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 |
Zoom
ZM
|
+$806M |
| 2 |
AbbVie
ABBV
|
+$481M |
| 3 |
T-Mobile US
TMUS
|
+$464M |
| 4 |
Kroger
KR
|
+$430M |
| 5 |
Baidu
BIDU
|
+$423M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bristol-Myers Squibb
BMY
|
+$1.35B |
| 2 |
AGN
Allergan plc
AGN
|
+$1.26B |
| 3 |
S
Sprint Corporation
S
|
+$675M |
| 4 |
Amgen
AMGN
|
+$488M |
| 5 |
Humana
HUM
|
+$450M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 23.45% |
| 2 | Technology | 16.1% |
| 3 | Consumer Staples | 10.57% |
| 4 | Consumer Discretionary | 9.95% |
| 5 | Communication Services | 9.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HSII
601
DELISTED
Heidrick & Struggles
HSII
| $30.6M | 0.03% |
1,416,002
+141,602
| +11% | +$3.12M |
|
602
Micron Technology
MU
$958B
| $30.6M | 0.03% |
593,736
-55,800
| -9% | -$2.63M |
|
603
CBRE Group
CBRE
$42.4B
| $30.5M | 0.03% |
673,700
+435,800
| +183% | +$18.8M |
|
604
Emergent Biosolutions
EBS
$368M
| $30.4M | 0.03% |
384,624
-238,377
| -38% | -$17.8M |
|
605
International Paper
IP
$21.8B
| $30.4M | 0.03% |
911,750
+541,411
| +146% | +$17.2M |
|
606
American Eagle Outfitters
AEO
$2.9B
| $30.4M | 0.03% |
2,787,711
+139,377
| +5% | +$1.32M |
|
607
AtriCure
ATRC
$1.93B
| $30.3M | 0.03% |
673,475
+138,975
| +26% | +$6.05M |
|
608
Armstrong World Industries
AWI
$7.33B
| $30.2M | 0.03% |
386,800
-324,500
| -46% | -$24.6M |
|
609
Kite Realty
KRG
$5.79B
| $30.1M | 0.03% |
2,611,399
-615,799
| -19% | -$6.18M |
|
610
Southside Bancshares
SBSI
$966M
| $30.1M | 0.03% |
1,084,185
-4,361
| -0.4% | -$124K |
|
611
Cognizant
CTSH
$24.8B
| $30M | 0.03% |
528,565
-682,143
| -56% | -$36.6M |
|
612
Paycom
PAYC
$7.62B
| $30M | 0.03% |
96,950
-38,200
| -28% | -$10.2M |
|
|
AHRT
613
AH Realty Trust
AHRT
$531M
| $30M | 0.03% |
3,015,809
-838,600
| -22% | -$7.6M |
|
|
PRMW
614
DELISTED
Primo Water Corporation
PRMW
| $30M | 0.03% |
2,178,360
-323,083
| -13% | -$3.62M |
|
615
VF Corp
VFC
$5.68B
| $29.9M | 0.03% |
+491,200
| New | +$28.6M |
|
616
Waterstone Financial
WSBF
$372M
| $29.8M | 0.03% |
2,009,544
-57,400
| -3% | -$813K |
|
617
PennyMac Financial
PFSI
$3.92B
| $29.8M | 0.03% |
713,022
-259,927
| -27% | -$8.23M |
|
618
Grupo Aeroportuario del Sureste
ASR
$8.35B
| $29.7M | 0.03% |
264,183
-19,500
| -7% | -$2.07M |
|
619
Materion
MTRN
$4.46B
| $29.6M | 0.03% |
481,411
-55,700
| -10% | -$2.82M |
|
620
ManpowerGroup
MAN
$2.43B
| $29.4M | 0.03% |
428,352
+415,700
| +3,286% | +$28.4M |
|
621
Capital One
COF
$128B
| $29.4M | 0.03% |
470,435
+63,336
| +16% | +$3.94M |
|
622
Revvity
RVTY
$12.6B
| $29.4M | 0.03% |
+300,100
| New | +$27.4M |
|
623
Teradata
TDC
$2.93B
| $29.4M | 0.03% |
1,415,219
-308,568
| -18% | -$6.71M |
|
624
Howmet Aerospace
HWM
$114B
| $29.3M | 0.03% |
1,850,400
+170,587
| +10% | +$2.24M |
|
625
argenx
ARGX
$53.7B
| $29.3M | 0.03% |
130,014
+78,641
| +153% | +$14M |
|
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Renaissance Technologies's Q2 2020 Portfolio in Review
As of Q2 2020, Renaissance Technologies held 3,987 positions worth $116B, up 13% from $103B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Renaissance Technologies withdrew a net $8.24B in Q2 2020, closing 596 positions and reducing 1,366 holdings. Its most notable exit was Allergan plc, an estimated $1.26B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, down from 25% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Renaissance Technologies opened a new position in Uber worth $187M.
- Renaissance Technologies's largest Q2 2020 buy was Uber: 6,030,316 shares worth $187M.
- Renaissance Technologies added most to Zoom in Q2 2020, an estimated $806M increase.
- Renaissance Technologies's biggest Q2 2020 reduction was Bristol-Myers Squibb, cutting an estimated $1.35B.
- Renaissance Technologies fully exited Allergan plc in Q2 2020, selling an estimated $1.26B.
- Renaissance Technologies's ten largest holdings make up 14% of its $116B portfolio in Q2 2020.
- Renaissance Technologies opened 584 new positions and closed 596 in Q2 2020.
- Renaissance Technologies's portfolio value rose 13% quarter-over-quarter to $116B.
Based on Renaissance Technologies's 13F filing for Q2 2020, filed 13 Aug 2020.