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 | |
|---|---|---|---|---|---|---|
|
CVGW
1001
DELISTED
Calavo Growers
CVGW
| $8.71M | 0.01% |
345,320
+3,120
| +0.9% | +$101K |
|
1002
Douglas Emmett
DEI
$1.99B
| $8.71M | 0.01% |
682,500
+426,500
| +167% | +$5.77M |
|
|
VRE
1003
DELISTED
Veris Residential
VRE
| $8.71M | 0.01% |
527,769
-19,843
| -4% | -$349K |
|
1004
Piper Sandler
PIPR
$5.13B
| $8.7M | 0.01% |
239,580
-79,200
| -25% | -$2.86M |
|
1005
Quanterix
QTRX
$175M
| $8.68M | 0.01% |
319,800
+98,400
| +44% | +$2.44M |
|
1006
iShares MSCI Emerging Markets ETF
EEM
$28.9B
| $8.68M | 0.01% |
228,600
+189,800
| +489% | +$7.52M |
|
1007
Bread Financial
BFH
$4.48B
| $8.65M | 0.01% |
252,942
+199,200
| +371% | +$7.3M |
|
1008
Preferred Bank
PFBC
$1.26B
| $8.65M | 0.01% |
138,955
+15,500
| +13% | +$968K |
|
|
ELME
1009
Elme Communities
ELME
$146M
| $8.64M | 0.01% |
633,708
+41,700
| +7% | +$646K |
|
1010
APi Group
APG
$17.2B
| $8.61M | 0.01% |
497,850
+24,000
| +5% | +$440K |
|
1011
J. Jill
JILL
$277M
| $8.6M | 0.01% |
290,656
+12,900
| +5% | +$303K |
|
1012
MaxLinear
MXL
$6.09B
| $8.59M | 0.01% |
386,204
-130,109
| -25% | -$3.31M |
|
1013
Nice
NICE
$5.9B
| $8.51M | 0.01% |
50,044
-8,000
| -14% | -$1.59M |
|
1014
Idacorp
IDA
$8.32B
| $8.5M | 0.01% |
90,799
+2,900
| +3% | +$286K |
|
1015
Immunovant
IMVT
$7.91B
| $8.5M | 0.01% |
221,400
-246,400
| -53% | -$5.57M |
|
1016
Bank of Hawaii
BOH
$3.16B
| $8.49M | 0.01% |
170,900
+15,800
| +10% | +$812K |
|
1017
State Street Energy Select Sector SPDR ETF
XLE
$38.5B
| $8.48M | 0.01% |
187,722
-1,091,000
| -85% | -$47.7M |
|
1018
Abbott
ABT
$185B
| $8.47M | 0.01% |
87,466
-857,603
| -91% | -$90.1M |
|
1019
Genie Energy
GNE
$373M
| $8.45M | 0.01% |
573,385
-34,000
| -6% | -$494K |
|
1020
Ally Financial
ALLY
$13.4B
| $8.42M | 0.01% |
315,500
-582,600
| -65% | -$16.3M |
|
1021
Climb Global Solutions
CLMB
$508M
| $8.42M | 0.01% |
782,752
-141,084
| -15% | -$1.56M |
|
1022
Hims & Hers Health
HIMS
$7.13B
| $8.39M | 0.01% |
1,334,600
+52,200
| +4% | +$388K |
|
|
CMRC
1023
Commerce.com Inc Series 1
CMRC
$262M
| $8.39M | 0.01% |
849,800
-379,700
| -31% | -$3.95M |
|
1024
LXP Industrial Trust
LXP
$3.56B
| $8.38M | 0.01% |
188,236
+44,640
| +31% | +$2.19M |
|
|
GOLD
1025
Gold.com Inc
GOLD
$1.22B
| $8.37M | 0.01% |
285,293
+71,309
| +33% | +$2.58M |
|
Similar funds
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.