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
EMC CORPORATION
EMC
|
+$228M |
| 3 |
GAS
AGL Resources Inc
GAS
|
+$216M |
| 4 |
TE
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 | |
|---|---|---|---|---|---|---|---|
|
MBT
176
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $69.6M | 0.12% |
9,121,300
+938,400
| +11% | +$7.94M |
2014 Q3
8 quarters
|
|
|
IDTI
177
DELISTED
Integrated Device Technology I
IDTI
| $69.2M | 0.12% |
2,996,853
-369,600
| -11% | -$7.63M |
2014 Q2
9 quarters
|
|
|
DCM
178
DELISTED
NTT DOCOMO, Inc.
DCM
| $68.8M | 0.12% |
2,705,900
+80,600
| +3% | +$2.13M |
2013 Q2
13 quarters
|
|
179
Commault Systems
CVLT
$6.24B
| $68.4M | 0.12% |
1,286,600
+238,900
| +23% | +$12M |
2013 Q2
13 quarters
|
|
|
BRCD
180
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $67.6M | 0.12% |
7,328,325
-212,100
| -3% | -$1.98M |
2013 Q2
13 quarters
|
|
181
Danaher
DHR
$152B
| $67.2M | 0.12% |
966,696
+172,194
| +22% | +$12.2M |
2015 Q4
3 quarters
|
|
|
PF
182
DELISTED
Pinnacle Foods, Inc.
PF
| $66.5M | 0.12% |
1,326,300
+115,100
| +10% | +$5.7M |
2013 Q4
11 quarters
|
|
183
Fastenal
FAST
$58.1B
| $66.5M | 0.12% |
6,366,576
+4,418,000
| +227% | +$47M |
2016 Q2
1 quarter
|
|
184
Coca-Cola Femsa
KOF
$23.1B
| $66.4M | 0.12% |
885,600
+43,100
| +5% | +$3.34M |
2013 Q2
13 quarters
|
|
185
Cleveland-Cliffs
CLF
$6.95B
| $66.4M | 0.12% |
11,350,499
-3,163,100
| -22% | -$20.6M |
2015 Q1
6 quarters
|
|
186
Southwest Airlines
LUV
$20B
| $66.4M | 0.12% |
1,706,500
+934,020
| +121% | +$35.5M |
2016 Q2
1 quarter
|
|
187
Dolby
DLB
$5.49B
| $66.1M | 0.12% |
1,218,300
+428,900
| +54% | +$21.5M |
2013 Q2
13 quarters
|
|
188
Gold Fields
GFI
$32B
| $65.3M | 0.12% |
13,466,500
+63,100
| +0.5% | +$357K |
2013 Q2
13 quarters
|
|
189
NetApp
NTAP
$45.4B
| $65M | 0.11% |
1,815,432
+838,200
| +86% | +$25.6M |
2013 Q4
11 quarters
|
|
190
WD-40
WDFC
$2.73B
| $64.9M | 0.11% |
576,900
-62,100
| -10% | -$7.26M |
2013 Q2
13 quarters
|
|
191
America Movil
AMX
$66.3B
| $64.8M | 0.11% |
5,662,200
-2,083,100
| -27% | -$24.8M |
2015 Q1
6 quarters
|
|
192
Molina Healthcare
MOH
$10.2B
| $64.7M | 0.11% |
1,110,200
+62,400
| +6% | +$3.44M |
2013 Q2
13 quarters
|
|
|
LLL
193
DELISTED
L3 Technologies, Inc.
LLL
| $64.2M | 0.11% |
426,100
-155,500
| -27% | -$23.2M |
2015 Q4
3 quarters
|
|
|
CSC
194
DELISTED
Computer Sciences
CSC
| $64.2M | 0.11% |
1,229,400
+519,500
| +73% | +$25.1M |
2014 Q1
10 quarters
|
|
195
MSC Industrial Direct
MSM
$7.18B
| $64.1M | 0.11% |
873,000
+376,500
| +76% | +$27.4M |
2015 Q3
4 quarters
|
|
196
Masco
MAS
$13.7B
| $63.7M | 0.11% |
1,856,300
+1,349,500
| +266% | +$46.7M |
2014 Q4
7 quarters
|
|
|
X
197
DELISTED
US Steel
X
| $63.2M | 0.11% |
3,349,700
-325,100
| -9% | -$6.71M |
2016 Q1
2 quarters
|
|
|
AIV
198
Aimco
AIV
$256M
| $62.8M | 0.11% |
10,269,308
+96,387
| +0.9% | +$580K |
2013 Q2
13 quarters
|
|
199
UGI
UGI
$7.93B
| $62.8M | 0.11% |
1,388,050
-327,300
| -19% | -$14.9M |
2013 Q3
12 quarters
|
|
|
ORBK
200
DELISTED
Orbotech Ltd
ORBK
| $62.7M | 0.11% |
2,116,800
+64,000
| +3% | +$1.81M |
2013 Q2
13 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.