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 | |
|---|---|---|---|---|---|---|
|
UBFO
2426
DELISTED
United Security Bancshares
UBFO
| $1.18M | ﹤0.01% |
192,358
-30,000
| -13% | -$189K |
|
2427
Scansource
SCSC
$1.15B
| $1.17M | ﹤0.01% |
59,210
+37,900
| +178% | +$859K |
|
|
JFU
2428
9F Inc
JFU
$23.9M
| $1.17M | ﹤0.01% |
+64,759
| New | +$2.33M |
|
|
KWY
2429
Kingsway Corp
KWY
$255M
| $1.17M | ﹤0.01% |
397,149
+100,007
| +34% | +$272K |
|
|
RTL
2430
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $1.17M | ﹤0.01% |
186,733
-133,700
| -42% | -$946K |
|
2431
Sprout Social
SPT
$516M
| $1.17M | ﹤0.01% |
30,400
-21,200
| -41% | -$672K |
|
|
FGH
2432
DELISTED
FG Group Holdings Inc.
FGH
| $1.17M | ﹤0.01% |
750,303
-24,507
| -3% | -$40.6K |
|
|
NREF
2433
NexPoint Real Estate Finance
NREF
$320M
| $1.17M | ﹤0.01% |
79,603
+29,603
| +59% | +$451K |
|
2434
Scholastic
SCHL
$767M
| $1.17M | ﹤0.01% |
55,699
-18,200
| -25% | -$446K |
|
2435
iShares Core S&P US Growth ETF
IUSG
$31.7B
| $1.17M | ﹤0.01% |
+14,600
| New | +$1.14M |
|
2436
CB Financial Services
CBFV
$186M
| $1.16M | ﹤0.01% |
60,973
-1,192
| -2% | -$22.5K |
|
2437
Vanguard Morningstar Mid-Cap ETF
VO
$106B
| $1.16M | ﹤0.01% |
26,400
-22,400
| -46% | -$976K |
|
|
AAIC
2438
DELISTED
Arlington Asset Investment Corp.
AAIC
| $1.16M | ﹤0.01% |
409,507
-100,974
| -20% | -$284K |
|
|
ITCL
2439
DELISTED
Banco Itau Chile American Depositary Shares (each representing one third of one (1/3) Common Share)
ITCL
| $1.16M | ﹤0.01% |
301,300
-16,766
| -5% | -$75.6K |
|
2440
Mustang Bio
MBIO
$4.32M
| $1.16M | ﹤0.01% |
492
-516
| -51% | -$1.27M |
|
|
CBAY
2441
DELISTED
Cymabay Therapeutics
CBAY
| $1.15M | ﹤0.01% |
158,920
+70,400
| +80% | +$376K |
|
2442
S&T Bancorp
STBA
$1.84B
| $1.14M | ﹤0.01% |
64,636
+51,700
| +400% | +$1.08M |
|
2443
Veru
VERU
$36M
| $1.14M | ﹤0.01% |
43,579
-90,790
| -68% | -$2.63M |
|
|
MRC
2444
DELISTED
MRC Global
MRC
| $1.14M | ﹤0.01% |
266,100
-140,800
| -35% | -$809K |
|
2445
ONE Gas
OGS
$4.87B
| $1.14M | ﹤0.01% |
+16,500
| New | +$1.22M |
|
2446
Newmark Group
NMRK
$2.66B
| $1.14M | ﹤0.01% |
263,043
-846,997
| -76% | -$3.66M |
|
|
ECOL
2447
DELISTED
US Ecology, Inc.
ECOL
| $1.14M | ﹤0.01% |
34,776
-86,530
| -71% | -$3.03M |
|
2448
Flanigan's Enterprises
BDL
$77.6M
| $1.14M | ﹤0.01% |
63,600
+2,200
| +4% | +$35.1K |
|
2449
iShares Russell 3000 ETF
IWV
$19.6B
| $1.14M | ﹤0.01% |
+5,800
| New | +$1.12M |
|
|
BCYC
2450
Bicycle Therapeutics
BCYC
$269M
| $1.13M | ﹤0.01% |
59,500
-15,200
| -20% | -$269K |
|
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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.