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 |
Costco
COST
|
+$616M |
| 2 |
Netflix
NFLX
|
+$481M |
| 3 |
Micron Technology
MU
|
+$416M |
| 4 |
Tesla
TSLA
|
+$416M |
| 5 |
Procter & Gamble
PG
|
+$322M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$885M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$660M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$463M |
| 4 |
Applovin
APP
|
+$430M |
| 5 |
Meta Platforms (Facebook)
META
|
+$354M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.84% |
| 2 | Healthcare | 15.76% |
| 3 | Consumer Discretionary | 13.86% |
| 4 | Industrials | 9.95% |
| 5 | Financials | 8.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
201
W.W. Grainger
GWW
$59.8B
| $75M | 0.12% |
74,280
+7,480
| +11% | +$7.25M |
2021 Q3
17 quarters
|
|
202
Collegium Pharmaceutical
COLL
$720M
| $74.9M | 0.12% |
1,617,349
+18,160
| +1% | +$760K |
2019 Q2
26 quarters
|
|
203
Brady Corp
BRC
$3.96B
| $74.7M | 0.12% |
953,640
-114,400
| -11% | -$8.85M |
2014 Q3
45 quarters
|
|
|
MRSH
204
Marsh
MRSH
$84.3B
| $73.8M | 0.11% |
397,600
-722,700
| -65% | -$135M |
2023 Q4
8 quarters
|
|
205
AGNC Investment
AGNC
$10.3B
| $73.6M | 0.11% |
6,861,679
+592,550
| +9% | +$6.09M |
2025 Q1
3 quarters
|
|
206
ResMed
RMD
$31.9B
| $73.3M | 0.11% |
304,480
+246,480
| +425% | +$63M |
2024 Q2
6 quarters
|
|
207
Lockheed Martin
LMT
$117B
| $73.3M | 0.11% |
+151,480
| New | +$72.5M |
2025 Q4
0 quarters
|
|
208
Dillards
DDS
$10.1B
| $72.6M | 0.11% |
119,780
-24,320
| -17% | -$15.3M |
2021 Q3
17 quarters
|
|
209
Herbalife
HLF
$1.34B
| $72.4M | 0.11% |
5,619,568
-1,068,900
| -16% | -$11.3M |
2015 Q3
41 quarters
|
|
210
State Street Financial Select Sector SPDR ETF
XLF
$50.7B
| $72.3M | 0.11% |
1,319,810
+1,230,400
| +1,376% | +$65.6M |
2024 Q4
4 quarters
|
|
211
DNOW Inc
DNOW
$2.83B
| $71.5M | 0.11% |
5,394,325
+1,605,411
| +42% | +$22.5M |
2016 Q1
39 quarters
|
|
212
Entergy
ETR
$49B
| $70.5M | 0.11% |
762,900
+190,900
| +33% | +$18.1M |
2024 Q4
4 quarters
|
|
213
Morningstar
MORN
$7.61B
| $70.4M | 0.11% |
323,770
-137,000
| -30% | -$29.7M |
2013 Q2
50 quarters
|
|
214
Biogen
BIIB
$32.3B
| $70.3M | 0.11% |
399,196
-565,210
| -59% | -$92.3M |
2018 Q1
31 quarters
|
|
215
GE Aerospace
GE
$317B
| $70M | 0.11% |
+227,357
| New | +$68.5M |
2025 Q4
0 quarters
|
|
216
General Mills
GIS
$17.4B
| $70M | 0.11% |
1,505,323
-25,877
| -2% | -$1.23M |
2025 Q3
1 quarter
|
|
217
Abbott
ABT
$170B
| $69.9M | 0.11% |
+558,066
| New | +$71.1M |
2025 Q4
0 quarters
|
|
218
Verizon
VZ
$193B
| $68.8M | 0.11% |
1,689,293
+215,204
| +15% | +$8.73M |
2025 Q2
2 quarters
|
|
219
Brookdale Senior Living
BKD
$2.6B
| $68.7M | 0.11% |
6,363,464
-925,856
| -13% | -$9.1M |
2017 Q4
32 quarters
|
|
220
Union Pacific
UNP
$165B
| $68.3M | 0.11% |
295,200
-650,500
| -69% | -$148M |
2024 Q1
7 quarters
|
|
221
Astera Labs
ALAB
$60.2B
| $67.6M | 0.1% |
406,401
-436,900
| -52% | -$73.1M |
2024 Q2
6 quarters
|
|
222
Tapestry
TPR
$23.1B
| $66.6M | 0.1% |
521,494
-194,406
| -27% | -$22.2M |
2024 Q1
7 quarters
|
|
|
FIG
223
Figma
FIG
$12.1B
| $66.1M | 0.1% |
+1,768,200
| New | +$79.9M |
2025 Q4
0 quarters
|
|
224
Carrier Global
CARR
$46B
| $65.5M | 0.1% |
+1,239,100
| New | +$68.9M |
2025 Q4
0 quarters
|
|
225
HF Sinclair
DINO
$21.5B
| $65.4M | 0.1% |
1,418,447
+608,472
| +75% | +$31.4M |
2024 Q3
5 quarters
|
|
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Renaissance Technologies's Q4 2025 Portfolio in Review
As of Q4 2025, Renaissance Technologies held 3,923 positions worth $64.5B, down 15% from $75.8B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Renaissance Technologies withdrew a net $10.1B in Q4 2025, closing 736 positions and reducing 1,682 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $354M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Renaissance Technologies opened a new position in ServiceNow worth $204M.
- Renaissance Technologies's largest Q4 2025 buy was ServiceNow: 1,331,977 shares worth $204M.
- Renaissance Technologies added most to Costco in Q4 2025, an estimated $616M increase.
- Renaissance Technologies's biggest Q4 2025 reduction was NVIDIA, cutting an estimated $885M.
- Renaissance Technologies fully exited Meta Platforms (Facebook) in Q4 2025, selling an estimated $354M.
- Renaissance Technologies's ten largest holdings make up 12% of its $64.5B portfolio in Q4 2025.
- Renaissance Technologies opened 466 new positions and closed 736 in Q4 2025.
- Renaissance Technologies's portfolio value fell 15% quarter-over-quarter to $64.5B.
Based on Renaissance Technologies's 13F filing for Q4 2025, filed 12 Feb 2026.