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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$327M |
| 2 |
Chipotle Mexican Grill
CMG
|
+$271M |
| 3 |
Chevron
CVX
|
+$264M |
| 4 |
JPMorgan Chase
JPM
|
+$233M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$224M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$707M |
| 2 |
Johnson & Johnson
JNJ
|
+$396M |
| 3 |
Amazon
AMZN
|
+$312M |
| 4 |
Walmart Inc
WMT
|
+$285M |
| 5 |
Intuitive Surgical
ISRG
|
+$262M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.73% |
| 2 | Technology | 14.98% |
| 3 | Financials | 10.9% |
| 4 | Consumer Discretionary | 8.96% |
| 5 | Real Estate | 8.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3451
Jacobs Solutions
J
$15.7B
| – | – |
-361,308
| Closed | -$19M |
|
3452
Jabil
JBL
$32.3B
| – | – |
-8,800
| Closed | -$243K |
|
3453
KB Financial Group
KB
$42.5B
| – | – |
-7,900
| Closed | -$367K |
|
3454
Kirby Corp
KEX
$7.08B
| – | – |
-82,100
| Closed | -$6.86M |
|
3455
Kimberly-Clark
KMB
$36.6B
| – | – |
-385,200
| Closed | -$40.6M |
|
3456
Kroger
KR
$35.4B
| – | – |
-1,004,400
| Closed | -$28.6M |
|
3457
Lineage Cell Therapeutics
LCTX
$277M
| – | – |
-166,421
| Closed | -$300K |
|
3458
Leggett & Platt
LEG
$1.37B
| – | – |
-92,300
| Closed | -$4.12M |
|
3459
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$742M
| – | – |
-20,200
| Closed | -$896K |
|
3460
Lennar Class A
LEN
$20.2B
| – | – |
-756,707
| Closed | -$38.5M |
|
3461
LKQ Corp
LKQ
$5.76B
| – | – |
-289,260
| Closed | -$9.23M |
|
3462
Eli Lilly
LLY
$1.03T
| – | – |
-488,000
| Closed | -$41.6M |
|
3463
Lockheed Martin
LMT
$132B
| – | – |
-575,600
| Closed | -$170M |
|
3464
Lincoln National
LNC
$8.8B
| – | – |
-641,974
| Closed | -$40M |
|
3465
LG Display
LPL
$2.98B
| – | – |
-166,900
| Closed | -$1.38M |
|
3466
Southwest Airlines
LUV
$22.3B
| – | – |
-1,085,280
| Closed | -$55.2M |
|
3467
LXP Industrial Trust
LXP
$3.52B
| – | – |
-14,676
| Closed | -$641K |
|
3468
Macy's
M
$6.56B
| – | – |
-1,802,864
| Closed | -$67.5M |
|
3469
Matthews International
MATW
$866M
| – | – |
-21,853
| Closed | -$1.28M |
|
3470
iShares MBS ETF
MBB
$39.1B
| – | – |
-9,800
| Closed | -$1.02M |
|
3471
McDonald's
MCD
$191B
| – | – |
-495,800
| Closed | -$77.7M |
|
3472
Magna International
MGA
$19B
| – | – |
-15,512
| Closed | -$902K |
|
3473
Mohawk Industries
MHK
$7.29B
| – | – |
-40,800
| Closed | -$8.74M |
|
3474
McCormick & Company Non-Voting
MKC
$13.7B
| – | – |
-596,400
| Closed | -$34.6M |
|
|
MRSH
3475
Marsh
MRSH
$91.4B
| – | – |
-262,900
| Closed | -$21.6M |
|
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Renaissance Technologies's Q3 2018 Portfolio in Review
As of Q3 2018, Renaissance Technologies held 3,734 positions worth $97.3B, up 6% from $91.7B the previous quarter. Its ten largest holdings account for 9.7% of the portfolio.
Renaissance Technologies's Q3 2018 filing shows 508 new, 1,623 increased, 1,169 reduced and 410 closed positions. Its largest new stake was JPMorgan Chase: 2,054,913 shares worth $232M. The largest sale was Apple, an estimated $707M.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 18% a quarter earlier, followed by Technology and Financials.
- Renaissance Technologies's largest Q3 2018 buy was JPMorgan Chase: 2,054,913 shares worth $232M.
- Renaissance Technologies added most to Twenty-First Century Fox, Inc. Class A in Q3 2018, an estimated $327M increase.
- Renaissance Technologies's biggest Q3 2018 reduction was Johnson & Johnson, cutting an estimated $396M.
- Renaissance Technologies fully exited Apple in Q3 2018, selling an estimated $707M.
- Renaissance Technologies's ten largest holdings make up 9.7% of its $97.3B portfolio in Q3 2018.
- Renaissance Technologies opened 508 new positions and closed 410 in Q3 2018.
- Renaissance Technologies's portfolio value rose 6% quarter-over-quarter to $97.3B.
Based on Renaissance Technologies's 13F filing for Q3 2018, filed 13 Nov 2018.