Billionaire Jim Simons' High-Dividend Stock Picks
By Insider Monkey:
Jim Simons
is one of the richest people in the world. He owns between 25 to 50 percent of Renaissance Technologies, which manages over $25 billion of assets in several funds. Simons is also the largest investor in the Medallion Fund, the best hedge fund that we track. The spectacular returns of this fund made Simons a billionaire. Medallion employs high frequency trading and exploits inefficiencies in the stock market. For instance, it takes advantage of the inefficiencies in the execution of large transactions. Renaissance’s Institutional Equities Fund, which makes long-term bets, is up 31% through the end of October. Its bets on high-dividend stocks helped it achieve this amazing result.
Below we compiled a list of top 20 high-dividend stocks in Simons’ portfolio at the end of September. All companies have at least $2 billion market cap and dividend yields higher than 4%.
Company Name Ticker Value Activity DividendComplete Story »
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