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 | |
|---|---|---|---|---|---|---|
3051
Medtronic
MDT
$113B
| – | – |
-2,200,400
| Closed | -$136M |
|
|
3052
Meta Platforms (Facebook)
META
$1.5T
| – | – |
-2,291,235
| Closed | -$181M |
|
3053
Mohawk Industries
MHK
$6.94B
| – | – |
-374,000
| Closed | -$50.4M |
|
3054
Monro
MNRO
$442M
| – | – |
-73,979
| Closed | -$3.59M |
|
3055
The Mosaic Company
MOS
$7.11B
| – | – |
-580,200
| Closed | -$25.8M |
|
3056
Marathon Petroleum
MPC
$90.1B
| – | – |
-186,400
| Closed | -$7.89M |
|
3057
Marten Transport
MRTN
$1.22B
| – | – |
-147,543
| Closed | -$1.05M |
|
3058
ArcelorMittal
MT
$49.4B
| – | – |
-534,631
| Closed | -$16.8M |
|
|
NAK
3059
Northern Dynasty Minerals
NAK
$768M
| – | – |
-52,500
| Closed | -$29K |
|
3060
Nordic American Tanker
NAT
$1.35B
| – | – |
-458,338
| Closed | -$3.62M |
|
3061
Nabors Industries
NBR
$1.17B
| – | – |
-30,848
| Closed | -$35.1M |
|
3062
Norwegian Cruise Line
NCLH
$9.52B
| – | – |
-91,300
| Closed | -$3.29M |
|
3063
Neogen
NEOG
$1.98B
| – | – |
-216,035
| Closed | -$3.2M |
|
3064
NGL Energy Partners
NGL
$1.88B
| – | – |
-362,600
| Closed | -$14.3M |
|
3065
NOV
NOV
$6.96B
| – | – |
-307,010
| Closed | -$23.4M |
|
3066
NRG Energy
NRG
$26.3B
| – | – |
-580,016
| Closed | -$17.7M |
|
3067
Natural Resource Partners
NRP
$1.32B
| – | – |
-7,523
| Closed | -$981K |
|
3068
NETSCOUT
NTCT
$2.83B
| – | – |
-174,900
| Closed | -$8.01M |
|
3069
Oil States International
OIS
$468M
| – | – |
-96,500
| Closed | -$5.97M |
|
3070
Olin
OLN
$2.46B
| – | – |
-193,500
| Closed | -$4.89M |
|
3071
Palo Alto Networks
PANW
$257B
| – | – |
-2,279,400
| Closed | -$37.3M |
|
|
PARA
3072
DELISTED
Paramount Global Class B
PARA
| – | – |
-599,500
| Closed | -$32.1M |
|
3073
Paychex
PAYX
$44.1B
| – | – |
-243,601
| Closed | -$10.8M |
|
3074
Puma Biotechnology
PBYI
$398M
| – | – |
-30,200
| Closed | -$7.21M |
|
3075
PACCAR
PCAR
$71.1B
| – | – |
-965,667
| Closed | -$36.6M |
|
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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.