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 | |
|---|---|---|---|---|---|---|
1526
Chesapeake Utilities
CPK
$3.23B
| $5.42M | 0.01% |
64,250
-92,850
| -59% | -$7.67M |
|
|
LAND
1527
Gladstone Land Corp
LAND
$351M
| $5.39M | 0.01% |
358,961
+12,600
| +4% | +$197K |
|
1528
Vera Bradley
VRA
$99.5M
| $5.39M | 0.01% |
882,200
+121,500
| +16% | +$649K |
|
|
RVLP
1529
DELISTED
RVL Pharmaceuticals plc Ordinary Shares
RVLP
| $5.38M | 0.01% |
994,207
+42,900
| +5% | +$247K |
|
|
SNV
1530
DELISTED
Synovus
SNV
| $5.37M | 0.01% |
253,818
-453,300
| -64% | -$9.44M |
|
1531
NETGEAR
NTGR
$652M
| $5.37M | 0.01% |
174,300
+129,200
| +286% | +$3.92M |
|
1532
Vanguard Morningstar Total Stock Market ETF
VTI
$668B
| $5.37M | 0.01% |
31,500
+14,000
| +80% | +$2.35M |
|
1533
SPX Corp
SPXC
$10.8B
| $5.35M | 0.01% |
115,400
-27,000
| -19% | -$1.14M |
|
|
BELFB
1534
Bel Fuse Inc Class B
BELFB
$3.81B
| $5.35M | 0.01% |
500,823
-3,600
| -0.7% | -$40.8K |
|
1535
Crawford & Co Class B
CRD.B
$497M
| $5.34M | 0.01% |
829,117
+3,700
| +0.4% | +$26.2K |
|
1536
Evolution Petroleum
EPM
$131M
| $5.34M | 0.01% |
2,382,972
-2,200
| -0.1% | -$5.86K |
|
|
VER
1537
DELISTED
VEREIT, Inc.
VER
| $5.33M | 0.01% |
+164,151
| New | +$5.41M |
|
1538
Vermilion Energy
VET
$1.76B
| $5.33M | 0.01% |
+2,282,207
| New | +$8.97M |
|
1539
Nabors Industries
NBR
$1.23B
| $5.33M | 0.01% |
217,925
+142,711
| +190% | +$5.23M |
|
1540
Liberty Latin America Class C
LILAK
$1.67B
| $5.32M | 0.01% |
719,263
+141,559
| +25% | +$1.13M |
|
1541
PagerDuty
PD
$844M
| $5.32M | 0.01% |
196,328
-517,472
| -72% | -$14.5M |
|
1542
Mercury Systems
MRCY
$6.34B
| $5.31M | 0.01% |
+68,535
| New | +$5.2M |
|
|
SILK
1543
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $5.3M | 0.01% |
78,900
-29,400
| -27% | -$1.6M |
|
1544
Credicorp
BAP
$31.8B
| $5.28M | 0.01% |
42,549
-9,151
| -18% | -$1.18M |
|
1545
STAG Industrial
STAG
$7.35B
| $5.27M | 0.01% |
+172,700
| New | +$5.45M |
|
1546
Mercer International
MERC
$44.9M
| $5.26M | 0.01% |
796,500
-77,100
| -9% | -$590K |
|
1547
NMI Holdings
NMIH
$3.36B
| $5.24M | 0.01% |
294,353
-211,906
| -42% | -$3.46M |
|
1548
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $5.23M | 0.01% |
96,300
+78,500
| +441% | +$4.27M |
|
|
PZN
1549
DELISTED
Pzena Investment Management, Inc. Class A
PZN
| $5.22M | 0.01% |
973,950
-35,500
| -4% | -$186K |
|
1550
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.62B
| $5.21M | 0.01% |
110,500
+44,100
| +66% | +$2.08M |
|
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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.