Jim Simons

Jim Simons

Last Update: 2014-02-14

Number of Stocks: 2816
Number of New Stocks: 500

Total Value: $41,760 Mil
Q/Q Turnover: 24%

Countries: USA DEU CAN
Details: Top Buys | Top Sales | Top Holdings  Embed:

Jim Simons' s Profile & Performance

Profile

In 1982, Simons founded Renaissance Technologies Corporation, a private investment firm based in New York with over $20 billion under management; Simons is still at the helm, as CEO, of what is now one of the world's most successful hedge funds.

Investing Philosophy

For over two decades, Simons' Renaissance Technologies' hedge funds, which trade in markets around the world, have employed complex mathematical models to analyze and execute trades, many of them automated. Renaissance uses computer-based models to predict price changes in easily-traded financial instruments. These models are based on analyzing as much data as can be gathered, then looking for non-random movements to make predictions.

"The advantage scientists bring into the game is less their mathematical or computational skills than their ability to think scientifically. They are less likely to accept an apparent winning strategy that might be a mere statistical fluke."

Total Holding History

Performance of Medallion Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
20103015.0614.9

Top Ranked Articles

Sycamore Networks: A Lottery Ticket That Pays You
What if you paid $1 for a lottery ticket, but if you didn’t win over the next two years, you could turn that ticket back in for $1.08? Read more...
5 Stocks That Dropped the Most Since Gurus Bought Them
Value investors are primarily interested in the price of a security, though they need to do additional research to determine whether a cheap stock is a good investment. GuruFocus’ Guru Bargains screener shows the Guru stocks that have declined the most since they were purchased. The screener serves as a jumping-off point to get investing ideas for further analysis. Some stocks whose prices have nosedived may be quality companies facing a temporary setback, and others may be value traps in permanent decline. Read more...
Jim Simons: Mathematics, Common Sense, and Good Luck: My Life and Careers
Jim Simons gave a speech in MIT: Read more...
Sears Makeover Relevant to Online Shoppers
With a finger on the pulse of today’s shopper, Guru Edward Lampert has a gift for making retailers relevant to the ever-changing consumer. His retail re-visioning of Sears and Kmart is starting to pay off. Sears Holdings Corporation’s online businesses for Sears and Kmart grew 20% in the second quarter of 2013, year-over-year. Lampert’s brainchild, the Sears ‘Shop Your Way’ membership program, generated more than 65% of the revenues at Sears Domestic and Kmart during the second quarter, compared to around 55% in the same quarter a year ago. But despite e-commerce growth, Sears Holdings reported an operating loss of $51 million in the second quarter of 2013, after a loss of $103 million in the second quarter of 2012. Read more...
Insider Buys at 52-Week Highs
Several companies have reported group insider buying or pricey singular insider buying as their companies near or hit their 52-week highs. The following three companies have reported these insider buys throughout the month of July. Watching group insider buying (especially at high prices) is important because it can signify a collective faith in the stability and potential for additional growth in a company. It can also be beneficial to note insider buys with large transaction amounts because insiders typically will not invest their money into a company if they know they are going to lose it. [b] Read more...
» More Jim Simons Articles

Commentaries and Stories

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Expedia Is in Search of Europe's Growth
Expedia Inc. (EXPE) is one of the world's largest online travel services companies. Businesses include Expedia, Hotels.com and Hotwire. In December 2011, Expedia spun off TripAdvisor (TRIP) as a publicly traded company. More...

LONG, TRAVEL, LEISURE, INTERNET, TECH, E-COMMERCE, RETAIL,


  • Currently 3.13/5

Rating: 3.1/5 (8 votes)

Why I Feel Bearish About Fastenal
Fastenal Company (FAST) sells fasteners and other industrial and construction supplies under the Fastenal® product name. This product line consists of two categories: threaded fasteners and miscellaneous supplies and hardware. More...

LONG, INDUSTRIALS, FASTENERS, CONSTRUCTION, SUPPLIES


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Will JAKKS Make a Comeback in 2014?
Last week, GE Capital Corporate Finance announced it would be serving as an administrative agent for JAKKS Pacific Inc. (JAKK), which will be receiving a $75 million senior secured credit facility. The financial help, directed towards corporate purposes and capital expenditures should be of great help to the toy designer and manufacturer, since 2013 was a rough year on earnings, and cash flow hit a historical low point with losses of over $32 million. However, the company seems confident it can turn results around and following management’s optimistic claim about 2014, several investment gurus like Paul Tudor Jones (Trades, Portfolio) and Jim Simons (Trades, Portfolio) hedge fund have bought JAKKS stock. So, let’s see More...

