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 | |
|---|---|---|---|---|---|---|---|
|
LBRDK
776
DELISTED
Liberty Broadband Class C
LBRDK
| $18M | 0.03% |
251,900
+132,200
| +110% | +$8.83M |
2016 Q2
1 quarter
|
|
|
VCRA
777
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $17.9M | 0.03% |
1,056,700
+198,900
| +23% | +$3.04M |
2014 Q2
9 quarters
|
|
778
International Flavors & Fragrances
IFF
$21.6B
| $17.9M | 0.03% |
124,900
+50,400
| +68% | +$6.83M |
2016 Q2
1 quarter
|
|
779
Exelon
EXC
$43B
| $17.7M | 0.03% |
746,458
-1,555,660
| -68% | -$39.1M |
2015 Q3
4 quarters
|
|
780
Seaboard Corp
SEB
$3.81B
| $17.7M | 0.03% |
5,134
+13
| +0.3% | +$40.4K |
2013 Q2
13 quarters
|
|
781
Coherent
COHR
$61.2B
| $17.6M | 0.03% |
725,400
-46,710
| -6% | -$987K |
2014 Q3
8 quarters
|
|
|
SCG
782
DELISTED
Scana
SCG
| $17.6M | 0.03% |
243,000
+214,300
| +747% | +$15.7M |
2016 Q1
2 quarters
|
|
783
Analog Devices
ADI
$197B
| $17.6M | 0.03% |
272,300
-165,300
| -38% | -$10.3M |
2015 Q4
3 quarters
|
|
784
Atlantic Union Bankshares
AUB
$5.39B
| $17.5M | 0.03% |
655,005
+29,600
| +5% | +$793K |
2013 Q2
13 quarters
|
|
|
AMED
785
DELISTED
Amedisys
AMED
| $17.5M | 0.03% |
369,401
-263,600
| -42% | -$13.2M |
2014 Q1
10 quarters
|
|
|
RP
786
DELISTED
RealPage, Inc.
RP
| $17.5M | 0.03% |
681,600
-27,100
| -4% | -$674K |
2015 Q1
6 quarters
|
|
|
PRA
787
DELISTED
ProAssurance
PRA
| $17.5M | 0.03% |
332,800
-67,300
| -17% | -$3.57M |
2014 Q4
7 quarters
|
|
|
SEP
788
DELISTED
Spectra Engy Parters Lp
SEP
| $17.4M | 0.03% |
398,000
-233,500
| -37% | -$10.8M |
2016 Q1
2 quarters
|
|
|
BFS
789
Saul Centers
BFS
$743M
| $17.3M | 0.03% |
260,500
+40,600
| +18% | +$2.67M |
2013 Q2
13 quarters
|
|
790
Mercantile Bank Corp
MBWM
$999M
| $17.3M | 0.03% |
645,315
-15,900
| -2% | -$412K |
2013 Q2
13 quarters
|
|
791
Andersons Inc
ANDE
$2.18B
| $17.2M | 0.03% |
476,500
-20,700
| -4% | -$749K |
2013 Q4
11 quarters
|
|
|
FTR
792
DELISTED
Frontier Communications Corp.
FTR
| $17.2M | 0.03% |
275,007
+35,140
| +15% | +$2.5M |
2016 Q1
2 quarters
|
|
|
LDL
793
DELISTED
Lydall, Inc.
LDL
| $17.1M | 0.03% |
334,900
+17,300
| +5% | +$810K |
2013 Q2
13 quarters
|
|
794
Ecolab
ECL
$78.9B
| $17M | 0.03% |
+139,622
| New | +$16.9M |
2016 Q3
0 quarters
|
|
795
Copart
CPRT
$25.2B
| $17M | 0.03% |
+2,537,600
| New | +$16.2M |
2016 Q3
0 quarters
|
|
796
CNX Resources
CNX
$5.04B
| $17M | 0.03% |
+1,060,680
| New | +$15.7M |
2016 Q3
0 quarters
|
|
797
Toll Brothers
TOL
$12.3B
| $16.9M | 0.03% |
567,600
-83,800
| -13% | -$2.42M |
2015 Q4
3 quarters
|
|
|
ITC
798
DELISTED
ITC HOLDINGS CORP
ITC
| $16.9M | 0.03% |
364,600
+205,200
| +129% | +$9.5M |
2016 Q2
1 quarter
|
|
|
Y
799
DELISTED
Alleghany Corp
Y
| $16.9M | 0.03% |
32,200
-8,900
| -22% | -$4.76M |
2013 Q3
12 quarters
|
|
800
Visteon
VC
$2.28B
| $16.9M | 0.03% |
235,700
-265,900
| -53% | -$18.6M |
2014 Q4
7 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.