is a quantitative investor whose investing ways are not likely to
titillate the value investor. At his Renaissance Technologies,
employees or even computers make purchasing decisions based on
mathematical and statistical methods. It currently has over $15
billion in assets under management.
"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," Simons has said.
His strategies have returned more than 35% annualized at his
best-performing fund, the Medallion fund, over its 20-year
existence, according to Bloomberg Businessweek.
Of his 391 new stocks purchased in the second quarter, the largest
positions are: Apple (
), Citigroup Inc. (
), ConAgra Foods Inc. (
), ConocoPhillips (
) and Comcast Corp. (
Simons purchased 714,487 shares of Apple Inc. in the second
quarter, when the price was $431 on average. The position has a
0.74% portfolio weight and shares have gained 13% since.
Apple Inc. is a California corporation founded in 1977. Apple Inc.
has a market cap of $444.9 billion; its shares were traded at
around $489.71 with a P/E ratio of 12.10 and P/S ratio of 2.70. The
dividend yield of Apple Inc. stocks is 2.40%. Apple Inc. had an
annual average earnings growth of 82.7% over the past 10 years.
GuruFocus rated Apple Inc.
the business predictability rank of 4.5-star
Apple's revenue and earnings history:
The Peter Lynch chart suggests it is undervalued:
Simons purchased 3,696,420 shares of Citigroup in the second
quarter when the price was $48 on average. The position has a 0.46%
portfolio weight, and the share price has increased 8% since.
Citigroup Inc. was incorporated in 1988 under the laws of the State
of Delaware. Citigroup Inc. has a market cap of $157.43 billion;
its shares were traded at around $51.77 with a P/E ratio of 16.00
and P/S ratio of 2.10. The dividend yield of Citigroup Inc. stocks
Citigroup earnings and revenue history:
ConAgra Foods Inc. (
Simons purchased 2,893,100 shares of ConAgra Foods Inc. in the
second quarter when the price was $35 on average. The position has
a 0.26% portfolio weight, and the share price has increased 5%
ConAgra Foods Inc. was initially incorporated as a Nebraska
corporation in 1919 and was reincorporated as a Delaware
corporation in December 1975. ConAgra Foods Inc. has a market cap
of $15.35 billion; its shares were traded at around $36.60 with a
P/E ratio of 19.70 and P/S ratio of 1.00. The dividend yield of
ConAgra Foods Inc. stocks is 2.70%. ConAgra Foods Inc. had an
annual average earnings growth of 2.7% over the past 10 years.
ConAgra's earnings and revenue history:
Simons purchased 1,393,713 shares of ConocoPhillips in the second
quarter when the price was $61 on average. It is a 0.22% portfolio
weight, and shares have since gained 10%.
ConocoPhillips was incorporated in the state of Delaware on Nov.
16, 2001, in connection with, and in anticipation of, the merger
between Conoco Inc. ConocoPhillips has a market cap of $81.82
billion; its shares were traded at around $66.90 with a P/E ratio
of 10.80 and P/S ratio of 1.40. The dividend yield of
ConocoPhillips stocks is 4.00%. ConocoPhillips had an annual
average earnings growth of 40.5% over the past five years.
Conoco's earnings and revenue history:
Visit Jim Simons' portfolio here. Also check out the Undervalued
Stocks, Top Growth Companies and High Yield stocks of Jim
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