TOY MANUFACTURERS,TOY DESIGNERS,MAUI INC.,JKID LTD,ANIMATION PRODUCTIONS,KMART,COSTUMES,FURNITURE,PRESCHOOL PRODUCTS


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Good Business Structure for L-3 Communications
L-3 Communications Holdings Inc. (LLL), is a contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, Command, Control, Communications (C3) systems, aircraft modernization and sustainment of aircraft, maritime vessels and ground vehicles, and national security systems. The company also provides electronic systems used on military and commercial platforms. More...

LONG, INTELLIGENCE, SURVEILLANCE, RECONNAISSANCE


  • Currently 5.00/5

Rating: 5.0/5 (4 votes)

Absolute and Relative Valuation Models Indicate the Same: Abbot Is a Buy Daniel Loeb,Jim Simons - Absolute And Relative Valuation Models Indicate The Same: Abbot Is A Buy
Abbott Laboratories (ABT) is engaged in the discovery, development, manufacture and sale of health care products. Market-based metrics indicate that the stock is relatively undervalued. So now let's take a look at the intrinsic value of this company and try to explain to investors the reasons why it is a good buy or not. With a dividend-payment history that affirms its commitment to maximize shareholder wealth, the company raised its quarterly dividend by 57% to $0.22 per share from $0.14. Its dividend yield is 1.67%, ahead of the industry yield of 1.35%. This makes it interesting to analyze the Discount Dividend Model. More...

LONG, HEALTH, CARE


  • Currently 5.00/5

Rating: 5.0/5 (3 votes)

Dividends Make Macy's Valuation Worth Considering
Macy´s (M) is operating about 850 stores under the names Macy's and Bloomingdale's. Its P/E ratio indicates that the stock is relatively undervalued. So now let's take a look at the intrinsic value of this company and try to explain to investors the reasons why it is a good buy or not. More...

LONG, RETAIL, APPAREL


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Gabelli Revealed Adding Xyratex to Its Equity Portfolio, Should You Too?
According to GuruFocus Real Time Picks, on March 7, Mario Gabelli (Trades, Portfolio), the chairman and chief executive officer of GAMCO Investors Inc. added Xyratex Ltd. (XRTX) at an average price of $13.17 and currently holds 742,642 shares of the stock, worth 0.05% of his portfolio. More...

LONG, TECH, DATA, STORAGE


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Why Darden Restaurants Is a Sell in the Near-Term
Darden Restaurants Inc. (DRI) is the world's largest publicly held casual dining restaurant company. It owns and operates the Olive Garden®, Red Lobster®, LongHorn Steakhouse®, The Capital Grille®, Yard House®, Bahama Breeze®, Seasons 52®, Eddie V’s Prime Seafood® and Wildfish Seafood Grille® restaurant brands.Below Analysts' ExpectationsDarden Restaurants is the largest full-service restaurant company in the world. As of May 26 2013, the company operated 2,138 restaurants in the U.S. and Canada, all of which are owned by the company, except three restaurants located in Florida and three restaurants located in California that are owned by joint ventures managed by the company. As of the same date, the company had 37 franchised restaurants in Japan, the Middle East, Puerto Rico and Mexico pursuant to area development and franchise agreements. But unfortunately, sales declined at its best known brands. Darden´s performance was hurt by a sales drop at its Red Lobster chain, which it plans to separate the segment either through a spin-off or sale. This transaction could take place in 2015. Olive Garden also underperformed analysts' expectations for the major part of fiscal 2013.Inflation RiskOutlook for food inflation at Darden is higher than in the past, so food and beverage expenses ratio will be higher year over year. Commodity inflation will be between 2.5% to 3.0% in fiscal 2014 and most of the food inflation will come from proteins, particularly beef and seafood. Furthermore, energy costs are also likely to be up year over year. As a matter of fact, earnings for fiscal 2014 are probably declining in the range of 15% to 20%.Long-Term Drivers The Specialty Restaurant Group (SRG), which includes Bahama Breeze and The Capital Grille, has grown over the last couple of quarters. Eddie V's Restaurants and Yard House might be meaningful long-term drivers, as we think most of the growth in the next years will come from the acquisition of those restaurants.Analyst RecommendationThe firm is currently Zacks Rank # 3 - Hold, and it also has a longer-term recommendation of “Underperfom.” For investors looking for a Zacks Rank # 1 – Strong Buy, Ignite Restaurant Group Inc. (IRG) and The Wendy's Company (WEN) could be the options.P/E, Earnings and ROEIn terms of valuation, the stock sells at a trailing P/E of 18.5x, trading at a premium compared to the industry. Earnings per share (EPS) decreased by 42.3% in the most recent quarter compared to the same quarter a year ago. The company missed the Zacks Consensus Estimate for both earnings and revenues in fiscal second quarter 2014.Finally, I always like to see one of the most important financial ratios applying to stockholders, the best measure of performance for a firm's management: the return on equity. The ratio has decreased when compared to the same quarter one year prior. Let´s compare the current ratio with the peer group in the next table: Ticker Company Name ROE (%) DRI Darden Restaurants 20 WEN Wendy´s 2.36 EAT Brinker International, Inc. 109.37 BWLD Buffalo Wild Wings, Inc. 15.36 DNKN Dunkin Brands Group Inc 36.06 As we can see, the firm has a higher ROE than Wendy´s and Buffalo Wild Wings, Inc. (BWLD), but far less than the ones from Dunkin Brands Group Inc (DNKN) and Brinker International, Inc. (EAT).Final Comment As outlined in this article, the company underperformance in its core brands, Red Lobster and Olive Garden resulted in lower sales in the last quarter. Darden was not the only one facing trouble, other restaurants such as Dine Equity (DIN) and Yum! Brands (YUM) have also fallen short. On the other hand, we see we think Darden can continue to get benefitted from the acquisitions.With a closed price level that was not very different from its closing price of one year earlier, in this opportunity I would recommend investors to stay away from this stock. Hedge fund gurus have also been active in the company in fourth quarter 2013. Gurus like Jim Simons (Trades, Portfolio), David Dreman (Trades, Portfolio) and Westport Asset Management (Trades, Portfolio) have sold or reduced positions in it.Disclosure: Victor Selva holds no position in any stocks mentioned. More...

