Jim Simons' Renaissance lowers stake by $700M in hot dividend stock

Renaissance Technologies trimmed its Alphabet position in Q4 of 2025 by a big margin. The quantitative trading giant, founded by the late mathematician Jim Simons, slashed its Alphabet (GOOGL) stock stake by 88.6% in the fourth quarter of 2025, according to Tikr.com, selling down to just 296,470 shares worth roughly $93 million. That means the firm unloaded a position that was once worth close to $800 million. For a stock that gained 65% in 2025, its best year since 2009, per CNBC, the timing is notable ...