We recently released a list 10 small stocks of Rentech by billionaire Jim Simons, with huge upward potential. In this article, we will explore the representatives of small-cap stocks of Wynn Resorts, Limited (NASDAQ:WYNN) and other billionaire Jim Simons, Rentech, with huge upside potential.
Jim Simons (even after his death in May 2024) is one of the most well-known (if not the biggest) people in the hedge fund space. He was a talented mathematician who had a successful career in academia and then raised a bold hub in the late 1970s.
In 1978, he founded Monemetrics (a currency trading company) and Limroy (a hedge fund), which collapsed into an entity in 1982 and renamed Renaissance Technology Company. The entity has a primary goal: to use quantitative, computer-driven models to take advantage of market inefficiencies. In other words, Simmons and his team are committed to making investment decisions based on complex algorithms.
Renaissance technology (Rentech) was originally used as a hedge fund, but later became something bigger. Now, this is an investment management company that runs multiple hedge funds. Its flagship product is the Medal Fund. Medal Funds are known for their remarkable returns. During the Dot.com crash (early 2000s) and the financial crisis (2007-2011), the medal returns were 56.6% and 74.6%, respectively. After the first two years of operation, the minimum annual rate of return was 31.5%.
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Medal Foundation's track record in the market and through RealtenCh's, Simons made a lot of money. After his death, he was worth $31.4 billion, among the top 100 richest people in the world. And, as Simons often says, all his success in the market depends on his love for mathematics. Souvenir Funds are therefore able to earn extraordinary returns, mainly because of the investment team led by Simons - Leveraged Mathematics.
The fund uses algorithm-based methods to identify patterns and invest using past data. That's why Rentech invests (and will continue to invest billions of dollars, and from intellectuals and professionals in fields such as mathematics, computer science, and physics. In his last interview, he said: "We hired statisticians, physicists, astronomers, mathematicians - and what's important is that they're smart."
Jim Simons is a talent passed down from generation to generation when it comes to investment. He started an investment business and led to heights that others could only dream of. And because his estate lives in Rentech, it makes sense to wonder about the company they invest in.
We filtered the 'Q4 2024 SEC 13F file for Renaissance Technology to compile this list. We focus only on the stocks of the company and exclude the interests of ETFs and options. We then picked stocks with a market value of $10 billion or less. From the results, we ranked the stocks based on the analyst's price targets and selected the top 10 companies with the highest upward potential (as of April 30).
Why are we interested in stocks that hedge funds to accumulate? The reason is simple: Our research shows that we can beat the market by mimicking the top stocks of the best hedge funds. Our strategy for quarterly newsletters selects 14 small and large stocks every quarter, returning 373.4% since May 2014, beating its benchmark by 218 percentage points (See more details here).
Jim Simmons of Renaissance Technology
Renaissance Technology's share value: $139,299,697
Upward potential as of May 1 to May 1
Market value as of May 1: $85 billion
Number of hedge fund holders: 64
Wynn Resorts, Limited (NASDAQ: Wynn) designs, builds and operates luxury resorts and casinos. Its main products and services include gaming facilities such as high-end hotels, casinos, gourmet restaurants, entertainment venues, spas and retail spaces. The company is mainly in the United States (Las Vegas and Boston) and in Macau, China.
In the fourth quarter of 2024, Wynn Resorts (NASDAQ:WYNN) reported flat operating income of $1.84 billion. However, revenue for the full year increased to $7.13 billion in 2024, compared with revenue for the previous year of $6.53 billion. Net income fell to $277 million for the quarter, compared with $42.9 million for the second quarter. For the full year of 2024, net income was US$501.1 million, compared with US$730 million in the previous fiscal year. Las Vegas's operations department performs the best in the company's operations department. Operating revenue rose 16.2% to $655.2 million in the quarter. This growth is behind rising casino revenues (29.9%) and hotel revenues (10.8%).
Wynn Resort (NASDAQ: Wynn) is making serious international expansion moves. For example, in the Wynn Al Marjan Island project in the UAE, the building has developed to the thirty-fifth floor of the hotel tower. To date, the company has contributed $631.7 million to the project and the resort is expected to open in 2027. According to the latest report from Inside Asian Gaming, the company is also one of several global casino operators. Despite these positive developments, Argus lowered the stock from buying to holding on April 23. Research firms’ concerns about slow recovery in Macau and expectations that U.S. operations only moderately grow.
Overall, Wynn Ranked 10th There is huge upside potential in the small-cap stock draft of our billionaire Jim Simons. Although we acknowledge that Wynn’s potential is an investment, our belief is that AI stocks have higher returns in a shorter time frame and offer greater hope in a shorter time frame. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for more promising AI stocks than Wynn, but their earnings are trading below 5 times the price, check out our report The cheapest AI stock.
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Disclosure: None. This article was originally published in Internal monkey.