Renaissance Technologies opened a $0.3M position in Fidelity Covington Trust
Renowned investor Jim Simons' firm Renaissance Technologies has added a new position worth $0.3 million in Fidelity Covington Trust, filed on August 13, 2025, for the period ending June 30, 2025.
New Investment by Renaissance Technologies
Renaissance Technologies LLC, led by legendary investor Jim Simons, has recently opened a new stock position in Fidelity Covington Trust. This move was disclosed on August 13, 2025, and pertains to the period ending June 30, 2025.
Details of the New Position
The investment amounts to $0.3 million, with Renaissance Technologies acquiring 8,300 shares of Fidelity Covington Trust (symbol: FSMD). This position represents a small percentage of their overall portfolio.
Significance and Context
Fidelity Covington Trust operates in the financial sector, though no specific sector was provided. The filing highlights Renaissance Technologies' strategic approach to investing, often characterized by data-driven decisions and long-term strategies. While this position is relatively small compared to their overall portfolio, it underscores their ability to identify opportunities across various industries.
Investor Background
Renaissance Technologies LLC, managed by Jim Simons, is a leading hedge fund known for its quantitative investment strategies. Their track record of success has established them as one of the most respected firms in institutional investing.