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 | |
|---|---|---|---|---|---|---|
|
BRT
1076
BRT Apartments
BRT
$282M
| $7.63M | 0.01% |
441,991
-15,300
| -3% | -$289K |
|
1077
Ormat Technologies
ORA
$6.02B
| $7.63M | 0.01% |
109,157
+102,101
| +1,447% | +$7.92M |
|
|
AVDL
1078
DELISTED
Avadel Pharmaceuticals
AVDL
| $7.61M | 0.01% |
738,906
+46,800
| +7% | +$627K |
|
1079
Thor Industries
THO
$4.03B
| $7.59M | 0.01% |
79,800
+70,800
| +787% | +$7.4M |
|
1080
NVR
NVR
$16.6B
| $7.57M | 0.01% |
1,270
-3,720
| -75% | -$23.1M |
|
1081
Semtech
SMTC
$11.1B
| $7.55M | 0.01% |
293,316
+20,400
| +7% | +$536K |
|
1082
Mizuho Financial
MFG
$125B
| $7.55M | 0.01% |
2,200,146
+128,141
| +6% | +$426K |
|
|
PFC
1083
DELISTED
Premier Financial Corp. Common Stock
PFC
| $7.53M | 0.01% |
441,623
-25,517
| -5% | -$480K |
|
1084
Trimble
TRMB
$13.5B
| $7.52M | 0.01% |
139,544
-181,000
| -56% | -$9.59M |
|
|
DRD
1085
DRDGold
DRD
$1.81B
| $7.47M | 0.01% |
900,513
-6,800
| -0.7% | -$68.6K |
|
1086
RH
RH
$3.29B
| $7.43M | 0.01% |
+28,100
| New | +$9.77M |
|
1087
Consolidated Water Co
CWCO
$473M
| $7.38M | 0.01% |
259,667
-13,900
| -5% | -$343K |
|
1088
CleanSpark
CLSK
$3.76B
| $7.38M | 0.01% |
1,938,116
-265,186
| -12% | -$1.4M |
|
1089
CareDx
CDNA
$2.48B
| $7.32M | 0.01% |
1,046,300
-137,800
| -12% | -$1.27M |
|
1090
JetBlue
JBLU
$2.35B
| $7.31M | 0.01% |
1,588,583
-2,977,200
| -65% | -$19.6M |
|
1091
Foster
FSTR
$434M
| $7.3M | 0.01% |
386,182
-700
| -0.2% | -$11.6K |
|
1092
Douglas Elliman
DOUG
$158M
| $7.3M | 0.01% |
3,228,404
+108,300
| +3% | +$249K |
|
1093
Protolabs
PRLB
$1.92B
| $7.29M | 0.01% |
276,100
+74,184
| +37% | +$2.24M |
|
1094
ArcBest
ARCB
$3.07B
| $7.28M | 0.01% |
71,639
-96,365
| -57% | -$10.1M |
|
1095
Diageo
DEO
$49.2B
| $7.27M | 0.01% |
+48,730
| New | +$8.16M |
|
1096
Warby Parker
WRBY
$3.47B
| $7.23M | 0.01% |
549,400
+206,200
| +60% | +$2.68M |
|
1097
Daktronics
DAKT
$1,000M
| $7.23M | 0.01% |
810,148
-26,052
| -3% | -$206K |
|
1098
Grupo SIMEC
SIM
$4.4B
| $7.21M | 0.01% |
223,545
-100
| -0% | -$3.46K |
|
1099
Axcelis
ACLS
$4.03B
| $7.21M | 0.01% |
44,199
+27,199
| +160% | +$4.78M |
|
1100
ICL Group
ICL
$6.56B
| $7.18M | 0.01% |
1,294,386
-87,690
| -6% | -$529K |
|
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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.