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 | |
|---|---|---|---|---|---|---|---|
551
Teradyne
TER
$62.3B
| $26.5M | 0.05% |
1,227,300
+941,100
| +329% | +$19.4M |
2015 Q4
3 quarters
|
|
|
SPR
552
DELISTED
Spirit AeroSystems
SPR
| $26.4M | 0.05% |
593,500
+168,400
| +40% | +$7.44M |
2013 Q2
13 quarters
|
|
553
LyondellBasell Industries
LYB
$19.5B
| $26.4M | 0.05% |
327,200
+282,700
| +635% | +$21.8M |
2016 Q2
1 quarter
|
|
|
GOOD
554
Gladstone Commercial Corp
GOOD
$615M
| $26.4M | 0.05% |
1,415,547
+290,747
| +26% | +$5.23M |
2014 Q1
10 quarters
|
|
555
Perrigo
PRGO
$2.01B
| $26.3M | 0.05% |
+285,308
| New | +$26.3M |
2016 Q3
0 quarters
|
|
556
PENN Entertainment
PENN
$2.11B
| $26.3M | 0.05% |
1,938,000
-491,600
| -20% | -$6.92M |
2014 Q4
7 quarters
|
|
|
CADE
557
DELISTED
Cadence Bank
CADE
| $26.3M | 0.05% |
1,131,900
+95,500
| +9% | +$2.27M |
2014 Q1
10 quarters
|
|
558
ATN International
ATNI
$438M
| $26.3M | 0.05% |
403,701
+53,701
| +15% | +$3.78M |
2016 Q2
1 quarter
|
|
|
EXK
559
Endeavour Silver
EXK
$2.54B
| $25.9M | 0.05% |
5,046,200
+952,400
| +23% | +$4.76M |
2013 Q2
13 quarters
|
|
|
KYO
560
DELISTED
Kyocera Adr
KYO
| $25.9M | 0.05% |
537,800
-100
| -0% | -$4.81K |
2013 Q2
13 quarters
|
|
|
SRDX
561
DELISTED
Surmodics
SRDX
| $25.9M | 0.05% |
860,138
+9,600
| +1% | +$264K |
2013 Q2
13 quarters
|
|
|
SPPI
562
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $25.9M | 0.05% |
5,541,957
+983,840
| +22% | +$5.83M |
2014 Q4
7 quarters
|
|
563
Essential Utilities
WTRG
$11B
| $25.9M | 0.05% |
848,217
+75,700
| +10% | +$2.45M |
2013 Q2
13 quarters
|
|
564
ScottsMiracle-Gro
SMG
$2.94B
| $25.8M | 0.05% |
310,400
+75,300
| +32% | +$5.94M |
2015 Q2
5 quarters
|
|
|
BUFF
565
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $25.8M | 0.05% |
1,087,600
+816,400
| +301% | +$20.7M |
2016 Q2
1 quarter
|
|
566
KBR
KBR
$4.44B
| $25.8M | 0.05% |
1,707,275
-226,625
| -12% | -$3.33M |
2015 Q1
6 quarters
|
|
|
CARB
567
DELISTED
Carbonite Inc
CARB
| $25.8M | 0.05% |
1,679,900
+256,200
| +18% | +$3.25M |
2013 Q2
13 quarters
|
|
568
BJ's Restaurants
BJRI
$1.27B
| $25.7M | 0.05% |
722,929
+187,100
| +35% | +$7.53M |
2014 Q4
7 quarters
|
|
569
Kaiser Aluminum
KALU
$2.45B
| $25.6M | 0.05% |
296,300
-75,800
| -20% | -$6.51M |
2014 Q3
8 quarters
|
|
570
Axalta
AXTA
$7.02B
| $25.6M | 0.05% |
904,900
-595,000
| -40% | -$16.7M |
2016 Q1
2 quarters
|
|
|
FLIR
571
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $25.5M | 0.05% |
812,960
+329,760
| +68% | +$10.4M |
2014 Q3
8 quarters
|
|
|
RPXC
572
DELISTED
RPX Corporation
RPXC
| $25.4M | 0.05% |
2,380,600
+330,200
| +16% | +$3.41M |
2013 Q2
13 quarters
|
|
573
Ormat Technologies
ORA
$5.45B
| $25.4M | 0.04% |
523,900
+72,757
| +16% | +$3.44M |
2013 Q2
13 quarters
|
|
574
PPG Industries
PPG
$23.4B
| $25.4M | 0.04% |
245,300
-295,100
| -55% | -$31M |
2015 Q1
6 quarters
|
|
|
BERY
575
DELISTED
Berry Global Group, Inc.
BERY
| $25.3M | 0.04% |
629,224
+470,557
| +297% | +$18.5M |
2014 Q1
10 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.