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
|
+$453M |
| 2 |
CELG
Celgene Corp
CELG
|
+$391M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$389M |
| 4 |
GE Aerospace
GE
|
+$378M |
| 5 |
Johnson & Johnson
JNJ
|
+$356M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$307M |
| 2 |
Costco
COST
|
+$279M |
| 3 |
Lowe's Companies
LOW
|
+$273M |
| 4 |
Microsoft
MSFT
|
+$230M |
| 5 |
Chevron
CVX
|
+$225M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.59% |
| 2 | Technology | 14.11% |
| 3 | Financials | 10.92% |
| 4 | Consumer Discretionary | 9.85% |
| 5 | Real Estate | 7.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1476
American Vanguard Corp
AVD
$68.7M
| $9.18M | 0.01% |
595,852
+46,637
| +8% | +$712K |
|
1477
Associated Banc-Corp
ASB
$5.8B
| $9.17M | 0.01% |
433,631
+373,531
| +622% | +$8.11M |
|
1478
OSI Systems
OSIS
$3.53B
| $9.16M | 0.01% |
81,308
+64,600
| +387% | +$6.51M |
|
1479
STMicroelectronics
STM
$43.1B
| $9.16M | 0.01% |
515,925
-236,499
| -31% | -$4M |
|
1480
Inseego
INSG
$104M
| $9.15M | 0.01% |
191,110
-44,770
| -19% | -$2.11M |
|
1481
CNB Financial Corp
CCNE
$1.05B
| $9.11M | 0.01% |
322,702
+3,102
| +1% | +$83.4K |
|
1482
NVE Corp
NVEC
$543M
| $9.11M | 0.01% |
130,877
+15,977
| +14% | +$1.33M |
|
|
BRFS
1483
DELISTED
BRF SA
BRFS
| $9.08M | 0.01% |
+1,194,860
| New | +$8.65M |
|
|
WAAS
1484
DELISTED
AquaVenture Holdings Limited
WAAS
| $9.08M | 0.01% |
454,500
+10,300
| +2% | +$196K |
|
1485
Teekay Tankers
TNK
$2.71B
| $9.04M | 0.01% |
883,202
+283,425
| +47% | +$2.58M |
|
|
SVM
1486
Silvercorp Metals
SVM
$2.02B
| $9.03M | 0.01% |
3,669,510
+735,100
| +25% | +$1.69M |
|
1487
Lennox International
LII
$15B
| $9.02M | 0.01% |
32,800
-89,800
| -73% | -$24.5M |
|
1488
First Financial Bancorp
FFBC
$3.55B
| $9.01M | 0.01% |
372,080
-81,000
| -18% | -$1.95M |
|
1489
Smith & Nephew
SNN
$13.7B
| $9.01M | 0.01% |
206,850
-13,800
| -6% | -$571K |
|
|
EXTN
1490
DELISTED
Exterran Corporation
EXTN
| $8.99M | 0.01% |
632,100
+438,500
| +226% | +$6.43M |
|
|
BELFB
1491
Bel Fuse Inc Class B
BELFB
$3.45B
| $8.92M | 0.01% |
519,439
-2,784
| -0.5% | -$58.8K |
|
1492
Home Bancorp
HBCP
$558M
| $8.9M | 0.01% |
231,400
+4,700
| +2% | +$170K |
|
|
GTS
1493
DELISTED
Triple-S Management Corporation
GTS
| $8.89M | 0.01% |
391,748
+46,985
| +14% | +$1.07M |
|
1494
Garrett Motion
GTX
$5.37B
| $8.88M | 0.01% |
+578,400
| New | +$9.82M |
|
1495
Natural Gas Services Group
NGS
$457M
| $8.86M | 0.01% |
537,005
+54,000
| +11% | +$885K |
|
1496
Korn Ferry
KFY
$4.31B
| $8.84M | 0.01% |
+220,500
| New | +$10M |
|
1497
Primis Financial Corp
FRST
$399M
| $8.83M | 0.01% |
576,813
+11,900
| +2% | +$175K |
|
|
SEMG
1498
DELISTED
SEMGROUP CORPORATION
SEMG
| $8.83M | 0.01% |
735,657
+133,500
| +22% | +$1.77M |
|
1499
Blue Bird Corp
BLBD
$2.29B
| $8.82M | 0.01% |
448,100
-19,800
| -4% | -$363K |
|
|
NVTA
1500
DELISTED
Invitae Corporation
NVTA
| $8.8M | 0.01% |
374,382
-120,171
| -24% | -$2.56M |
|
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Renaissance Technologies's Q2 2019 Portfolio in Review
As of Q2 2019, Renaissance Technologies held 3,913 positions worth $114B, up 3.3% from $110B the previous quarter. Its ten largest holdings account for 9.1% of the portfolio.
Renaissance Technologies's Q2 2019 filing shows 495 new, 1,847 increased, 1,145 reduced and 397 closed positions. Its largest new stake was Apple: 9,290,160 shares worth $460M. The largest sale was UnitedHealth, an estimated $307M.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 16% a quarter earlier, followed by Technology and Financials.
- Renaissance Technologies's largest Q2 2019 buy was Apple: 9,290,160 shares worth $460M.
- Renaissance Technologies added most to Celgene Corp in Q2 2019, an estimated $391M increase.
- Renaissance Technologies's biggest Q2 2019 reduction was Microsoft, cutting an estimated $230M.
- Renaissance Technologies fully exited UnitedHealth in Q2 2019, selling an estimated $307M.
- Renaissance Technologies's ten largest holdings make up 9.1% of its $114B portfolio in Q2 2019.
- Renaissance Technologies opened 495 new positions and closed 397 in Q2 2019.
- Renaissance Technologies's portfolio value rose 3.3% quarter-over-quarter to $114B.
Based on Renaissance Technologies's 13F filing for Q2 2019, filed 12 Aug 2019.