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 | |
|---|---|---|---|---|---|---|---|
1701
York Water
YORW
$504M
| $4.3M | 0.01% |
145,100
-1,600
| -1% | -$47.7K |
2013 Q2
13 quarters
|
|
1702
DELISTED
PROS Holdings
PRO
| $4.29M | 0.01% |
189,600
+128,500
| +210% | +$2.46M |
2016 Q2
1 quarter
|
|
|
INWK
1703
DELISTED
InnerWorkings, Inc.
INWK
| $4.28M | 0.01% |
453,982
+119,526
| +36% | +$1.04M |
2014 Q4
7 quarters
|
|
1704
Range Resources
RRC
$9.56B
| $4.27M | 0.01% |
110,091
-335,259
| -75% | -$13.6M |
2015 Q4
3 quarters
|
|
|
CO
1705
DELISTED
Global Cord Blood Corporation
CO
| $4.26M | 0.01% |
834,600
+85,600
| +11% | +$456K |
2013 Q2
13 quarters
|
|
1706
Enova International
ENVA
$4.43B
| $4.26M | 0.01% |
439,800
+107,000
| +32% | +$955K |
2015 Q2
5 quarters
|
|
1707
DELISTED
Edgio, Inc. Common Stock
EGIO
| $4.25M | 0.01% |
56,861
+5,549
| +11% | +$375K |
2013 Q2
13 quarters
|
|
1708
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $4.25M | 0.01% |
176,500
+65,400
| +59% | +$1.56M |
2016 Q2
1 quarter
|
|
|
BFX
1709
DELISTED
BowFlex Inc.
BFX
| $4.24M | 0.01% |
186,700
-159,600
| -46% | -$3.4M |
2014 Q2
9 quarters
|
|
1710
Q2 Holdings
QTWO
$3.65B
| $4.24M | 0.01% |
147,900
-241,600
| -62% | -$6.79M |
2015 Q1
6 quarters
|
|
1711
RCM Technologies
RCMT
$294M
| $4.22M | 0.01% |
636,994
+26,494
| +4% | +$154K |
2013 Q2
13 quarters
|
|
1712
Transportadora de Gas del Sur
TGS
$3.87B
| $4.21M | 0.01% |
640,747
-120,360
| -16% | -$742K |
2013 Q2
13 quarters
|
|
|
IPXL
1713
DELISTED
Impax Laboratories, Inc.
IPXL
| $4.21M | 0.01% |
+177,700
| New | +$4.78M |
2016 Q3
0 quarters
|
|
1714
Mueller Water Products
MWA
$3.38B
| $4.2M | 0.01% |
335,000
+105,600
| +46% | +$1.26M |
2013 Q2
13 quarters
|
|
|
CUNB
1715
DELISTED
CU Bancorp
CUNB
| $4.2M | 0.01% |
184,200
-18,800
| -9% | -$451K |
2014 Q1
10 quarters
|
|
|
VVUS
1716
DELISTED
Vivus Inc
VVUS
| $4.2M | 0.01% |
368,184
+43,499
| +13% | +$477K |
2015 Q2
5 quarters
|
|
|
ABCD
1717
DELISTED
Cambium Learning Group, Inc.
ABCD
| $4.19M | 0.01% |
772,200
+15,300
| +2% | +$75.6K |
2013 Q2
13 quarters
|
|
|
PBIP
1718
DELISTED
Prudential Bancorp, Inc.
PBIP
| $4.19M | 0.01% |
289,290
+2,800
| +1% | +$40.3K |
2013 Q2
13 quarters
|
|
1719
PennyMac Financial
PFSI
$3.11B
| $4.16M | 0.01% |
244,700
+58,200
| +31% | +$883K |
2014 Q2
9 quarters
|
|
|
ENDP
1720
DELISTED
Endo International plc
ENDP
| $4.15M | 0.01% |
206,060
+195,055
| +1,772% | +$3.88M |
2016 Q1
2 quarters
|
|
|
PZN
1721
DELISTED
Pzena Investment Management, Inc. Class A
PZN
| $4.14M | 0.01% |
538,300
+68,200
| +15% | +$526K |
2013 Q2
13 quarters
|
|
|
LEAF
1722
DELISTED
Leaf Group Ltd.
LEAF
| $4.14M | 0.01% |
728,500
+89,300
| +14% | +$503K |
2015 Q1
6 quarters
|
|
|
UMPQ
1723
DELISTED
Umpqua Holdings Corp
UMPQ
| $4.14M | 0.01% |
274,800
-201,900
| -42% | -$3.15M |
2014 Q4
7 quarters
|
|
1724
National Presto Industries
NPK
$1.08B
| $4.13M | 0.01% |
47,100
+1,900
| +4% | +$172K |
2014 Q4
7 quarters
|
|
|
CSII
1725
DELISTED
Cardiovascular Systems, Inc.
CSII
| $4.13M | 0.01% |
+174,100
| New | +$3.81M |
2016 Q3
0 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.