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 | |
|---|---|---|---|---|---|---|---|
|
NSA
1401
DELISTED
National Storage Affiliates Trust
NSA
| $6.98M | 0.01% |
333,300
+48,300
| +17% | +$1.01M |
2015 Q3
4 quarters
|
|
|
SAAS
1402
DELISTED
inContact, Inc.
SAAS
| $6.97M | 0.01% |
498,961
-101,539
| -17% | -$1.41M |
2016 Q2
1 quarter
|
|
|
RSPP
1403
DELISTED
RSP Permian, Inc.
RSPP
| $6.97M | 0.01% |
179,800
-159,900
| -47% | -$5.91M |
2015 Q4
3 quarters
|
|
1404
Artesian Resources
ARTNA
$347M
| $6.95M | 0.01% |
243,400
+26,400
| +12% | +$811K |
2013 Q2
13 quarters
|
|
|
PAMT
1405
PAMT Corp
PAMT
$268M
| $6.92M | 0.01% |
1,383,600
+56,400
| +4% | +$269K |
2013 Q2
13 quarters
|
|
1406
Radcom
RDCM
$172M
| $6.91M | 0.01% |
338,300
+219,875
| +186% | +$3.64M |
2013 Q2
13 quarters
|
|
1407
Alcoa
AA
$11.1B
| $6.9M | 0.01% |
+283,345
| New | +$6.91M |
2016 Q3
0 quarters
|
|
|
CALY
1408
Callaway Golf Company
CALY
$2.44B
| $6.86M | 0.01% |
590,700
-405,500
| -41% | -$4.52M |
2015 Q2
5 quarters
|
|
1409
Mercado Libre
MELI
$95.8B
| $6.84M | 0.01% |
+37,000
| New | +$6.13M |
2016 Q3
0 quarters
|
|
|
ENH
1410
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $6.83M | 0.01% |
+104,400
| New | +$6.92M |
2016 Q3
0 quarters
|
|
1411
ICF International
ICFI
$1.57B
| $6.83M | 0.01% |
154,100
-6,170
| -4% | -$259K |
2013 Q2
13 quarters
|
|
1412
Harmonic Inc
HLIT
$1.2B
| $6.83M | 0.01% |
1,151,500
-63,800
| -5% | -$255K |
2015 Q1
6 quarters
|
|
1413
East-West Bancorp
EWBC
$17.2B
| $6.82M | 0.01% |
185,733
-77,100
| -29% | -$2.71M |
2016 Q1
2 quarters
|
|
1414
Angi Inc
ANGI
$267M
| $6.79M | 0.01% |
68,490
-9,300
| -12% | -$815K |
2015 Q3
4 quarters
|
|
|
EXAS
1415
DELISTED
Exact Sciences
EXAS
| $6.78M | 0.01% |
+365,300
| New | +$6.44M |
2016 Q3
0 quarters
|
|
|
MODN
1416
DELISTED
MODEL N, INC.
MODN
| $6.74M | 0.01% |
607,000
-14,900
| -2% | -$175K |
2014 Q2
9 quarters
|
|
1417
Merit Medical Systems
MMSI
$5.21B
| $6.73M | 0.01% |
276,900
-85,300
| -24% | -$1.97M |
2014 Q4
7 quarters
|
|
|
EGL
1418
DELISTED
Engility Holdings, Inc.
EGL
| $6.72M | 0.01% |
213,200
+77,500
| +57% | +$2.28M |
2013 Q4
11 quarters
|
|
|
IMGN
1419
DELISTED
Immunogen Inc
IMGN
| $6.71M | 0.01% |
2,503,340
+536,200
| +27% | +$1.56M |
2016 Q2
1 quarter
|
|
|
HSNI
1420
DELISTED
HSN, Inc.
HSNI
| $6.7M | 0.01% |
168,300
-77,562
| -32% | -$3.52M |
2015 Q1
6 quarters
|
|
1421
CRA International
CRAI
$1.11B
| $6.69M | 0.01% |
251,600
+14,900
| +6% | +$398K |
2014 Q1
10 quarters
|
|
1422
Red Robin
RRGB
$163M
| $6.67M | 0.01% |
148,466
+105,900
| +249% | +$5.16M |
2016 Q1
2 quarters
|
|
1423
CEVA Inc
CEVA
$943M
| $6.64M | 0.01% |
189,300
-22,100
| -10% | -$685K |
2013 Q2
13 quarters
|
|
1424
Chegg
CHGG
$81.7M
| $6.6M | 0.01% |
930,852
-166,748
| -15% | -$1.07M |
2014 Q4
7 quarters
|
|
|
BGC
1425
DELISTED
General Cable Corporation
BGC
| $6.58M | 0.01% |
439,600
+263,400
| +149% | +$3.87M |
2015 Q2
5 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.