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 | |
|---|---|---|---|---|---|---|
|
RJET
1951
Republic Airways Holdings
RJET
$1.02B
| $3.92M | ﹤0.01% |
+28,553
| New | +$3.94M |
|
1952
Royal Caribbean
RCL
$86.1B
| $3.92M | ﹤0.01% |
+32,300
| New | +$3.93M |
|
1953
McKesson
MCK
$101B
| $3.91M | ﹤0.01% |
29,100
-213,810
| -88% | -$26.7M |
|
|
PSB
1954
DELISTED
PS Business Parks, Inc.
PSB
| $3.91M | ﹤0.01% |
23,200
-58,400
| -72% | -$9.34M |
|
1955
Commerce Bancshares
CBSH
$8.55B
| $3.91M | ﹤0.01% |
92,162
-22,866
| -20% | -$964K |
|
1956
California Water Service
CWT
$3.02B
| $3.89M | ﹤0.01% |
76,900
+45,300
| +143% | +$2.28M |
|
1957
CSP Inc
CSPI
$79.2M
| $3.88M | ﹤0.01% |
509,500
-6,000
| -1% | -$40.8K |
|
1958
Farmers National Banc Corp
FMNB
$941M
| $3.88M | ﹤0.01% |
261,600
+12,100
| +5% | +$172K |
|
|
GSH
1959
DELISTED
Guangshen Railway Co. Ltd
GSH
| $3.86M | ﹤0.01% |
225,989
+16,089
| +8% | +$291K |
|
|
SREV
1960
DELISTED
ServiceSource International, Inc.
SREV
| $3.86M | ﹤0.01% |
4,065,215
-130,601
| -3% | -$129K |
|
|
ITIC
1961
Investors Title Co
ITIC
$548M
| $3.86M | ﹤0.01% |
23,100
+1,400
| +6% | +$226K |
|
|
IPHI
1962
DELISTED
INPHI CORPORATION
IPHI
| $3.86M | ﹤0.01% |
+77,000
| New | +$3.59M |
|
|
AAIC
1963
DELISTED
Arlington Asset Investment Corp.
AAIC
| $3.85M | ﹤0.01% |
560,300
+136,300
| +32% | +$1M |
|
|
ECOL
1964
DELISTED
US Ecology, Inc.
ECOL
| $3.85M | ﹤0.01% |
64,653
-65,100
| -50% | -$3.84M |
|
1965
PENN Entertainment
PENN
$2.75B
| $3.85M | ﹤0.01% |
199,800
+13,800
| +7% | +$280K |
|
|
ICAD
1966
DELISTED
iCAD Inc
ICAD
| $3.84M | ﹤0.01% |
603,270
-41,400
| -6% | -$236K |
|
|
CTG
1967
DELISTED
Computer Task Group, Inc.
CTG
| $3.84M | ﹤0.01% |
958,360
+36,597
| +4% | +$158K |
|
|
DRD
1968
DRDGold
DRD
$1.81B
| $3.82M | ﹤0.01% |
1,253,515
-25,560
| -2% | -$53.2K |
|
1969
Casey's General Stores
CASY
$32.1B
| $3.82M | ﹤0.01% |
24,472
-5,900
| -19% | -$805K |
|
|
PNTR
1970
DELISTED
Pointer Telocation Ltd.
PNTR
| $3.82M | ﹤0.01% |
250,241
+11,541
| +5% | +$173K |
|
1971
Ardmore Shipping
ASC
$703M
| $3.81M | ﹤0.01% |
467,698
+167,700
| +56% | +$1.17M |
|
1972
Aspen Aerogels
ASPN
$374M
| $3.81M | ﹤0.01% |
534,331
-16,470
| -3% | -$74.8K |
|
1973
Global Industrial
GIC
$1.35B
| $3.81M | ﹤0.01% |
171,900
-4,900
| -3% | -$107K |
|
|
FMBI
1974
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $3.8M | ﹤0.01% |
185,771
-119,000
| -39% | -$2.46M |
|
1975
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.8B
| $3.8M | ﹤0.01% |
109,550
+78,000
| +247% | +$2.61M |
|
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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.