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 | |
|---|---|---|---|---|---|---|---|
1026
Fidelity National Financial
FNF
$10.4B
| $8.12M | 0.01% |
+148,809
| New | +$8.47M |
2025 Q4
0 quarters
|
|
1027
Skyward Specialty Insurance
SKWD
$2.59B
| $8.12M | 0.01% |
158,900
+36,700
| +30% | +$1.76M |
2024 Q2
6 quarters
|
|
|
ESPR
1028
DELISTED
Esperion Therapeutics
ESPR
| $8.12M | 0.01% |
2,194,600
+1,420,700
| +184% | +$4.59M |
2025 Q2
2 quarters
|
|
1029
Landstar System
LSTR
$5.74B
| $8.1M | 0.01% |
56,340
-35,100
| -38% | -$4.68M |
2022 Q1
15 quarters
|
|
|
OPLN
1030
Openlane
OPLN
$4.48B
| $8.09M | 0.01% |
271,600
-35,400
| -12% | -$957K |
2024 Q2
6 quarters
|
|
1031
Owens Corning
OC
$9.02B
| $8.07M | 0.01% |
72,100
-103,100
| -59% | -$12.1M |
2025 Q2
2 quarters
|
|
|
SII
1032
Sprott
SII
$2.98B
| $8.04M | 0.01% |
82,100
-75,688
| -48% | -$6.71M |
2023 Q3
9 quarters
|
|
1033
Park Hotels & Resorts
PK
$3.05B
| $8.02M | 0.01% |
766,852
+332,100
| +76% | +$3.56M |
2025 Q2
2 quarters
|
|
1034
UGI
UGI
$7.96B
| $8.02M | 0.01% |
214,220
-172,363
| -45% | -$6.1M |
2023 Q4
8 quarters
|
|
1035
Structure Therapeutics
GPCR
$1.82B
| $8.01M | 0.01% |
115,200
-38,700
| -25% | -$1.58M |
2025 Q1
3 quarters
|
|
1036
Unifirst Corp
UNF
$4.72B
| $8.01M | 0.01% |
41,500
-2,000
| -5% | -$338K |
2024 Q2
6 quarters
|
|
1037
Vanguard Real Estate ETF
VNQ
$35.8B
| $7.98M | 0.01% |
90,200
+45,200
| +100% | +$4.06M |
2025 Q2
2 quarters
|
|
1038
Arcutis Biotherapeutics
ARQT
$3.34B
| $7.96M | 0.01% |
+273,999
| New | +$7.01M |
2025 Q4
0 quarters
|
|
1039
CMS Energy
CMS
$20.5B
| $7.94M | 0.01% |
113,500
-365,300
| -76% | -$26.6M |
2023 Q4
8 quarters
|
|
1040
Gentherm
THRM
$1.62B
| $7.93M | 0.01% |
218,064
-500
| -0.2% | -$18K |
2025 Q1
3 quarters
|
|
1041
Arrow Financial
AROW
$674M
| $7.92M | 0.01% |
252,205
+2,917
| +1% | +$86.3K |
2013 Q2
50 quarters
|
|
1042
TAT Technologies
TATT
$441M
| $7.9M | 0.01% |
177,002
-21,800
| -11% | -$892K |
2013 Q2
50 quarters
|
|
|
CGAU
1043
Centerra Gold
CGAU
$4.41B
| $7.88M | 0.01% |
548,700
-238,300
| -30% | -$2.98M |
2023 Q4
8 quarters
|
|
1044
NACCO Industries
NC
$268M
| $7.88M | 0.01% |
160,718
-8,800
| -5% | -$405K |
2013 Q4
48 quarters
|
|
1045
Orrstown Financial Services
ORRF
$804M
| $7.87M | 0.01% |
222,146
-20,300
| -8% | -$709K |
2013 Q2
50 quarters
|
|
|
TALK
1046
DELISTED
Talkspace
TALK
| $7.87M | 0.01% |
2,167,400
-459,500
| -17% | -$1.46M |
2021 Q3
17 quarters
|
|
1047
ATN International
ATNI
$393M
| $7.84M | 0.01% |
344,059
-1,973
| -0.6% | -$36.5K |
2016 Q2
38 quarters
|
|
1048
Timberland Bancorp
TSBK
$349M
| $7.81M | 0.01% |
218,089
-4,900
| -2% | -$166K |
2013 Q2
50 quarters
|
|
|
MASI
1049
DELISTED
Masimo
MASI
| $7.79M | 0.01% |
+59,900
| New | +$8.58M |
2025 Q4
0 quarters
|
|
1050
Real REMAX Group Inc. Common Stock
REAX
$341M
| $7.77M | 0.01% |
212,890
+14,310
| +7% | +$553K |
2023 Q3
9 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.