bought 463 new stocks for his firm Renaissance Technologies'
portfolio, which contains 2,805 holdings. The top new buys are:
Time Warner Inc. (
), Research In Motion (
), JCP Penney Inc. (
), CME Group (
) and Schlumberger Ltd. (
Simons runs an investment management company unusual from its
peers. He relies on mathematical and statistical methods to make
trades, which are often automated. A former mathematician at
Harvard and MIT, Simons eschews Wall Street and mainly hires
mathematicians, physicists, astronomers and computer scientists.
The firm has $15 billion in assets under management and has
achieved a 30 percent return since inception.
Simons bought 3,060,134 shares of
Time Warner Inc. (
at an average price of $37 per share. Over the last five years,
the stock has declined 44.6 percent.
Time Warner Inc. is the world's media and entertainment company,
whose businesses include filmed entertainment, interactive
services, television networks, cable systems, publishing and
music. Time Warner Inc. has a market cap of $34.61 billion; its
shares were traded at around $35.57 with a P/E ratio of 11.9 and
P/S ratio of 1.2. The dividend yield of Time Warner Inc. stocks
The company reported its first quarter earnings on May 2, 2012.
Its revenues grew 4% from the previous year to $7 billion on
growth in its Film and TV Entertainment Networks segments.
Earnings per share rose 16% to $0.67. The company also authorized
an additional $4 billion in stock repurchases and repurchased
approximately 24 million shares for approximately $889 million.
Simons' second-largest new buy was
Research In Motion (
. He bought 7,293,357 shares at an average price of $15. RIMM,
the maker of the once-ubiquitous Blackberry smartphone device,
has seen its share price plunge almost 77% in the last five
Research In Motion has a market cap of $6.19 billion; its shares
were traded at around $11.8 with a P/E ratio of 2.8 and P/S ratio
of 0.3. Research In Motion had an annual average earnings growth
of 28.5% over the past 5 years.
In the last 12 months, RIMM's revenue declined 7.5%, EBITDA
declined 52.4% and free cash flow declined 32.3%, as other
smartphone makers such as Apple and Google crowded RIMM's market
Simons bought 2,306,300 shares of
J.C. Penney Inc. (
at an average price of $38. JC Penney's stock has declined almost
15% over the last year after a strong increase in January.
J.C. Penney operates department stores throughout the United
States and Puerto Rico, as well as one of the largest apparel and
home furnishing sites on the Internet, J.C. Penney has a market
cap of $7.49 billion; its shares were traded at around $32.62
with a P/E ratio of 46.4 and P/S ratio of 0.4. The dividend yield
of J.C. Penney stocks is 2.3%. J.C. Penney had an annual average
earnings growth of 13.5% over the past 10 years.
For the fourth quarter of 2011, the company reported a net loss
of $87 million, which included restructuring and management
transition charges and the financial impact of implementing its
new "simplified" pricing and promotion strategy. The new
strategy, rolled out on February 1, places all prices under three
categories - Everyday, regular prices, Month-long Values, and
Best Prices, which happen twice a month and organizes sales and
promotions to fall on regular dates. The changes are part of
management's larger plan to completely reorganize the entire
Simons bought 261,119 shares of
CME Group Inc. (
at an average price of $270. In the last year CME stock has
declined 11.6%, including a dramatic increase in January.
Chicago Mercantile Exchange Holdings is the parent company of
Chicago Mercantile Exchange Inc., the largest futures exchange in
the U.S. based on notional value, trading volume and open
interest. CME Group Inc. has a market cap of $17.47 billion; its
shares were traded at around $259.88 with a P/E ratio of 15.8 and
P/S ratio of 5.3. The dividend yield of CME Group Inc stocks is
3.4%. CME Group Inc. had an annual average earnings growth of
17.9% over the past 10 years. GuruFocus rated CME Group Inc.
the business predictability rank of 3.5-star
On April 26, CME reported its first-quarter financial results.
Revenues declined to $774.6 million compared to $831.6 million
the previous year, as global trading volumes were impacted by low
levels of volatility, particularly in financial instruments.
First-quarter average daily volume was 12.3 million contracts,
down 11 percent from the previous year. The company's net income
declined to $266.3 million, compared to $457.1 million.
Simons bought 1,022,893 shares of
Schlumberg Ltd. (
at an average price of $75. The company's stock has declined 19%
over the last year.
Schlumberger Limited is a global technology services company
consisting of two business segments, Schlumberger Oilfield
Services and SchlumbergerSema. Schlumberger Lt has a market cap
of $91.82 billion; its shares were traded at around $66.58 with a
P/E ratio of 17.5 and P/S ratio of 2.3. The dividend yield of
Schlumberger Ltd stocks is 1.6%. Schlumberger Ltd had an annual
average earnings growth of 1.9% over the past five years.
Schlumberger announced first quarter 2012 results on April 20.
Its revenue was $10.6 billion, compared to $8.7 billion the
previous year, as a result of the normal seasonal slowdown in
sales. Net income, excluding charges and credits, was $1.31
billion, a 35 percent year-over-year increase.
See more of
' latest buys and sells in
his equity portfolio here
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