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 | |
|---|---|---|---|---|---|---|---|
76
Kimberly-Clark
KMB
$32.4B
| $120M | 0.21% |
952,000
+950,000
| +47,500% | +$123M |
2013 Q2
13 quarters
|
|
77
General Mills
GIS
$17.3B
| $118M | 0.21% |
+1,841,800
| New | +$128M |
2016 Q3
0 quarters
|
|
78
Lowe's Companies
LOW
$105B
| $117M | 0.21% |
1,626,800
+1,396,700
| +607% | +$109M |
2016 Q2
1 quarter
|
|
79
JetBlue
JBLU
$1.45B
| $116M | 0.21% |
6,733,100
+687,200
| +11% | +$11.7M |
2013 Q2
13 quarters
|
|
80
Intercontinental Exchange
ICE
$86.9B
| $116M | 0.2% |
2,151,990
+694,500
| +48% | +$37.9M |
2015 Q1
6 quarters
|
|
81
Edison International
EIX
$20.9B
| $115M | 0.2% |
1,593,800
+854,100
| +115% | +$64.1M |
2014 Q2
9 quarters
|
|
82
Toyota
TM
$219B
| $115M | 0.2% |
989,400
+122,400
| +14% | +$14M |
2013 Q3
12 quarters
|
|
83
Groupon
GRPN
$757M
| $114M | 0.2% |
1,103,133
+253,708
| +30% | +$24.7M |
2015 Q1
6 quarters
|
|
|
TTM
84
DELISTED
Tata Motors Limited
TTM
| $113M | 0.2% |
2,838,500
+1,618,800
| +133% | +$62.8M |
2016 Q1
2 quarters
|
|
|
HA
85
DELISTED
Hawaiian Holdings, Inc.
HA
| $112M | 0.2% |
2,310,400
-33,980
| -1% | -$1.54M |
2013 Q3
12 quarters
|
|
86
Telus
TU
$12.6B
| $112M | 0.2% |
6,801,400
+28,800
| +0.4% | +$476K |
2013 Q2
13 quarters
|
|
|
XLNX
87
DELISTED
Xilinx Inc
XLNX
| $112M | 0.2% |
2,054,005
-420,000
| -17% | -$21.6M |
2013 Q2
13 quarters
|
|
88
Jazz Pharmaceuticals
JAZZ
$14.3B
| $111M | 0.2% |
914,800
+195,292
| +27% | +$26.3M |
2015 Q2
5 quarters
|
|
89
Usana Health Sciences
USNA
$267M
| $111M | 0.2% |
1,599,166
+29,400
| +2% | +$1.94M |
2013 Q2
13 quarters
|
|
90
Waste Management
WM
$84B
| $110M | 0.19% |
1,725,300
+152,400
| +10% | +$9.96M |
2013 Q2
13 quarters
|
|
91
Markel Group
MKL
$21.8B
| $110M | 0.19% |
118,300
+1,600
| +1% | +$1.49M |
2013 Q2
13 quarters
|
|
|
ECHO
92
EchoStar
ECHO
$27.2B
| $108M | 0.19% |
3,053,395
+326,526
| +12% | +$10.3M |
2013 Q2
13 quarters
|
|
93
Ball Corp
BALL
$15.3B
| $107M | 0.19% |
2,611,822
+1,350,094
| +107% | +$51.6M |
2015 Q1
6 quarters
|
|
94
Hershey
HSY
$32.6B
| $107M | 0.19% |
1,116,400
-408,600
| -27% | -$43.2M |
2013 Q2
13 quarters
|
|
95
Best Buy
BBY
$18.6B
| $106M | 0.19% |
2,772,600
+1,312,300
| +90% | +$46.1M |
2016 Q1
2 quarters
|
|
96
Texas Instruments
TXN
$260B
| $105M | 0.19% |
+1,499,900
| New | +$102M |
2016 Q3
0 quarters
|
|
97
DTE Energy
DTE
$26.4B
| $105M | 0.19% |
1,319,525
+332,995
| +34% | +$27.1M |
2013 Q2
13 quarters
|
|
98
Huntington Ingalls Industries
HII
$10.4B
| $104M | 0.18% |
676,900
-188,300
| -22% | -$31.2M |
2013 Q2
13 quarters
|
|
99
Honda
HMC
$42B
| $104M | 0.18% |
3,584,200
+917,200
| +34% | +$26.2M |
2013 Q3
12 quarters
|
|
100
Procter & Gamble
PG
$348B
| $103M | 0.18% |
+1,148,800
| New | +$99.8M |
2016 Q3
0 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.