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
|
+$839M |
| 2 |
Amazon
AMZN
|
+$810M |
| 3 |
Tesla
TSLA
|
+$644M |
| 4 |
TSMC
TSM
|
+$546M |
| 5 |
Johnson & Johnson
JNJ
|
+$389M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$891M |
| 2 |
Home Depot
HD
|
+$441M |
| 3 |
JPMorgan Chase
JPM
|
+$335M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$317M |
| 5 |
ASML
ASML
|
+$315M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.81% |
| 2 | Technology | 15.51% |
| 3 | Consumer Discretionary | 11.84% |
| 4 | Consumer Staples | 10.09% |
| 5 | Financials | 9.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1726
Terreno Realty
TRNO
$7.58B
| $3.49M | ﹤0.01% |
61,300
-153,200
| -71% | -$8.6M |
|
1727
Cohen & Steers
CNS
$4.35B
| $3.48M | ﹤0.01% |
53,942
-15,770
| -23% | -$989K |
|
|
ONL
1728
Orion Office REIT
ONL
$155M
| $3.48M | ﹤0.01% |
407,700
+47,200
| +13% | +$431K |
|
1729
Utz Brands
UTZ
$1.25B
| $3.48M | ﹤0.01% |
219,100
+32,400
| +17% | +$537K |
|
1730
First Bancorp
FNLC
$402M
| $3.46M | ﹤0.01% |
115,663
-7,615
| -6% | -$228K |
|
1731
Cemex
CX
$17.1B
| $3.46M | ﹤0.01% |
854,293
-1,663,100
| -66% | -$6.65M |
|
1732
Fresenius Medical Care
FMS
$12.9B
| $3.44M | ﹤0.01% |
+210,300
| New | +$3.12M |
|
|
PINE
1733
Alpine Income Property Trust
PINE
$335M
| $3.44M | ﹤0.01% |
180,100
+123,022
| +216% | +$2.23M |
|
|
AMNB
1734
DELISTED
American National Bankshares Inc
AMNB
| $3.43M | ﹤0.01% |
92,991
-7,400
| -7% | -$270K |
|
1735
Kamada
KMDA
$417M
| $3.43M | ﹤0.01% |
855,545
-24,800
| -3% | -$109K |
|
1736
Townsquare Media
TSQ
$109M
| $3.43M | ﹤0.01% |
473,252
-54,700
| -10% | -$412K |
|
1737
First Community Bankshares
FCBC
$924M
| $3.43M | ﹤0.01% |
101,094
-7,400
| -7% | -$264K |
|
|
SUP
1738
DELISTED
Superior Industries International
SUP
| $3.42M | ﹤0.01% |
810,009
-91,400
| -10% | -$388K |
|
1739
NETSCOUT
NTCT
$3.07B
| $3.41M | ﹤0.01% |
104,900
+46,600
| +80% | +$1.61M |
|
|
TPIC
1740
DELISTED
TPI Composites
TPIC
| $3.41M | ﹤0.01% |
336,200
-118,000
| -26% | -$1.23M |
|
1741
Zai Lab
ZLAB
$2.05B
| $3.4M | ﹤0.01% |
110,700
+82,000
| +286% | +$2.59M |
|
1742
Cytokinetics
CYTK
$10.4B
| $3.38M | ﹤0.01% |
+73,667
| New | +$3.17M |
|
|
TUP
1743
DELISTED
Tupperware Brands Corporation
TUP
| $3.37M | ﹤0.01% |
814,796
+718,596
| +747% | +$3.85M |
|
1744
TriMas Corp
TRS
$1.45B
| $3.36M | ﹤0.01% |
121,270
-38,600
| -24% | -$1.03M |
|
1745
Beazer Homes USA
BZH
$901M
| $3.36M | ﹤0.01% |
263,428
+192,100
| +269% | +$2.33M |
|
1746
Innovative Solutions & Support
ISSC
$348M
| $3.35M | ﹤0.01% |
407,710
-27,400
| -6% | -$241K |
|
|
MRSN
1747
DELISTED
Mersana Therapeutics
MRSN
| $3.35M | ﹤0.01% |
22,869
-5,084
| -18% | -$859K |
|
1748
Oscar Health
OSCR
$9.16B
| $3.35M | ﹤0.01% |
1,361,399
+97,999
| +8% | +$306K |
|
1749
Allot
ALLT
$386M
| $3.34M | ﹤0.01% |
970,806
-88,800
| -8% | -$333K |
|
1750
LegalZoom.com
LZ
$1.44B
| $3.33M | ﹤0.01% |
430,942
+373,800
| +654% | +$3.24M |
|
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Renaissance Technologies's Q4 2022 Portfolio in Review
As of Q4 2022, Renaissance Technologies held 4,601 positions worth $73.1B, up 3.4% from $70.7B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Renaissance Technologies's Q4 2022 filing shows 626 new, 1,390 increased, 2,018 reduced and 524 closed positions. Its largest new stake was Johnson & Johnson: 2,254,125 shares worth $398M. The largest sale was Microsoft, an estimated $891M.
By sector, the portfolio is most concentrated in Healthcare at 21% of assets, up from 19% a quarter earlier, followed by Technology and Consumer Discretionary.
- Renaissance Technologies's largest Q4 2022 buy was Johnson & Johnson: 2,254,125 shares worth $398M.
- Renaissance Technologies added most to Apple in Q4 2022, an estimated $839M increase.
- Renaissance Technologies's biggest Q4 2022 reduction was Novo Nordisk, cutting an estimated $317M.
- Renaissance Technologies fully exited Microsoft in Q4 2022, selling an estimated $891M.
- Renaissance Technologies's ten largest holdings make up 11% of its $73.1B portfolio in Q4 2022.
- Renaissance Technologies opened 626 new positions and closed 524 in Q4 2022.
- Renaissance Technologies's portfolio value rose 3.4% quarter-over-quarter to $73.1B.
Based on Renaissance Technologies's 13F filing for Q4 2022, filed 13 Feb 2023.