LONG, RESTAURANTS, CASUAL, DINING


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Honda Is a Sell According to the DDM
Honda Motor Co. (HMC) is engaged in the development, manufacturing and distribution of motorcycles, automobiles, power products, and also provision of financing for the sale of those products. Automobile sales accounted for 78% of total segment sales in FY 13 (March), while motorcycle sales contributed 13.6% during the same period. More...

LONG, AUTO, MOTO, AUTOMOBILES, MOTORCYCLES, , POWER PRODUCTS


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

I Feel Bullish on Ball
Ball Corporation (BLL) is a supplier of metal packaging. The company produces steel food containers and steel and aluminum containers for beverages, food, personal care and household products, as well as steel paint cans, decorative steel tins and aluminum slugs. The company sells its packaging products mainly to beverage, food, personal care and household products companies. Also, the company’s aerospace business designs, develops and manufactures aerospace systems for civil, commercial and national security aerospace markets. More...

LONG, METAL, PACKAGING


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Is Grifols Being Overlooked?
Based in Barcelona, Spain, Grifols SA (GRFS) is a vertically integrated producer of plasma derivatives. It also operates in the pharmaceutical-hospital sector engaged in researching, developing and retailing of plasma derivates, products for intravenous therapy, clinical nutrition, diagnostic and hospital logistics systems. The firm's products and services are used by health care providers in around 100 countries to diagnose and treat patients with hemophilia, immune deficiencies, infectious diseasses and a range of other medical conditions. Through the operation of commercial susidiaries Grifols has presence in 24 countries. More...

LONG, PHARMA, HEALTH, PLASMA


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Can Malllinckrodt Keep on Crushing Expectations?
Engaged in the pharmaceutical business and based in Dublin, Ireland, Mallinckrodt PLC (MNK) is a developer, manufacturer, marketer and distributor of specialty pharmaceutical products and diagnostic imaging agents. Its business segments include branded and generic drugs, sold to wholesalers and retail drugstore chains, as well as contrast media and nuclear imaging agents. Mallinckrodt's primary focus on pharmaceuticals is on products in the pain therapeutic class, especially after being spun-off by Covidien (COV) last summer. More...

LONG, PHARMA, SPECIALTY, IRELAND


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Abbott Capturing Incremental Market Share
Abbott Laboratories (ABT) is engaged in the discovery, development, manufacture, and sale of health care products. The company’s reportable segments include: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Vascular Products. Non-reportable segments include the Diabetes Care and Medical Optics segments. More...

