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 |
Microsoft
MSFT
|
+$276M |
| 2 |
Procter & Gamble
PG
|
+$243M |
| 3 |
Analog Devices
ADI
|
+$188M |
| 4 |
Advanced Micro Devices
AMD
|
+$171M |
| 5 |
Home Depot
HD
|
+$162M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.95B |
| 2 |
Bristol-Myers Squibb
BMY
|
+$778M |
| 3 |
Walmart Inc
WMT
|
+$723M |
| 4 |
Zoom
ZM
|
+$642M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$573M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 22.93% |
| 2 | Technology | 16.65% |
| 3 | Consumer Staples | 12.19% |
| 4 | Consumer Discretionary | 9.52% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TPH
1201
DELISTED
Tri Pointe Homes
TPH
| $9.15M | 0.01% |
504,636
-76,700
| -13% | -$1.3M |
|
1202
Ford
F
$58.5B
| $9.15M | 0.01% |
+1,373,309
| New | +$9.3M |
|
1203
CarGurus
CARG
$3.27B
| $9.14M | 0.01% |
422,402
+148,023
| +54% | +$3.79M |
|
1204
MDU Resources
MDU
$4.17B
| $9.13M | 0.01% |
1,066,550
-1,444,025
| -58% | -$12.4M |
|
1205
Lattice Semiconductor
LSCC
$17.6B
| $9.12M | 0.01% |
+314,900
| New | +$9.26M |
|
|
GAU
1206
Galiano Gold
GAU
$455M
| $9.12M | 0.01% |
6,607,779
-22,700
| -0.3% | -$36K |
|
|
VIA
1207
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
| $9.11M | 0.01% |
218,981
+16,780
| +8% | +$681K |
|
1208
XP
XP
$8.81B
| $9.1M | 0.01% |
+218,168
| New | +$9.97M |
|
1209
Zymeworks
ZYME
$1.61B
| $9.09M | 0.01% |
195,134
-544,000
| -74% | -$18.7M |
|
|
DRRX
1210
DELISTED
DURECT Corp
DRRX
| $9.07M | 0.01% |
530,533
-68,437
| -11% | -$1.37M |
|
1211
AeroVironment
AVAV
$7.56B
| $9.06M | 0.01% |
151,036
+597
| +0.4% | +$44.3K |
|
|
SASR
1212
DELISTED
Sandy Spring Bancorp Inc
SASR
| $9.06M | 0.01% |
392,541
-178,800
| -31% | -$4.22M |
|
1213
iShares Silver Trust
SLV
$28B
| $9.05M | 0.01% |
+418,400
| New | +$9.51M |
|
|
DAO
1214
Youdao
DAO
$2.03B
| $9.05M | 0.01% |
350,300
+78,000
| +29% | +$2.67M |
|
|
GV
1215
DELISTED
Goldfield Corporation
GV
| $9.05M | 0.01% |
2,139,618
+71,414
| +3% | +$289K |
|
|
TGI
1216
DELISTED
Triumph Group
TGI
| $9.03M | 0.01% |
1,387,000
-565,400
| -29% | -$4.2M |
|
|
CMO
1217
DELISTED
Capstead Mortgage Corp.
CMO
| $8.99M | 0.01% |
1,600,532
-196,932
| -11% | -$1.18M |
|
1218
Paysign
PAYS
$501M
| $8.96M | 0.01% |
1,577,250
+22,100
| +1% | +$172K |
|
1219
Cirrus Logic
CRUS
$6.53B
| $8.95M | 0.01% |
132,720
-495,300
| -79% | -$31M |
|
|
PGRE
1220
DELISTED
Paramount Group
PGRE
| $8.95M | 0.01% |
1,264,299
-1,175,634
| -48% | -$8.56M |
|
|
CORE
1221
DELISTED
Core Mark Holding Co., Inc.
CORE
| $8.94M | 0.01% |
309,100
+78,700
| +34% | +$2.3M |
|
1222
Innovative Industrial Properties
IIPR
$1.71B
| $8.94M | 0.01% |
+72,000
| New | +$8.05M |
|
1223
Rocky Brands
RCKY
$366M
| $8.93M | 0.01% |
359,712
+8,700
| +2% | +$197K |
|
1224
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $8.93M | 0.01% |
80,500
-13,700
| -15% | -$1.54M |
|
1225
Par Pacific Holdings
PARR
$4.31B
| $8.89M | 0.01% |
1,312,587
-556,300
| -30% | -$4.6M |
|
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Renaissance Technologies's Q3 2020 Portfolio in Review
As of Q3 2020, Renaissance Technologies held 3,879 positions worth $100B, down 14% from $116B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Renaissance Technologies withdrew a net $21.7B in Q3 2020, closing 544 positions and reducing 1,671 holdings. Its most notable exit was Alibaba, an estimated $426M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, down from 23% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Renaissance Technologies opened a new position in Microsoft worth $277M.
- Renaissance Technologies's largest Q3 2020 buy was Microsoft: 1,315,812 shares worth $277M.
- Renaissance Technologies added most to Procter & Gamble in Q3 2020, an estimated $243M increase.
- Renaissance Technologies's biggest Q3 2020 reduction was Tesla, cutting an estimated $1.95B.
- Renaissance Technologies fully exited Alibaba in Q3 2020, selling an estimated $426M.
- Renaissance Technologies's ten largest holdings make up 15% of its $100B portfolio in Q3 2020.
- Renaissance Technologies opened 490 new positions and closed 544 in Q3 2020.
- Renaissance Technologies's portfolio value fell 14% quarter-over-quarter to $100B.
Based on Renaissance Technologies's 13F filing for Q3 2020, filed 13 Nov 2020.