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 |
Microsoft
MSFT
|
+$276M |
| 2 |
Procter & Gamble
PG
|
+$243M |
| 3 |
Analog Devices
ADI
|
+$188M |
| 4 |
Advanced Micro Devices
AMD
|
+$171M |
| 5 |
Home Depot
HD
|
+$162M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.95B |
| 2 |
Bristol-Myers Squibb
BMY
|
+$778M |
| 3 |
Walmart Inc
WMT
|
+$723M |
| 4 |
Zoom
ZM
|
+$642M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$573M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 22.93% |
| 2 | Technology | 16.65% |
| 3 | Consumer Staples | 12.19% |
| 4 | Consumer Discretionary | 9.52% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
676
Invitation Homes
INVH
$17.7B
| $22.9M | 0.02% |
816,383
-495,238
| -38% | -$14.1M |
|
677
IMAX
IMAX
$2.62B
| $22.8M | 0.02% |
1,910,400
+140,600
| +8% | +$1.82M |
|
678
Employers Holdings
EIG
$908M
| $22.8M | 0.02% |
754,443
-32,300
| -4% | -$1.02M |
|
679
AtriCure
ATRC
$1.92B
| $22.8M | 0.02% |
571,375
-102,100
| -15% | -$4.33M |
|
680
RadNet
RDNT
$5.02B
| $22.8M | 0.02% |
1,483,270
-84,800
| -5% | -$1.34M |
|
|
BCOV
681
DELISTED
Brightcove, Inc.
BCOV
| $22.7M | 0.02% |
2,216,151
-102,476
| -4% | -$1.02M |
|
682
UFP Technologies
UFPT
$1.97B
| $22.6M | 0.02% |
546,773
+11,100
| +2% | +$480K |
|
683
Tootsie Roll Industries
TR
$2.93B
| $22.6M | 0.02% |
873,443
+115,628
| +15% | +$3.09M |
|
684
Novavax
NVAX
$1.2B
| $22.6M | 0.02% |
+208,583
| New | +$25.4M |
|
685
Orthofix Medical
OFIX
$477M
| $22.5M | 0.02% |
722,769
+103,400
| +17% | +$3.21M |
|
686
Adtran
ADTN
$689M
| $22.5M | 0.02% |
2,190,243
+39,300
| +2% | +$445K |
|
687
Vishay Precision Group
VPG
$1.22B
| $22.4M | 0.02% |
886,574
+2,700
| +0.3% | +$67K |
|
688
Valero Energy
VLO
$90.1B
| $22.4M | 0.02% |
517,788
+422,100
| +441% | +$22.1M |
|
689
Yum! Brands
YUM
$41.8B
| $22.4M | 0.02% |
245,600
-123,500
| -33% | -$11.4M |
|
690
CVR Energy
CVI
$3.58B
| $22.4M | 0.02% |
1,807,384
-418,000
| -19% | -$7.09M |
|
691
American Financial Group
AFG
$11.8B
| $22.4M | 0.02% |
334,024
+11,024
| +3% | +$710K |
|
|
GMS
692
DELISTED
GMS Inc
GMS
| $22.3M | 0.02% |
925,993
-102,609
| -10% | -$2.51M |
|
693
Grupo Aeroportuario Centro Norte
OMAB
$5.16B
| $22.3M | 0.02% |
607,000
-98,200
| -14% | -$3.53M |
|
694
Omnicom Group
OMC
$21.6B
| $22.1M | 0.02% |
446,100
-391,100
| -47% | -$20.9M |
|
|
AD
695
Array Digital Infrastructure
AD
$3.01B
| $22M | 0.02% |
746,062
-5,100
| -0.7% | -$167K |
|
|
PRA
696
DELISTED
ProAssurance
PRA
| $22M | 0.02% |
1,406,600
+129,000
| +10% | +$1.92M |
|
697
American Homes 4 Rent
AMH
$12B
| $22M | 0.02% |
772,286
+354,500
| +85% | +$10M |
|
698
Sarepta Therapeutics
SRPT
$1.57B
| $22M | 0.02% |
156,578
-299,900
| -66% | -$45.6M |
|
699
FIVE9
FIVN
$2.11B
| $21.9M | 0.02% |
169,100
-308,892
| -65% | -$37.1M |
|
700
HealthStream
HSTM
$819M
| $21.8M | 0.02% |
1,086,600
+150,793
| +16% | +$3.2M |
|
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Renaissance Technologies's Q3 2020 Portfolio in Review
As of Q3 2020, Renaissance Technologies held 3,879 positions worth $100B, down 14% from $116B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Renaissance Technologies withdrew a net $21.7B in Q3 2020, closing 544 positions and reducing 1,671 holdings. Its most notable exit was Alibaba, an estimated $426M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, down from 23% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Renaissance Technologies opened a new position in Microsoft worth $277M.
- Renaissance Technologies's largest Q3 2020 buy was Microsoft: 1,315,812 shares worth $277M.
- Renaissance Technologies added most to Procter & Gamble in Q3 2020, an estimated $243M increase.
- Renaissance Technologies's biggest Q3 2020 reduction was Tesla, cutting an estimated $1.95B.
- Renaissance Technologies fully exited Alibaba in Q3 2020, selling an estimated $426M.
- Renaissance Technologies's ten largest holdings make up 15% of its $100B portfolio in Q3 2020.
- Renaissance Technologies opened 490 new positions and closed 544 in Q3 2020.
- Renaissance Technologies's portfolio value fell 14% quarter-over-quarter to $100B.
Based on Renaissance Technologies's 13F filing for Q3 2020, filed 13 Nov 2020.