Billionaire Investor Jim Simons Just Bought These 3 "Magnificent Seven" Stocks
A good way to spot trends in the stock market is to look at which companies asset management firms are investing in. While there are a lot of hedge funds out there, one of the more closely followed portfolios hails from Renaissance Technologies.
Renaissance is led by Jim Simons, who is actually a mathematician by trade. A look at the fund's most recent filings shows one clear trend: Renaissance is investing heavily in the technology sector right now.
But with just about every tech company parroting their artificial intelligence (AI) capabilities, it can become hard to discern the winners from the wannabes. Let's dig into Renaissance's portfolio and assess the most bullish opportunities from Simons and his team.
Source Fool.com
