Jim Simons was (and is still even after his death in May 2024) one of the most important names, if not the largest, of the coverage bottom space. He was a mathematician endowed and had a successful career in the academic field before making a daring pivot to finance in the late 1970’s.
In 1978, he founded MONEMETRICS (a currency trade company) and Limroy (a coverage fund), which collapsed in an entity in 1982 and renamed Renaissance Technologies. This entity had an important goal: to use quantitative and computer -based models to exploit market inefficiencies. In other words, Simons and his team pledged to make investment decisions based on sophisticated algorithms.
Renaissance technologies (Rentech) started as a coverage background, but then became a bigger thing. It is now an investment management company that operates various coverage funds. Its emblematic offer is the Medallion Fund. The Medallion Fund is known for extraordinary returns. During the fall of dot.com (early 2000’s) and the financial crisis (2007-2011), medallion returns were 56.6% and 74.6%, respectively. After the first two years of operation, the lowest annual performance was 31.5%.
The trajectory of the medallion fund in the market and, by extension, Rentecch’s, gained a lot of money in Simons. On the death, $ 31.4 billion was worth it and ranked among the 100 best rich people in the world. And, as Simons often said, all the success he had in the market refers to the love of mathematics. Consequently, the Medallion Fund has been capable of extraordinary returns mainly because the investment team, led by Simons, leveraged mathematics.
The fund uses algorithm -based methods to identify patterns and take advantage of past data for investment decisions. That is why Rench invested (and continues to invest) billions in intellectuals and professionals in fields such as mathematics, computer science and physics. In one of his last interviews, he said: “We hired statistical, physical, astronomers, mathematicians; the important thing was that they were very smart.”
Jim Simons was a generational talent when investing. He started an investment business and caused others that others could only dream. And because his legacy lives at Rentecch, it makes sense to want to know which companies are invested.
We deepened the Renaissance Technologies’ Q4 2024 Sec 13F files to collect this list. We focused only on companies’ actions and excluded interests in ETF and options. We then chose shares with market capitalization of $ 10 billion or less. From the result, the actions based on analysts’ price goals were classified and we selected the 10 best companies with the most potential on the reverse (from April 30).
Why are we interested in the stocks that cover the funds? The reason is simple: our research has shown that we can overcome the market by imitating the best stock options for the best coverage funds. The strategy of our quarterly bulletin selects 14 stocks of small layers and large layers each quarter and has returned 373.4% since May 2014, surpassing its reference point at 218 percentage points (Check out more details here)).
New Ltd. (NVMI): Between the actions of small head of Jim Simon
New Ltd. (NASDAQ: NVMI) Develops and sells advanced measurement tools (known as Metrology Solutions) for semiconductor and electronic industries. These tools help manufacturers check the size and quality of very small and high -tech components during production.
New Ltd. (NASDAQ: NVMI) recorded record financial performance in the fourth quarter and by 2024. The income in the quarter increased 9% quarter to $ 194.8 million. This growth was a significant leap of 45% year -on -year and overcome the company’s guidance. Throughout the year, the firm recorded an annual income of $ 672.4 million, a 30% increase compared to 2023. The profitability also grew substantially; Non -Gaap Net None Revenue in the quarter touched $ 62.3 million ($ 1.94 per diluted action), 43% year -on -year of 43%. Non -GAAP net income for a full year reached $ 214.9 million ($ 6.69 per diluted action), an increase of 38% compared to 2023.
According to the direction, the strong performance was possible due to multiple growth vectors. To begin with, sales of metrology solutions of materials such as the New Metrion and New Veraflex platforms reached new records. The company also published sales of records for autonomous solutions of dimensional metrology for advanced packaging and GAA manufacturing). Analysts have a strong purchase opinion on Nova Ltd. (NASDAQ: NVMI) and its average price goal of a year aims at 48.40% in reverse of current levels, from May 1.
Usually nvmi Rankes 5th In our list of Rentecch actions, the Rentecch billionaire, wash actions with great potential on the reverse. Although we recognize the potential of NVMI as an investment, our conviction lies in the belief that the actions of the AI have a greater promise to obtain higher yields and to do it in a shorter period. There is an AI stock that increased since the beginning of 2025, while the popular AI actions lost around 25%. If you are looking for a stock of Ia more promising than NVMI but that sells less than 5 times, see our report on this Stock of AI cheap.
