+ 2.69
+ 1.88%

Jim Simons Betting On Microsoft, Colgate-Palmolive, Novo Nordisk & Alaska Air

August 14, 2015 3:21 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

On Friday, Jim Simons’ Renaissance Technologies filed its Form 13F for the second quarter of the year, disclosing its long equity positions as of June 30, 2015. So, let’s take a look at the firm’s portfolio and some of its most interesting moves and positions.

After 479 new stock purchases, the closing of 416 positions, an increase in 1777 stakes, and the reduction in 924 of them, the fund’s equity portfolio’s market value fell from $46.95 billion to $43.89 billion. In terms of allocation, diversification continues to rule the portfolio, although there is a slight focus on information technology (19 percent of the total value), healthcare (15 percent) and consumer discretionary (13 percent) stocks.

The top three positions remained the same as in the previous quarter, even though Simons trimmed his exposure –slightly- to all of them. The podium is occupied by Colgate-Palmolive Company (NYSE: CL), Novo Nordisk A/S (ADR) (NYSE: NVO) and Alaska Air Group, Inc. (NYSE: ALK), of which Renaissance Technologies declared holding 12,590,800 shares, 14,087,000 shares and 6,045,200 shares, respectively, worth about $823 million, $771 million and $389 million, correspondingly.

Related Link: Donald Yacktman Liked PepsiCo And P&G Over Patterson, Dreamworks Animation Last Quarter

One of the most bullish moves was the one made in Microsoft Corporation (NASDAQ: MSFT). Over the quarter, the firm acquired more than $300 million in stock, or 6,935,684 shares, making it its sixth largest holding. Also betting on the tech behemoth are the Vanguard Group and State Street Corp, which last disclosed ownership of 463,803,325 shares and 310,763,146 shares, respectively. Among hedge funds, Jean-Marie Eveillard’s First Eagle Investment Management’s position, comprising 33,972,915 shares, could be highlighted.

Related Link: Chuck Royce Bets On Saia, Continues To Like Buckle In New 13F Filing

On the bearish side, two moves should be pointed out: the closing of Renaissance’s stakes in Facebook Inc (NASDAQ: FB) and Intel Corporation (NASDAQ: INTC). Over the period, the fund disposed of all of its 2,646,695 Facebook shares, and all of its 6,871,594 Intel shares.

Another fund that closed its position in Facebook over the second quarter is Ken Griffin’s Citadel Advisors, which sold all of its 1,840,747 shares, 2,331,700 put options and 2,682,200 call options.

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.

Related Articles

Why Cramer Is Advising You To Buy The Dip In Boeing

Boeing Co’s (NYSE: BA) latest electrical glitch warning for its 737 MAX planes could just be a hiccup and a good opportunity for investors to buy more shares of the company on the dip, CNBC "Mad Money" host read more

Treasury Cash Could Lift Airline ETF

The U.S. Global Jets ETF (NYSE: JETS) is one of the exchange-traded funds rising to notoriety this year due in part to the Robinhood crowd and with plenty of help from Uncle Sam. read more

3 ETFs To Consider For The Week Ahead: Big Earnings For Airlines, Chips And Consumers

Barclays Fastens Seat Belt for Earnings Growth For Spirit, But Sees Shorter Runway For JetBlue