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Jim Simons' Largest Adds of the 3rd Quarter

AbbVie's stake increase of 35,677% tops the list

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Nov 13, 2015
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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.

The company is a research-based biopharmaceutical company with a portfolio of proprietary products including a broad line of adult and pediatric pharmaceuticals. The company discovers, develops, manufactures and sells proprietary pharmaceutical products.

The stock is trading with a P/E ratio of 47.76 and has been as high as $71.60 per share and as low as $45.45 per share in the past year. It is currently 15.88% below its 52-week high and 32.52% above its 52-week low. According to the DCF calculator, at the current price of $60.23 per share, the company looks overpriced by 139%.

Larry Robbins (Trades, Portfolio) is the company's leading shareholder among the gurus with a stake of 1.09% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.18% and PRIMECAP Management (Trades, Portfolio) with 0.15%.

Simons increased his stake in Alexion Pharmaceuticals Inc. (ALXN) by 5,029.76% with an impact of 0.25% on the portfolio. The stake was initiated in Q1 2010 at an average price of $24.93 per share. In Q2 2011 it saw a huge increase of 1,303.22% and another huge increase in Q2 2012. In the second quarter the position was reduced by more than 95%, but in the third quarter it saw the largest increase in its history by 5,029.76% at a price of $182.41, which is almost eight times higher than its first purchase price.

The stock is trading with a P/E ratio of 135.18 and has been as high as $208.88 per share and as low as $142.98 per share in the past year. It is currently 20.47% below its 52-week high and 16.98% above its 52-week low. According to the DCF calculator, at the current price of $166.13 per share the company looks highly overpriced by 816%.

The company's main shareholder among the gurus is

Frank Sands (Trades, Portfolio) with a stake of 2.88% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 0.3% and David Swensen (Trades, Portfolio) with 0.14% of outstanding shares.

The investor increased his stake in American Tower Corp. (AMT) with an impact of 0.15% on the portfolio.

American Tower has been a long-term position in Simons' portfolio since 2010. During the last quarter of 2014 it saw a huge increase of 101%, but the investor reduced his stake in the first and second quarters of 2015. This quarter the position saw a huge increase of 6,472.75%.

The company is an owner, operator and developer of wireless and broadcast communications real estate. The company's primary business is leasing antenna space on multitenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities and tenants in a number of other industries.

The stock is trading with a P/E ratio of 72.12 and has been as high as $106.31 per share and as low as $86.83 per share in the past year. It is currently 8.43% below its 52-week high and 12.12% above its 52-week low. According to the DCF calculator, at the current price of $97.35 per share the company looks overpriced by 389%.

Chuck Akre (Trades, Portfolio) is the company's leading shareholder among the gurus with a stake of 1.49% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.17% and Louis Moore Bacon (Trades, Portfolio) with 0.11%.

He increased his stake in Coca-Cola Enterprises Inc.(CCE) with an impact of 0.13% on the portfolio.

Coca-Cola Enterprises has been part of the investor’s portfolio since 2010; in that time it has been sold out several times. The new position was established in Q2 2014 at an average price of $46.15 per share; in the last two quarters the investor reduced his stake by 30.66% and 96.41%. This quarter the position largely increased by 4,405.68%.

The company markets, produces and distributes nonalcoholic beverages. The company offers various beverages including regular, zero and low-calorie energy and sports drinks, waters, juices, fruit drinks, coffees and teas.

The stock is trading with a P/E ratio of 22.21 and has been as high as $53.79 per share and as low as $41.03 per share in the past year. It is currently 4.05% below its 52-week high and 25.79% above its 52-week low. According to the DCF calculator, at the current price of $51.61 per share the company looks overpriced by 50%.

The shareholder that holds the largest stake is 

First Eagle Investment (Trades, Portfolio) with a stake of 1.75% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 0.49% and Joel Greenblatt (Trades, Portfolio) with 0.26%.

The investor increased his stake in Energy Transfer Equity LP (ETE) with an impact of 0.10% on the portfolio. The stake was initiated in 2010 and since then has been traded several times. The new position was established in the first quarter at an average price of $29.63 per share, but the following quarter the position was reduced by 78.165%. This quarter Simons increased his stake by 3,141.54%.

The company is a publicly traded partnership that owns the general partner of Energy Transfer Partners LP, a limited partnership company that, through its wholly owned subsidiaries, owns and operates natural gas-gathering systems, natural gas intrastate pipeline systems and gas-processing plants

The stock is trading with a P/E ratio of 26.85 and has been as high as $35.44 per share and as low as $17.99 per share in the past year. It is currently 48.73% below its 52-week high and 1.00% above its 52-week low. According to the DCF calculator, at the current price of $18.17 per share the company looks overpriced by 181%.

John Burbank (Trades, Portfolio) is the company's leading shareholder among the gurus with a stake of 0.02% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio) with 0.01%, Ron Baron (Trades, Portfolio) with 0.01% and Jim Simons (Trades, Portfolio) with 0.01%.

Simons increased his stake in Global Payments Inc.(GPN) by 6,653.09% with an impact of 0.07% on the portfolio.

The investor has held Global Payments in the portfolio since 2010. The position has been increased, reduced and sold out several times, but the largest increase was done this quarter by 6,653.09%.

The company is a provider of electronic payments transaction processing services for consumers, merchants, independent sales organizations (ISO), financial institutions, government agencies and multinational corporations. The company serves as an intermediary to facilitate electronic payment transactions and operates in two business segments, North America Merchant Services and International Merchant Services.

The stock is trading with a P/E ratio of 31.80 and has been as high as $70.99 per share and as low as $38.58 per share in the past year. It is currently 1.59% below its 52-week high and 78.59% above its 52-week low. According to the DCF calculator, at the current price of $68.89 per share the company looks overpriced by 104%.

The company's main shareholder among the gurus is 

Columbia Wanger (Trades, Portfolio) with a stake of 0.93% of outstanding shares followed by Simons with 0.42% and  John Hussman (Trades, Portfolio) with 0.07% of outstanding shares.

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