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 |
Broadcom
AVGO
|
+$513M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$412M |
| 3 |
Meta Platforms (Facebook)
META
|
+$354M |
| 4 |
ServiceNow
NOW
|
+$262M |
| 5 |
American Airlines Group
AAL
|
+$259M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Palantir
PLTR
|
+$571M |
| 2 |
Apple
AAPL
|
+$571M |
| 3 |
Netflix
NFLX
|
+$388M |
| 4 |
NVIDIA
NVDA
|
+$313M |
| 5 |
TSMC
TSM
|
+$211M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.32% |
| 2 | Healthcare | 15.28% |
| 3 | Consumer Discretionary | 11.85% |
| 4 | Financials | 11.11% |
| 5 | Industrials | 8.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
EOG Resources
EOG
$78B
| $90.5M | 0.14% |
705,400
-20,800
| -3% | -$2.68M |
|
177
Vanguard Ultra-Short Bond ETF
VUSB
$8.94B
| $90.4M | 0.14% |
1,812,700
+255,000
| +16% | +$12.7M |
|
178
Ambev
ABEV
$47.9B
| $90.2M | 0.14% |
38,725,400
+5,527,100
| +17% | +$11.1M |
|
|
179
TSMC
TSM
$2.11T
| $90.1M | 0.14% |
542,820
-1,086,422
| -67% | -$211M |
|
180
Janus Henderson AAA CLO ETF
JAAA
$29B
| $90.1M | 0.14% |
1,775,900
-28,100
| -2% | -$1.43M |
|
181
Booking.com
BKNG
$150B
| $89M | 0.13% |
482,900
-403,775
| -46% | -$77.2M |
|
182
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
| $87.8M | 0.13% |
1,759,500
+1,070,847
| +155% | +$52.6M |
|
183
Entergy
ETR
$50.7B
| $87.5M | 0.13% |
1,023,700
+844,940
| +473% | +$69.6M |
|
184
IAMGOLD
IAG
$8.17B
| $87.1M | 0.13% |
13,928,296
+178,896
| +1% | +$1.06M |
|
185
Apollo Global Management
APO
$71.6B
| $86.6M | 0.13% |
+632,565
| New | +$97.3M |
|
186
Illumina
ILMN
$30.1B
| $86.4M | 0.13% |
1,089,560
+184,700
| +20% | +$20M |
|
187
EPR Properties
EPR
$4.75B
| $86.1M | 0.13% |
1,635,623
+254,300
| +18% | +$12.5M |
|
188
Cardinal Health
CAH
$53.6B
| $85.9M | 0.13% |
623,608
-1,087,100
| -64% | -$139M |
|
189
Mastercard
MA
$505B
| $85.4M | 0.13% |
155,764
+155,380
| +40,464% | +$84.6M |
|
190
Target
TGT
$65.4B
| $85.2M | 0.13% |
+816,000
| New | +$102M |
|
191
Astera Labs
ALAB
$53.3B
| $85.1M | 0.13% |
1,426,700
+253,000
| +22% | +$23.4M |
|
192
Argan
AGX
$8.09B
| $84.9M | 0.13% |
647,279
-25,300
| -4% | -$3.53M |
|
193
Rubrik
RBRK
$14.8B
| $84.2M | 0.13% |
1,381,400
+394,100
| +40% | +$26.9M |
|
194
Republic Services
RSG
$65B
| $83.6M | 0.13% |
345,161
+40,800
| +13% | +$9.15M |
|
195
Innoviva
INVA
$1.55B
| $82.6M | 0.13% |
4,557,232
+295,500
| +7% | +$5.3M |
|
|
ITCI
196
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $81.9M | 0.12% |
621,200
+306,700
| +98% | +$38.2M |
|
197
Teva Pharmaceuticals
TEVA
$40.6B
| $81.5M | 0.12% |
5,301,245
-1,674,973
| -24% | -$29.9M |
|
198
Copa Holdings
CPA
$5.8B
| $81.2M | 0.12% |
878,528
+76,900
| +10% | +$7.14M |
|
199
Dutch Bros
BROS
$9.07B
| $80.4M | 0.12% |
1,302,300
-122,800
| -9% | -$8.09M |
|
200
Hilton Worldwide
HLT
$71.8B
| $80M | 0.12% |
351,500
+169,100
| +93% | +$42.1M |
|
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Renaissance Technologies's Q1 2025 Portfolio in Review
As of Q1 2025, Renaissance Technologies held 3,989 positions worth $66.1B, down 2.2% from $67.6B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Renaissance Technologies's Q1 2025 filing shows 456 new, 1,472 increased, 1,441 reduced and 583 closed positions. Its largest new stake was ServiceNow: 1,361,505 shares worth $217M. The largest sale was Palantir, an estimated $571M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Renaissance Technologies's largest Q1 2025 buy was ServiceNow: 1,361,505 shares worth $217M.
- Renaissance Technologies added most to Broadcom in Q1 2025, an estimated $513M increase.
- Renaissance Technologies's biggest Q1 2025 reduction was Palantir, cutting an estimated $571M.
- Renaissance Technologies fully exited Nike in Q1 2025, selling an estimated $197M.
- Renaissance Technologies's ten largest holdings make up 11% of its $66.1B portfolio in Q1 2025.
- Renaissance Technologies opened 456 new positions and closed 583 in Q1 2025.
- Renaissance Technologies's portfolio value fell 2.2% quarter-over-quarter to $66.1B.
Based on Renaissance Technologies's 13F filing for Q1 2025, filed 14 May 2025.