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 |
PepsiCo
PEP
|
+$228M |
| 2 |
General Dynamics
GD
|
+$195M |
| 3 |
Apple
AAPL
|
+$191M |
| 4 |
SWY
SAFEWAY INC
SWY
|
+$180M |
| 5 |
LVLT
Level 3 Communications Inc
LVLT
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWTC
TW TELECOM INC CL A COM
TWTC
|
+$380M |
| 2 |
McDonald's
MCD
|
+$284M |
| 3 |
Meta Platforms (Facebook)
META
|
+$181M |
| 4 |
ExxonMobil
XOM
|
+$153M |
| 5 |
TJX Companies
TJX
|
+$148M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.55% |
| 2 | Consumer Staples | 12.92% |
| 3 | Healthcare | 12.48% |
| 4 | Industrials | 11.29% |
| 5 | Financials | 9.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3001
Enanta Pharmaceuticals
ENTA
$362M
| – | – |
-83,277
| Closed | -$3.29M |
|
3002
EOG Resources
EOG
$77.2B
| – | – |
-642,800
| Closed | -$63.6M |
|
3003
Equinor
EQNR
$97B
| – | – |
-115,500
| Closed | -$3.14M |
|
3004
iShares MSCI Brazil ETF
EWZ
$8.99B
| – | – |
-215,200
| Closed | -$9.35M |
|
3005
Expeditors International
EXPD
$22.2B
| – | – |
-539,616
| Closed | -$21.9M |
|
3006
Expedia Group
EXPE
$36.6B
| – | – |
-232,334
| Closed | -$20.4M |
|
3007
Ford
F
$61.8B
| – | – |
-667,809
| Closed | -$9.88M |
|
3008
Fortress Biotech
FBIO
$111M
| – | – |
-12,515
| Closed | -$394K |
|
3009
Freeport-McMoran
FCX
$84.1B
| – | – |
-1,223,071
| Closed | -$39.9M |
|
3010
FedEx
FDX
$73.1B
| – | – |
-56,770
| Closed | -$9.17M |
|
3011
Comfort Systems
FIX
$52.9B
| – | – |
-63,900
| Closed | -$866K |
|
3012
Fluor
FLR
$6.59B
| – | – |
-376,600
| Closed | -$25.2M |
|
3013
FMC
FMC
$1.31B
| – | – |
-882,967
| Closed | -$43.8M |
|
3014
Fossil Group
FOSL
$252M
| – | – |
-23,400
| Closed | -$2.2M |
|
3015
Fulton Financial
FULT
$4.69B
| – | – |
-141,666
| Closed | -$1.57M |
|
3016
The Greenbrier Companies
GBX
$1.58B
| – | – |
-312,600
| Closed | -$22.9M |
|
3017
Green Dot
GDOT
$758M
| – | – |
-98,500
| Closed | -$2.08M |
|
3018
Gevo
GEVO
$348M
| – | – |
-66
| Closed | -$135K |
|
3019
Golar LNG
GLNG
$4.89B
| – | – |
-357,392
| Closed | -$23.7M |
|
3020
Generac Holdings
GNRC
$11.5B
| – | – |
-76,300
| Closed | -$3.09M |
|
3021
Globalstar
GSAT
$10.1B
| – | – |
-52,436
| Closed | -$2.88M |
|
3022
Hain Celestial
HAIN
$45M
| – | – |
-894,222
| Closed | -$45.8M |
|
3023
Hudbay
HBM
$9.67B
| – | – |
-14,982
| Closed | -$128K |
|
3024
HDFC Bank
HDB
$122B
| – | – |
-1,923,200
| Closed | -$22.4M |
|
3025
Helen of Troy
HELE
$658M
| – | – |
-117,310
| Closed | -$6.16M |
|
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Renaissance Technologies's Q4 2014 Portfolio in Review
As of Q4 2014, Renaissance Technologies held 3,351 positions worth $41.4B, up 13% from $36.5B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Renaissance Technologies deployed $3.19B of net new capital in Q4 2014, opening 590 new positions and adding to 1,468 existing holdings. Its largest new stake was General Dynamics: 1,436,400 shares worth $198M.
By sector, the portfolio is most concentrated in Technology at 14% of assets, up from 14% a quarter earlier, followed by Consumer Staples and Healthcare.
On the sell side, the largest reduction was McDonald's, an estimated $284M trimmed.
- Renaissance Technologies's largest Q4 2014 buy was General Dynamics: 1,436,400 shares worth $198M.
- Renaissance Technologies added most to PepsiCo in Q4 2014, an estimated $228M increase.
- Renaissance Technologies's biggest Q4 2014 reduction was McDonald's, cutting an estimated $284M.
- Renaissance Technologies fully exited TW TELECOM INC CL A COM in Q4 2014, selling an estimated $380M.
- Renaissance Technologies's ten largest holdings make up 11% of its $41.4B portfolio in Q4 2014.
- Renaissance Technologies opened 590 new positions and closed 412 in Q4 2014.
- Renaissance Technologies's portfolio value rose 13% quarter-over-quarter to $41.4B.
Based on Renaissance Technologies's 13F filing for Q4 2014, filed 13 Feb 2015.