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 |
Costco
COST
|
+$616M |
| 2 |
Netflix
NFLX
|
+$481M |
| 3 |
Micron Technology
MU
|
+$416M |
| 4 |
Tesla
TSLA
|
+$416M |
| 5 |
Procter & Gamble
PG
|
+$322M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$885M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$660M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$463M |
| 4 |
Applovin
APP
|
+$430M |
| 5 |
Meta Platforms (Facebook)
META
|
+$354M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.84% |
| 2 | Healthcare | 15.77% |
| 3 | Consumer Discretionary | 13.88% |
| 4 | Industrials | 9.94% |
| 5 | Financials | 8.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
AB InBev
BUD
$170B
| $31.5M | 0.05% |
492,274
-617,900
| -56% | -$38.3M |
|
427
Graco
GGG
$12.9B
| $31.5M | 0.05% |
384,400
+48,400
| +14% | +$3.98M |
|
428
Kinder Morgan
KMI
$71.7B
| $31.4M | 0.05% |
+1,142,431
| New | +$30.9M |
|
429
TE Connectivity
TEL
$59.6B
| $31.4M | 0.05% |
137,800
-69,900
| -34% | -$16.2M |
|
430
Melco Resorts & Entertainment
MLCO
$2.22B
| $31.3M | 0.05% |
4,135,700
-845,000
| -17% | -$7.1M |
|
431
UFP Technologies
UFPT
$1.97B
| $31.3M | 0.05% |
140,959
-48,300
| -26% | -$10.3M |
|
432
Freshworks
FRSH
$3.14B
| $31.3M | 0.05% |
2,554,588
-505,112
| -17% | -$5.97M |
|
433
Sysco
SYY
$40.8B
| $31.2M | 0.05% |
423,369
+415,669
| +5,398% | +$31.6M |
|
434
Rithm Capital
RITM
$5.52B
| $31.2M | 0.05% |
2,861,943
+96,638
| +3% | +$1.07M |
|
435
Regency Centers
REG
$14.7B
| $31.2M | 0.05% |
451,795
+121,600
| +37% | +$8.53M |
|
436
CDW
CDW
$18.9B
| $31.1M | 0.05% |
228,498
-64,800
| -22% | -$9.55M |
|
437
Pinduoduo
PDD
$126B
| $31.1M | 0.05% |
273,900
+109,500
| +67% | +$13.6M |
|
438
Axsome Therapeutics
AXSM
$11.2B
| $31M | 0.05% |
170,000
+20,000
| +13% | +$2.79M |
|
439
FirstCash
FCFS
$8.85B
| $31M | 0.05% |
194,531
-102,700
| -35% | -$16.2M |
|
440
National Bank Holdings
NBHC
$1.92B
| $30.9M | 0.05% |
813,000
-69,300
| -8% | -$2.61M |
|
441
AvePoint
AVPT
$2.76B
| $30.8M | 0.05% |
2,216,953
+273,300
| +14% | +$3.78M |
|
|
TGB
442
Trekor Metals
TGB
$2.48B
| $30.6M | 0.05% |
5,414,430
-2,177,040
| -29% | -$10.2M |
|
443
Jacobs Solutions
J
$15.9B
| $30.6M | 0.05% |
231,000
-108,200
| -32% | -$15.9M |
|
444
Yum China
YUMC
$16.5B
| $30.6M | 0.05% |
640,300
+51,200
| +9% | +$2.35M |
|
445
Madison Square Garden
MSGS
$9.48B
| $30.5M | 0.05% |
117,900
-22,200
| -16% | -$5.05M |
|
446
Woodward
WWD
$21.3B
| $30.5M | 0.05% |
100,784
+31,500
| +45% | +$8.67M |
|
447
SSR Mining
SSRM
$5.32B
| $30.1M | 0.05% |
1,371,834
-748,709
| -35% | -$16.7M |
|
448
Cognex
CGNX
$10.9B
| $30M | 0.05% |
835,058
+241,102
| +41% | +$9.76M |
|
449
Illinois Tool Works
ITW
$82.6B
| $30M | 0.05% |
121,640
+22,840
| +23% | +$5.69M |
|
|
SFIX
450
Stitch Fix
SFIX
$536M
| $29.9M | 0.05% |
5,702,058
-120,900
| -2% | -$552K |
|
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Renaissance Technologies's Q4 2025 Portfolio in Review
As of Q4 2025, Renaissance Technologies held 3,923 positions worth $64.5B, down 15% from $75.8B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Renaissance Technologies withdrew a net $10.1B in Q4 2025, closing 737 positions and reducing 1,682 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $354M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Renaissance Technologies opened a new position in ServiceNow worth $204M.
- Renaissance Technologies's largest Q4 2025 buy was ServiceNow: 1,331,977 shares worth $204M.
- Renaissance Technologies added most to Costco in Q4 2025, an estimated $616M increase.
- Renaissance Technologies's biggest Q4 2025 reduction was NVIDIA, cutting an estimated $885M.
- Renaissance Technologies fully exited Meta Platforms (Facebook) in Q4 2025, selling an estimated $354M.
- Renaissance Technologies's ten largest holdings make up 12% of its $64.5B portfolio in Q4 2025.
- Renaissance Technologies opened 466 new positions and closed 737 in Q4 2025.
- Renaissance Technologies's portfolio value fell 15% quarter-over-quarter to $64.5B.
Based on Renaissance Technologies's 13F filing for Q4 2025, filed 12 Feb 2026.