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)).
Permian Resources (PR): Between the actions of Rentec, of Rentecch, the Rentecch billionaire, with great potential on the reverse
A foreground of a head, which shows the production of oil and natural gas from the company.
Permian Resources Corporation (NYSE: PR) is an independent producer of oil and natural gas. Explore, extract and develop raw, natural gas and natural gas liquids. Its products serve the energy sector, supplying fuel to refineries and other industrial buyers in both national and world markets.
In the fourth quarter of 2024, the Permian (NYSE: PR) resources reported solid operating performance. The crude production of the quarter had an average of 171,274 barrels a day (BBLs/D), and the total production reached 368,414 barrels equivalent to the day (BOE/D). At the Financial Front, the company generated $ 872 million for operating activities and $ 400 million in free cash flow during the quarter. Above all, the corporation has achieved commendable operating efficiency gains; It reduced the costs of perforation and completion to approximately $ 775 per side, a reduction of 3% compared to the previous quarter and a reduction of 14% year -on -year.
By 2025, Permian Resources (NYSE: PR) has exposed an efficient capital operating plan focused on delivering an annual production of approximately 8% compared to 2024. It also aims to maintain a similar capital budget of $ 1.9 billion and $ 2.1 billion. The company provides an average of 170-175 mega barrels a day (MBBLs/D) of oil production and 360-380 mega equivalent barrels of oil a day (MBOE/D) of total production.
On April 29, 2025, Bank of America (Bofa) reduced its permian resources price goal (NYSE: PR) from $ 17 to 15, maintaining a purchase rating. This adjustment reflects the updated projections of the Bofa oil market, which predicted the lowest prices of WTI oil for the second in the fourth quarter of 2025.
Generally, PR Rankes 7th In our list of Rentecch actions, the Rentecch billionaire, wash actions with great potential on the reverse. Although we recognize the potential of the PR as an investment, our conviction lies in the belief that AI actions 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 the PR but which quotes less than five times, see our report on this Stock of AI cheap.
