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 | |
|---|---|---|---|---|---|---|---|
3351
Customers Bancorp
CUBI
$2.52B
| – | – |
-78,300
| Closed | -$1.97M | – |
|
3352
CVR Energy
CVI
$5.99B
| – | – |
-17,300
| Closed | -$268K | – |
|
3353
CPI Aerostructures
CVU
$67.6M
| – | – |
-10,300
| Closed | -$63K | – |
|
3354
Chevron
CVX
$415B
| – | – |
-996,784
| Closed | -$104M | – |
|
3355
Curtiss-Wright
CW
$18.7B
| – | – |
-33,000
| Closed | -$2.78M | – |
|
3356
Dana Inc
DAN
$3.12B
| – | – |
-386,800
| Closed | -$4.08M | – |
|
3357
Dillards
DDS
$10.1B
| – | – |
-54,000
| Closed | -$3.27M | – |
|
|
DEA
3358
Easterly Government Properties
DEA
$1.1B
| – | – |
-44,040
| Closed | -$2.17M | – |
|
3359
Deckers Outdoor
DECK
$11.2B
| – | – |
-883,800
| Closed | -$8.47M | – |
|
3360
Daily Journal
DJCO
$884M
| – | – |
-900
| Closed | -$213K | – |
|
3361
DexCom
DXCM
$31.9B
| – | – |
-1,367,224
| Closed | -$27.1M | – |
|
3362
ENI
E
$79.6B
| – | – |
-144,050
| Closed | -$4.66M | – |
|
3363
Eastman Chemical
EMN
$7.29B
| – | – |
-147,740
| Closed | -$10M | – |
|
3364
The Ensign Group
ENSG
$9.99B
| – | – |
-84,237
| Closed | -$1.66M | – |
|
3365
EPAM Systems
EPAM
$5.87B
| – | – |
-19,700
| Closed | -$1.27M | – |
|
|
VMRK
3366
Vivmark Residential
VMRK
$46.4B
| – | – |
-53,400
| Closed | -$3.68M | – |
|
3367
ESCO Technologies
ESE
$6.58B
| – | – |
-48,700
| Closed | -$1.95M | – |
|
3368
iShares MSCI Mexico ETF
EWW
$1.49B
| – | – |
-26,500
| Closed | -$1.33M | – |
|
3369
iShares MSCI Brazil ETF
EWZ
$9.96B
| – | – |
-189,100
| Closed | -$5.71M | – |
|
3370
Extra Space Storage
EXR
$28.1B
| – | – |
-75,300
| Closed | -$6.97M | – |
|
3371
Diamondback Energy
FANG
$53.7B
| – | – |
-12,900
| Closed | -$1.18M | – |
|
3372
Franklin Electric
FELE
$4.28B
| – | – |
-8,589
| Closed | -$284K | – |
|
|
FFWM
3373
DELISTED
First Foundation Inc
FFWM
| – | – |
-63,600
| Closed | -$684K | – |
|
|
FITB
3374
Fifth Third Bancorp
FITB
$46B
| – | – |
-1,494,026
| Closed | -$26.3M | – |
|
|
FL
3375
DELISTED
Foot Locker
FL
| – | – |
-211,400
| Closed | -$11.6M | – |
|
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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.