Jim Simons was (and is still even after his death in May 2024) one of the biggest names – if not the largest – in the space of hedge funds. He was a gifted mathematician and had a successful career in the academic world before making a daring pivot to finance in the late 1970s.
In 1978, he founded Monemetrics (a currency negotiation company) and Limroy (a hedge fund), which was collapsed in an entity in 1982 and renamed Renaissance Technologies Corporation. This entity had a major objective: to use quantitative and computer -oriented models to use market ineffectiveness. In other words, Simons and his team have undertaken to make investment decisions based on sophisticated algorithms.
Renaissance technologies (Rentech) started like a hedge fund but turned into something bigger. It is now an investment management company that operates several hedge funds. Its flagship offer is the Fund medallion. The medallion is known for its extraordinary yields. During the crash dot.com (early 2000s) and the financial crisis (2007-2011), Medallion yields were 56.6% and 74.6% respectively. After the first two years of operation, the lowest annual return was 31.5%.
The history of the Fund Medallion on the market and, by extension, Rentech’s, have made a lot of money. On the death, it was worth $ 31.4 billion and ranked among the 100 richest people in the world. And, as Simons has often said, all the success he has experienced on the market comes down to the love of mathematics. Consequently, the Médalon Fund was capable of extraordinary returns mainly because the investment team – led by Simons – in math with leverage.
The fund uses methods based on algorithms to identify models and take advantage of previous data for investment decisions. This is why Rentech has invested (and continues to invest) billions of intellectuals and domains of domains such as mathematics, IT and physics. In one of his latest interviews, he said: “We hired statisticians, physicists, astronomers, mathematicians – the important thing was that they were very intelligent.”
Jim Simons was a generational talent for investment. He launched an investment business and led to tops whose others can only dream of. And because his inheritance lives in Rentech, it is logical to want to know in the companies in which they have invested.
We have screened the deposits of Q4 2024 Sec 13F of Renaissance Technologies to compile this list. We focused solely on the actions of companies and excluded interests in FNB and options. Then, we chose the shares with a market capitalization of $ 10 billion or less. According to the result, we have classified the actions according to the price objectives of analysts and selected the 10 best companies with the highest increase in increase (April 30).
Why are we interested in the stocks in which the hedge funds stacked? The reason is simple: our research has shown that we can surpass the market by imitating the main choices of stock of the best hedge funds. The strategy of our quarterly newsletter selects 14 shares with small capitalization and large capitalization each quarter and has rendered 373.4% since May 2014, beating its reference with 218 percentage points (See more details here).
Wynn Resorts, Limited (Wynn): Among the choices of stocks with a small captain of Jim Simons with enormous upward potential
Jim Simons of Renaissance Technologies
Value of Renaissance Parties Technologies: 139,299,697 $
Upward potential on May 1: 35.61%
Market capitalization on May 1: 8.50 billion dollars
Number of hedge holders: 64
Wynn Resorts, Limited (Nasdaq: Wynn) designs, builds and operates luxury stations and casinos. Its main products and services include high -end hotels, game installations such as casinos, gourmet restaurants, entertainment places, spas and retail spaces. The company operates mainly in the United States (Las Vegas and Boston) and Macao, in China.
In the fourth quarter of 2024, Wynn Resorts (Nasdaq: Wynn) reported flat operating income of $ 1.84 billion in annual sliding. However, revenues from 2024 from the year to year increased to $ 7.13 billion, compared to $ 6.53 billion for the previous year. The quarter net profit decreased to $ 277.0 million, compared to $ 729.2 million for the fourth quarter of 2023. For the full year 2024, net profit was $ 501.1 million, compared to $ 730.0 million for the previous year. The Las Vegas operations segment has carried out the best among the company’s operational segments. Operating income increased by 16.2% during the quarter to 655.2 million dollars. This growth occurred from casino (29.9%) and hotel income (10.8%).
Wynn Resorts (Nasdaq: Wynn) makes serious international expansion movements. For example, in the project of the island of Wynn Al Marjan aux Eau, the construction qualified on the thirty-fifth floor of the hotel tower. The company has contributed to $ 631.7 million to the project to date, and the complex should open its doors in 2027. The company is also one of several world casino operators demonstrating the interest of the entertainment project in Thailand, according to a recent Insian Gaming report. Despite these positive developments, Argus lowered the action of Buy to Hold on April 23. The research firm has cited concerns concerning a slow economic recovery in Macao and expectations of a single modest growth in American operations.
Overall, Wynn rank On our list of small capitalization stocks of the Jim Simons billionaire with enormous upward potential. While we recognize Wynn’s potential as an investment, our conviction lies in the conviction that AI actions are more promising to offer higher yields and do it within a shorter period. There is a stock of AI that has increased since the beginning of 2025, while the popular AI shares have lost around 25%. If you are looking for an AI more promising actions than Wynn but which is negotiated within 5 times its earnings, consult our report on this subject Stock Ai the cheapest.
