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 | |
|---|---|---|---|---|---|---|
1326
Crinetics Pharmaceuticals
CRNX
$8.9B
| $4.87M | 0.01% |
+163,700
| New | +$3.37M |
|
|
GLDD
1327
DELISTED
Great Lakes Dredge & Dock
GLDD
| $4.86M | 0.01% |
610,201
-119,600
| -16% | -$991K |
|
1328
News Corp Class B
NWS
$17.7B
| $4.86M | 0.01% |
232,930
+30,600
| +15% | +$634K |
|
1329
TETRA Technologies
TTI
$1.28B
| $4.85M | 0.01% |
759,676
+214,454
| +39% | +$1.1M |
|
1330
Ardelyx
ARDX
$1.24B
| $4.84M | 0.01% |
1,185,273
-661,720
| -36% | -$2.58M |
|
1331
Canadian Pacific Kansas City
CP
$79.7B
| $4.83M | 0.01% |
+64,900
| New | +$5.15M |
|
1332
Lazard
LAZ
$4.26B
| $4.83M | 0.01% |
+155,600
| New | +$5.22M |
|
1333
AngioDynamics
ANGO
$628M
| $4.81M | 0.01% |
658,314
+156,600
| +31% | +$1.3M |
|
|
ESSA
1334
DELISTED
ESSA Bancorp
ESSA
| $4.8M | 0.01% |
319,918
-4,100
| -1% | -$65.2K |
|
1335
Old Second Bancorp
OSBC
$1.31B
| $4.8M | 0.01% |
352,425
-48,200
| -12% | -$704K |
|
1336
HNI Corp
HNI
$3.49B
| $4.78M | 0.01% |
138,012
-12,607
| -8% | -$388K |
|
1337
United Bankshares
UBSI
$6.76B
| $4.77M | 0.01% |
172,876
+141,843
| +457% | +$4.27M |
|
|
GRP.U
1338
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $4.77M | 0.01% |
89,800
+30,900
| +52% | +$1.75M |
|
|
PFSW
1339
DELISTED
PFSweb, Inc.
PFSW
| $4.76M | 0.01% |
640,510
-69,600
| -10% | -$363K |
|
1340
ATI
ATI
$27.3B
| $4.75M | 0.01% |
115,492
-70,008
| -38% | -$3.11M |
|
1341
iShares Russell 1000 Value ETF
IWD
$83.4B
| $4.75M | 0.01% |
+31,300
| New | +$4.96M |
|
|
TGI
1342
DELISTED
Triumph Group
TGI
| $4.75M | 0.01% |
620,300
-334,500
| -35% | -$3.27M |
|
|
FONR
1343
DELISTED
Fonar
FONR
| $4.74M | 0.01% |
307,916
-11,700
| -4% | -$193K |
|
1344
Texas Pacific Land
TPL
$27.3B
| $4.74M | 0.01% |
23,400
-77,400
| -77% | -$14.6M |
|
|
INST
1345
DELISTED
Instructure Holdings, Inc.
INST
| $4.72M | 0.01% |
185,700
-27,100
| -13% | -$702K |
|
1346
Garrett Motion
GTX
$5.86B
| $4.71M | 0.01% |
598,300
+310,768
| +108% | +$2.39M |
|
|
SAND
1347
DELISTED
Sandstorm Gold
SAND
| $4.69M | 0.01% |
1,007,000
-330,300
| -25% | -$1.73M |
|
1348
AvePoint
AVPT
$2.86B
| $4.65M | 0.01% |
691,800
+39,200
| +6% | +$247K |
|
1349
American Public Education
APEI
$980M
| $4.64M | 0.01% |
932,442
-16,269
| -2% | -$83.3K |
|
|
RDFN
1350
DELISTED
Redfin
RDFN
| $4.64M | 0.01% |
659,200
-1,440,600
| -69% | -$15.8M |
|
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.