Jim Simons' quantitative hedge fund, Renaissance Technologies, liquidated its entire stake in The Allstate Corporation during the second quarter of 2026. The sale involved all 317,700 shares held by the firm, which were valued at approximately $65.87 million at the end of the first quarter. This move came during a period where Allstate reported strong financial results, with second-quarter revenue of $18.6 billion and net income of $3.24 billion, driven by improved underwriting and higher policy volumes.
The trade was disclosed in an August 13th SEC Form 13F filing, which details the firm's holdings as of June 30, 2026. Investors should note that these quarterly filings reflect portfolio changes from the previous quarter and do not represent the firm's current, real-time trading activity. During the second quarter, Allstate also completed a significant share repurchase program.