Jim Simons, RenTech sold Apple and Amazon stock, boosted Tesla stake - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Jim Simons' Renaissance fund dumped Apple and Amazon and boosted its Tesla stake last quarter

RenTech, a quantitative hedge fund founded by Cold War codebreaker and MIT math professor Jim Simons, sold its roughly 193,000 Amazon shares and 979,000 Apple shares in the three months to June 30.

It probably raked in a total of $600 million to $900 million, based on the two stocks' trading ranges in the period. The sales will fuel concerns that the tech titans, which have skyrocketed in value this year, are overpriced and set to retreat.Warren Buffett should cut his $110 billion Apple stake, veteran Berkshire Hathaway investor says

RenTech, which relies on algorithms to make many of its trading decisions, also lifted its stake in Tesla by 44% to 1.1 million shares. The move is a swift reversal for the fund, given it owned 3.9 million shares in Elon Musk's electric-car company at the end of December 2019,Even so, Tesla was RenTech's 10th most valuable holding at the end of June, up from its 42nd biggest at the end of March.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 729. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Inside Santa Barbara County, Prince Harry and Meghan Markle's new home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Why do we need to talk about it? They are cute they are loved It here in covid it’s harsh just relax be happy enjoy things cuz life is going to get harder
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

Inside Sunrun strategy to provide clean power from customer batteries - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

Business Insider Subscription - Sign up TodayAs a BI subscriber, we’ll take you inside the companies you care about, industry analysis on new trends, and important interviews and info you can’t afford to miss. Subscribe now for up to 50% off your annual subscription
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

Trump WeChat ban worries business leaders at Apple, Disney, Walmart - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Lol, Ohhh the horror, apps may get banned, but not the ones spying on Americans America does not believe in free markets
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

What to know before using Experian Boost or UltraFICO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

Trump's $300 unemployment boost could leave out 1.5 million low-wage workers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. (Graphic Image below) I usually don’t do this but my son’s friend really needs help, he been in a car crash and currently has no insurance or family help with medical bills and he has cerebral palsy ❤️ I thought his order said 400$, now be dropped to 300$. Good lord 😏 Should give the money to employers INSTEAD to help them for less burden, extra money to HIRE THE EMPLOYEES TO COME BACK TO WORK!! If those employees become lazy, and then will be out of work for good and it's not good for them bc the unemployment benefits won't last 4ever!!
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »