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 | |
|---|---|---|---|---|---|---|
|
TARO
526
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $22.2M | 0.04% |
588,800
-6,100
| -1% | -$229K |
|
|
AVTA
527
DELISTED
Avantax, Inc. Common Stock
AVTA
| $22.2M | 0.04% |
867,700
-48,600
| -5% | -$1.15M |
|
528
EPR Properties
EPR
$4.76B
| $22.2M | 0.04% |
533,700
+189,600
| +55% | +$8.35M |
|
529
Vista Energy
VIST
$7.84B
| $22.1M | 0.04% |
726,300
-21,700
| -3% | -$567K |
|
530
Griffon
GFF
$3.95B
| $21.9M | 0.04% |
552,651
+334,300
| +153% | +$13.7M |
|
531
Papa John's
PZZA
$984M
| $21.8M | 0.04% |
320,200
-212,900
| -40% | -$16.5M |
|
532
Electronic Arts
EA
$53B
| $21.8M | 0.04% |
181,060
-456,106
| -72% | -$57.4M |
|
533
Nokia
NOK
$51B
| $21.8M | 0.04% |
5,825,600
-12,705,880
| -69% | -$50.1M |
|
534
Canadian Natural Resources
CNQ
$99.4B
| $21.7M | 0.04% |
671,000
-195,000
| -23% | -$5.96M |
|
535
Freeport-McMoran
FCX
$90B
| $21.7M | 0.04% |
+581,671
| New | +$23.4M |
|
536
Invesco Short Term Treasury ETF
TBLL
$2.61B
| $21.7M | 0.04% |
205,500
-9,600
| -4% | -$1.01M |
|
537
Amcor
AMCR
$20.8B
| $21.7M | 0.04% |
473,120
+347,833
| +278% | +$16.8M |
|
538
Seaboard Corp
SEB
$4.23B
| $21.6M | 0.04% |
5,764
-28
| -0.5% | -$102K |
|
|
MODN
539
DELISTED
MODEL N, INC.
MODN
| $21.6M | 0.04% |
885,726
+105,300
| +13% | +$3.13M |
|
540
Mid-America Apartment Communities
MAA
$15.4B
| $21.5M | 0.04% |
166,949
+35,900
| +27% | +$5.19M |
|
541
Coca-Cola Consolidated
COKE
$12.5B
| $21.5M | 0.04% |
337,270
+102,000
| +43% | +$6.78M |
|
542
Argan
AGX
$8B
| $21.4M | 0.04% |
469,796
+20,497
| +5% | +$847K |
|
543
Vipshop
VIPS
$7.37B
| $21.4M | 0.04% |
1,334,700
+180,200
| +16% | +$2.93M |
|
544
Meritage Homes
MTH
$4.58B
| $21.3M | 0.04% |
347,600
+52,000
| +18% | +$3.57M |
|
|
GTY
545
Getty Realty Corp
GTY
$2.11B
| $21.2M | 0.04% |
765,966
-91,300
| -11% | -$2.84M |
|
546
Tradeweb Markets
TW
$21.4B
| $21.2M | 0.04% |
264,820
+110,320
| +71% | +$8.79M |
|
|
SMAR
547
DELISTED
Smartsheet Inc.
SMAR
| $21.1M | 0.04% |
521,100
-234,200
| -31% | -$9.61M |
|
548
Capitol Federal Financial
CFFN
$1.09B
| $21M | 0.04% |
4,400,176
+84,884
| +2% | +$502K |
|
549
Magna International
MGA
$18.7B
| $21M | 0.04% |
390,684
-194,300
| -33% | -$11.3M |
|
550
Genuine Parts
GPC
$17.1B
| $20.9M | 0.04% |
144,700
-102,500
| -41% | -$15.9M |
|
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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.