We recently released a list According to Jim Simons' Renaissance Technology In this article, we will explore Verisign, Inc. (NASDAQ: VRSN) location, according to Jim Simons' Renaissance technology, is in conflict with other best stocks.
Even after his death in 2024, billionaire investor and mathematician Jim Simons is still known as the "Quantum King" of hedge funds due to his New York-based quantitative trading company. After years of studying the financial industry, Simmons realized the untapped potential of using quantitative analysis to capitalize on market inefficiencies. This insight led him to develop a data-driven investment strategy that uses only statistical and mathematical models to analyze market behavior. By identifying subtle non-random patterns in financial data, Quant Genius predicts future stock movements and produces impressive returns.
Although Jim Simons' Secret Medal Hedge Fund is a Renaissance flagship, it has achieved breakthrough results since its inception. During the DOT-COM collapse in the early 2000s and the global financial crisis between 2007 and 2011, the Medal Fund received 56.6% and 74.6% on impressive returns. The fund's annual yield has been 31.5% since its first two years of operation. At the time of his death, Simmons was worth $31.4 billion, thanks to the medal fund and Renaissance market performance that ranked him among the richest people in the world.
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Renaissance Technologies' computer-driven powerhouse came off to a great start after a stellar performance in 2024. The Renaissance Institutional Diversified Alpha Fund has gained 9.05% as of February, continuing to build on its impressive 2024 return of 15.6%, which was its best since its inception in 2021. Meanwhile, the Renaissance Institutional Equities Fund has had its best start in over ten years, rising in the first two months of 2025, was 11.85%. In addition to using stock index futures and options to help manage risks, both funds can maintain considerable personal stock positions. However, the company warns that it is difficult to quickly relax these huge holdings without affecting market prices.
In this list, we picked stocks from Renaissance Technologies’ 13F portfolio at the end of the fourth quarter of 2024. These stocks are also popular among elite hedge funds.
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 Q4 shares: US$603.3 million
Number of hedge fund holders: 41
Verisign, Inc. (NASDAQ: VRSN) is a multinational domain name registry and network infrastructure service provider. The company remains the only registry for the .com and .net domains. Back in November 2024, Verisign, Inc. (NASDAQ: VRSN) and Internet Corporation extend their registry protocol to provide allocated names and numbers for the .com domain (ICANN). The company will continue to operate the .com registry until November 30, 2030.
Verisign, Inc. (NASDAQ: VRSN) earned more than analysts’ expectations in the first quarter of 2025, with revenue per share of $2.10 compared to $2.07. The company's revenue rose 4.7% year-on-year to $402 million, slightly higher than the estimated $396.52 million. In addition, Verisign's net revenue increased to $190 million from $194 million in the same quarter last year, indicating strong operating performance. The company also launched a quarterly cash dividend of $0.77 per share.
Looking to the future, Verisign, Inc. (NASDAQ: VRSN) Keeping a cautious outlook in the face of macroeconomic uncertainty, the revenue range is expected to range between $16.35 billion and $1.65 billion in 2025. As the domain registration trends progress significantly, the company continues to focus on expanding its domain name portfolio and enhancing its marketing plans.
Overall, VRSN Ranked fifth Our list of the best stocks, according to Jim Simons' Renaissance Technique. Although we acknowledge the potential of VRSN as an investment, our belief lies in the belief that certain AI stocks have greater hope and can provide higher returns and conduct them 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 AI stocks that are more promising than VRSN but have less than 5 times its earnings, check out our report The cheapest AI stock.
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Disclosure: None. This article was originally published in Inside monkey.