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 |
Costco
COST
|
+$616M |
| 2 |
Netflix
NFLX
|
+$481M |
| 3 |
Micron Technology
MU
|
+$416M |
| 4 |
Tesla
TSLA
|
+$416M |
| 5 |
Procter & Gamble
PG
|
+$322M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$885M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$660M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$463M |
| 4 |
Applovin
APP
|
+$430M |
| 5 |
Meta Platforms (Facebook)
META
|
+$354M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.84% |
| 2 | Healthcare | 15.76% |
| 3 | Consumer Discretionary | 13.86% |
| 4 | Industrials | 9.95% |
| 5 | Financials | 8.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
2476
Pulmonx
LUNG
$77.7M
| $645K | ﹤0.01% |
292,000
-40,810
| -12% | -$76.7K |
2022 Q4
12 quarters
|
|
2477
US GoldMining
USGO
$87M
| $645K | ﹤0.01% |
73,100
+43,700
| +149% | +$480K |
2025 Q3
1 quarter
|
|
2478
DELISTED
TruBridge
TBRG
| $644K | ﹤0.01% |
29,176
-120,475
| -81% | -$2.52M |
2025 Q2
2 quarters
|
|
2479
Phoenix Education Partners
PXED
$938M
| $642K | ﹤0.01% |
+21,200
| New | +$710K |
2025 Q4
0 quarters
|
|
2480
Research Solutions
RSSS
$67.9M
| $642K | ﹤0.01% |
218,200
+11,756
| +6% | +$36.7K |
2021 Q2
18 quarters
|
|
2481
Global X MSCI Argentina ETF
ARGT
$712M
| $631K | ﹤0.01% |
+6,900
| New | +$589K |
2025 Q4
0 quarters
|
|
2482
Shopify
SHOP
$224B
| $629K | ﹤0.01% |
+3,904
| New | +$627K |
2025 Q4
0 quarters
|
|
2483
Orchestra BioMed
OBIO
$353M
| $628K | ﹤0.01% |
151,300
-229,208
| -60% | -$925K |
2025 Q2
2 quarters
|
|
2484
State Street SPDR S&P Aerospace & Defense ETF
XAR
$5.54B
| $627K | ﹤0.01% |
2,600
+1,200
| +86% | +$285K |
2025 Q3
1 quarter
|
|
2485
Burning Rock Biotech
BNR
$163M
| $627K | ﹤0.01% |
31,117
-600
| -2% | -$8.76K |
2021 Q3
17 quarters
|
|
2486
Olema Pharmaceuticals
OLMA
$680M
| $627K | ﹤0.01% |
25,067
-65,033
| -72% | -$1.16M |
2024 Q2
6 quarters
|
|
2487
Youdao
DAO
$2.12B
| $625K | ﹤0.01% |
62,000
-6,700
| -10% | -$66.9K |
2022 Q2
14 quarters
|
|
2488
American Vanguard Corp
AVD
$49M
| $625K | ﹤0.01% |
163,500
+78,600
| +93% | +$367K |
2023 Q1
11 quarters
|
|
2489
Chiron Real Estate Inc
XRN
$448M
| $624K | ﹤0.01% |
18,497
-39,500
| -68% | -$1.29M |
2017 Q4
32 quarters
|
|
2490
Cineverse
CNVS
$45.9M
| $622K | ﹤0.01% |
294,947
-165,771
| -36% | -$449K |
2024 Q2
6 quarters
|
|
2491
iShares Core US REIT ETF
USRT
$4.19B
| $615K | ﹤0.01% |
+10,799
| New | +$625K |
2025 Q4
0 quarters
|
|
2492
Triple Flag Precious Metals
TFPM
$6.33B
| $615K | ﹤0.01% |
18,500
-105,000
| -85% | -$3.28M |
2022 Q3
13 quarters
|
|
2493
Viomi Technology
VIOT
$115M
| $614K | ﹤0.01% |
333,864
-43,892
| -12% | -$116K |
2019 Q3
25 quarters
|
|
2494
Network-1 Technologies
NTIP
$35.9M
| $613K | ﹤0.01% |
467,844
-27,987
| -6% | -$40.6K |
2016 Q2
38 quarters
|
|
2495
Baozun
BZUN
$195M
| $612K | ﹤0.01% |
230,244
+35,228
| +18% | +$111K |
2022 Q1
15 quarters
|
|
2496
Abeona Therapeutics
ABEO
$282M
| $612K | ﹤0.01% |
116,200
-410,237
| -78% | -$2.07M |
2021 Q3
17 quarters
|
|
2497
SB Financial Group
SBFG
$182M
| $611K | ﹤0.01% |
27,425
-8,100
| -23% | -$168K |
2025 Q2
2 quarters
|
|
2498
Greenfire Resources
GFR
$1.54B
| $611K | ﹤0.01% |
128,300
+17,600
| +16% | +$83.6K |
2024 Q2
6 quarters
|
|
2499
Paysafe
PSFE
$302M
| $611K | ﹤0.01% |
75,489
-78,000
| -51% | -$756K |
2021 Q4
16 quarters
|
|
2500
Beazer Homes USA
BZH
$892M
| $611K | ﹤0.01% |
30,128
-38,400
| -56% | -$854K |
2025 Q3
1 quarter
|
|
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Renaissance Technologies's Q4 2025 Portfolio in Review
As of Q4 2025, Renaissance Technologies held 3,923 positions worth $64.5B, down 15% from $75.8B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Renaissance Technologies withdrew a net $10.1B in Q4 2025, closing 736 positions and reducing 1,682 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $354M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Renaissance Technologies opened a new position in ServiceNow worth $204M.
- Renaissance Technologies's largest Q4 2025 buy was ServiceNow: 1,331,977 shares worth $204M.
- Renaissance Technologies added most to Costco in Q4 2025, an estimated $616M increase.
- Renaissance Technologies's biggest Q4 2025 reduction was NVIDIA, cutting an estimated $885M.
- Renaissance Technologies fully exited Meta Platforms (Facebook) in Q4 2025, selling an estimated $354M.
- Renaissance Technologies's ten largest holdings make up 12% of its $64.5B portfolio in Q4 2025.
- Renaissance Technologies opened 466 new positions and closed 736 in Q4 2025.
- Renaissance Technologies's portfolio value fell 15% quarter-over-quarter to $64.5B.
Based on Renaissance Technologies's 13F filing for Q4 2025, filed 12 Feb 2026.