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 |
Medtronic
MDT
|
+$495M |
| 2 |
ExxonMobil
XOM
|
+$290M |
| 3 |
FedEx
FDX
|
+$273M |
| 4 |
Netflix
NFLX
|
+$262M |
| 5 |
RTX Corp
RTX
|
+$234M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$290M |
| 2 |
Electronic Arts
EA
|
+$280M |
| 3 |
Mastercard
MA
|
+$252M |
| 4 |
RAI
Reynolds American Inc
RAI
|
+$245M |
| 5 |
Johnson & Johnson
JNJ
|
+$242M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.71% |
| 2 | Technology | 15.33% |
| 3 | Financials | 11.4% |
| 4 | Industrials | 9.58% |
| 5 | Consumer Staples | 8.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BPFH
1701
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $5.63M | 0.01% |
340,200
-126,000
| -27% | -$1.9M |
|
1702
Gray Television
GTN
$437M
| $5.62M | 0.01% |
357,650
-51,500
| -13% | -$736K |
|
|
CNCE
1703
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $5.6M | 0.01% |
379,900
-1,200
| -0.3% | -$17.4K |
|
|
HF
1704
DELISTED
HFF Inc.
HF
| $5.6M | 0.01% |
141,500
-78,800
| -36% | -$2.9M |
|
1705
OneSpan
OSPN
$579M
| $5.59M | 0.01% |
464,270
+100,670
| +28% | +$1.29M |
|
|
CDR
1706
DELISTED
Cedar Realty Trust, Inc
CDR
| $5.57M | 0.01% |
150,182
-53,288
| -26% | -$1.81M |
|
|
SRGA
1707
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
| $5.57M | 0.01% |
40,785
+5,546
| +16% | +$837K |
|
|
XEC
1708
DELISTED
CIMAREX ENERGY CO
XEC
| $5.56M | 0.01% |
48,900
-486,398
| -91% | -$48.5M |
|
1709
Banco Macro
BMA
$5.72B
| $5.53M | 0.01% |
47,100
-17,700
| -27% | -$1.72M |
|
1710
Gaia
GAIA
$47.6M
| $5.52M | 0.01% |
459,903
-55,697
| -11% | -$637K |
|
|
TEP
1711
DELISTED
Tallgrass Energy Partners, LP
TEP
| $5.51M | 0.01% |
115,100
-54,200
| -32% | -$2.63M |
|
1712
HSBC
HSBC
$354B
| $5.48M | 0.01% |
+121,410
| New | +$5.37M |
|
|
PMC
1713
DELISTED
PharMerica Corporation
PMC
| $5.48M | 0.01% |
186,969
+112,580
| +151% | +$3.15M |
|
|
PMT
1714
PennyMac Mortgage Investment
PMT
$854M
| $5.47M | 0.01% |
314,700
+132,700
| +73% | +$2.31M |
|
|
ABAX
1715
DELISTED
Abaxis Inc
ABAX
| $5.46M | 0.01% |
122,271
+58,371
| +91% | +$2.77M |
|
1716
StealthGas
GASS
$329M
| $5.46M | 0.01% |
1,648,500
+116,300
| +8% | +$367K |
|
1717
York Water
YORW
$519M
| $5.45M | 0.01% |
160,700
+2,500
| +2% | +$84.8K |
|
1718
Northeast Bank
NBN
$1.06B
| $5.44M | 0.01% |
208,034
+53,726
| +35% | +$1.17M |
|
|
NSU
1719
DELISTED
Nevsun Resources Ltd.
NSU
| $5.42M | 0.01% |
2,485,000
-676,900
| -21% | -$1.57M |
|
|
TRK
1720
DELISTED
Speedway Motorsports, Inc.
TRK
| $5.41M | 0.01% |
254,100
+6,700
| +3% | +$135K |
|
1721
AllianceBernstein
AB
$3.48B
| $5.4M | 0.01% |
222,300
+91,600
| +70% | +$2.2M |
|
1722
Beazer Homes USA
BZH
$916M
| $5.4M | 0.01% |
288,260
+106,900
| +59% | +$1.63M |
|
1723
Cass Information Systems
CASS
$720M
| $5.38M | 0.01% |
112,053
+78,144
| +230% | +$3.73M |
|
1724
MaxLinear
MXL
$5.34B
| $5.38M | 0.01% |
226,613
+87,500
| +63% | +$2.1M |
|
1725
Frontline
FRO
$8.55B
| $5.38M | 0.01% |
890,103
+554,403
| +165% | +$3.13M |
|
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Renaissance Technologies's Q3 2017 Portfolio in Review
As of Q3 2017, Renaissance Technologies held 3,587 positions worth $85B, up 8.4% from $78.4B the previous quarter. Its ten largest holdings account for 8.5% of the portfolio.
Renaissance Technologies deployed $2.91B of net new capital in Q3 2017, opening 418 new positions and adding to 1,684 existing holdings. Its largest new stake was ExxonMobil: 3,652,454 shares worth $299M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 16% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Electronic Arts, an estimated $280M trimmed.
- Renaissance Technologies's largest Q3 2017 buy was ExxonMobil: 3,652,454 shares worth $299M.
- Renaissance Technologies added most to Medtronic in Q3 2017, an estimated $495M increase.
- Renaissance Technologies's biggest Q3 2017 reduction was Electronic Arts, cutting an estimated $280M.
- Renaissance Technologies fully exited Amazon in Q3 2017, selling an estimated $290M.
- Renaissance Technologies's ten largest holdings make up 8.5% of its $85B portfolio in Q3 2017.
- Renaissance Technologies opened 418 new positions and closed 418 in Q3 2017.
- Renaissance Technologies's portfolio value rose 8.4% quarter-over-quarter to $85B.
Based on Renaissance Technologies's 13F filing for Q3 2017, filed 13 Nov 2017.