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Renaissance Technologies (RenTech), a hedge fund founded by Jim Simons, disclosed in its first-quarter 13F filings that it purchased 1 million shares of GameStop (GME) and increased its stake in AMC to 8.7 million shares in March. The purchases were made before the significant surge in meme stocks in May, which saw GameStop's stock price rise by 400%.
An elite hedge fund bought 1 million GameStop shares before the meme stock's 400% surge https://t.co/G1igoOUQGZ
Renaissance Technologies (founded by Jim Simons, RIP) bought 1 MILLION shares of $GME before the May rally according to 13F filings (1Q24) Hedge funds have been more active on the long side of $GME and $AMC this year https://t.co/JDAlsfL1vS
Famed hedge fund Renaissance Technologies (RenTec, founded by Jim Simons) surprisingly purchased shares of $AMC and $GME in the 1st quarter according to 13F filings ahead of the May rally @TheRoaringKitty https://t.co/TeTqdoVj2P