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 |
Microsoft
MSFT
|
+$276M |
| 2 |
Procter & Gamble
PG
|
+$243M |
| 3 |
Analog Devices
ADI
|
+$188M |
| 4 |
Advanced Micro Devices
AMD
|
+$171M |
| 5 |
Home Depot
HD
|
+$162M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.95B |
| 2 |
Bristol-Myers Squibb
BMY
|
+$778M |
| 3 |
Walmart Inc
WMT
|
+$723M |
| 4 |
Zoom
ZM
|
+$642M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$573M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 22.93% |
| 2 | Technology | 16.65% |
| 3 | Consumer Staples | 12.19% |
| 4 | Consumer Discretionary | 9.52% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2076
Elbit Systems
ESLT
$38.9B
| $2.19M | ﹤0.01% |
18,200
-18,500
| -50% | -$2.44M |
|
2077
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
$3.08B
| $2.18M | ﹤0.01% |
71,200
-21,900
| -24% | -$669K |
|
2078
Atlanticus Holdings
ATLC
$1.63B
| $2.17M | ﹤0.01% |
182,708
+500
| +0.3% | +$5.04K |
|
|
CAMP
2079
DELISTED
CalAmp Corp.
CAMP
| $2.17M | ﹤0.01% |
13,109
-908
| -6% | -$170K |
|
|
ZUO
2080
DELISTED
Zuora, Inc.
ZUO
| $2.16M | ﹤0.01% |
208,700
-515,000
| -71% | -$5.96M |
|
2081
First Bancorp
FBP
$4.43B
| $2.15M | ﹤0.01% |
412,613
-102,863
| -20% | -$572K |
|
|
RUTH
2082
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $2.15M | ﹤0.01% |
194,500
-1,900
| -1% | -$17.2K |
|
2083
Data I/O
DAIO
$30.4M
| $2.14M | ﹤0.01% |
674,071
+14,808
| +2% | +$52.1K |
|
|
RNWK
2084
DELISTED
RealNetworks Inc
RNWK
| $2.14M | ﹤0.01% |
1,755,653
+152,605
| +10% | +$210K |
|
2085
Escalade
ESCA
$294M
| $2.14M | ﹤0.01% |
116,965
-29,700
| -20% | -$500K |
|
2086
FB Financial Corp
FBK
$3.05B
| $2.14M | ﹤0.01% |
85,128
+18,528
| +28% | +$479K |
|
2087
Byline Bancorp
BY
$1.81B
| $2.13M | ﹤0.01% |
189,300
-40,300
| -18% | -$504K |
|
2088
Western Alliance Bancorporation
WAL
$9.04B
| $2.13M | ﹤0.01% |
67,504
-72,498
| -52% | -$2.58M |
|
2089
Century Casinos
CNTY
$36.3M
| $2.13M | ﹤0.01% |
388,849
+800
| +0.2% | +$4.13K |
|
|
XHR
2090
Xenia Hotels & Resorts
XHR
$1.89B
| $2.13M | ﹤0.01% |
242,700
-378,600
| -61% | -$3.34M |
|
|
QEP
2091
DELISTED
QEP RESOURCES, INC.
QEP
| $2.13M | ﹤0.01% |
2,359,300
+1,179,701
| +100% | +$1.54M |
|
2092
Dine Brands
DIN
$458M
| $2.13M | ﹤0.01% |
39,000
-56,600
| -59% | -$2.86M |
|
2093
iShares S&P 500 Growth ETF
IVW
$75.5B
| $2.13M | ﹤0.01% |
36,800
+22,000
| +149% | +$1.25M |
|
|
AVYA
2094
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $2.12M | ﹤0.01% |
+139,763
| New | +$1.98M |
|
2095
Caleres
CAL
$470M
| $2.12M | ﹤0.01% |
+221,871
| New | +$1.78M |
|
2096
Artivion
AORT
$1.33B
| $2.12M | ﹤0.01% |
114,625
+97,825
| +582% | +$1.87M |
|
2097
Chemung Financial Corp
CHMG
$393M
| $2.11M | ﹤0.01% |
73,088
-5,000
| -6% | -$143K |
|
2098
Maui Land & Pineapple Co
MLP
$359M
| $2.11M | ﹤0.01% |
194,824
-4,281
| -2% | -$46.4K |
|
2099
Citizens
CIA
$236M
| $2.1M | ﹤0.01% |
379,600
-32,200
| -8% | -$187K |
|
|
INFI
2100
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $2.09M | ﹤0.01% |
1,786,933
+156,295
| +10% | +$161K |
|
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Renaissance Technologies's Q3 2020 Portfolio in Review
As of Q3 2020, Renaissance Technologies held 3,879 positions worth $100B, down 14% from $116B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Renaissance Technologies withdrew a net $21.7B in Q3 2020, closing 544 positions and reducing 1,671 holdings. Its most notable exit was Alibaba, an estimated $426M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, down from 23% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Renaissance Technologies opened a new position in Microsoft worth $277M.
- Renaissance Technologies's largest Q3 2020 buy was Microsoft: 1,315,812 shares worth $277M.
- Renaissance Technologies added most to Procter & Gamble in Q3 2020, an estimated $243M increase.
- Renaissance Technologies's biggest Q3 2020 reduction was Tesla, cutting an estimated $1.95B.
- Renaissance Technologies fully exited Alibaba in Q3 2020, selling an estimated $426M.
- Renaissance Technologies's ten largest holdings make up 15% of its $100B portfolio in Q3 2020.
- Renaissance Technologies opened 490 new positions and closed 544 in Q3 2020.
- Renaissance Technologies's portfolio value fell 14% quarter-over-quarter to $100B.
Based on Renaissance Technologies's 13F filing for Q3 2020, filed 13 Nov 2020.