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 | |
|---|---|---|---|---|---|---|---|
1976
Espey Mfg & Electronics Corp
ESP
$170M
| $2.88M | 0.01% |
113,800
+2,400
| +2% | +$62.5K |
2013 Q2
13 quarters
|
|
|
OMED
1977
DELISTED
OncoMed Pharmaceuticals, Inc.
OMED
| $2.88M | 0.01% |
+251,600
| New | +$2.93M |
2016 Q3
0 quarters
|
|
1978
Digi International
DGII
$2.82B
| $2.87M | 0.01% |
252,000
+30,300
| +14% | +$344K |
2014 Q4
7 quarters
|
|
1979
Insmed
INSM
$21.7B
| $2.87M | 0.01% |
197,700
+48,400
| +32% | +$606K |
2016 Q1
2 quarters
|
|
1980
DELISTED
Array Biopharma Inc
ARRY
| $2.87M | 0.01% |
424,452
+407,000
| +2,332% | +$1.57M |
2015 Q1
6 quarters
|
|
1981
DELISTED
Kennedy-Wilson Holdings
KW
| $2.86M | 0.01% |
127,000
-247,100
| -66% | -$5.25M |
2014 Q3
8 quarters
|
|
|
MIK
1982
DELISTED
Michaels Stores, Inc
MIK
| $2.86M | 0.01% |
118,400
+59,500
| +101% | +$1.52M |
2016 Q2
1 quarter
|
|
1983
Citizens & Northern Corp
CZNC
$453M
| $2.85M | 0.01% |
129,700
-21,500
| -14% | -$456K |
2014 Q4
7 quarters
|
|
1984
Genesis Energy
GEL
$1.76B
| $2.85M | 0.01% |
75,000
+54,300
| +262% | +$1.99M |
2016 Q1
2 quarters
|
|
1985
James Hardie Industries
JHX
$14.6B
| $2.85M | 0.01% |
180,900
+15,600
| +9% | +$254K |
2014 Q3
8 quarters
|
|
1986
German American Bancorp
GABC
$1.83B
| $2.84M | 0.01% |
109,350
-5,850
| -5% | -$138K |
2013 Q2
13 quarters
|
|
1987
DELISTED
Everi Holdings
EVRI
| $2.83M | 0.01% |
1,146,200
+381,700
| +50% | +$759K |
2013 Q2
13 quarters
|
|
|
WMGI
1988
DELISTED
Wright Medical Group Inc
WMGI
| $2.83M | 0.01% |
115,207
-20,904
| -15% | -$481K |
2015 Q3
4 quarters
|
|
|
REGI
1989
DELISTED
Renewable Energy Group, Inc.
REGI
| $2.82M | 0.01% |
332,561
+108,334
| +48% | +$958K |
2016 Q1
2 quarters
|
|
1990
United-Guardian
UG
$31.5M
| $2.81M | 0.01% |
191,900
+10,800
| +6% | +$163K |
2013 Q2
13 quarters
|
|
1991
NatWest
NWG
$68.5B
| $2.81M | 0.01% |
560,300
-1,118,484
| -67% | -$5.97M |
2015 Q4
3 quarters
|
|
|
NETI
1992
DELISTED
Eneti Inc.
NETI
| $2.81M | 0.01% |
87,243
+17,872
| +26% | +$556K |
2016 Q1
2 quarters
|
|
|
ORBC
1993
DELISTED
ORBCOMM, Inc.
ORBC
| $2.81M | 0.01% |
+273,700
| New | +$2.8M |
2016 Q3
0 quarters
|
|
|
SEAC
1994
DELISTED
Seachange International Inc
SEAC
| $2.8M | ﹤0.01% |
46,756
+9,470
| +25% | +$589K |
2013 Q2
13 quarters
|
|
1995
DELISTED
Iconix Brand Group, Inc.
ICON
| $2.8M | ﹤0.01% |
+34,438
| New | +$2.68M |
2016 Q3
0 quarters
|
|
|
TTPH
1996
DELISTED
Tetraphase Pharmaceuticals, Inc.
TTPH
| $2.79M | ﹤0.01% |
36,450
-2,790
| -7% | -$224K |
2015 Q4
3 quarters
|
|
1997
AllianceBernstein
AB
$3.2B
| $2.79M | ﹤0.01% |
122,400
+99,900
| +444% | +$2.26M |
2015 Q4
3 quarters
|
|
1998
DELISTED
Marlin Business Services Corp
MRLN
| $2.79M | ﹤0.01% |
143,800
+35,600
| +33% | +$645K |
2013 Q2
13 quarters
|
|
1999
Shore Bancshares
SHBI
$754M
| $2.78M | ﹤0.01% |
236,100
+32,100
| +16% | +$376K |
2013 Q2
13 quarters
|
|
2000
Octave Specialty Group
OSG
$213M
| $2.77M | ﹤0.01% |
150,800
+85,566
| +131% | +$1.54M |
2016 Q1
2 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.