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 | 16.75% |
| 2 | Healthcare | 13.12% |
| 3 | Financials | 12.46% |
| 4 | Consumer Staples | 9.7% |
| 5 | Industrials | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
ZNGA
226
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $57.5M | 0.1% |
19,767,600
+2,209,600
| +13% | +$6.16M |
2015 Q2
5 quarters
|
|
227
WIX.com
WIX
$3.1B
| $57.5M | 0.1% |
1,323,526
+120,126
| +10% | +$4.58M |
2015 Q1
6 quarters
|
|
228
Air Products & Chemicals
APD
$62B
| $57.1M | 0.1% |
+410,564
| New | +$56.9M |
2016 Q3
0 quarters
|
|
229
Cisco
CSCO
$453B
| $57M | 0.1% |
1,797,305
+1,126,705
| +168% | +$34.7M |
2016 Q2
1 quarter
|
|
230
Marriott International
MAR
$94.2B
| $56.8M | 0.1% |
844,116
+550,918
| +188% | +$38.8M |
2015 Q4
3 quarters
|
|
231
Shopify
SHOP
$212B
| $56.8M | 0.1% |
13,226,080
+10,706,080
| +425% | +$40.9M |
2015 Q3
4 quarters
|
|
|
K
232
DELISTED
Kellanova
K
| $56.7M | 0.1% |
779,367
+221,626
| +40% | +$17M |
2016 Q1
2 quarters
|
|
233
RTX Corp
RTX
$248B
| $56.7M | 0.1% |
886,503
-167,322
| -16% | -$11.1M |
2015 Q4
3 quarters
|
|
234
Pilgrim's Pride
PPC
$6.79B
| $56.3M | 0.1% |
2,664,713
+1,126,113
| +73% | +$26.1M |
2013 Q4
11 quarters
|
|
235
CorVel
CRVL
$3.86B
| $56.1M | 0.1% |
4,381,500
+135,900
| +3% | +$1.88M |
2013 Q2
13 quarters
|
|
236
Papa John's
PZZA
$641M
| $56M | 0.1% |
710,300
-107,900
| -13% | -$8.05M |
2013 Q2
13 quarters
|
|
|
PRMW
237
DELISTED
Primo Water Corporation
PRMW
| $56M | 0.1% |
3,929,600
+300,900
| +8% | +$4.61M |
2013 Q2
13 quarters
|
|
|
EQC
238
DELISTED
Equity Commonwealth
EQC
| $55.9M | 0.1% |
1,848,175
+136,900
| +8% | +$4.13M |
2013 Q2
13 quarters
|
|
239
M&T Bank
MTB
$31.4B
| $55.8M | 0.1% |
480,970
+51,000
| +12% | +$5.93M |
2013 Q2
13 quarters
|
|
|
CPLA
240
DELISTED
Capella Education Company
CPLA
| $55.7M | 0.1% |
959,525
-10,300
| -1% | -$601K |
2013 Q2
13 quarters
|
|
|
SBNY
241
DELISTED
Signature Bank
SBNY
| $55.6M | 0.1% |
469,174
+364,500
| +348% | +$43.9M |
2013 Q2
13 quarters
|
|
|
AMWD
242
DELISTED
American Woodmark
AMWD
| $55.4M | 0.1% |
687,601
-20,100
| -3% | -$1.57M |
2013 Q2
13 quarters
|
|
243
COPT Defense Properties
CDP
$3.8B
| $55.3M | 0.1% |
1,952,300
+875,000
| +81% | +$25.3M |
2014 Q4
7 quarters
|
|
244
Argan
AGX
$5.59B
| $55.3M | 0.1% |
934,300
+181,700
| +24% | +$8.91M |
2013 Q2
13 quarters
|
|
245
Sherwin-Williams
SHW
$77.9B
| $55.2M | 0.1% |
599,100
-143,400
| -19% | -$13.9M |
2013 Q2
13 quarters
|
|
246
Synchrony
SYF
$24B
| $55.2M | 0.1% |
+1,972,700
| New | +$54.2M |
2016 Q3
0 quarters
|
|
247
Automatic Data Processing
ADP
$107B
| $54.9M | 0.1% |
622,800
-36,200
| -5% | -$3.28M |
2016 Q2
1 quarter
|
|
|
PCH
248
DELISTED
PotlatchDeltic
PCH
| $54.9M | 0.1% |
1,412,100
+196,200
| +16% | +$7.37M |
2013 Q2
13 quarters
|
|
249
Dollar Tree
DLTR
$22.3B
| $54.7M | 0.1% |
693,503
-32,800
| -5% | -$2.95M |
2016 Q1
2 quarters
|
|
|
DISH
250
DELISTED
DISH Network Corp.
DISH
| $54.6M | 0.1% |
995,979
-19,400
| -2% | -$1M |
2013 Q4
11 quarters
|
|
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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 413 new positions and adding to 1,833 existing holdings. Its largest new stake was FedEx: 811,400 shares worth $142M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% 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 413 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.