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 | |
|---|---|---|---|---|---|---|
1451
Utz Brands
UTZ
$1.25B
| $4.77M | 0.01% |
291,801
+51,501
| +21% | +$884K |
|
|
TRUE
1452
DELISTED
TrueCar
TRUE
| $4.76M | 0.01% |
2,107,201
+5,600
| +0.3% | +$13.3K |
|
1453
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.2B
| $4.76M | 0.01% |
43,100
+24,300
| +129% | +$2.68M |
|
1454
Build-A-Bear
BBW
$425M
| $4.76M | 0.01% |
222,079
-112,100
| -34% | -$2.45M |
|
1455
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $4.75M | 0.01% |
46,100
-132,442
| -74% | -$13.7M |
|
1456
Kennametal
KMT
$2.59B
| $4.73M | 0.01% |
+166,452
| New | +$4.46M |
|
|
CCRD
1457
DELISTED
CoreCard
CCRD
| $4.72M | 0.01% |
186,097
-8,499
| -4% | -$219K |
|
1458
iShares Preferred and Income Securities ETF
PFF
$13.3B
| $4.71M | 0.01% |
+152,401
| New | +$4.66M |
|
1459
First Financial Corp
THFF
$958M
| $4.68M | 0.01% |
144,247
+43,088
| +43% | +$1.47M |
|
1460
Merit Medical Systems
MMSI
$5.08B
| $4.66M | 0.01% |
55,712
-7,800
| -12% | -$634K |
|
1461
JD.com
JD
$44.6B
| $4.66M | 0.01% |
136,500
+100,400
| +278% | +$3.65M |
|
1462
iShares S&P 500 Value ETF
IVE
$49B
| $4.66M | 0.01% |
+28,900
| New | +$4.45M |
|
1463
Atlanticus Holdings
ATLC
$1.59B
| $4.65M | 0.01% |
110,658
-18,300
| -14% | -$601K |
|
1464
Under Armour
UAA
$2.84B
| $4.65M | 0.01% |
643,552
-591,800
| -48% | -$4.76M |
|
|
SNCY
1465
DELISTED
Sun Country Airlines
SNCY
| $4.63M | 0.01% |
205,900
+134,585
| +189% | +$2.57M |
|
1466
Titan Machinery
TITN
$396M
| $4.63M | 0.01% |
156,900
+14,400
| +10% | +$434K |
|
1467
Ecovyst
ECVT
$1.32B
| $4.62M | 0.01% |
403,300
+99,800
| +33% | +$1.09M |
|
1468
GoPro
GPRO
$130M
| $4.62M | 0.01% |
1,115,800
+7,400
| +0.7% | +$31.7K |
|
1469
Cato Corp
CATO
$68.3M
| $4.61M | 0.01% |
574,052
-44,863
| -7% | -$372K |
|
1470
Kamada
KMDA
$412M
| $4.6M | 0.01% |
871,505
+22,300
| +3% | +$110K |
|
1471
Itron
ITRI
$4.36B
| $4.57M | 0.01% |
+63,361
| New | +$4.01M |
|
1472
Arthur J. Gallagher & Co
AJG
$64.1B
| $4.57M | 0.01% |
+20,800
| New | +$4.33M |
|
1473
US Foods
USFD
$22.2B
| $4.57M | 0.01% |
103,800
-725,500
| -87% | -$28.8M |
|
1474
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
$3.06B
| $4.56M | 0.01% |
88,000
-129,895
| -60% | -$6.74M |
|
1475
First Business Financial Services
FBIZ
$587M
| $4.55M | 0.01% |
154,465
-16,000
| -9% | -$454K |
|
Similar funds
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.