Jim Simons' Renaissance slashed its stakes in Amazon and Starbucks, and pulled $1.2 billion out of Tesla last quarter

Jim Simons' Renaissance slashed its stakes in Amazon and Starbucks, and pulled $1.2 billion out of Tesla last quarter

Business Insider

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· *Renaissance Technologies cut its Tesla, Amazon, and Starbucks holdings in the first quarter.*
· *The quantitative hedge fund, founded by Cold War codebreaker Jim Simons, sold more than 80% of its Tesla and Starbucks stock and 43% of its Amazon shares, a financial filing revealed.*
· *RenTech also slashed its stakes...

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