Medallion Fund Strategy, Returns, and Holdings: Top 5 Stock Picks

2. Amazon.com, Inc. (NASDAQ:AMZN)

Renaissance Technologies Investment In Q1 2023: $929 million

Amazon.com, Inc. (NASDAQ:AMZN) is an electronic commerce retailer which also operates in consumer electronics, enterprise computing, and other industries. It is the second stock on our list so far whose shares are rated a Strong Buy on average despite the fact that the firm has somewhat struggled in an inflationary environment.

Jim Simons’ Renaissance Technology owned a $929 million stake in Amazon.com, Inc. (NASDAQ:AMZN) during Q1 2023. During the same time period, 243 hedge funds of the 943 polled by Insider Monkey had also invested in the firm, with Ken Fisher’s Fisher Asset Management being the largest investor.

Follow Amazon Com Inc (NASDAQ:AMZN)