Jim Simons' quantitative hedge fund, Renaissance Technologies, liquidated its entire stake in QUALCOMM INC. (QCOM) during the second quarter of 2026. According to its latest 13F filing, the firm sold all 530,324 of its shares, a position previously valued at approximately $68.3 million.
This disclosure reflects trades made between March 31 and June 30, 2026, offering a delayed look at the firm's portfolio adjustments. The move came during a quarter where Qualcomm saw fluctuating stock performance and reported mixed financial results, with some reports noting an EPS miss while others cited a beat. The broader context for the chipmaker included struggles in the smartphone market offset by significant growth in its automotive sector and a major new share repurchase program.