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 | |
|---|---|---|---|---|---|---|
1376
Westwood Holdings Group
WHG
$183M
| $4.47M | 0.01% |
440,051
-2,066
| -0.5% | -$22.5K |
|
1377
Schneider National
SNDR
$6.37B
| $4.47M | 0.01% |
161,300
+135,220
| +518% | +$3.94M |
|
|
MGIC
1378
DELISTED
Magic Software Enterprises
MGIC
| $4.46M | 0.01% |
395,164
-16,513
| -4% | -$202K |
|
1379
Crane NXT
CXT
$3.15B
| $4.46M | 0.01% |
+80,200
| New | +$4.65M |
|
1380
Materion
MTRN
$4.72B
| $4.45M | 0.01% |
43,706
-30,001
| -41% | -$3.28M |
|
1381
Aclaris Therapeutics
ACRS
$835M
| $4.44M | 0.01% |
647,652
-321,900
| -33% | -$2.75M |
|
1382
Illinois Tool Works
ITW
$84.9B
| $4.42M | 0.01% |
+19,200
| New | +$4.68M |
|
1383
C&F Financial
CFFI
$273M
| $4.42M | 0.01% |
82,460
-700
| -0.8% | -$38.3K |
|
1384
Century Aluminum
CENX
$4.66B
| $4.42M | 0.01% |
614,499
-145,100
| -19% | -$1.17M |
|
1385
Simpson Manufacturing
SSD
$8.08B
| $4.37M | 0.01% |
29,200
-6,100
| -17% | -$928K |
|
|
NAPA
1386
DELISTED
The Duckhorn Portfolio, Inc.
NAPA
| $4.37M | 0.01% |
425,400
+7,700
| +2% | +$95.3K |
|
1387
Magnolia Oil & Gas
MGY
$5.82B
| $4.36M | 0.01% |
190,300
-324,000
| -63% | -$7.24M |
|
1388
Maximus
MMS
$3.33B
| $4.35M | 0.01% |
58,300
+24,900
| +75% | +$2.03M |
|
|
TRUE
1389
DELISTED
TrueCar
TRUE
| $4.35M | 0.01% |
2,103,501
-3,700
| -0.2% | -$8.49K |
|
1390
Cousins Properties
CUZ
$5.09B
| $4.35M | 0.01% |
213,531
+123,900
| +138% | +$2.84M |
|
1391
Smith & Nephew
SNN
$12.8B
| $4.35M | 0.01% |
175,450
+142,900
| +439% | +$4.01M |
|
1392
Nordic American Tanker
NAT
$1.33B
| $4.34M | 0.01% |
+1,053,200
| New | +$4.21M |
|
1393
Pinnacle Financial Partners Inc
PNFP
$16.5B
| $4.34M | 0.01% |
64,672
+34,376
| +113% | +$2.32M |
|
1394
Atmus Filtration Technologies
ATMU
$4.5B
| $4.33M | 0.01% |
+207,600
| New | +$4.75M |
|
1395
Digi International
DGII
$2.72B
| $4.33M | 0.01% |
160,184
+59,435
| +59% | +$2.04M |
|
1396
Turning Point Brands
TPB
$1.6B
| $4.32M | 0.01% |
187,097
+40,345
| +27% | +$983K |
|
1397
Tucows
TCX
$162M
| $4.32M | 0.01% |
211,551
-18,400
| -8% | -$446K |
|
|
ITOS
1398
DELISTED
iTeos Therapeutics
ITOS
| $4.31M | 0.01% |
394,000
-19,200
| -5% | -$246K |
|
1399
N-able
NABL
$981M
| $4.3M | 0.01% |
333,400
+160,100
| +92% | +$2.18M |
|
1400
UFP Industries
UFPI
$5.24B
| $4.29M | 0.01% |
41,909
+37,309
| +811% | +$3.77M |
|
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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.