An elite hedge fund slashed its Nvidia and Tesla bets last quarter -- and boosted its GameStop stake

By Business Insider   |   2 years ago
An elite hedge fund slashed its Nvidia and Tesla bets last quarter  --  and boosted its GameStop stake

Renaissance Technologies reduced its stakes in Tesla and Nvidia while increasing its bet on GameStop last quarter. The hedge fund's portfolio update showed a shift in holdings, with a focus on tech and gaming stocks. Jim Simons' firm relies on algorithms for trading decisions, resulting in dynamic portfolio changes.

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