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 | |
|---|---|---|---|---|---|---|---|
401
AXIS Capital
AXS
$7.11B
| $36.1M | 0.06% |
665,100
+175,800
| +36% | +$9.7M |
2014 Q2
9 quarters
|
|
402
Gibraltar Industries
ROCK
$1.11B
| $36.1M | 0.06% |
971,100
+67,747
| +7% | +$2.48M |
2013 Q2
13 quarters
|
|
403
Urban Outfitters
URBN
$6.94B
| $36M | 0.06% |
1,042,900
-206,200
| -17% | -$6.76M |
2015 Q3
4 quarters
|
|
404
US Physical Therapy
USPH
$1.25B
| $36M | 0.06% |
573,654
-1,520
| -0.3% | -$93.7K |
2013 Q2
13 quarters
|
|
405
J.M. Smucker
SJM
$12.8B
| $35.9M | 0.06% |
265,103
+120,900
| +84% | +$17.7M |
2015 Q3
4 quarters
|
|
406
Grupo Aeroportuario del Pacifico
PAC
$11.7B
| $35.9M | 0.06% |
378,100
+200
| +0.1% | +$19.9K |
2013 Q2
13 quarters
|
|
|
GHL
407
DELISTED
Greenhill & Co., Inc.
GHL
| $35.9M | 0.06% |
1,521,800
+19,900
| +1% | +$416K |
2014 Q3
8 quarters
|
|
|
RIC
408
DELISTED
Richmont Mines Inc.
RIC
| $35.9M | 0.06% |
3,569,100
+164,300
| +5% | +$1.64M |
2013 Q2
13 quarters
|
|
409
Medifast
MED
$128M
| $35.8M | 0.06% |
947,200
-6,400
| -0.7% | -$229K |
2013 Q2
13 quarters
|
|
|
PPL
410
PPL Corp
PPL
$25.7B
| $35.8M | 0.06% |
1,035,300
+766,800
| +286% | +$27.6M |
2015 Q3
4 quarters
|
|
411
Zimmer Biomet
ZBH
$17B
| $35.6M | 0.06% |
282,323
-128,441
| -31% | -$15.9M |
2014 Q1
10 quarters
|
|
412
Constellation Brands
STZ
$21.1B
| $35.6M | 0.06% |
213,900
-234,700
| -52% | -$38.7M |
2016 Q2
1 quarter
|
|
413
Itron
ITRI
$3.69B
| $35.4M | 0.06% |
635,061
+6,659
| +1% | +$319K |
2014 Q3
8 quarters
|
|
414
Nasdaq
NDAQ
$51.6B
| $35.4M | 0.06% |
1,572,000
+1,013,700
| +182% | +$23.4M |
2016 Q2
1 quarter
|
|
415
Hubbell
HUBB
$25.1B
| $35M | 0.06% |
324,600
+63,700
| +24% | +$6.77M |
2015 Q4
3 quarters
|
|
|
EVER
416
DELISTED
Everbank Financial Corp
EVER
| $34.8M | 0.06% |
1,798,800
+779,700
| +77% | +$14.1M |
2014 Q3
8 quarters
|
|
417
Steel Dynamics
STLD
$33.6B
| $34.8M | 0.06% |
1,392,300
-810,300
| -37% | -$20.7M |
2016 Q1
2 quarters
|
|
418
ConocoPhillips
COP
$161B
| $34.7M | 0.06% |
797,513
+551,000
| +224% | +$22.9M |
2016 Q2
1 quarter
|
|
419
Ubiquiti
UI
$38.8B
| $34.3M | 0.06% |
640,800
+130,600
| +26% | +$6.27M |
2016 Q1
2 quarters
|
|
|
NGD
420
DELISTED
New Gold Inc
NGD
| $34.3M | 0.06% |
7,874,800
-194,300
| -2% | -$969K |
2015 Q2
5 quarters
|
|
421
PG&E
PCG
$38B
| $34.2M | 0.06% |
559,500
-177,700
| -24% | -$11.3M |
2015 Q3
4 quarters
|
|
422
Diageo
DEO
$48.4B
| $34.1M | 0.06% |
293,800
+176,200
| +150% | +$20.1M |
2014 Q2
9 quarters
|
|
423
Public Service Enterprise Group
PEG
$35.8B
| $34M | 0.06% |
812,800
+403,800
| +99% | +$17.8M |
2016 Q2
1 quarter
|
|
424
Shenandoah Telecom
SHEN
$638M
| $34M | 0.06% |
1,248,100
+201,100
| +19% | +$6.46M |
2013 Q2
13 quarters
|
|
425
Telecom Argentina
TEO
$5.51B
| $33.9M | 0.06% |
1,853,410
-189,590
| -9% | -$3.51M |
2013 Q2
13 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.