

In addition to selling out holdings in Apple Inc. (AAPL) and Microsoft Corporation (MSFT), Simons decreased numerous stocks in the third quarter. Here are the trade details on four sells made by Renaissance Technologies, as of Sept. 30, 2013, starting with the pacemaker and medical device company, St. Jude Medical Inc. (STJ), up 56% since January. The company recently reported third quarter 2013 net sales of $1.33 billion, up 1% over the same quarter last year. St. Jude Medical reported third quarter net earnings of $262 million, compared to $176 million in the same quarter last year. Net earnings were $0.90 per share for the third quarter of 2013, up by 61% over the year-ago quarter. The company sells vascular products in about 100 countries worldwide.

St. Jude Medical Inc. (STJ): Sold Out

Up 61% over 12 months, St. Jude Medical Inc. has a market cap of $16.72 billion; its shares trade with a P/E ratio of 23.40. The dividend yield is 1.70%.

Guru Action: As of Sept. 30, 2013, Jim Simons sold out his holding, selling 316,813shares at an average price of $51.50 per share, gaining 11.3%.

The current share price is around $57.66, with a change from average up 12%.

Jim Simons had five years of double digit gains, peaking at 70.2% in the fourth quarter of 2004 when he sold 2,056,500 shares at an average price of $33.66.

Here’s his remarkable STJ trading history:

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Check out more guru stakeholders and recent insider activity.

Track historical pricing, revenue and net income:

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Unum Group (UNM): Sold Out

Up 70% over 12 months, Unum Group has a market cap of $8.58 billion; its shares trade with a P/E ratio of 10.00. The dividend yield is 1.68%.

Guru Action: As of Sept. 30, 2013, Jim Simons sold out his holding, selling 243,800 shares at an average price of $30.72 per share, gaining 7%.

The current share price is around $32.80, with a change from average up 7%.

This is another trading history of 12 quarters of pure gains, peaking at 149.8% in the first quarter of 2009 when Simons sold 228,300 shares at an average price of $13.16.

Check out more guru trades and recent insider selling.

Track historical pricing, revenue and net income:

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TIBCO Software Inc. (TIBX): Sold Out

Down 2% over 12 months, TIBCO Software Inc. has a market cap of $3.88 billion; its shares trade with a P/E ratio of 44.90. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Jim Simons sold out his TIBX holding, unloading 1,034,665 shares at an average price of $23.88 per share, taking a loss of 0.4%.

The current share price is around $24.28, with a change from average up 2%.

This holding has shown mixed results over five years but early on Simons had eight quarters of triple-digit gains that peaked at 378.7% in the fourth quarter of 2008.

There’s more guru trading and recent insider activity.

Track historical pricing, revenue and net income:

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Encore Wire Corporation (WIRE): Sold Out

Up 67% over 12 months, Encore Wire Corporation has a market cap of $1.02 billion; its shares trade with a P/E ratio of 25.00. The dividend yield is 0.20%.

Guru Action: As of Sept. 30, 2013, Jim Simons sold out his holding, selling 11,637 shares at an average price of $39.01 per share, for a gain of 26.4%.

The current share price is $49.81 with a change from average up 28%.

This is another gain-only history spanning 10 quarters. In six quarters Simons made triple-digit gains that peaked at 151.6% when he sold 26,334 shares at an average price of $19.59 per share in the third quarter of 2008.

Check out more guru stakeholders and recent insider activity.

Track historical pricing, revenue and net income:

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In 1982 Jim Simons founded Renaissance Technologies, a private investment management company. Renaissance Technologies is one of the world's most successful hedge funds.

Check out the complete portfolio update of Jim Simons.





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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.4/5 (5 votes)

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