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 | |
|---|---|---|---|---|---|---|---|
|
GIMO
326
DELISTED
Gigamon Inc.
GIMO
| $43.3M | 0.08% |
790,300
-469,300
| -37% | -$21.3M |
2014 Q3
8 quarters
|
|
|
TSS
327
DELISTED
Total System Services, Inc.
TSS
| $43.3M | 0.08% |
917,465
+519,800
| +131% | +$26.1M |
2016 Q2
1 quarter
|
|
|
VG
328
DELISTED
Vonage Holdings Corporation
VG
| $43.2M | 0.08% |
6,533,009
-894,791
| -12% | -$5.38M |
2013 Q2
13 quarters
|
|
329
Vale
VALE
$57.1B
| $43.1M | 0.08% |
7,829,700
-7,070,600
| -47% | -$38.8M |
2016 Q1
2 quarters
|
|
|
WOOF
330
DELISTED
VCA Inc.
WOOF
| $43M | 0.08% |
615,000
-238,400
| -28% | -$16.7M |
2013 Q2
13 quarters
|
|
|
TVTY
331
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $43M | 0.08% |
1,625,457
+686,657
| +73% | +$13.9M |
2014 Q4
7 quarters
|
|
332
PACCAR
PCAR
$57.7B
| $42.9M | 0.08% |
+1,094,667
| New | +$41.7M |
2016 Q3
0 quarters
|
|
333
Crown Holdings
CCK
$11.8B
| $42.8M | 0.08% |
749,700
+321,900
| +75% | +$17.3M |
2015 Q3
4 quarters
|
|
334
Telkom Indonesia
TLK
$12.7B
| $42.5M | 0.08% |
1,285,600
+113,400
| +10% | +$3.62M |
2014 Q4
7 quarters
|
|
|
DNB
335
DELISTED
Dun & Bradstreet
DNB
| $42.4M | 0.08% |
310,400
+6,000
| +2% | +$803K |
2013 Q3
12 quarters
|
|
336
Freeport-McMoran
FCX
$102B
| $42.4M | 0.07% |
3,900,871
+553,600
| +17% | +$6.37M |
2016 Q2
1 quarter
|
|
337
Stanley Black & Decker
SWK
$13.5B
| $42.4M | 0.07% |
344,462
-120,400
| -26% | -$14.5M |
2015 Q4
3 quarters
|
|
|
DOOR
338
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $42.3M | 0.07% |
680,900
-126,238
| -16% | -$8.47M |
2015 Q1
6 quarters
|
|
339
ArcelorMittal
MT
$46.1B
| $42.1M | 0.07% |
2,321,410
-2,009,393
| -46% | -$35.6M |
2015 Q1
6 quarters
|
|
340
AMC Global Media
AMCX
$451M
| $42M | 0.07% |
809,801
+82,301
| +11% | +$4.51M |
2016 Q1
2 quarters
|
|
341
Prologis
PLD
$123B
| $42M | 0.07% |
784,100
-40,371
| -5% | -$2.13M |
2015 Q4
3 quarters
|
|
|
AEPI
342
DELISTED
AEP Industries Inc
AEPI
| $42M | 0.07% |
383,746
+23,400
| +6% | +$2.2M |
2013 Q2
13 quarters
|
|
343
Cintas
CTAS
$80.4B
| $41.9M | 0.07% |
1,487,072
+1,428,000
| +2,417% | +$39.1M |
2016 Q2
1 quarter
|
|
344
NOV
NOV
$6.77B
| $41.9M | 0.07% |
1,139,210
-1,071,300
| -48% | -$36M |
2016 Q1
2 quarters
|
|
345
Wynn Resorts
WYNN
$7.75B
| $41.7M | 0.07% |
+428,100
| New | +$41.8M |
2016 Q3
0 quarters
|
|
346
Expedia Group
EXPE
$32.4B
| $41.6M | 0.07% |
+356,459
| New | +$40.3M |
2016 Q3
0 quarters
|
|
347
Microchip Technology
MCHP
$41B
| $41.6M | 0.07% |
1,337,456
+356,000
| +36% | +$10.4M |
2016 Q2
1 quarter
|
|
348
D.R. Horton
DHI
$38B
| $41.5M | 0.07% |
+1,374,438
| New | +$44.1M |
2016 Q3
0 quarters
|
|
|
GRA
349
DELISTED
W.R. Grace & Co.
GRA
| $41M | 0.07% |
555,800
+284,800
| +105% | +$21.5M |
2016 Q1
2 quarters
|
|
|
KSU
350
DELISTED
Kansas City Southern
KSU
| $41M | 0.07% |
438,900
+36,300
| +9% | +$3.44M |
2016 Q2
1 quarter
|
|
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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.