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 |
Gilead Sciences
GILD
|
+$247M |
| 2 |
Johnson & Johnson
JNJ
|
+$225M |
| 3 |
MON
Monsanto Co
MON
|
+$213M |
| 4 |
AET
Aetna Inc
AET
|
+$208M |
| 5 |
Broadcom
AVGO
|
+$176M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bristol-Myers Squibb
BMY
|
+$227M |
| 2 |
Microsoft
MSFT
|
+$224M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$205M |
| 4 |
Nike
NKE
|
+$187M |
| 5 |
Pfizer
PFE
|
+$184M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.12% |
| 2 | Technology | 12.96% |
| 3 | Healthcare | 12.08% |
| 4 | Industrials | 11.23% |
| 5 | Consumer Staples | 8.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1476
Compass Diversified
CODI
$752M
| $6.8M | 0.01% |
380,179
+164,236
| +76% | +$2.99M |
|
|
SYNT
1477
DELISTED
Syntel Inc
SYNT
| $6.76M | 0.01% |
341,800
-337,300
| -50% | -$7.26M |
|
|
PCTI
1478
DELISTED
PCTEL, Inc. Common Stock
PCTI
| $6.73M | 0.01% |
1,251,299
+44,600
| +4% | +$232K |
|
1479
Horizon Bancorp
HBNC
$1.06B
| $6.72M | 0.01% |
360,255
-65,265
| -15% | -$981K |
|
|
LORL
1480
DELISTED
Loral Space and Communications, Inc.
LORL
| $6.72M | 0.01% |
163,609
-22,891
| -12% | -$896K |
|
1481
Gentex
GNTX
$5.1B
| $6.71M | 0.01% |
340,996
-145,900
| -30% | -$2.66M |
|
|
AMRI
1482
DELISTED
Albany Molecular Research Inc
AMRI
| $6.71M | 0.01% |
357,900
+10,658
| +3% | +$181K |
|
|
ATRS
1483
DELISTED
Antares Pharma, Inc.
ATRS
| $6.66M | 0.01% |
2,859,341
+185,000
| +7% | +$352K |
|
1484
Tompkins Financial
TMP
$1.42B
| $6.66M | 0.01% |
70,400
+1,800
| +3% | +$151K |
|
1485
M/I Homes
MHO
$3.95B
| $6.64M | 0.01% |
263,600
+167,600
| +175% | +$3.95M |
|
|
SNC
1486
DELISTED
State National Companies, Inc.
SNC
| $6.63M | 0.01% |
478,400
+185,400
| +63% | +$2.27M |
|
|
REIS
1487
DELISTED
Reis, Inc.
REIS
| $6.63M | 0.01% |
297,800
-19,400
| -6% | -$417K |
|
|
CIO
1488
DELISTED
City Office REIT
CIO
| $6.62M | 0.01% |
502,399
-72,921
| -13% | -$914K |
|
1489
Highwoods Properties
HIW
$3.79B
| $6.61M | 0.01% |
+129,600
| New | +$6.34M |
|
1490
Innospec
IOSP
$2.09B
| $6.6M | 0.01% |
96,400
-44,400
| -32% | -$2.86M |
|
1491
Hovnanian Enterprises
HOV
$779M
| $6.58M | 0.01% |
+96,460
| New | +$4.82M |
|
1492
OneSpan
OSPN
$584M
| $6.58M | 0.01% |
482,300
+26,600
| +6% | +$400K |
|
1493
Orion Group Holdings
ORN
$368M
| $6.57M | 0.01% |
660,700
+102,600
| +18% | +$912K |
|
1494
Mueller Water Products
MWA
$3.94B
| $6.56M | 0.01% |
493,200
+158,200
| +47% | +$2.03M |
|
|
TRK
1495
DELISTED
Speedway Motorsports, Inc.
TRK
| $6.55M | 0.01% |
302,500
+41,600
| +16% | +$816K |
|
1496
News Corp Class B
NWS
$17.7B
| $6.55M | 0.01% |
555,100
+36,700
| +7% | +$466K |
|
|
ESL
1497
DELISTED
Esterline Technologies
ESL
| $6.54M | 0.01% |
73,293
+44,893
| +158% | +$3.67M |
|
|
HMHC
1498
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $6.53M | 0.01% |
+601,900
| New | +$7.05M |
|
|
AVX
1499
DELISTED
AVX Corporation
AVX
| $6.53M | 0.01% |
417,800
+45,100
| +12% | +$665K |
|
|
TIS
1500
DELISTED
Orchids Paper Products, Inc.
TIS
| $6.53M | 0.01% |
249,245
-90,955
| -27% | -$2.35M |
|
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Renaissance Technologies's Q4 2016 Portfolio in Review
As of Q4 2016, Renaissance Technologies held 3,715 positions worth $63.2B, up 12% from $56.6B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Renaissance Technologies deployed $5.07B of net new capital in Q4 2016, opening 418 new positions and adding to 1,792 existing holdings. Its largest new stake was Broadcom: 10,144,960 shares worth $179M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Bristol-Myers Squibb, an estimated $227M trimmed.
- Renaissance Technologies's largest Q4 2016 buy was Broadcom: 10,144,960 shares worth $179M.
- Renaissance Technologies added most to Gilead Sciences in Q4 2016, an estimated $247M increase.
- Renaissance Technologies's biggest Q4 2016 reduction was Bristol-Myers Squibb, cutting an estimated $227M.
- Renaissance Technologies fully exited Alphabet (Google) Class C in Q4 2016, selling an estimated $205M.
- Renaissance Technologies's ten largest holdings make up 7.2% of its $63.2B portfolio in Q4 2016.
- Renaissance Technologies opened 418 new positions and closed 494 in Q4 2016.
- Renaissance Technologies's portfolio value rose 12% quarter-over-quarter to $63.2B.
Based on Renaissance Technologies's 13F filing for Q4 2016, filed 13 Feb 2017.