Renaissance Technologies Portfolio holdings
Renaissance Technologies LLC, founded in 1982 by mathematician James Simons as Monemetrics and headquartered in East Setauket, New York, is a legendary quantitative hedge fund managing around $65 billion in assets as of late 2024, renowned for its pioneering use of mathematical models and algorithms in trading. Starting with currency trading and evolving into a secretive powerhouse under its flagship Medallion Fund—launched in 1988—the firm employs PhDs, physicists, and computer scientists to analyze vast datasets, executing high-frequency trades across equities, futures, and derivatives with returns averaging over 66% annually before fees from 1988 to 2018. Simons, who stepped down as chairman in 2021, built a culture of intellectual rigor, limiting Medallion to employees and insiders since 1993 while offering institutional funds like the Renaissance Institutional Equities Fund (RIEF) to outsiders. Now led by Peter Brown and Robert Mercer’s successors, Renaissance remains a benchmark for quant investing, blending academic precision with a low-profile, extraordinarily profitable legacy despite occasional regulatory scrutiny.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$385M |
| 2 |
Microsoft
MSFT
|
+$368M |
| 3 |
Berkshire Hathaway Class A
BRK.A
|
+$298M |
| 4 |
Delta Air Lines
DAL
|
+$208M |
| 5 |
Carnival Corporation Ltd
CCL
|
+$203M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$1.34B |
| 2 |
Tesla
TSLA
|
+$353M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$303M |
| 4 |
NVIDIA
NVDA
|
+$290M |
| 5 |
Boeing
BA
|
+$286M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.27% |
| 2 | Healthcare | 18.47% |
| 3 | Consumer Discretionary | 12.34% |
| 4 | Consumer Staples | 10.13% |
| 5 | Industrials | 9.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2526
iShares Russell Top 200 ETF
IWL
$2.27B
| $713K | ﹤0.01% |
6,900
+4,700
| +214% | +$504K |
|
2527
La-Z-Boy
LZB
$1.63B
| $713K | ﹤0.01% |
23,100
-96,500
| -81% | -$2.97M |
|
2528
Invesco S&P 500 Equal Weight Energy ETF
RSPG
$551M
| $713K | ﹤0.01% |
9,300
+4,400
| +90% | +$332K |
|
2529
Nkarta
NKTX
$164M
| $712K | ﹤0.01% |
512,572
+188,572
| +58% | +$358K |
|
2530
Hillman Solutions
HLMN
$1.76B
| $710K | ﹤0.01% |
86,029
-177,400
| -67% | -$1.61M |
|
2531
Tredegar Corp
TG
$270M
| $710K | ﹤0.01% |
131,300
-66,700
| -34% | -$389K |
|
2532
AXT Inc
AXTI
$4.92B
| $709K | ﹤0.01% |
295,600
-73,412
| -20% | -$194K |
|
2533
Mammoth Energy Services
TUSK
$142M
| $708K | ﹤0.01% |
152,572
-36,400
| -19% | -$177K |
|
|
KNTE
2534
DELISTED
Kinnate Biopharma Inc. Common Stock
KNTE
| $708K | ﹤0.01% |
505,956
+168,156
| +50% | +$404K |
|
|
RNAM
2535
DELISTED
Avidity Biosciences
RNAM
| $707K | ﹤0.01% |
110,800
+44,900
| +68% | +$387K |
|
2536
Citizens
CIA
$231M
| $705K | ﹤0.01% |
247,494
-6,000
| -2% | -$17.1K |
|
2537
Betterware México
BWMX
$622M
| $704K | ﹤0.01% |
43,200
| – | – |
|
2538
Dimensional US Targeted Value ETF
DFAT
$14.7B
| $704K | ﹤0.01% |
15,400
+7,400
| +93% | +$351K |
|
2539
Fidelity MSCI Energy Index ETF
FENY
$1.96B
| $702K | ﹤0.01% |
+28,200
| New | +$678K |
|
2540
Fulton Financial
FULT
$4.67B
| $702K | ﹤0.01% |
+57,945
| New | +$760K |
|
|
AGEN
2541
Agenus
AGEN
$312M
| $701K | ﹤0.01% |
31,017
-140,234
| -82% | -$3.98M |
|
2542
Energy Services of America
ESOA
$293M
| $701K | ﹤0.01% |
173,201
+68,601
| +66% | +$229K |
|
2543
Smart Sand
SND
$190M
| $698K | ﹤0.01% |
300,656
+36,056
| +14% | +$71.3K |
|
2544
KVH Industries
KVHI
$162M
| $697K | ﹤0.01% |
136,600
-1,400
| -1% | -$9.48K |
|
|
SY
2545
So-Young International
SY
$212M
| $696K | ﹤0.01% |
666,324
-33,261
| -5% | -$46.8K |
|
2546
RB Global
RBA
$17.2B
| $693K | ﹤0.01% |
+11,084
| New | +$683K |
|
2547
Five Below
FIVE
$12.8B
| $692K | ﹤0.01% |
4,300
-156,100
| -97% | -$28.5M |
|
2548
Jack in the Box
JACK
$331M
| $691K | ﹤0.01% |
10,000
-10,000
| -50% | -$851K |
|
|
ACOR
2549
DELISTED
Acorda Therapeutics
ACOR
| $690K | ﹤0.01% |
46,061
+500
| +1% | +$7.53K |
|
2550
Chicago Rivet & Machine Co
CVR
$10M
| $689K | ﹤0.01% |
39,110
+1,400
| +4% | +$29.9K |
|
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Renaissance Technologies's Q3 2023 Portfolio in Review
As of Q3 2023, Renaissance Technologies held 4,329 positions worth $58.7B, down 15% from $69.4B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Renaissance Technologies withdrew a net $8.34B in Q3 2023, closing 713 positions and reducing 1,794 holdings. Its most notable exit was Chevron, an estimated $185M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Renaissance Technologies opened a new position in D.R. Horton worth $125M.
- Renaissance Technologies's largest Q3 2023 buy was D.R. Horton: 1,159,438 shares worth $125M.
- Renaissance Technologies added most to Netflix in Q3 2023, an estimated $385M increase.
- Renaissance Technologies's biggest Q3 2023 reduction was Meta Platforms (Facebook), cutting an estimated $1.34B.
- Renaissance Technologies fully exited Chevron in Q3 2023, selling an estimated $185M.
- Renaissance Technologies's ten largest holdings make up 12% of its $58.7B portfolio in Q3 2023.
- Renaissance Technologies opened 464 new positions and closed 713 in Q3 2023.
- Renaissance Technologies's portfolio value fell 15% quarter-over-quarter to $58.7B.
Based on Renaissance Technologies's 13F filing for Q3 2023, filed 14 Nov 2023.