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 |
Apple
AAPL
|
+$856M |
| 2 |
Meta Platforms (Facebook)
META
|
+$647M |
| 3 |
NVIDIA
NVDA
|
+$615M |
| 4 |
Berkshire Hathaway Class A
BRK.A
|
+$304M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$301M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$1.03B |
| 2 |
UnitedHealth
UNH
|
+$686M |
| 3 |
Tesla
TSLA
|
+$387M |
| 4 |
Abbott
ABT
|
+$380M |
| 5 |
Chevron
CVX
|
+$328M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.26% |
| 2 | Healthcare | 16.96% |
| 3 | Consumer Discretionary | 12.82% |
| 4 | Consumer Staples | 9.14% |
| 5 | Industrials | 9.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1401
Consumer Portfolio Services
CPSS
$202M
| $5.31M | 0.01% |
455,358
-3,000
| -0.7% | -$32.4K |
|
1402
Ternium
TX
$9.67B
| $5.3M | 0.01% |
133,714
-32,286
| -19% | -$1.3M |
|
1403
Navigator Holdings
NVGS
$1.38B
| $5.3M | 0.01% |
407,385
+62,485
| +18% | +$831K |
|
1404
Cavco Industries
CVCO
$4.22B
| $5.3M | 0.01% |
17,955
-14,100
| -44% | -$4.05M |
|
1405
Ardagh Metal Packaging
AMBP
$2.83B
| $5.29M | 0.01% |
1,406,029
-391,100
| -22% | -$1.44M |
|
1406
Kadant
KAI
$3.63B
| $5.29M | 0.01% |
23,799
+12,022
| +102% | +$2.41M |
|
1407
American Financial Group
AFG
$11.8B
| $5.27M | 0.01% |
44,389
+39,789
| +865% | +$4.69M |
|
1408
Financial Institutions
FISI
$816M
| $5.26M | 0.01% |
334,400
+63,400
| +23% | +$1.07M |
|
1409
Brown-Forman Class A
BF.A
$13.4B
| $5.25M | 0.01% |
77,076
-6,200
| -7% | -$404K |
|
1410
Symbotic
SYM
$5.48B
| $5.23M | 0.01% |
122,262
+113,362
| +1,274% | +$3.72M |
|
1411
AngioDynamics
ANGO
$611M
| $5.23M | 0.01% |
501,714
+119,900
| +31% | +$1.15M |
|
1412
Old Second Bancorp
OSBC
$1.29B
| $5.23M | 0.01% |
400,625
-41,000
| -9% | -$522K |
|
1413
iShares MSCI Saudi Arabia ETF
KSA
$623M
| $5.21M | 0.01% |
126,013
+7,154
| +6% | +$292K |
|
1414
J&J Snack Foods
JJSF
$1.43B
| $5.2M | 0.01% |
32,856
-6,400
| -16% | -$993K |
|
1415
Donegal Group Class A
DGICA
$731M
| $5.17M | 0.01% |
358,111
-3,100
| -0.9% | -$45.8K |
|
1416
Mitek Systems
MITK
$754M
| $5.16M | 0.01% |
476,100
+183,600
| +63% | +$1.79M |
|
1417
Natural Gas Services Group
NGS
$472M
| $5.16M | 0.01% |
521,142
+47,243
| +10% | +$489K |
|
|
DX
1418
Dynex Capital
DX
$3.15B
| $5.15M | 0.01% |
409,400
-161,900
| -28% | -$1.89M |
|
1419
Genco Shipping & Trading
GNK
$1.11B
| $5.15M | 0.01% |
367,100
-193,630
| -35% | -$2.78M |
|
1420
NRG Energy
NRG
$28.3B
| $5.13M | 0.01% |
+137,316
| New | +$4.68M |
|
1421
Atea Pharmaceuticals
AVIR
$376M
| $5.1M | 0.01% |
1,363,382
+635,682
| +87% | +$2.38M |
|
1422
Marcus Corp
MCS
$894M
| $5.1M | 0.01% |
343,800
+69,500
| +25% | +$1.12M |
|
1423
Moog Inc Class A
MOG.A
$12.4B
| $5.1M | 0.01% |
47,000
-14,100
| -23% | -$1.4M |
|
1424
LeMaitre Vascular
LMAT
$2.32B
| $5.09M | 0.01% |
75,700
+15,600
| +26% | +$952K |
|
|
EGRX
1425
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $5.06M | 0.01% |
260,473
+51,623
| +25% | +$1.22M |
|
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Renaissance Technologies's Q2 2023 Portfolio in Review
As of Q2 2023, Renaissance Technologies held 4,468 positions worth $69.4B, down 7.9% from $75.4B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Renaissance Technologies withdrew a net $8.1B in Q2 2023, closing 599 positions and reducing 1,691 holdings. Its most notable exit was UnitedHealth, an estimated $686M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 17% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Renaissance Technologies opened a new position in Berkshire Hathaway Class A worth $316M.
- Renaissance Technologies's largest Q2 2023 buy was Berkshire Hathaway Class A: 611 shares worth $316M.
- Renaissance Technologies added most to Apple in Q2 2023, an estimated $856M increase.
- Renaissance Technologies's biggest Q2 2023 reduction was Amazon, cutting an estimated $1.03B.
- Renaissance Technologies fully exited UnitedHealth in Q2 2023, selling an estimated $686M.
- Renaissance Technologies's ten largest holdings make up 12% of its $69.4B portfolio in Q2 2023.
- Renaissance Technologies opened 542 new positions and closed 599 in Q2 2023.
- Renaissance Technologies's portfolio value fell 7.9% quarter-over-quarter to $69.4B.
Based on Renaissance Technologies's 13F filing for Q2 2023, filed 11 Aug 2023.