LONG, HEALTHCARE, PHARMA


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

China Mobile: How Profitable Is the World’s Largest Mobile Carrier?
Profitability is one of the main factors to look at when analyzing a company. It’s not only the reason behind a company’s existence, but also a key element when determining whether to invest in a company. Thus, in this article I will look into China Mobile Ltd. ADR (CHL)’s earnings, profit margins, profitability ratios and cash flow. Additionally, I will evaluate which institutional investors bought the stock in the recent quarters (institutional backup can tell a lot about a stock). More...

LONG, MOBILE, CARRIER, TELECOM


  • Currently 5.00/5

Rating: 5.0/5 (3 votes)

This Tech Company Endured the 90s Bubble and Managed to Stay on Top of the Market
Before, After and Throughout the 90s Bubble More...

LONG, TECH, DATA, STORAGE, BUBBLE


  • Currently 5.00/5

Rating: 5.0/5 (4 votes)

Bassett Is a Perfect Target for Activist Investors
According to GuruFocus Real Time Picks, on March 11, Mario Gabelli (Trades, Portfolio), the Chairman and Chief Executive Officer of GAMCO Investors Inc. added Bassett Furniture Industries, Inc. (BSET) at an average price of $15.75 and currently holds 442,425 shares of the stock, worth 0.01% of his portfolio. More...

LONG, INTERIOR, HOME, FURNISHING


  • Currently 4.33/5

Rating: 4.3/5 (3 votes)

Encana Corp: Too Much Debt and Not Enough Earnings
Over the past few weeks I have been watching the developments of the energy industry, which has provided an excellent opportunity to search for investment stocks in this sector. One company I think is very interesting to analyze is Encana Corp (ECA). While there are many different factors to look at and consider when investing, in the article below I will analyze the company's total debt, total liabilities, debt ratios and what analyst and other top investors believe about its future profitability. From this analysis we should get an idea about the firm’s leverage and how much to expect in return for investing in it over the long term. More...

LONG, ENERGY, GAS, NATURAL, OIL, PETROL, EXPLORATION, PRODUCTION, E&P


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

What Makes AT&T a Profitable Investment
As the second largest domestic wireless carrier, AT&T (T) provides its services to over 93 million customers and 14 million “connected devices,” in addition to operating as a phone company in 22 states (30 million phone lines and 16 million Internet users). The company’s scale advantages, and well-developed wireless unit are particularly attractive features, which has helped establish its dominant market position. In fact, today the company shares 60% of the entire domestic communications market with rival Verizon Communications Inc. (VZ)’s Wireless system. More...

LONG, MOBILE, TELECOM, CARRIERS, DOMESTIC, WIRELESS


  • Currently 5.00/5

Rating: 5.0/5 (3 votes)

United: An Airline in Strong Recovery
United Continental Holdings Inc. (UAL) has a rollercoaster history in the airline industry. The company went from being a pioneer airline in 1933, to filing for bankruptcy in 2002 because of its bloated cost structure. And although removing the massively underfunded pension plan helped alleviate the cost scenario, it was mainly the Continental merger in 2010 that restored this airline to its position as the largest player in the domestic market, surpassing Delta Air Lines Inc. (DAL), Republic Airways Holdings Inc. (RJET) and JetBlue Airways Corporation (JBLU). Since investment gurus Ken Heebner (Trades, Portfolio), George Soros (Trades, Portfolio), and Jim More...

AIRLINES,TRAVEL,CONTINENTAL,STAR ALLIANCE,FLIGHTS


  • Currently 5.00/5

Rating: 5.0/5 (3 votes)

Keep Your Eyes on This Soaring Champion
The airline industry is probably one of the toughest to maneuvre successfully. With over 180 bankrupt companies since 1978, and 82% of the domestic market currently concentrated amongst the top four carriers with strong pricing power, this is definitely one tough market space. However, the Texas-based low-cost airline Southwest Airlines Co (LUV) has managed to not only survive 40 years in the industry, but also consecutively deliver profits, thanks to its low fares, a 700 aircraft of all-Boeing fleet, and its utilization of second-tier airports like the Chicago Midway. So, let’s see why investment gurus Jim Simons (Trades, Portfolio) and Ray Dalio (Trades, Portfolio) deposited their trust in this airline, by buying its shares last quarter. A More...

AIRLINES,TRAVEL,AIRTRAN,AIRPORTS,LA GUARDIA,HARTSFIELD-JACKSON ATLANTA,BOEING,CHICAGO MIDWAY


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