Renaissance Technologies Significantly Boosts Apple Holdings

Published 1 days agoAAPL

Renaissance Technologies Significantly Boosts Apple Holdings

In a notable move, Jim Simons' Renaissance Technologies has increased its investment in Apple Inc. by a staggering 316.2% during the second quarter of 2024. The prominent hedge fund acquired an additional 1,307,877 shares, bringing its total holdings to 1,721,444 shares. This expanded position in the tech giant is valued at approximately $362.58 million.

Apple now represents about 0.6% of Renaissance Technologies' overall portfolio and ranks as its 13th largest holding. This significant adjustment underscores the strategic importance of Apple within the firm's diverse investment strategy. Established data from defenseworld.net reveals that these changes are part of a broader pattern of strategic investments in high-profile stocks.

Renaissance Technologies has been engaging with Apple shares since 2013, completing 42 transactions entailing 23 purchases and 18 sales. The average purchase price over this period has been $30.93 per share, resulting in an estimated total gain of $1.07 billion to date. With Apple currently trading at $198.53 per share and boasting a market cap of approximately $3.28 trillion as of May 2025, the firm continues to align its quantitative investment strategies with its commitment to capitalize on Apple's market prominence.

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