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 | |
|---|---|---|---|---|---|---|
|
FSFG
3101
DELISTED
First Savings Financial Group
FSFG
| $194K | ﹤0.01% |
13,200
-200
| -1% | -$3.16K |
|
|
SYRS
3102
DELISTED
Syros Pharmaceuticals, Inc. Common Stock
SYRS
| $194K | ﹤0.01% |
49,235
+3,100
| +7% | +$11.6K |
|
3103
ReWalk Robotics
LFWD
$20.4M
| $192K | ﹤0.01% |
3,000
+351
| +13% | +$21.5K |
|
|
LAC
3104
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $192K | ﹤0.01% |
+11,300
| New | +$213K |
|
|
ORGN
3105
DELISTED
Origin Materials
ORGN
| $191K | ﹤0.01% |
+4,977
| New | +$391K |
|
3106
USCB Financial Holdings
USCB
$413M
| $191K | ﹤0.01% |
18,200
+600
| +3% | +$6.66K |
|
3107
Broadway Financial
BYFC
$98.5M
| $190K | ﹤0.01% |
24,289
-6,850
| -22% | -$52.3K |
|
|
DAO
3108
Youdao
DAO
$2.08B
| $190K | ﹤0.01% |
47,300
+500
| +1% | +$2.11K |
|
3109
Vince Holding Corp
VNCE
$83.9M
| $189K | ﹤0.01% |
120,350
-2,200
| -2% | -$5.43K |
|
3110
CPI Aerostructures
CVU
$65.5M
| $188K | ﹤0.01% |
56,390
-5,410
| -9% | -$19.9K |
|
3111
Richmond Mutual Bancorp
RMBI
$255M
| $188K | ﹤0.01% |
16,842
+200
| +1% | +$2.28K |
|
|
SNCY
3112
DELISTED
Sun Country Airlines
SNCY
| $188K | ﹤0.01% |
12,700
-193,200
| -94% | -$3.41M |
|
|
RJET
3113
Republic Airways Holdings
RJET
$1.01B
| $187K | ﹤0.01% |
14,514
+5,610
| +63% | +$146K |
|
|
VLD
3114
DELISTED
Velo3D, Inc.
VLD
| $186K | ﹤0.01% |
+3,400
| New | +$211K |
|
3115
First Trust Energy AlphaDEX Fund
FXN
$363M
| $185K | ﹤0.01% |
10,600
-22,600
| -68% | -$387K |
|
3116
Marker Therapeutics
MRKR
$19M
| $183K | ﹤0.01% |
40,250
+8,300
| +26% | +$46.4K |
|
3117
Omeros
OMER
$916M
| $183K | ﹤0.01% |
+62,800
| New | +$252K |
|
3118
Research Solutions
RSSS
$73.9M
| $182K | ﹤0.01% |
72,900
+3,500
| +5% | +$7.76K |
|
3119
Wave Life Sciences
WVE
$1.17B
| $182K | ﹤0.01% |
31,700
-133,120
| -81% | -$608K |
|
|
JT
3120
DELISTED
Jianpu Technology Inc. American Depositary Shares, each representing twenty Class A Ordinary Shares
JT
| $182K | ﹤0.01% |
183,369
-6,300
| -3% | -$7.16K |
|
3121
ECB Bancorp
ECBK
$181M
| $181K | ﹤0.01% |
+16,500
| New | +$203K |
|
3122
Escalade
ESCA
$307M
| $180K | ﹤0.01% |
11,730
+100
| +0.9% | +$1.46K |
|
3123
Eton Pharmaceutcials
ETON
$1.26B
| $180K | ﹤0.01% |
43,200
+15,600
| +57% | +$60.2K |
|
|
PET
3124
DELISTED
Wag!
PET
| $180K | ﹤0.01% |
92,239
-32,026
| -26% | -$68.6K |
|
|
MLNK
3125
DELISTED
MeridianLink
MLNK
| $179K | ﹤0.01% |
+10,500
| New | +$198K |
|
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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 714 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 714 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.