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 CORPORATION
EMC
|
+$228M |
| 3 |
GAS
AGL Resources Inc
GAS
|
+$216M |
| 4 |
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 | |
|---|---|---|---|---|---|---|---|
1576
Commercial Vehicle Group
CVGI
$117M
| $5.2M | 0.01% |
899,600
+395,400
| +78% | +$1.94M |
2015 Q3
4 quarters
|
|
|
SC
1577
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $5.2M | 0.01% |
+427,600
| New | +$4.94M |
2016 Q3
0 quarters
|
|
1578
Core Molding Technologies
CMT
$206M
| $5.2M | 0.01% |
307,600
-27,200
| -8% | -$407K |
2013 Q2
13 quarters
|
|
|
ARGO
1579
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $5.19M | 0.01% |
105,792
-57,235
| -35% | -$2.72M |
2015 Q3
4 quarters
|
|
1580
Helmerich & Payne
HP
$3.99B
| $5.19M | 0.01% |
77,100
+66,100
| +601% | +$4.15M |
2015 Q3
4 quarters
|
|
|
TEP
1581
DELISTED
Tallgrass Energy Partners, LP
TEP
| $5.18M | 0.01% |
107,500
-70,000
| -39% | -$3.26M |
2016 Q1
2 quarters
|
|
|
OAK
1582
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $5.18M | 0.01% |
122,170
+100,100
| +454% | +$4.48M |
2016 Q1
2 quarters
|
|
1583
First Financial Corp
THFF
$866M
| $5.18M | 0.01% |
127,300
-9,200
| -7% | -$363K |
2014 Q2
9 quarters
|
|
|
IPAS
1584
DELISTED
Ipass Inc Common Stock
IPAS
| $5.16M | 0.01% |
316,390
+17,507
| +6% | +$262K |
2013 Q2
13 quarters
|
|
|
AVX
1585
DELISTED
AVX Corporation
AVX
| $5.14M | 0.01% |
372,700
+163,500
| +78% | +$2.23M |
2015 Q4
3 quarters
|
|
1586
Assured Guaranty
AGO
$3.08B
| $5.13M | 0.01% |
+184,700
| New | +$4.98M |
2016 Q3
0 quarters
|
|
|
GBNK
1587
DELISTED
Guaranty Bancorp
GBNK
| $5.11M | 0.01% |
286,020
+17,200
| +6% | +$302K |
2013 Q2
13 quarters
|
|
1588
W.R. Berkley
WRB
$26.7B
| $5.1M | 0.01% |
298,013
+71,888
| +32% | +$1.24M |
2015 Q4
3 quarters
|
|
|
AEGR
1589
DELISTED
Aegerion Pharmaceuticals
AEGR
| $5.1M | 0.01% |
1,716,200
+346,700
| +25% | +$601K |
2015 Q2
5 quarters
|
|
1590
Cedar Fair
FUN
$1.17B
| $5.09M | 0.01% |
88,850
-965
| -1% | -$57.3K |
2013 Q2
13 quarters
|
|
1591
Celldex Therapeutics
CLDX
$2.35B
| $5.08M | 0.01% |
83,881
+32,094
| +62% | +$2M |
2016 Q1
2 quarters
|
|
|
EVHC
1592
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $5.08M | 0.01% |
76,119
-156,178
| -67% | -$10.8M |
2014 Q4
7 quarters
|
|
1593
Nice
NICE
$6.88B
| $5.06M | 0.01% |
75,644
+5,200
| +7% | +$346K |
2015 Q2
5 quarters
|
|
1594
Commercial Metals
CMC
$7.07B
| $5.06M | 0.01% |
312,400
-121,400
| -28% | -$1.97M |
2015 Q4
3 quarters
|
|
1595
Sterling Infrastructure
STRL
$15.7B
| $5.05M | 0.01% |
652,800
+291,600
| +81% | +$1.84M |
2013 Q2
13 quarters
|
|
1596
Wabash National
WNC
$538M
| $5.05M | 0.01% |
354,700
-221,200
| -38% | -$3.02M |
2016 Q1
2 quarters
|
|
1597
Granite Construction
GVA
$5B
| $5.05M | 0.01% |
101,500
-172,500
| -63% | -$8.38M |
2014 Q1
10 quarters
|
|
1598
DELISTED
Heartland Financial USA, Inc.
HTLF
| $5.05M | 0.01% |
139,900
-40,500
| -22% | -$1.46M |
2014 Q3
8 quarters
|
|
1599
Peoples Bancorp
PEBO
$1.29B
| $5.04M | 0.01% |
204,800
+40,900
| +25% | +$947K |
2013 Q2
13 quarters
|
|
1600
Ventas
VTR
$42.1B
| $5.04M | 0.01% |
71,300
-1,006,600
| -93% | -$73.1M |
2014 Q2
9 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.