Renaissance Technologies, led by the renowned mathematician and investor Jim Simons (Trades, Portfolio), has recently expanded its investment portfolio with the addition of shares in inTest Corp (INTT). The transaction, which took place on December 29, 2023, saw the firm acquire 39,000 shares of the company, known for its test and process solutions in various high-tech markets.
Renaissance Technologies, led by the renowned mathematician and investor Jim Simons (Trades, Portfolio), has recently expanded its investment portfolio with the addition of EchoStar Corp (NASDAQ:SATS). This strategic move by Simons' firm reflects a continued interest in the technology and communications sectors.
Overview of the Recent Portfolio Addition Renaissance Technologies, led by Jim Simons (Trades, Portfolio), has recently expanded its investment portfolio with the addition of 4,144,447 shares in Innoviva Inc (NASDAQ:INVA). The transaction, which took place on December 29, 2023, reflects a 3.63% increase from the previous holding, marking a significant vote of confidence in the biopharmaceutical company. With a trade price of $16.04 per share, the firm has demonstrated a strategic move to capitalize on Innoviva's market potential.
The luxury goods company has a number of admirers ahead of Capri acquisition, including Bridgewater Associates, Jeff Auxier, Paul Tudor Jones and Steven Cohen.
Mairs and Power (Trades, Portfolio), a Minnesota-based investment firm, has recently made a notable adjustment to its investment portfolio by reducing its stake in Tennant Co (NYSE:TNC). Mairs and Power (Trades, Portfolio) is renowned for its disciplined long-term investment approach, managing three mutual funds with a focus on companies that exhibit consistent growth, strong returns on invested capital, and durable competitive advantages.