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 |
CELG
Celgene Corp
CELG
|
+$628M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$567M |
| 3 |
Biogen
BIIB
|
+$405M |
| 4 |
UnitedHealth
UNH
|
+$392M |
| 5 |
Walmart Inc
WMT
|
+$301M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$451M |
| 2 |
PepsiCo
PEP
|
+$382M |
| 3 |
Philip Morris
PM
|
+$256M |
| 4 |
Roku
ROKU
|
+$252M |
| 5 |
RHT
Red Hat Inc
RHT
|
+$248M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.91% |
| 2 | Technology | 12.35% |
| 3 | Consumer Discretionary | 10.31% |
| 4 | Financials | 9.99% |
| 5 | Consumer Staples | 8.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1126
TriNet
TNET
$3.02B
| $15.1M | 0.01% |
243,100
-151,500
| -38% | -$10.3M |
|
1127
Plains GP Holdings
PAGP
$5.21B
| $15.1M | 0.01% |
711,773
+200,212
| +39% | +$4.62M |
|
1128
CNO Financial Group
CNO
$5.14B
| $15.1M | 0.01% |
953,700
-233,900
| -20% | -$3.7M |
|
|
BPY
1129
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
| $15.1M | 0.01% |
742,183
-586,688
| -44% | -$11.3M |
|
1130
Dycom Industries
DY
$12B
| $15.1M | 0.01% |
295,170
-57,530
| -16% | -$2.9M |
|
1131
Ezcorp Inc
EZPW
$1.83B
| $15.1M | 0.01% |
2,333,516
+538,595
| +30% | +$4.61M |
|
1132
State Street Health Care Select Sector SPDR ETF
XLV
$41.9B
| $15M | 0.01% |
166,300
+155,700
| +1,469% | +$14.2M |
|
1133
Inogen
INGN
$175M
| $15M | 0.01% |
312,100
+45,677
| +17% | +$2.38M |
|
1134
AeroVironment
AVAV
$7.56B
| $14.9M | 0.01% |
278,936
-17,400
| -6% | -$955K |
|
1135
IDEX
IEX
$17B
| $14.9M | 0.01% |
91,095
-1,130
| -1% | -$188K |
|
1136
Adobe
ADBE
$99.5B
| $14.9M | 0.01% |
+54,033
| New | +$15.8M |
|
1137
HEICO Corp
HEI
$49.8B
| $14.9M | 0.01% |
+119,164
| New | +$16.3M |
|
1138
Artesian Resources
ARTNA
$355M
| $14.9M | 0.01% |
402,010
+18,710
| +5% | +$676K |
|
|
PACW
1139
DELISTED
PacWest Bancorp
PACW
| $14.9M | 0.01% |
409,279
+311,779
| +320% | +$11.3M |
|
1140
Selective Insurance
SIGI
$5.65B
| $14.8M | 0.01% |
197,194
+186,200
| +1,694% | +$14.4M |
|
1141
Lear
LEA
$6.54B
| $14.8M | 0.01% |
125,600
+85,800
| +216% | +$10.4M |
|
|
THR
1142
DELISTED
Thermon Group Holdings
THR
| $14.8M | 0.01% |
644,100
+146,800
| +30% | +$3.47M |
|
|
PXD
1143
DELISTED
Pioneer Natural Resource Co.
PXD
| $14.8M | 0.01% |
117,488
-148,700
| -56% | -$19.7M |
|
1144
Brown-Forman Class A
BF.A
$13.4B
| $14.8M | 0.01% |
247,100
+15,700
| +7% | +$895K |
|
|
DCOM
1145
DELISTED
Dime Community Bancshares
DCOM
| $14.7M | 0.01% |
687,600
+51,800
| +8% | +$1.04M |
|
|
ADVM
1146
DELISTED
Adverum Biotechnologies
ADVM
| $14.7M | 0.01% |
269,300
-116,450
| -30% | -$13.1M |
|
1147
CBIZ
CBZ
$2.99B
| $14.6M | 0.01% |
622,626
-225,600
| -27% | -$5.07M |
|
|
HCCI
1148
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $14.6M | 0.01% |
551,167
+24,459
| +5% | +$637K |
|
|
CO
1149
DELISTED
Global Cord Blood Corporation
CO
| $14.6M | 0.01% |
3,016,005
+189,109
| +7% | +$992K |
|
1150
Community Trust Bancorp
CTBI
$1.42B
| $14.6M | 0.01% |
342,482
+11,700
| +4% | +$481K |
|
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Renaissance Technologies's Q3 2019 Portfolio in Review
As of Q3 2019, Renaissance Technologies held 3,920 positions worth $118B, up 4% from $114B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Renaissance Technologies deployed $5.29B of net new capital in Q3 2019, opening 406 new positions and adding to 1,848 existing holdings. Its largest new stake was UnitedHealth: 1,624,826 shares worth $353M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, up from 18% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Apple, an estimated $451M trimmed.
- Renaissance Technologies's largest Q3 2019 buy was UnitedHealth: 1,624,826 shares worth $353M.
- Renaissance Technologies added most to Celgene Corp in Q3 2019, an estimated $628M increase.
- Renaissance Technologies's biggest Q3 2019 reduction was Apple, cutting an estimated $451M.
- Renaissance Technologies fully exited Red Hat Inc in Q3 2019, selling an estimated $248M.
- Renaissance Technologies's ten largest holdings make up 11% of its $118B portfolio in Q3 2019.
- Renaissance Technologies opened 406 new positions and closed 522 in Q3 2019.
- Renaissance Technologies's portfolio value rose 4% quarter-over-quarter to $118B.
Based on Renaissance Technologies's 13F filing for Q3 2019, filed 13 Nov 2019.