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 | |
|---|---|---|---|---|---|---|
2051
Metropolitan Bank Holding Corp
MCB
$1.15B
| $1.46M | ﹤0.01% |
+40,357
| New | +$1.65M |
|
2052
Dave & Buster's
PLAY
$351M
| $1.46M | ﹤0.01% |
39,500
-435,200
| -92% | -$17.8M |
|
2053
Erasca
ERAS
$6.34B
| $1.46M | ﹤0.01% |
742,100
-409,600
| -36% | -$1.05M |
|
|
TERN
2054
DELISTED
Terns Pharmaceuticals
TERN
| $1.46M | ﹤0.01% |
290,100
+236,900
| +445% | +$1.5M |
|
|
AFCG
2055
AFC Gamma
AFCG
$63M
| $1.45M | ﹤0.01% |
180,883
-84,289
| -32% | -$749K |
|
2056
Hyliion Holdings
HYLN
$704M
| $1.45M | ﹤0.01% |
1,229,100
-767,700
| -38% | -$1.15M |
|
2057
TAT Technologies
TATT
$518M
| $1.45M | ﹤0.01% |
168,402
-28
| -0% | -$221 |
|
|
BLUE
2058
DELISTED
bluebird bio
BLUE
| $1.44M | ﹤0.01% |
23,745
-3,765
| -14% | -$264K |
|
2059
British American Tobacco
BTI
$127B
| $1.44M | ﹤0.01% |
45,857
-662,291
| -94% | -$21.8M |
|
2060
i3 Verticals
IIIV
$429M
| $1.44M | ﹤0.01% |
68,127
-51,288
| -43% | -$1.19M |
|
|
FSP
2061
Franklin Street Properties
FSP
$47.1M
| $1.44M | ﹤0.01% |
777,288
-52,591
| -6% | -$93.4K |
|
2062
Madison Square Garden
MSGE
$3.63B
| $1.44M | ﹤0.01% |
43,600
-5,200
| -11% | -$172K |
|
2063
Northern Technologies International Corp
NTIC
$77.8M
| $1.43M | ﹤0.01% |
107,177
+11,500
| +12% | +$145K |
|
2064
Frequency Electronics
FEIM
$815M
| $1.43M | ﹤0.01% |
206,370
+6,909
| +3% | +$46.6K |
|
2065
BioCryst Pharmaceuticals
BCRX
$2.36B
| $1.43M | ﹤0.01% |
+201,845
| New | +$1.45M |
|
2066
Kodiak Sciences
KOD
$2.84B
| $1.43M | ﹤0.01% |
792,931
+383,431
| +94% | +$1.35M |
|
2067
CareTrust REIT
CTRE
$9.72B
| $1.42M | ﹤0.01% |
+69,373
| New | +$1.4M |
|
|
SGMO
2068
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $1.42M | ﹤0.01% |
2,365,754
-701,742
| -23% | -$751K |
|
2069
Maui Land & Pineapple Co
MLP
$336M
| $1.42M | ﹤0.01% |
106,949
+200
| +0.2% | +$2.83K |
|
2070
Kura Sushi USA
KRUS
$590M
| $1.42M | ﹤0.01% |
+21,400
| New | +$1.89M |
|
2071
Orion Group Holdings
ORN
$410M
| $1.41M | ﹤0.01% |
263,897
-3,242
| -1% | -$12.8K |
|
|
PPIH
2072
Perma-Pipe International
PPIH
$211M
| $1.41M | ﹤0.01% |
173,093
-4,100
| -2% | -$35.3K |
|
2073
Heritage Global
HGBL
$36.1M
| $1.41M | ﹤0.01% |
452,717
+21,100
| +5% | +$71.7K |
|
|
BNT
2074
Brookfield Wealth Solutions
BNT
$12.2B
| $1.41M | ﹤0.01% |
67,493
-6,457
| -9% | -$146K |
|
2075
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$11.6B
| $1.41M | ﹤0.01% |
62,900
-22,300
| -26% | -$507K |
|
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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.