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 |
Alphabet (Google) Class A
GOOGL
|
+$373M |
| 2 |
Costco
COST
|
+$283M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$270M |
| 4 |
Pfizer
PFE
|
+$240M |
| 5 |
Microsoft
MSFT
|
+$225M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVS Health
CVS
|
+$274M |
| 2 |
EMC
EMC CORPORATION
EMC
|
+$228M |
| 3 |
GAS
AGL Resources Inc
GAS
|
+$216M |
| 4 |
TE
TECO ENERGY INC
TE
|
+$136M |
| 5 |
Charter Communications
CHTR
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.61% |
| 2 | Healthcare | 12.42% |
| 3 | Financials | 11.99% |
| 4 | Consumer Staples | 9.6% |
| 5 | Industrials | 9.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MBT
176
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $69.6M | 0.12% |
9,121,300
+938,400
| +11% | +$7.94M |
|
|
IDTI
177
DELISTED
Integrated Device Technology I
IDTI
| $69.2M | 0.12% |
2,996,853
-369,600
| -11% | -$7.63M |
|
|
DCM
178
DELISTED
NTT DOCOMO, Inc.
DCM
| $68.8M | 0.12% |
2,705,900
+80,600
| +3% | +$2.13M |
|
179
Commault Systems
CVLT
$5.89B
| $68.4M | 0.12% |
1,286,600
+238,900
| +23% | +$12M |
|
|
BRCD
180
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $67.6M | 0.12% |
7,328,325
-212,100
| -3% | -$1.98M |
|
181
Danaher
DHR
$135B
| $67.2M | 0.12% |
966,696
+172,194
| +22% | +$12.2M |
|
|
PF
182
DELISTED
Pinnacle Foods, Inc.
PF
| $66.5M | 0.12% |
1,326,300
+115,100
| +10% | +$5.7M |
|
183
Fastenal
FAST
$54B
| $66.5M | 0.12% |
6,366,576
+4,418,000
| +227% | +$47M |
|
184
Coca-Cola Femsa
KOF
$21.6B
| $66.4M | 0.12% |
885,600
+43,100
| +5% | +$3.34M |
|
185
Cleveland-Cliffs
CLF
$6.81B
| $66.4M | 0.12% |
11,350,499
-3,163,100
| -22% | -$20.6M |
|
186
Southwest Airlines
LUV
$22.1B
| $66.4M | 0.12% |
1,706,500
+934,020
| +121% | +$35.5M |
|
187
Dolby
DLB
$4.72B
| $66.1M | 0.12% |
1,218,300
+428,900
| +54% | +$21.5M |
|
188
Gold Fields
GFI
$29.2B
| $65.3M | 0.12% |
13,466,500
+63,100
| +0.5% | +$357K |
|
189
NetApp
NTAP
$32.9B
| $65M | 0.11% |
1,815,432
+838,200
| +86% | +$25.6M |
|
190
WD-40
WDFC
$3.1B
| $64.9M | 0.11% |
576,900
-62,100
| -10% | -$7.26M |
|
191
America Movil
AMX
$78.1B
| $64.8M | 0.11% |
5,662,200
-2,083,100
| -27% | -$24.8M |
|
192
Molina Healthcare
MOH
$10.3B
| $64.7M | 0.11% |
1,110,200
+62,400
| +6% | +$3.44M |
|
|
LLL
193
DELISTED
L3 Technologies, Inc.
LLL
| $64.2M | 0.11% |
426,100
-155,500
| -27% | -$23.2M |
|
|
CSC
194
DELISTED
Computer Sciences
CSC
| $64.2M | 0.11% |
1,229,400
+519,500
| +73% | +$25.1M |
|
195
MSC Industrial Direct
MSM
$7.02B
| $64.1M | 0.11% |
873,000
+376,500
| +76% | +$27.4M |
|
196
Masco
MAS
$16B
| $63.7M | 0.11% |
1,856,300
+1,349,500
| +266% | +$46.7M |
|
|
X
197
DELISTED
US Steel
X
| $63.2M | 0.11% |
3,349,700
-325,100
| -9% | -$6.71M |
|
|
AIV
198
Aimco
AIV
$380M
| $62.8M | 0.11% |
10,269,308
+96,387
| +0.9% | +$580K |
|
199
UGI
UGI
$8B
| $62.8M | 0.11% |
1,388,050
-327,300
| -19% | -$14.9M |
|
|
ORBK
200
DELISTED
Orbotech Ltd
ORBK
| $62.7M | 0.11% |
2,116,800
+64,000
| +3% | +$1.81M |
|
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Renaissance Technologies's Q3 2016 Portfolio in Review
As of Q3 2016, Renaissance Technologies held 3,713 positions worth $56.6B, up 7.7% from $52.5B the previous quarter. Its ten largest holdings account for 7.9% of the portfolio.
Renaissance Technologies deployed $1.92B of net new capital in Q3 2016, opening 414 new positions and adding to 1,834 existing holdings. Its largest new stake was FedEx: 811,400 shares worth $142M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 14% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was CVS Health, an estimated $274M trimmed.
- Renaissance Technologies's largest Q3 2016 buy was FedEx: 811,400 shares worth $142M.
- Renaissance Technologies added most to Alphabet (Google) Class A in Q3 2016, an estimated $373M increase.
- Renaissance Technologies's biggest Q3 2016 reduction was CVS Health, cutting an estimated $274M.
- Renaissance Technologies fully exited EMC CORPORATION in Q3 2016, selling an estimated $228M.
- Renaissance Technologies's ten largest holdings make up 7.9% of its $56.6B portfolio in Q3 2016.
- Renaissance Technologies opened 414 new positions and closed 416 in Q3 2016.
- Renaissance Technologies's portfolio value rose 7.7% quarter-over-quarter to $56.6B.
Based on Renaissance Technologies's 13F filing for Q3 2016, filed 14 Nov 2016.