Billionaires Steve Cohen And Jim Simons Love These Stocks

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 |  Includes: AAPL, AMZN, APC, BA, CAT, CMCSA, COH, CTL, ESV, ETN, FTO, GMCR, HES, JPM, M, MJN, NEM, PCLN, SU, SYK, UTHR, VLO, VMED, VMW, YUM
by: Insider Monkey

Steve Cohen founded SAC Capital in 1992. Since then, he has been able to deliver investors average annual returns around 30% by taking advantage of small market inefficiencies and making up in quantity what he losses by not being focused on singular large gains. He also managed to make himself one of the world’s richest men in the process.

And, he is not alone… Jim Simons also ranks among the world’s richest men. His Renaissance Technologies is the world’s largest hedge fund. Simons’s strategy is similar to Cohen’s; he focuses solely on the numbers, examining the market for small inefficiencies and holding an equally broad portfolio.

Together, these men are considered amongst the best fund managers in the world, routinely outperforming the market. So far this quarter, the pair’s performance has been no exception. They have 25 stocks in common that each have at least $30 Million invested in at the end of June. Those stocks in common lost just 8.9% since the end of last quarter compared with an 11.2% loss for the S&P 500 (NYSEARCA:SPY).

Company

Ticker

SAC Capital

Jim Simons

Return Since June

APPLE INC

AAPL

200746

445837

23%

PRICELINE COM INC

PCLN

31743

205130

4%

JPMORGAN CHASE & CO

JPM

38623

199815

-25%

MEAD JOHNSON NUTRITION

MJN

66327

148610

10%

NEWMONT MINING CORP

NEM

117720

112943

26%

COMCAST CORP NEW

CMCSA

78666

80003

-13%

CENTURYLINK INC

CTL

101712

78977

-16%

AMAZON COM INC

AMZN

111347

77126

13%

VMWARE INC

VMW

33347

75724

-12%

COACH INC

COH

34160

74178

-11%

YUM BRANDS INC

YUM

125907

59234

-4%

UNITED THERAPEUTICS CORP

UTHR

120351

49005

-27%

COOPER INDUSTRIES PLC

CBE

76413

48989

-23%

GREEN MOUNTAIN COFFEE ROASTERS I

GMCR

97241

48912

23%

HESS CORP

HES

98602

48651

-24%

SUNCOR ENERGY INC NEW

SU

189975

45560

-28%

VIRGIN MEDIA INC

VMED

40529

39964

-18%

E N S C O PLC

ESV

159976

38852

-13%

STRYKER CORP

SYK

81098

38847

-20%

ANADARKO PETROLEUM CORP

APC

110967

37689

-5%

BOEING CO

BA

57749

36743

-17%

MACYS INC

M

119693

35289

-10%

FRONTIER OIL CORP

FTO

57717

35231

N/A

VALERO ENERGY CORP NEW

VLO

139975

32669

-22%

CATERPILLAR INC

CAT

71637

31716

-25%

Click to enlarge

Some of the strongest gains so far this quarter have come from Apple Inc (NASDAQ:AAPL). Simons made well on his $445.8 million position as did Cohen with his $200.7 million position, gaining 23% since the end of June. Apple is popular amongst fund managers right now, thanks largely to its consistently high returns (see which hedge fund managers are most bullish about Apple).

The pair also have positions in common with Priceline.com Inc (NASDAQ:PCLN). Cohen owns $31.7 million while Simons has $205 million. The company has done great since the end of June, but it did manage to produce a solid 4% return. Andreas Halvorsen of Viking Global is also bullish about Priceline.

Simons and Cohen are also bullish about JP Morgan Chase & Co (NYSE:JPM); Cohen owns a position worth $31.7 million while Simons holds a position worth almost $200 million. The company has produced significant losses since the end of June, losing 25%. Lee Ainslie, Maverick Capital likes JPM as well, so much so that he increased his position in the company by 80% last quarter.

The pair have positions in common in Mead Johnson Nutrition Co (NYSE:MJN) as well. Simons has a $148.6 million stake in the company while Cohen holds $66.3 million. So far this quarter the stock has given a 10% return. Third Point’s Dan Loeb is also a fan.

Of the stocks the Simons and Cohen hold in common, the best performer since the end of June has been Newmont Mining Corp (NYSE:NEM). Newmont has produced a 26% return for the pair. Simons holds almost $113 million while Cohen is slightly more bullish, holding $117.7 million in the gold and silver company. First Eagle Investment Management’s Jean-Marie Eveillard is bullish about Newmont as well.

YUM, APC, GMCR and AMZN are the other stocks that managed to outperform the market. We believe investors can outperform the market by imitating the top stock picks of these two billionaire hedge fund managers.



Disclosure: I am long CTL.