Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Renaissance Technologies Returns, AUM, CEO and Top Energy Stock Picks

In this article, we discuss Renaissance Technologies returns, AUM, CEO and top energy stock picks. You can skip our detailed analysis of Renaissance Technologies and its performance over the years and go directly to read Renaissance Technologies Top 5 Energy Stock Picks

Jim Simons is one of the top hedge fund managers in the world, having generated remarkable returns in his long investment career. With a net worth of $30.7 billion in the investment world, Simons is one of the most successful hedge fund managers.

Medallion Fund, established in 1988 and managed by Renaissance Technologies, has emerged as one of the most successful funds owing to its impressive track record. The flagship Medallion Fund has generated tens of billions of dollars in returns since being set up with an annualized average return of 66%. On the other hand, Renaissance Technologies generated more than $100 billion in profits between 1988 and 2020. The hedge fund reported over $69 billion in managed 13F securities as of the end of the second quarter of 2023. Its Assets Under Management (AUM) are worth over $106 billion.

The massive returns stem from the unique investment approach that Simons and his team deployed at Renaissance Technologies, which entails relying on complex mathematical formulas and crucial metrics. The strategy involves determining the probabilities of a stock performance and balancing the portfolio accordingly.

Investments in Amazon.com, Inc. (NASDAQ:AMZN), Apple Inc. (NASDAQ:AAPL), NVIDIA Corporation (NASDAQ:NVDA), and Meta Platforms, Inc. (NASDAQ:META) have become big winners in Renaissance Technologies portfolio. In addition, the hedge fund explores investment opportunities in a diverse range of industries as one of the ways of diversifying the portfolio.

Billionaire investor Simons stepped down from active management of Renaissance Technologies in 2010 and stepped down as the executive chairman in 2021. Peter Brown is the chief executive officer tasked with ensuring the hedge fund sticks to its quantitative analysis to discover and unlock value in the market. Speaking on an episode of the podcast “Exchanges at Goldman Sachs, Brown reiterated they always look to hire people with exceptional math and programming ability as well as strong work ethic.

Jim Simons of Renaissance Technologies

Our Methodology

We scanned the second quarter portfolio of Renaissance Technologies and picked the firm’s top energy stock picks.

Renaissance Technologies Returns, AUM, CEO and Top Energy Stock Picks

12. EOG Resources, Inc. (NYSE:EOG)

Renaissance Technologies’ Q2 2023 Holdings: $60.79 Million

Number of Hedge Fund Holders: 43

EOG Resources, Inc. (NYSE:EOG) is one of billionaire Renaissance Technologies’ energy stock picks as the company develops, produces, and markets crude oil and natural gas. It has emerged as one of the best energy plays, going by a 216% gain over the past three years.

43 out of the 910 hedge funds part of Insider Monkey’s Q2 2023 database had invested in EOG Resources, Inc. (NYSE:EOG). Natixis Global Asset Management’s Harris Associates is the biggest shareholder among these since it owns a $986.93 million stake.

11. Targa Resources Corp. (NYSE:TRGP)

Renaissance Technologies’ Q2 2023 Holdings: $66.35 Million

Number of Hedge Fund Holders: 35 

Targa Resources Corp. (NYSE:TRGP) is an energy company that operates, acquires, and develops a portfolio of midstream infrastructure assets. The company gathers, compresses, and transports natural gas. It also offers services to liquefied petroleum gas exporters while purchasing and selling natural gas liquids.

After digging through 910 hedge funds for their June quarter of 2023 shareholdings, Insider Monkey discovered that 35 had bought the firm’s shares.

10. EQT Corporation (NYSE:EQT)

Renaissance Technologies Q2 2023 Holdings: $67.66 Million

Number of Hedge Fund Holders: 51

EQT Corporation (NYSE:EQT) has been one of Renaissance Technologies’ top energy stock picks, with a 30% gain year to date. In addition, the stock is up by more than 600% over the past three years, affirming why it is one of the best for gaining exposure in the energy sector.

By the end of this year’s second quarter, 51 of the 910 hedge funds tracked by Insider Monkey had invested in EQT Corporation (NYSE:EQT). Eric W. Mandelblatt’s Soroban Capital Partners is the most significant stakeholder among these due to its $233.37 million investment.

9. Cosan S.A. (NYSE:CSAN)

Renaissance Technologies’ Q2 2023 Holdings: $73.57 Million

Number of Hedge Fund Holders: 5 

Cosan S.A. (NYSE:CSAN) is a company that engages in fuel distribution in key markets of Europe, Latin America, and North America.

By the end of 2023’s June quarter, 5 out of the 910 hedge funds polled by Insider Monkey had held a stake in the company. Cosan S.A. (NYSE:CSAN)’s largest hedge fund investor is Israel Englander’s Millennium Management due to its $1.81 million stake.

8. Pioneer Natural Resources Company (NYSE:PXD)

Renaissance Technologies’ Q2 2023 Holdings: $81.38 Million

Number of Hedge Fund Holders: 54

Pioneer Natural Resources Company (NYSE:PXD) is a Texas-based company that explores and produces oil and gas independently. It is one of billionaire Jim Simon’s energy stock picks that explores, develops, and produces oil and natural gas liquids.

As of Q2 2023 end, 54 out of the 910 hedge funds part of Insider Monkey’s database were Pioneer Natural Resources Company (NYSE:PXD)’s investors. Out of these, the firm’s biggest shareholder is Donald Yacktman’s Yacktman Asset Management since it owns 1.28 million shares that are worth $264.24 million.

7. BP p.l.c. (NYSE:BP)

Renaissance Technologies’ Q2 2023 Holdings: $90.90 Million

Number of Hedge Fund Holders: 36

BP p.l.c. (NYSE:BP) is one of the players in the oil and gas Integrated industry, specializing in providing carbon products and services. It operates through Gas and low-carbon energy, Oil Production, and operations. It also engages in the production of natural gas and integrated gas and power.

As of June 2023, 36 out of the 910 hedge funds part of Insider Monkey’s database had invested in BP p.l.c. (NYSE:BP). Out of these, the largest shareholder is John Overdeck and David Siegel’s Two Sigma Advisors due to a $207.27 million stake.

6. Antero Resources Corporation (NYSE:AR)

Renaissance Technologies’ Q2 2023 Holdings: $104.78 Million

Number of Hedge Fund Holders: 38

Antero Resources Corporation (NYSE:AR) is a Colorado-based oil and gas company. The company boasts a massive presence in the Appalachian Basin and the upper Devonian shale.

Insider Monkey took a look at 910 hedge funds for their June quarter of 2023 shareholdings and discovered that 38 were the firm’s investors. Antero Resources Corporation (NYSE:AR)’s biggest hedge fund investor in our database is Phill Gross and Robert Atchinson’s Adage Capital Management since it owns 4.15 million shares that are worth $95.65 million.

Click to continue reading and see Renaissance Technologies Top 5 Energy Stock Picks.

Suggested articles:

Disclosure: None. Renaissance Technologies Returns, AUM, CEO and Top Energy Stock Picks is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…