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 |
CELG
Celgene Corp
CELG
|
+$628M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$567M |
| 3 |
Biogen
BIIB
|
+$405M |
| 4 |
UnitedHealth
UNH
|
+$392M |
| 5 |
Walmart Inc
WMT
|
+$301M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$451M |
| 2 |
PepsiCo
PEP
|
+$382M |
| 3 |
Philip Morris
PM
|
+$256M |
| 4 |
Roku
ROKU
|
+$252M |
| 5 |
RHT
Red Hat Inc
RHT
|
+$248M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.91% |
| 2 | Technology | 12.35% |
| 3 | Consumer Discretionary | 10.31% |
| 4 | Financials | 9.99% |
| 5 | Consumer Staples | 8.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1901
NovaGold Resources
NG
$2.56B
| $4.12M | ﹤0.01% |
+677,400
| New | +$4.44M |
|
1902
Preformed Line Products
PLPC
$1.75B
| $4.12M | ﹤0.01% |
75,400
+100
| +0.1% | +$5.36K |
|
1903
PRA Group
PRAA
$663M
| $4.12M | ﹤0.01% |
121,800
-20,600
| -14% | -$656K |
|
|
OTIC
1904
DELISTED
Otonomy, Inc.
OTIC
| $4.11M | ﹤0.01% |
1,720,869
-2,048
| -0.1% | -$4.88K |
|
|
ICAD
1905
DELISTED
iCAD Inc
ICAD
| $4.11M | ﹤0.01% |
600,170
-3,100
| -0.5% | -$20.2K |
|
|
FTR
1906
DELISTED
Frontier Communications Corp.
FTR
| $4.11M | ﹤0.01% |
4,739,985
+191,012
| +4% | +$215K |
|
1907
Farmers National Banc Corp
FMNB
$939M
| $4.11M | ﹤0.01% |
283,600
+22,000
| +8% | +$314K |
|
1908
Standard Motor Products
SMP
$851M
| $4.1M | ﹤0.01% |
84,500
-25,300
| -23% | -$1.16M |
|
|
JE
1909
DELISTED
Just Energy Group Inc
JE
| $4.1M | ﹤0.01% |
52,390
+4,206
| +9% | +$366K |
|
|
SEAC
1910
DELISTED
Seachange International Inc
SEAC
| $4.09M | ﹤0.01% |
71,081
-4,010
| -5% | -$174K |
|
|
TGA
1911
DELISTED
Transglobe Energy Corp
TGA
| $4.08M | ﹤0.01% |
3,069,467
-16,100
| -0.5% | -$22.9K |
|
|
ECOM
1912
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $4.06M | ﹤0.01% |
435,600
+51,400
| +13% | +$472K |
|
1913
SmartFinancial
SMBK
$896M
| $4.06M | ﹤0.01% |
194,874
+44,690
| +30% | +$942K |
|
1914
AstroNova
ALOT
$225M
| $4.06M | ﹤0.01% |
250,850
-6,326
| -2% | -$132K |
|
|
KAMN
1915
DELISTED
Kaman Corp
KAMN
| $4.05M | ﹤0.01% |
+68,122
| New | +$4.08M |
|
|
MGIC
1916
DELISTED
Magic Software Enterprises
MGIC
| $4.05M | ﹤0.01% |
440,665
+21,531
| +5% | +$195K |
|
|
GV
1917
DELISTED
Goldfield Corporation
GV
| $4.03M | ﹤0.01% |
1,875,330
-21,879
| -1% | -$48.3K |
|
1918
Lennar Class B
LEN.B
$19.4B
| $4.03M | ﹤0.01% |
95,432
+39,610
| +71% | +$1.51M |
|
|
SEM
1919
DELISTED
Select Medical
SEM
| $4.02M | ﹤0.01% |
450,637
+298,074
| +195% | +$2.61M |
|
1920
Air T
AIRT
$75.5M
| $4.01M | ﹤0.01% |
213,511
-600
| -0.3% | -$10.3K |
|
1921
Universal Insurance Holdings
UVE
$1.22B
| $4.01M | ﹤0.01% |
133,708
+30,108
| +29% | +$822K |
|
1922
Turning Point Brands
TPB
$1.45B
| $4M | ﹤0.01% |
173,343
-182,500
| -51% | -$6.95M |
|
|
MSON
1923
DELISTED
Misonix Inc
MSON
| $3.99M | ﹤0.01% |
198,700
-29,800
| -13% | -$645K |
|
1924
Pixelworks
PXLW
$38.2M
| $3.98M | ﹤0.01% |
89,744
+18,734
| +26% | +$743K |
|
1925
Aviat Networks
AVNW
$265M
| $3.98M | ﹤0.01% |
582,570
-34
| -0% | -$228 |
|
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Renaissance Technologies's Q3 2019 Portfolio in Review
As of Q3 2019, Renaissance Technologies held 3,920 positions worth $118B, up 4% from $114B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Renaissance Technologies deployed $5.29B of net new capital in Q3 2019, opening 406 new positions and adding to 1,848 existing holdings. Its largest new stake was UnitedHealth: 1,624,826 shares worth $353M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, up from 18% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Apple, an estimated $451M trimmed.
- Renaissance Technologies's largest Q3 2019 buy was UnitedHealth: 1,624,826 shares worth $353M.
- Renaissance Technologies added most to Celgene Corp in Q3 2019, an estimated $628M increase.
- Renaissance Technologies's biggest Q3 2019 reduction was Apple, cutting an estimated $451M.
- Renaissance Technologies fully exited Red Hat Inc in Q3 2019, selling an estimated $248M.
- Renaissance Technologies's ten largest holdings make up 11% of its $118B portfolio in Q3 2019.
- Renaissance Technologies opened 406 new positions and closed 522 in Q3 2019.
- Renaissance Technologies's portfolio value rose 4% quarter-over-quarter to $118B.
Based on Renaissance Technologies's 13F filing for Q3 2019, filed 13 Nov 2019.