Renaissance Buys Abbvie, Boeing, EMC; Cuts DIRECTV, Elan, GE

Renaissance Technologies

The latest 13F filing of Renaissance Technologies Llc with the Securities and Exchange Commission (SEC) revealed that the amount of its stockholdings was $41,273,211,000 for the first quarter of the current fiscal year. In the previous quarter, the investment management firm’s portfolio was worth $34,334,285, 588.

Renaissance Technologies

Renaissance Technologies’ New Stockholdings

Renaissance Technologies largest new stock acquisition in the first three months of 2013 include Abbvie Inc (NYSE:ABBV) 2,427,900 shares worth $99,009,759, The Boeing Company (NYSE:BA), 1,110,300 shares worth $95,319,253, EMC Corporation (NYSE:EMC) 7,900,000 shares worth $188,730,995 and Avon Products Inc (NYSE:AVP) 1,050,500 shares with $21,776,865 market value.

The investment management firm also acquired Aflac Incorporated (NYSE:AFL) 1.064,800 shares worth $55,390,896, Coca Cola Enterprises Inc (NYSE:CCE) 1491,100 shares worth $55,051,409, and Fifth Third Bancorp (NASDAQ:FITB) 4,804,534 shares with $78,361 947 market value.

Its other significant new stockholdings were Cincinnati Bell Inc (NYSE:CBB) 1,363,035 shares, Peabody Energy Corporation (NYSE:BTU) 1,457,700 shares, Clearwire Corporation (NASDAQ:CLWR) 1,574,400 shares, Corning Inc (NYSE:GLW) 4,065,500 shares, JP Morgan Chase & Co. (NYSE:JPM) 1,180,086 shares, and Interpublic Group of Companies (NYSE:IPG) 1,211,000 shares among others.

Increased Stockholdings

Renaissance Technologies increased its stake in the following companies: Ameren Corp (NYSE:AEE) 2,009,700 shares, American Realty Capital Properties (NASDAQ:ARCP) 1,499,500 shares, Aztra Zeneca Plc (NYSE:AZN) 1,124,500 shares, Activision Blizzard (NASDAQ:ATVI) 3,548,078 shares, and Blackstone Group (NYSE:BX) 2,684,900 shares.

The investment management firm also bought additional 5,992,500 shares of Boston Scientific Corporation (NYSE:BSX), 1,960,600 shares of Cadence Design Systems (NASDAQ:CDNS), 1,288,200 shares of Celgene Corporation (NASDAQ:CELG), and 1,482,000 shares of CNO Financial Group (NYSE:CNO) etc.

Reduced and Sold Out Positions

Renaissance Technologies significantly reduced its stake in the following companies: DIRECTV (NASDAQ:DTV) 1,413,200 shares, Consolidated Edison (NYSE:ED) 1,114,500 shares, Estee Lauder Companies Inc (NYSE:EL) 1,318,300 shares, Elan Corporation (NYSE:ELN) 1,417,500 shares, General Electric Company (NYSE:GE) 5, 086,100 shares, and Harmony Gold Mining Co (NYSE:HMY) 1,771,300 shares.

It is also interesting to note that Renaissance Technologies further reduced its stockholdings in gun manufacturer Sturm Ruger & Co. Inc (NYSE:RGR) by 320,900 to 160,000 shares worth $8,116,800. During the third quarter in 2012, the investment management firm held a 4.44 percent stake in the gun manufacturer. It seemed that it decided to join the bandwagon of hedge funds that sold their stakes in gun manufacturers amid pressures for the implementation of stricter law for gun control.

Renaissance Technologies sold out it entire stake in Johnson Controls Inc (NYSE:JCI), Joy Global Inc (NYSE:JOY), Kimco Realty Corporation (NYSE:KIM), Kennametal Inc (NYSE:KMT), and Lithia Motors (NYSE:LAD).

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About the Author

Marie Cabural
Marie received her Bachelors Degree in Mass Communication from New Era University. She is a former news writer and program producer for Nation Broadcasting Corporation (NBC-DZAR 1026), a nationwide AM radio station. She was also involved in events management. Marie was also a former Young Ambassador of Goodwill during the 26th Ship for Southeast Asian Youth Program (SSEAYP). She loves to read, travel and take photographs. She considers gardening a therapy.

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