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 |
Costco
COST
|
+$616M |
| 2 |
Netflix
NFLX
|
+$481M |
| 3 |
Micron Technology
MU
|
+$416M |
| 4 |
Tesla
TSLA
|
+$416M |
| 5 |
Procter & Gamble
PG
|
+$322M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$885M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$660M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$463M |
| 4 |
Applovin
APP
|
+$430M |
| 5 |
Meta Platforms (Facebook)
META
|
+$354M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.84% |
| 2 | Healthcare | 15.76% |
| 3 | Consumer Discretionary | 13.86% |
| 4 | Industrials | 9.95% |
| 5 | Financials | 8.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
DOCU
51
DocuSign
DOCU
$12.9B
| $208M | 0.32% |
3,046,961
-295,628
| -9% | -$20.4M |
2019 Q3
25 quarters
|
|
52
Amazon
AMZN
$2.78T
| $206M | 0.32% |
+890,926
| New | +$204M |
2025 Q4
0 quarters
|
|
53
ServiceNow
NOW
$141B
| $204M | 0.32% |
+1,331,977
| New | +$228M |
2025 Q4
0 quarters
|
|
54
Motorola Solutions
MSI
$73.7B
| $203M | 0.32% |
530,295
+333,980
| +170% | +$134M |
2023 Q4
8 quarters
|
|
55
Corcept Therapeutics
CORT
$12.6B
| $200M | 0.31% |
5,758,528
-330,819
| -5% | -$26M |
2015 Q1
43 quarters
|
|
56
Comcast
CMCSA
$74.2B
| $196M | 0.3% |
6,560,576
-403,800
| -6% | -$11.5M |
2025 Q2
2 quarters
|
|
57
Alamos Gold
AGI
$13.3B
| $194M | 0.3% |
5,025,944
-1,096,249
| -18% | -$38.2M |
2017 Q4
32 quarters
|
|
58
Carnival Corporation Ltd
CCL
$34.7B
| $192M | 0.3% |
6,275,423
+1,090,345
| +21% | +$30.4M |
2023 Q2
10 quarters
|
|
59
Lyft
LYFT
$5.95B
| $191M | 0.3% |
9,873,232
+1,320,938
| +15% | +$27.5M |
2022 Q2
14 quarters
|
|
60
Target
TGT
$70.2B
| $188M | 0.29% |
1,925,200
+421,100
| +28% | +$38.8M |
2025 Q1
3 quarters
|
|
61
Argan
AGX
$5.61B
| $188M | 0.29% |
598,599
-43,480
| -7% | -$13.8M |
2013 Q2
50 quarters
|
|
62
National Grid
NGG
$76.7B
| $187M | 0.29% |
2,415,286
-637,912
| -21% | -$48M |
2013 Q2
50 quarters
|
|
63
Alkermes
ALKS
$6.67B
| $187M | 0.29% |
6,668,028
+375,500
| +6% | +$11.2M |
2018 Q4
28 quarters
|
|
|
NVMI
64
Nova
NVMI
$11.4B
| $186M | 0.29% |
565,986
-64,000
| -10% | -$20.6M |
2013 Q2
50 quarters
|
|
65
Vertiv
VRT
$96.2B
| $185M | 0.29% |
1,144,329
+786,117
| +219% | +$136M |
2023 Q3
9 quarters
|
|
66
Novartis
NVS
$268B
| $185M | 0.29% |
1,343,033
-534,798
| -28% | -$70M |
2013 Q3
49 quarters
|
|
67
Peabody Energy
BTU
$3.06B
| $182M | 0.28% |
6,134,927
-314,816
| -5% | -$9.25M |
2017 Q3
33 quarters
|
|
|
SCHW
68
Charles Schwab
SCHW
$165B
| $181M | 0.28% |
1,810,741
+788,900
| +77% | +$74.8M |
2024 Q3
5 quarters
|
|
69
Eli Lilly
LLY
$1.01T
| $178M | 0.28% |
+165,847
| New | +$159M |
2025 Q4
0 quarters
|
|
70
Nutanix
NTNX
$19.8B
| $175M | 0.27% |
3,384,296
-1,690,506
| -33% | -$103M |
2021 Q1
19 quarters
|
|
71
Veralto
VLTO
$23.1B
| $175M | 0.27% |
1,750,800
-60,600
| -3% | -$6.13M |
2023 Q4
8 quarters
|
|
72
Western Digital
WDC
$150B
| $171M | 0.27% |
992,533
-156,229
| -14% | -$23.7M |
2024 Q3
5 quarters
|
|
73
Vistra
VST
$53.7B
| $168M | 0.26% |
1,042,015
+460,773
| +79% | +$83.9M |
2023 Q1
11 quarters
|
|
74
Palo Alto Networks
PANW
$330B
| $167M | 0.26% |
908,500
+840,000
| +1,226% | +$169M |
2025 Q2
2 quarters
|
|
75
monday.com
MNDY
$3.55B
| $167M | 0.26% |
1,129,090
+74,800
| +7% | +$12.6M |
2021 Q4
16 quarters
|
|
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Renaissance Technologies's Q4 2025 Portfolio in Review
As of Q4 2025, Renaissance Technologies held 3,923 positions worth $64.5B, down 15% from $75.8B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Renaissance Technologies withdrew a net $10.1B in Q4 2025, closing 736 positions and reducing 1,682 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $354M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Renaissance Technologies opened a new position in ServiceNow worth $204M.
- Renaissance Technologies's largest Q4 2025 buy was ServiceNow: 1,331,977 shares worth $204M.
- Renaissance Technologies added most to Costco in Q4 2025, an estimated $616M increase.
- Renaissance Technologies's biggest Q4 2025 reduction was NVIDIA, cutting an estimated $885M.
- Renaissance Technologies fully exited Meta Platforms (Facebook) in Q4 2025, selling an estimated $354M.
- Renaissance Technologies's ten largest holdings make up 12% of its $64.5B portfolio in Q4 2025.
- Renaissance Technologies opened 466 new positions and closed 736 in Q4 2025.
- Renaissance Technologies's portfolio value fell 15% quarter-over-quarter to $64.5B.
Based on Renaissance Technologies's 13F filing for Q4 2025, filed 12 Feb 2026.