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 |
Netflix
NFLX
|
+$385M |
| 2 |
Microsoft
MSFT
|
+$368M |
| 3 |
Berkshire Hathaway Class A
BRK.A
|
+$298M |
| 4 |
Delta Air Lines
DAL
|
+$208M |
| 5 |
Carnival Corporation Ltd
CCL
|
+$203M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$1.34B |
| 2 |
Tesla
TSLA
|
+$353M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$303M |
| 4 |
NVIDIA
NVDA
|
+$290M |
| 5 |
Boeing
BA
|
+$286M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.27% |
| 2 | Healthcare | 18.47% |
| 3 | Consumer Discretionary | 12.34% |
| 4 | Consumer Staples | 10.13% |
| 5 | Industrials | 9.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BCYC
1976
Bicycle Therapeutics
BCYC
$278M
| $1.65M | ﹤0.01% |
82,000
+11,100
| +16% | +$254K |
|
1977
C3.ai
AI
$1.53B
| $1.64M | ﹤0.01% |
+64,300
| New | +$2.15M |
|
1978
Cytek Biosciences
CTKB
$537M
| $1.64M | ﹤0.01% |
+296,900
| New | +$2.38M |
|
1979
Root
ROOT
$799M
| $1.63M | ﹤0.01% |
171,816
-9,500
| -5% | -$98.4K |
|
1980
Security National Financial
SNFCA
$251M
| $1.63M | ﹤0.01% |
241,253
+2,213
| +0.9% | +$15.7K |
|
1981
The GEO Group
GEO
$4.03B
| $1.63M | ﹤0.01% |
199,627
-143,164
| -42% | -$1.05M |
|
1982
Hurco Companies Inc
HURC
$142M
| $1.63M | ﹤0.01% |
72,682
-3,212
| -4% | -$69.9K |
|
1983
Latham Group
SWIM
$848M
| $1.62M | ﹤0.01% |
580,017
+241,617
| +71% | +$874K |
|
|
FRGI
1984
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $1.62M | ﹤0.01% |
191,800
+53,900
| +39% | +$442K |
|
1985
Vanguard Long-Term Treasury ETF
VGLT
$10.1B
| $1.62M | ﹤0.01% |
+29,200
| New | +$1.74M |
|
1986
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.72B
| $1.62M | ﹤0.01% |
+37,300
| New | +$1.67M |
|
1987
Rocky Mountain Chocolate Factory
RMCF
$7.93M
| $1.62M | ﹤0.01% |
339,963
-11,800
| -3% | -$62.7K |
|
|
AAN
1988
DELISTED
The Aaron's Company Inc
AAN
| $1.62M | ﹤0.01% |
154,300
+30,900
| +25% | +$394K |
|
1989
Health Catalyst
HCAT
$171M
| $1.61M | ﹤0.01% |
159,469
+4,869
| +3% | +$58.1K |
|
|
KAMN
1990
DELISTED
Kaman Corp
KAMN
| $1.61M | ﹤0.01% |
82,104
+18,794
| +30% | +$419K |
|
1991
Espey Mfg & Electronics Corp
ESP
$186M
| $1.61M | ﹤0.01% |
99,612
-100
| -0.1% | -$1.61K |
|
1992
VanEck Junior Gold Miners ETF
GDXJ
$7.86B
| $1.6M | ﹤0.01% |
49,800
-45,400
| -48% | -$1.61M |
|
1993
Orion Energy Systems
OESX
$71.3M
| $1.6M | ﹤0.01% |
127,291
+90
| +0.1% | +$1.39K |
|
1994
OFG Bancorp
OFG
$2.24B
| $1.6M | ﹤0.01% |
+53,700
| New | +$1.64M |
|
1995
Kite Realty
KRG
$5.35B
| $1.6M | ﹤0.01% |
74,603
+2,700
| +4% | +$61.1K |
|
1996
AmeriServ Financial
ASRV
$81.3M
| $1.6M | ﹤0.01% |
602,729
-24,200
| -4% | -$71K |
|
1997
iShares Russell 1000 ETF
IWB
$49.7B
| $1.6M | ﹤0.01% |
6,800
+3,400
| +100% | +$832K |
|
1998
Invesco S&P 500 Quality ETF
SPHQ
$19.7B
| $1.6M | ﹤0.01% |
31,900
+3,400
| +12% | +$174K |
|
1999
IHS Holding
IHS
$2.77B
| $1.59M | ﹤0.01% |
287,300
-32,700
| -10% | -$242K |
|
2000
Liquidia Corp
LQDA
$7.95B
| $1.59M | ﹤0.01% |
251,434
-47,366
| -16% | -$341K |
|
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Renaissance Technologies's Q3 2023 Portfolio in Review
As of Q3 2023, Renaissance Technologies held 4,329 positions worth $58.7B, down 15% from $69.4B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Renaissance Technologies withdrew a net $8.34B in Q3 2023, closing 713 positions and reducing 1,794 holdings. Its most notable exit was Chevron, an estimated $185M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Renaissance Technologies opened a new position in D.R. Horton worth $125M.
- Renaissance Technologies's largest Q3 2023 buy was D.R. Horton: 1,159,438 shares worth $125M.
- Renaissance Technologies added most to Netflix in Q3 2023, an estimated $385M increase.
- Renaissance Technologies's biggest Q3 2023 reduction was Meta Platforms (Facebook), cutting an estimated $1.34B.
- Renaissance Technologies fully exited Chevron in Q3 2023, selling an estimated $185M.
- Renaissance Technologies's ten largest holdings make up 12% of its $58.7B portfolio in Q3 2023.
- Renaissance Technologies opened 464 new positions and closed 713 in Q3 2023.
- Renaissance Technologies's portfolio value fell 15% quarter-over-quarter to $58.7B.
Based on Renaissance Technologies's 13F filing for Q3 2023, filed 14 Nov 2023.