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 |
Pfizer
PFE
|
+$230M |
| 2 |
Johnson & Johnson
JNJ
|
+$205M |
| 3 |
Bank of America
BAC
|
+$163M |
| 4 |
Costco
COST
|
+$162M |
| 5 |
GSK
GSK
|
+$131M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$396M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$219M |
| 3 |
GE Aerospace
GE
|
+$156M |
| 4 |
Walt Disney
DIS
|
+$154M |
| 5 |
Amazon
AMZN
|
+$138M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.36% |
| 2 | Healthcare | 13.06% |
| 3 | Consumer Discretionary | 12.03% |
| 4 | Consumer Staples | 11.17% |
| 5 | Industrials | 10.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2851
Cathay General Bancorp
CATY
$4.23B
| – | – |
-60,171
| Closed | -$1.41M |
|
2852
Community Bank
CBU
$3.39B
| – | – |
-7,600
| Closed | -$259K |
|
2853
Cadence Design Systems
CDNS
$91.6B
| – | – |
-1,816,999
| Closed | -$24.5M |
|
2854
Carlyle Group
CG
$16.1B
| – | – |
-52,000
| Closed | -$1.34M |
|
2855
Cognex
CGNX
$9.62B
| – | – |
-41,800
| Closed | -$654K |
|
2856
Chefs' Warehouse
CHEF
$4.31B
| – | – |
-47,400
| Closed | -$1.09M |
|
2857
Check Point Software Technologies
CHKP
$14.3B
| – | – |
-33,108
| Closed | -$1.87M |
|
2858
Grupo Cibest SA
CIB
$21.2B
| – | – |
-149,600
| Closed | -$8.61M |
|
2859
Ciena
CIEN
$46.8B
| – | – |
-1,668,505
| Closed | -$41.7M |
|
2860
Clean Harbors
CLH
$17.2B
| – | – |
-154,402
| Closed | -$9.06M |
|
2861
Cummins
CMI
$83.6B
| – | – |
-96,600
| Closed | -$12.8M |
|
2862
CONMED
CNMD
$1.3B
| – | – |
-74,181
| Closed | -$2.52M |
|
2863
Canadian Natural Resources
CNQ
$96.9B
| – | – |
-1,279,396
| Closed | -$19.4M |
|
2864
Cohen & Steers
CNS
$4.2B
| – | – |
-14,600
| Closed | -$516K |
|
2865
Capital One
COF
$128B
| – | – |
-176,199
| Closed | -$12.1M |
|
2866
Cencora
COR
$62B
| – | – |
-470,000
| Closed | -$28.7M |
|
|
CPRX
2867
DELISTED
Catalyst Pharmaceutical
CPRX
| – | – |
-138,500
| Closed | -$422K |
|
2868
Comstock Resources
CRK
$3.7B
| – | – |
-40,420
| Closed | -$3.21M |
|
2869
Salesforce
CRM
$154B
| – | – |
-1,362,100
| Closed | -$70.7M |
|
2870
Cisco
CSCO
$443B
| – | – |
-515,505
| Closed | -$12.1M |
|
2871
CVB Financial
CVBF
$4.02B
| – | – |
-12,594
| Closed | -$170K |
|
2872
Commercial Vehicle Group
CVGI
$147M
| – | – |
-45,000
| Closed | -$358K |
|
2873
CVR Energy
CVI
$3.48B
| – | – |
-304,600
| Closed | -$11.7M |
|
2874
CVS Health
CVS
$135B
| – | – |
-480,305
| Closed | -$27.3M |
|
2875
CoreCivic
CXW
$2.94B
| – | – |
-495,303
| Closed | -$17.1M |
|
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Renaissance Technologies's Q4 2013 Portfolio in Review
As of Q4 2013, Renaissance Technologies held 3,281 positions worth $41.8B, up 1.3% from $41.2B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Renaissance Technologies withdrew a net $2.31B in Q4 2013, closing 464 positions and reducing 983 holdings. Its most notable exit was GE Aerospace, an estimated $156M position sold in full.
By sector, the portfolio is most concentrated in Technology at 14% of assets, up from 14% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Renaissance Technologies opened a new position in Pfizer worth $230M.
- Renaissance Technologies's largest Q4 2013 buy was Pfizer: 7,904,832 shares worth $230M.
- Renaissance Technologies added most to Johnson & Johnson in Q4 2013, an estimated $205M increase.
- Renaissance Technologies's biggest Q4 2013 reduction was IBM, cutting an estimated $396M.
- Renaissance Technologies fully exited GE Aerospace in Q4 2013, selling an estimated $156M.
- Renaissance Technologies's ten largest holdings make up 11% of its $41.8B portfolio in Q4 2013.
- Renaissance Technologies opened 498 new positions and closed 464 in Q4 2013.
- Renaissance Technologies's portfolio value rose 1.3% quarter-over-quarter to $41.8B.
Based on Renaissance Technologies's 13F filing for Q4 2013, filed 14 Feb 2014.