We just covered the 12 Best Stocks to Invest In According to Jim Simons’ Renaissance Technologies and Franco-Nevada Corporation (NYSE:FNV) ranks 8th on this list.
Franco-Nevada Corporation (NYSE:FNV) has been a staple in the 13F portfolio of Renaissance Technologies for many years
The fund first disclosed a stake in the company back in the second quarter of 2012. This position comprised 178,000 shares. By the next quarter, this holding had been sold off.
Another position was opened in the stock in the fourth quarter of 2012 and sold off by the third quarter of 2013. A new position was then disclosed in the first quarter of 2014. Since then, the stock has featured consistently in the portfolio.