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 | |
|---|---|---|---|---|---|---|---|
1201
Prestige Consumer Healthcare
PBH
$2.28B
| $5.96M | 0.01% |
96,602
-132,600
| -58% | -$8.12M |
2020 Q1
23 quarters
|
|
1202
Viant Technology
DSP
$278M
| $5.95M | 0.01% |
493,800
+12,683
| +3% | +$127K |
2021 Q3
17 quarters
|
|
1203
Sierra Bancorp
BSRR
$504M
| $5.94M | 0.01% |
181,912
-11,300
| -6% | -$342K |
2014 Q1
47 quarters
|
|
|
DX
1204
Dynex Capital
DX
$2.7B
| $5.93M | 0.01% |
+423,600
| New | +$5.72M |
2025 Q4
0 quarters
|
|
1205
Kamada
KMDA
$466M
| $5.93M | 0.01% |
839,298
-32,681
| -4% | -$226K |
2013 Q4
48 quarters
|
|
|
AVDL
1206
DELISTED
Avadel Pharmaceuticals
AVDL
| $5.9M | 0.01% |
273,600
-282,500
| -51% | -$5.48M |
2017 Q1
35 quarters
|
|
|
FONR
1207
DELISTED
Fonar
FONR
| $5.86M | 0.01% |
315,716
+7,100
| +2% | +$107K |
2013 Q2
50 quarters
|
|
1208
Annaly Capital Management
NLY
$13.8B
| $5.83M | 0.01% |
260,515
-2,387,500
| -90% | -$52M |
2023 Q4
8 quarters
|
|
1209
Zymeworks
ZYME
$1.85B
| $5.82M | 0.01% |
220,877
-210,823
| -49% | -$4.6M |
2022 Q3
13 quarters
|
|
|
NAGE
1210
Niagen Bioscience
NAGE
$213M
| $5.81M | 0.01% |
914,118
+201,118
| +28% | +$1.4M |
2021 Q4
16 quarters
|
|
1211
Crawford & Co Class A
CRD.A
$609M
| $5.79M | 0.01% |
514,224
-25,000
| -5% | -$276K |
2013 Q2
50 quarters
|
|
1212
Akebia Therapeutics
AKBA
$222M
| $5.78M | 0.01% |
3,593,133
-359,594
| -9% | -$753K |
2020 Q2
22 quarters
|
|
|
TDAY
1213
USA Today Co
TDAY
$1B
| $5.77M | 0.01% |
1,119,419
-674,905
| -38% | -$3.17M |
2020 Q4
20 quarters
|
|
1214
Walker & Dunlop
WD
$1.13B
| $5.76M | 0.01% |
95,800
+59,000
| +160% | +$4.19M |
2025 Q1
3 quarters
|
|
1215
American Coastal Insurance
ACIC
$462M
| $5.75M | 0.01% |
454,957
+99,900
| +28% | +$1.21M |
2018 Q4
28 quarters
|
|
1216
Home Bancorp
HBCP
$517M
| $5.73M | 0.01% |
99,073
-16,800
| -14% | -$935K |
2013 Q2
50 quarters
|
|
1217
Bridgewater Bancshares
BWB
$565M
| $5.72M | 0.01% |
326,447
-62,700
| -16% | -$1.09M |
2018 Q3
29 quarters
|
|
1218
UroGen Pharma
URGN
$1.8B
| $5.72M | 0.01% |
244,300
-30,800
| -11% | -$668K |
2024 Q4
4 quarters
|
|
1219
Hallador Energy
HNRG
$656M
| $5.7M | 0.01% |
299,455
-26,700
| -8% | -$541K |
2016 Q2
38 quarters
|
|
1220
RPC Inc
RES
$1.32B
| $5.69M | 0.01% |
1,046,419
+543,400
| +108% | +$2.82M |
2024 Q4
4 quarters
|
|
1221
LifeVantage
LFVN
$75.5M
| $5.69M | 0.01% |
922,918
+70,900
| +8% | +$525K |
2014 Q1
47 quarters
|
|
1222
iShares MSCI Taiwan ETF
EWT
$12.5B
| $5.68M | 0.01% |
89,400
+62,800
| +236% | +$4.04M |
2025 Q2
2 quarters
|
|
1223
Tennant Co
TNC
$1.12B
| $5.67M | 0.01% |
76,900
+41,342
| +116% | +$3.16M |
2023 Q2
10 quarters
|
|
1224
Companhia Siderúrgica Nacional
SID
$1.7B
| $5.66M | 0.01% |
3,537,900
+1,731,200
| +96% | +$2.81M |
2023 Q4
8 quarters
|
|
1225
Bakkt Inc
BKKT
$310M
| $5.64M | 0.01% |
+562,100
| New | +$12.4M |
2025 Q4
0 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.