Jim Simons’ Medallion Fund has not realized negative returns since 1990. Medallion Fund is probably the best hedge fund Insider Monkey has come across. Simons is also one of the richest men alive. We believe he would have been the richest man on this planet if he had started investing 20 years ago, writes SeekingAlpha.
David Tepper gained international popularity in 2003 after realizing record breaking return of 148.8%. The founder of Appaloosa Management again made headlines in 2009 when he returned 132.72%. The success of David Tepper can be due to his contrarian style of investing. In 2009, he profited excessively from his concentrated investment in some of America’s major banks. However, he has been quite bearish about banks since early this year. He reduced his stakes in major American banks since early 2011.
Both Billionaires Jim Simons and David Tepper both love the following stocks:
Apple Inc. (AAPL) is one of the most popular stocks among hedge funds and rightly so. Since the end of June, Apple has gained 14%. It has a hedge fund rating of 85. Apple is the largest holding in the equity portfolio of Jim Simons’ Renaissance Technologies. Simons has $445.8 million worth of Apple. David Tepper’s Appaloosa Management has $67.1 million invested in the company. Ken Griffin’s Citadel Investment Group has both put and call option positions of Apple. He has around $2 billion invested in the company.
Google Inc. (GOOG) is also one of the most popular stocks among hedge fund managers. The company has also gained 5% since the end of June. Jim Simons has $280.8 million invested in the company. Google is the 5th largest holding of Renaissance Technologies’ equity portfolio. David Tepper owns $45.5 million worth of Google shares.
CF Industries Holdings (CF) is among the top 10 holdings of David Tepper. Tepper has $122.8 million invested in CF Industries. Tepper has the second highest stake in CF Industries preceded by Phill Gross’ Adage Capital Management. Jim Simons is also among the top 10 stakeholders of the company. He has $60.5 million invested in the company at the end of June. Since the end of the second quarter, CF Industries gained 29.6%.
Applied Materials Inc. (AMAT): David Tepper has the fourth largest stake in Applied Materials. Tepper has $85.2 million invested in Applied Materials. During the second quarter, Jim Simons purchased $56.8 million worth of Applied Materials shares. Since the end of June, AMAT has lost 17%....
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