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 | |
|---|---|---|---|---|---|---|---|
276
SL Green Realty
SLG
$3.47B
| $49.7M | 0.09% |
474,609
+382,319
| +414% | +$42M |
2015 Q3
4 quarters
|
|
|
BNCL
277
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $49.3M | 0.09% |
3,352,970
-23,000
| -0.7% | -$326K |
2013 Q2
13 quarters
|
|
278
Morningstar
MORN
$7.61B
| $49M | 0.09% |
618,100
+2,300
| +0.4% | +$189K |
2013 Q2
13 quarters
|
|
|
AVP
279
DELISTED
Avon Products, Inc.
AVP
| $48.9M | 0.09% |
8,635,800
+3,083,321
| +56% | +$15.4M |
2015 Q4
3 quarters
|
|
|
ELNK
280
DELISTED
EarthLink Holdings Corp.
ELNK
| $48.6M | 0.09% |
7,840,200
+61,300
| +0.8% | +$397K |
2013 Q2
13 quarters
|
|
|
VAL
281
DELISTED
Valspar
VAL
| $48.3M | 0.09% |
455,500
+195,000
| +75% | +$20.7M |
2015 Q4
3 quarters
|
|
282
Rayonier
RYN
$5.53B
| $48.3M | 0.09% |
2,004,181
+192,229
| +11% | +$4.69M |
2013 Q2
13 quarters
|
|
283
KeyCorp
KEY
$21.4B
| $48.3M | 0.09% |
3,964,923
-611,440
| -13% | -$7.32M |
2016 Q1
2 quarters
|
|
|
N
284
DELISTED
Netsuite Inc
N
| $48.1M | 0.09% |
+434,800
| New | +$43.8M |
2016 Q3
0 quarters
|
|
|
MJN
285
DELISTED
Mead Johnson Nutrition Company
MJN
| $48M | 0.08% |
607,900
+328,100
| +117% | +$28M |
2016 Q2
1 quarter
|
|
|
PNY
286
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $48M | 0.08% |
799,900
-232,700
| -23% | -$13.9M |
2013 Q4
11 quarters
|
|
287
Adobe
ADBE
$95.8B
| $47.9M | 0.08% |
441,333
+97,100
| +28% | +$9.74M |
2016 Q2
1 quarter
|
|
288
Enterprise Products Partners
EPD
$79.4B
| $47.5M | 0.08% |
+1,719,249
| New | +$47.5M |
2016 Q3
0 quarters
|
|
289
Ralph Lauren
RL
$21.9B
| $47.4M | 0.08% |
468,900
-259,400
| -36% | -$26M |
2015 Q1
6 quarters
|
|
290
Xcel Energy
XEL
$45.8B
| $47.4M | 0.08% |
1,152,100
+1,138,900
| +8,628% | +$48.7M |
2016 Q1
2 quarters
|
|
291
Nucor
NUE
$55.8B
| $47.4M | 0.08% |
957,700
+25,900
| +3% | +$1.32M |
2015 Q4
3 quarters
|
|
292
Viavi Solutions
VIAV
$10.8B
| $47.4M | 0.08% |
6,407,788
+2,106,500
| +49% | +$15.4M |
2015 Q2
5 quarters
|
|
293
Tanger
SKT
$3.98B
| $47.3M | 0.08% |
1,215,000
-351,200
| -22% | -$14.2M |
2014 Q2
9 quarters
|
|
294
Cemex
CX
$13.8B
| $47.3M | 0.08% |
6,195,333
+1,923,272
| +45% | +$14.2M |
2016 Q2
1 quarter
|
|
295
RenaissanceRe
RNR
$13.8B
| $47.2M | 0.08% |
392,597
+3,782
| +1% | +$446K |
2014 Q4
7 quarters
|
|
296
Parker-Hannifin
PH
$119B
| $46.8M | 0.08% |
+372,550
| New | +$44.4M |
2016 Q3
0 quarters
|
|
|
VVC
297
DELISTED
Vectren Corporation
VVC
| $46.7M | 0.08% |
929,800
+79,800
| +9% | +$4.04M |
2013 Q2
13 quarters
|
|
298
Fortinet
FTNT
$139B
| $46.6M | 0.08% |
6,307,500
+2,785,500
| +79% | +$19.5M |
2015 Q3
4 quarters
|
|
299
Vail Resorts
MTN
$5.21B
| $46.4M | 0.08% |
295,500
+229,600
| +348% | +$35M |
2016 Q2
1 quarter
|
|
|
BEAV
300
DELISTED
B/E Aerospace Inc
BEAV
| $46.3M | 0.08% |
895,806
+548,200
| +158% | +$26.5M |
2015 Q4
3 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.