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
|
+$535M |
| 2 |
Meta Platforms (Facebook)
META
|
+$388M |
| 3 |
SLB Ltd
SLB
|
+$348M |
| 4 |
Visa
V
|
+$230M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$203M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$350M |
| 2 |
Chevron
CVX
|
+$349M |
| 3 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$337M |
| 4 |
Dell
DELL
|
+$332M |
| 5 |
SODA
SodaStream International Ltd
SODA
|
+$251M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.48% |
| 2 | Technology | 13.21% |
| 3 | Financials | 10.74% |
| 4 | Real Estate | 9.97% |
| 5 | Utilities | 9.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2401
Varex Imaging
VREX
$472M
| $1.44M | ﹤0.01% |
60,900
-108,300
| -64% | -$2.75M |
|
2402
HNI Corp
HNI
$3.24B
| $1.44M | ﹤0.01% |
+40,600
| New | +$1.54M |
|
2403
Rogers Corp
ROG
$2.21B
| $1.44M | ﹤0.01% |
+14,505
| New | +$1.74M |
|
|
VVUS
2404
DELISTED
Vivus Inc
VVUS
| $1.44M | ﹤0.01% |
644,475
-183,898
| -22% | -$634K |
|
2405
Network-1 Technologies
NTIP
$37M
| $1.44M | ﹤0.01% |
643,400
-35,000
| -5% | -$91.3K |
|
|
AAT
2406
American Assets Trust
AAT
$1.45B
| $1.43M | ﹤0.01% |
+35,700
| New | +$1.39M |
|
|
ENFC
2407
DELISTED
Entegra Financial Corp.
ENFC
| $1.43M | ﹤0.01% |
69,122
-9,400
| -12% | -$213K |
|
2408
KALA BIO
KALA
$14.1M
| $1.42M | ﹤0.01% |
117
+99
| +550% | +$1.72M |
|
2409
Minerals Technologies
MTX
$2.36B
| $1.42M | ﹤0.01% |
+27,700
| New | +$1.55M |
|
|
SUP
2410
DELISTED
Superior Industries International
SUP
| $1.42M | ﹤0.01% |
295,193
+149,493
| +103% | +$1.39M |
|
|
PPIH
2411
Perma-Pipe International
PPIH
$196M
| $1.42M | ﹤0.01% |
161,994
-10,076
| -6% | -$90.5K |
|
2412
GATX Corp
GATX
$6.35B
| $1.42M | ﹤0.01% |
20,000
+17,100
| +590% | +$1.35M |
|
|
CASA
2413
DELISTED
Casa Systems, Inc. Common Stock
CASA
| $1.41M | ﹤0.01% |
+107,300
| New | +$1.54M |
|
|
LN
2414
DELISTED
LINE Corporation
LN
| $1.41M | ﹤0.01% |
41,200
-13,700
| -25% | -$453K |
|
|
UMH
2415
UMH Properties
UMH
$1.29B
| $1.4M | ﹤0.01% |
118,600
-165,400
| -58% | -$2.24M |
|
2416
Howard Hughes
HHH
$3.81B
| $1.4M | ﹤0.01% |
15,001
-21,085
| -58% | -$2.19M |
|
2417
Transcat
TRNS
$799M
| $1.4M | ﹤0.01% |
73,386
-11,995
| -14% | -$247K |
|
2418
iShares Core US Aggregate Bond ETF
AGG
$137B
| $1.4M | ﹤0.01% |
+13,100
| New | +$1.37M |
|
2419
First Citizens BancShares
FCNCA
$24.9B
| $1.4M | ﹤0.01% |
3,700
+1,200
| +48% | +$504K |
|
2420
American Airlines Group
AAL
$10.1B
| $1.39M | ﹤0.01% |
+43,400
| New | +$1.51M |
|
|
FLOW
2421
DELISTED
SPX FLOW, Inc.
FLOW
| $1.39M | ﹤0.01% |
45,739
-94,261
| -67% | -$3.55M |
|
2422
Maui Land & Pineapple Co
MLP
$344M
| $1.39M | ﹤0.01% |
139,808
-30,092
| -18% | -$346K |
|
2423
Flanigan's Enterprises
BDL
$77.6M
| $1.38M | ﹤0.01% |
53,500
+2,100
| +4% | +$56.6K |
|
2424
Greif
GEF
$4.92B
| $1.38M | ﹤0.01% |
37,100
+17,500
| +89% | +$819K |
|
2425
Ring Energy
REI
$315M
| $1.38M | ﹤0.01% |
+270,618
| New | +$1.92M |
|
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Renaissance Technologies's Q4 2018 Portfolio in Review
As of Q4 2018, Renaissance Technologies held 3,847 positions worth $91.3B, down 6.1% from $97.3B the previous quarter. Its ten largest holdings account for 9.1% of the portfolio.
Renaissance Technologies deployed $8.84B of net new capital in Q4 2018, opening 522 new positions and adding to 1,588 existing holdings. Its largest new stake was Apple: 11,041,936 shares worth $435M.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, down from 18% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Dell, an estimated $332M trimmed.
- Renaissance Technologies's largest Q4 2018 buy was Apple: 11,041,936 shares worth $435M.
- Renaissance Technologies added most to Meta Platforms (Facebook) in Q4 2018, an estimated $388M increase.
- Renaissance Technologies's biggest Q4 2018 reduction was Dell, cutting an estimated $332M.
- Renaissance Technologies fully exited Danaher in Q4 2018, selling an estimated $350M.
- Renaissance Technologies's ten largest holdings make up 9.1% of its $91.3B portfolio in Q4 2018.
- Renaissance Technologies opened 522 new positions and closed 504 in Q4 2018.
- Renaissance Technologies's portfolio value fell 6.1% quarter-over-quarter to $91.3B.
Based on Renaissance Technologies's 13F filing for Q4 2018, filed 13 Feb 2019.