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
|
+$535M |
| 2 |
Meta Platforms (Facebook)
META
|
+$388M |
| 3 |
SLB Ltd
SLB
|
+$348M |
| 4 |
Visa
V
|
+$230M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$203M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$350M |
| 2 |
Chevron
CVX
|
+$349M |
| 3 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$337M |
| 4 |
Dell
DELL
|
+$332M |
| 5 |
SODA
SodaStream International Ltd
SODA
|
+$251M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.48% |
| 2 | Technology | 13.21% |
| 3 | Financials | 10.74% |
| 4 | Real Estate | 9.97% |
| 5 | Utilities | 9.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1676
Helix Energy Solutions
HLX
$1.4B
| $5.41M | 0.01% |
1,000,627
+228,700
| +30% | +$1.86M |
|
1677
Natural Alternatives International
NAII
$14.4M
| $5.41M | 0.01% |
550,415
-11,005
| -2% | -$106K |
|
1678
First Bancorp
FNLC
$396M
| $5.4M | 0.01% |
205,400
-5,100
| -2% | -$141K |
|
1679
Quaker Houghton
KWR
$2.76B
| $5.4M | 0.01% |
30,400
-33,900
| -53% | -$6.53M |
|
1680
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$304M
| $5.38M | 0.01% |
+153,300
| New | +$5.99M |
|
|
CRZO
1681
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $5.38M | 0.01% |
476,400
-29,100
| -6% | -$518K |
|
|
PENG
1682
Penguin Solutions Inc
PENG
$2.7B
| $5.38M | 0.01% |
+362,000
| New | +$5.48M |
|
1683
Lakeland Industries
LAKE
$113M
| $5.37M | 0.01% |
514,502
-15,476
| -3% | -$197K |
|
|
TVRD
1684
Tvardi Therapeutics
TVRD
$19.7M
| $5.37M | 0.01% |
+11,476
| New | +$7.4M |
|
|
SMI
1685
DELISTED
Semiconductor Manufacturing Intl
SMI
| $5.34M | 0.01% |
1,247,700
+72,300
| +6% | +$324K |
|
1686
BioLife Solutions
BLFS
$1.53B
| $5.33M | 0.01% |
443,500
+15,600
| +4% | +$186K |
|
1687
Global Indemnity Group
GBLI
$402M
| $5.33M | 0.01% |
147,264
-8,300
| -5% | -$291K |
|
|
MTOR
1688
DELISTED
MERITOR, Inc.
MTOR
| $5.33M | 0.01% |
315,400
-272,700
| -46% | -$4.65M |
|
1689
Air Products & Chemicals
APD
$65.7B
| $5.33M | 0.01% |
33,305
-242,295
| -88% | -$38.4M |
|
|
QTNA
1690
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
| $5.33M | 0.01% |
371,142
+200,942
| +118% | +$3.19M |
|
|
IO
1691
DELISTED
ION Geophysical Corporation
IO
| $5.32M | 0.01% |
1,026,523
-53,559
| -5% | -$544K |
|
1692
CONMED
CNMD
$1.39B
| $5.31M | 0.01% |
82,681
+46,900
| +131% | +$3.21M |
|
|
RWT
1693
Redwood Trust
RWT
$574M
| $5.3M | 0.01% |
351,500
+7,300
| +2% | +$118K |
|
1694
StealthGas
GASS
$332M
| $5.29M | 0.01% |
1,918,226
-3,774
| -0.2% | -$12.6K |
|
|
TESS
1695
DELISTED
Tessco Technologies Inc
TESS
| $5.29M | 0.01% |
441,200
-11,200
| -2% | -$138K |
|
|
PVLA
1696
Palvella Therapeutics
PVLA
$1.99B
| $5.28M | 0.01% |
24,809
+7,504
| +43% | +$2.33M |
|
1697
Citizens & Northern Corp
CZNC
$456M
| $5.28M | 0.01% |
199,600
-800
| -0.4% | -$20.7K |
|
1698
RF Industries
RFIL
$134M
| $5.23M | 0.01% |
720,602
-35,470
| -5% | -$266K |
|
1699
W.P. Carey
WPC
$16.8B
| $5.23M | 0.01% |
+81,680
| New | +$5.32M |
|
1700
Axogen
AXGN
$2.27B
| $5.22M | 0.01% |
255,300
-355,900
| -58% | -$11.1M |
|
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Renaissance Technologies's Q4 2018 Portfolio in Review
As of Q4 2018, Renaissance Technologies held 3,847 positions worth $91.3B, down 6.1% from $97.3B the previous quarter. Its ten largest holdings account for 9.1% of the portfolio.
Renaissance Technologies deployed $8.84B of net new capital in Q4 2018, opening 522 new positions and adding to 1,588 existing holdings. Its largest new stake was Apple: 11,041,936 shares worth $435M.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, down from 18% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Dell, an estimated $332M trimmed.
- Renaissance Technologies's largest Q4 2018 buy was Apple: 11,041,936 shares worth $435M.
- Renaissance Technologies added most to Meta Platforms (Facebook) in Q4 2018, an estimated $388M increase.
- Renaissance Technologies's biggest Q4 2018 reduction was Dell, cutting an estimated $332M.
- Renaissance Technologies fully exited Danaher in Q4 2018, selling an estimated $350M.
- Renaissance Technologies's ten largest holdings make up 9.1% of its $91.3B portfolio in Q4 2018.
- Renaissance Technologies opened 522 new positions and closed 504 in Q4 2018.
- Renaissance Technologies's portfolio value fell 6.1% quarter-over-quarter to $91.3B.
Based on Renaissance Technologies's 13F filing for Q4 2018, filed 13 Feb 2019.