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 | |
|---|---|---|---|---|---|---|---|
251
Cogent Communications
CCOI
$490M
| $54.4M | 0.1% |
1,479,100
-57,200
| -4% | -$2.21M |
2013 Q2
13 quarters
|
|
252
Etsy
ETSY
$6.9B
| $54.2M | 0.1% |
3,795,700
+1,572,100
| +71% | +$19.9M |
2015 Q4
3 quarters
|
|
253
Dominion Energy
D
$54.3B
| $53.9M | 0.1% |
725,500
+243,200
| +50% | +$18.5M |
2014 Q1
10 quarters
|
|
254
Valmont Industries
VMI
$9.05B
| $53.9M | 0.1% |
400,200
+6,200
| +2% | +$817K |
2014 Q3
8 quarters
|
|
|
RHT
255
DELISTED
Red Hat Inc
RHT
| $53.9M | 0.1% |
666,265
+231,600
| +53% | +$17.2M |
2016 Q2
1 quarter
|
|
256
Logitech
LOGI
$14.5B
| $53.5M | 0.09% |
2,384,442
+317,900
| +15% | +$6.38M |
2014 Q1
10 quarters
|
|
257
DuPont de Nemours
DD
$17.9B
| $53.1M | 0.09% |
404,437
+395,908
| +4,642% | +$52.8M |
2015 Q1
6 quarters
|
|
258
L3Harris
LHX
$44.1B
| $52.5M | 0.09% |
+573,059
| New | +$50.9M |
2016 Q3
0 quarters
|
|
|
PDM
259
Piedmont Realty Trust
PDM
$1.14B
| $52.5M | 0.09% |
2,409,600
-611,700
| -20% | -$13.1M |
2014 Q3
8 quarters
|
|
260
Healthpeak Properties
DOC
$12.8B
| $52.3M | 0.09% |
1,512,166
+164,591
| +12% | +$5.76M |
2013 Q2
13 quarters
|
|
|
RPAI
261
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $52.2M | 0.09% |
3,107,200
-28,383
| -0.9% | -$483K |
2014 Q3
8 quarters
|
|
|
AHL
262
DELISTED
ASPEN Insurance Holding Limited
AHL
| $51.9M | 0.09% |
1,113,616
+246,416
| +28% | +$11.2M |
2013 Q2
13 quarters
|
|
263
Everest Group
EG
$14.3B
| $51.4M | 0.09% |
270,700
+20,200
| +8% | +$3.8M |
2015 Q3
4 quarters
|
|
264
Loews
L
$22B
| $51.2M | 0.09% |
1,244,300
-139,300
| -10% | -$5.72M |
2015 Q2
5 quarters
|
|
265
Newmont
NEM
$122B
| $51M | 0.09% |
1,299,300
+826,300
| +175% | +$34.3M |
2016 Q2
1 quarter
|
|
|
ETP
266
DELISTED
Energy Transfer Partners L.p.
ETP
| $51M | 0.09% |
+1,378,431
| New | +$54.2M |
2016 Q3
0 quarters
|
|
|
CHS
267
DELISTED
Chicos FAS, Inc.
CHS
| $51M | 0.09% |
4,285,300
+183,895
| +4% | +$2.17M |
2013 Q2
13 quarters
|
|
268
Philips
PHG
$23.8B
| $51M | 0.09% |
2,326,801
+860,470
| +59% | +$17.6M |
2015 Q4
3 quarters
|
|
|
PINC
269
DELISTED
Premier
PINC
| $51M | 0.09% |
1,575,700
+738,800
| +88% | +$23.9M |
2015 Q1
6 quarters
|
|
|
MRSH
270
Marsh
MRSH
$84.3B
| $50.7M | 0.09% |
+754,500
| New | +$50.5M |
2016 Q3
0 quarters
|
|
|
CVA
271
DELISTED
Covanta Holding Corporation
CVA
| $50.6M | 0.09% |
3,289,400
+367,084
| +13% | +$5.71M |
2014 Q2
9 quarters
|
|
272
Dick's Sporting Goods
DKS
$13.3B
| $50.3M | 0.09% |
886,400
+249,100
| +39% | +$13.7M |
2015 Q2
5 quarters
|
|
273
Keurig Dr Pepper
KDP
$42.5B
| $50.2M | 0.09% |
549,400
-233,000
| -30% | -$22.1M |
2016 Q1
2 quarters
|
|
274
Sony
SONY
$140B
| $49.9M | 0.09% |
7,520,000
-1,017,500
| -12% | -$6.52M |
2013 Q2
13 quarters
|
|
275
Monster Beverage
MNST
$85.5B
| $49.8M | 0.09% |
4,068,000
+1,810,800
| +80% | +$23.5M |
2014 Q1
10 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.