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Jim Simons' 5 Largest New Buys Topped by Apple

Holly LaFon

Holly LaFon

249 followers

Jim Simons (Trades, Portfolio) founded Renaissance Technologies, a hedge fund with about $15 billion in assets under management that executes many of its trades using mathematical and computer-based models that are often automated. It has a massive long portfolio containing 2,794 stocks, with a value of $41.7 billion. In the first quarter, the firm added 484 new stocks. Topping the list was a significant new stake in Apple (AAPL), followed by Comcast Corp (CMCSA), Vodafone Group PLC (VOD), Tesla Motors Inc. (TSLA) and eBay (EBAY).

Apple Inc. (AAPL)

Renaissance took a position of 821,362 shares of Apple in the first quarter of 2014, equating to a full 1.1% of the portfolio. Apple’s share price in the first quarter averaged $533.

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Apple Inc. is a California corporation established in 1977. Apple Inc. has a market cap of $519.01 billion; its shares were traded at around $602.53 with a P/E ratio of 14.40 and P/S ratio of 3.10. The dividend yield of Apple Inc. stocks is 2.10%. Apple Inc had an annual average earnings growth of 63.60% over the past 10 years. GuruFocus rated Apple Inc. the business predictability rank of 4.5-star.

Comcast Corp (CMCSA)

Renaissance purchased 2,637,102 shares of Comcast Corp, a position reflecting 0.32% of the portfolio. The share price in quarter one averaged $52 for Comcast.

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Comcast Corp was incorporated under the laws of Pennsylvania in December 2001. Comcast Corp has a market cap of $131.47 billion; its shares were traded at around $50.57 with a P/E ratio of 18.50 and P/S ratio of 2.0. The dividend yield of Comcast Corp stocks is 1.60%. Comcast Corp had an annual average earnings growth of 19.80% over the past 10 years. GuruFocus rated Comcast Corp the business predictability rank of 4-star.

Vodafone Group Plc (VOD)

Renaissance purchased 3,551,581 shares of Vodafone Group, for 0.31% of the portfolio. The share price averaged $44.

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Vodafone Group Plc is a provider of mobile communications. Vodafone Group Plc has a market cap of $90.66 billion; its shares were traded at around $34.29 with a P/E ratio of 127.50 and P/S ratio of 1.20. The dividend yield of Vodafone Group Plc stocks is 8.80%. Vodafone Group Plc had an annual average earnings growth of 2.30% over the past five years.

Tesla Motors Inc. (TSLA)

Renaissance purchased 604,880 shares of Tesla Motors, a 0.3% holding. The company’s share price average was $201.

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Tesla Motors Inc. is incorporated in the state of Delaware on July 1, 2003. Tesla Motors Inc. has a market cap of $24.18 billion; its shares were traded at around $194.87 with and P/S ratio of 11.40.

eBay Inc. (EBAY)

Renaissance acquired 2,050,827 shares of eBay Inc., a 0.27% portfolio weight. The share price average was $55.

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eBay Inc. was formed as a sole proprietorship in September 1995 and was incorporated in California in May 1996. eBay Inc. has a market cap of $65.85 billion; its shares were traded at around $51.96 with and P/S ratio of 4.10. eBay Inc. had an annual average earnings growth of 16.00% over the past 10 years. GuruFocus rated eBay Inc. the business predictability rank of 4-star.

For more of Jim Simons (Trades, Portfolio)’ Renaissance Technologies stocks, visit the portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here!


Rating: 1.0/5 (1 vote)

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Comments

thevog
Thevog premium member - 2 months ago

Only a handful of people in this world can qualify as investment Gurus. We have carefully identified a number of investment Gurus based on their long-term track record. We track their portfolio, buys, sells, and insights into the market. To qualify for our Guru Hall of Fame, an investor needs to meet at least three criteria:

  1. Long-term outstanding performance;
  2. More than $1 billion under management;
  3. Low portfolio turnover.

The above is quoted from this website. This guy has bought in excess of 2500 stocks in 6 months and has gained .058%. Why in the world is he a "guru." He has 2,794 positions? I wonder what is 1,456th best idea is? His being listed here at all, to me is insulting to value investors and certainly his ideas must be worthless to anyone accessing this site.

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