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 | |
|---|---|---|---|---|---|---|
1626
First Advantage
FA
$3.53B
| $2.97M | 0.01% |
215,300
+10,500
| +5% | +$152K |
|
|
HPP
1627
Hudson Pacific Properties
HPP
$812M
| $2.97M | 0.01% |
63,772
+25,858
| +68% | +$1.11M |
|
1628
SmartFinancial
SMBK
$906M
| $2.97M | 0.01% |
138,874
-800
| -0.6% | -$18.5K |
|
1629
Telos
TLS
$350M
| $2.96M | 0.01% |
1,236,300
-123,100
| -9% | -$282K |
|
1630
Direxion Daily 20+ Year Treasury Bear 3X ETF
TMV
$186M
| $2.95M | 0.01% |
66,900
+36,100
| +117% | +$1.28M |
|
1631
ARKO Corp
ARKO
$826M
| $2.94M | 0.01% |
410,772
+221,372
| +117% | +$1.73M |
|
1632
American Vanguard Corp
AVD
$73.2M
| $2.94M | 0.01% |
268,752
+114,000
| +74% | +$1.73M |
|
1633
Travelzoo
TZOO
$73.1M
| $2.94M | 0.01% |
503,401
-3,300
| -0.7% | -$23.6K |
|
1634
Heartland Express
HTLD
$972M
| $2.93M | 0.01% |
199,682
-1,600
| -0.8% | -$24.8K |
|
|
TIXT
1635
DELISTED
TELUS International
TIXT
| $2.93M | 0.01% |
384,505
-19,095
| -5% | -$182K |
|
1636
Greif Class B
GEF.B
$4.23B
| $2.93M | 0.01% |
44,010
+4,591
| +12% | +$342K |
|
1637
Boston Omaha
BOC
$438M
| $2.93M | 0.01% |
178,500
-3,800
| -2% | -$68.2K |
|
1638
International Bancshares
IBOC
$4.72B
| $2.92M | 0.01% |
67,500
-27,500
| -29% | -$1.26M |
|
1639
Immersion
IMMR
$255M
| $2.92M | 0.01% |
442,500
-56,633
| -11% | -$395K |
|
1640
Boston Beer
SAM
$1.92B
| $2.92M | 0.01% |
+7,500
| New | +$2.63M |
|
1641
Navitas Semiconductor
NVTS
$3.22B
| $2.91M | 0.01% |
+419,200
| New | +$3.71M |
|
1642
Affirm
AFRM
$26.3B
| $2.91M | 0.01% |
136,900
-327,000
| -70% | -$5.98M |
|
1643
FuboTV Inc
FUBO
$314M
| $2.91M | 0.01% |
90,863
-74,783
| -45% | -$2.32M |
|
1644
OceanFirst Financial
OCFC
$1.73B
| $2.9M | ﹤0.01% |
200,652
-16,300
| -8% | -$274K |
|
|
KC
1645
Kingsoft Cloud Holdings
KC
$3.75B
| $2.9M | ﹤0.01% |
587,800
-435,800
| -43% | -$2.47M |
|
1646
StoneX
SNEX
$9.2B
| $2.9M | ﹤0.01% |
151,354
-79,481
| -34% | -$1.46M |
|
|
SUP
1647
DELISTED
Superior Industries International
SUP
| $2.9M | ﹤0.01% |
953,251
+5,799
| +0.6% | +$20.4K |
|
1648
DXP Enterprises
DXPE
$2.61B
| $2.89M | ﹤0.01% |
82,700
+26,600
| +47% | +$960K |
|
1649
Alto Ingredients
ALTO
$392M
| $2.88M | ﹤0.01% |
651,700
-360,421
| -36% | -$1.39M |
|
|
YSG
1650
Yatsen Holding
YSG
$300M
| $2.87M | ﹤0.01% |
573,069
-3,480
| -0.6% | -$18.6K |
|
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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.