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 | |
|---|---|---|---|---|---|---|---|
1901
Forestar Group
FOR
$1.31B
| $3.22M | 0.01% |
275,300
+107,400
| +64% | +$1.3M |
2016 Q1
2 quarters
|
|
1902
NGL Energy Partners
NGL
$1.85B
| $3.22M | 0.01% |
+171,100
| New | +$3.15M |
2016 Q3
0 quarters
|
|
1903
DELISTED
Heritage Commerce
HTBK
| $3.22M | 0.01% |
294,600
+8,700
| +3% | +$96.3K |
2013 Q2
13 quarters
|
|
1904
FNB Corp
FNB
$6.12B
| $3.22M | 0.01% |
261,642
+119,524
| +84% | +$1.48M |
2014 Q4
7 quarters
|
|
1905
RadNet
RDNT
$5.56B
| $3.21M | 0.01% |
434,400
+140,700
| +48% | +$896K |
2014 Q2
9 quarters
|
|
1906
Watts Water Technologies
WTS
$11.7B
| $3.21M | 0.01% |
49,500
+9,000
| +22% | +$565K |
2015 Q1
6 quarters
|
|
|
APIC
1907
DELISTED
Apigee Corporation Common Stock
APIC
| $3.21M | 0.01% |
184,500
+80,700
| +78% | +$1.18M |
2015 Q4
3 quarters
|
|
1908
DELISTED
Golden Entertainment
GDEN
| $3.21M | 0.01% |
257,000
-22,500
| -8% | -$287K |
2013 Q2
13 quarters
|
|
1909
DELISTED
Kaman Corp
KAMN
| $3.2M | 0.01% |
72,922
+65,800
| +924% | +$2.88M |
2015 Q1
6 quarters
|
|
1910
Waters Corp
WAT
$42.1B
| $3.2M | 0.01% |
+20,200
| New | +$3.13M |
2016 Q3
0 quarters
|
|
1911
Global Partners
GLP
$1.68B
| $3.2M | 0.01% |
198,000
+59,998
| +43% | +$879K |
2015 Q4
3 quarters
|
|
1912
Gaia
GAIA
$33.6M
| $3.19M | 0.01% |
442,900
-4,600
| -1% | -$36.1K |
2013 Q2
13 quarters
|
|
1913
Kforce
KFRC
$927M
| $3.19M | 0.01% |
155,600
-26,500
| -15% | -$494K |
2014 Q4
7 quarters
|
|
1914
Gulf Resources
GURE
$5.33M
| $3.19M | 0.01% |
29,775
+5,061
| +20% | +$444K |
2013 Q2
13 quarters
|
|
|
PEGI
1915
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $3.19M | 0.01% |
141,600
+114,900
| +430% | +$2.73M |
2016 Q2
1 quarter
|
|
1916
Scholastic
SCHL
$720M
| $3.17M | 0.01% |
80,501
+4,100
| +5% | +$165K |
2015 Q3
4 quarters
|
|
1917
Onity Group
ONIT
$219M
| $3.15M | 0.01% |
57,313
-79,074
| -58% | -$3.23M |
2016 Q2
1 quarter
|
|
1918
Ares Commercial Real Estate
ACRE
$200M
| $3.15M | 0.01% |
250,000
-54,300
| -18% | -$684K |
2013 Q2
13 quarters
|
|
|
BPY
1919
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
| $3.15M | 0.01% |
137,414
-47,986
| -26% | -$1.13M |
2016 Q1
2 quarters
|
|
|
TRIB
1920
Trinity Biotech
TRIB
$5.46M
| $3.14M | 0.01% |
1,583
+499
| +46% | +$932K |
2013 Q2
13 quarters
|
|
|
EEQ
1921
DELISTED
Enbridge Energy Management Llc
EEQ
| $3.14M | 0.01% |
151,991
+71,821
| +90% | +$1.37M |
2015 Q3
4 quarters
|
|
|
CBF
1922
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
| $3.12M | 0.01% |
97,300
+4,200
| +5% | +$127K |
2013 Q2
13 quarters
|
|
1923
CrossAmerica Partners
CAPL
$828M
| $3.12M | 0.01% |
123,000
+51,800
| +73% | +$1.29M |
2016 Q2
1 quarter
|
|
1924
Metallus
MTUS
$831M
| $3.12M | 0.01% |
298,700
-95,800
| -24% | -$952K |
2015 Q1
6 quarters
|
|
|
OME
1925
DELISTED
Omega Protein
OME
| $3.12M | 0.01% |
+133,500
| New | +$3.14M |
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.