Renaissance Technologies Portfolio holdings
Renaissance Technologies is a hedge fund firm that trades with computer models built on mathematics and statistics. It began in 1978 as Monemetrics, founded by Jim Simons, a mathematician and former Cold War codebreaker, and took its current name in 1982. The firm launched its Medallion Fund in 1988 and staffs its research with mathematicians, statisticians, physicists, astronomers and computer scientists. Medallion trades over short time spans across many asset types, and it has been closed to outside investors since 1993, open only to current and past employees and their families.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PepsiCo
PEP
|
+$228M |
| 2 |
General Dynamics
GD
|
+$195M |
| 3 |
Apple
AAPL
|
+$191M |
| 4 |
SWY
SAFEWAY INC
SWY
|
+$180M |
| 5 |
LVLT
Level 3 Communications Inc
LVLT
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWTC
TW TELECOM INC CL A COM
TWTC
|
+$380M |
| 2 |
McDonald's
MCD
|
+$284M |
| 3 |
Meta Platforms (Facebook)
META
|
+$181M |
| 4 |
ExxonMobil
XOM
|
+$153M |
| 5 |
TJX Companies
TJX
|
+$148M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.39% |
| 2 | Healthcare | 13.34% |
| 3 | Consumer Staples | 13.13% |
| 4 | Industrials | 11.56% |
| 5 | Financials | 9.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Colgate-Palmolive
CL
$76B
| $870M | 2.1% |
12,575,400
+1,552,700
| +14% | +$105M |
2013 Q2
6 quarters
|
|
2
Novo Nordisk
NVO
$176B
| $661M | 1.6% |
31,229,200
-983,000
| -3% | -$22M |
2013 Q2
6 quarters
|
|
3
Alaska Air
ALK
$3.99B
| $467M | 1.13% |
7,811,600
-1,136,600
| -13% | -$59.9M |
2013 Q2
6 quarters
|
|
|
LLTC
4
DELISTED
Linear Technology Corp
LLTC
| $455M | 1.1% |
9,985,700
-1,206,300
| -11% | -$52.5M |
2013 Q2
6 quarters
|
|
5
Hershey
HSY
$33.3B
| $448M | 1.08% |
4,306,600
-606,900
| -12% | -$59.1M |
2013 Q2
6 quarters
|
|
6
Becton Dickinson
BDX
$53.9B
| $369M | 0.89% |
2,714,918
+461,865
| +20% | +$59.1M |
2013 Q3
5 quarters
|
|
|
7
McDonald's
MCD
$183B
| $360M | 0.87% |
3,842,600
-3,032,500
| -44% | -$284M |
2013 Q2
6 quarters
|
|
8
TSMC
TSM
$2.11T
| $349M | 0.84% |
15,607,071
-5,899,480
| -27% | -$129M |
2013 Q2
6 quarters
|
|
9
Domino's
DPZ
$10.3B
| $340M | 0.82% |
3,607,800
+252,700
| +8% | +$22.7M |
2013 Q2
6 quarters
|
|
10
Costco
COST
$449B
| $277M | 0.67% |
1,955,213
+400,300
| +26% | +$54.4M |
2013 Q2
6 quarters
|
|
11
NetEase
NTES
$72.8B
| $262M | 0.63% |
13,228,000
-615,500
| -4% | -$11.8M |
2013 Q2
6 quarters
|
|
12
VeriSign
VRSN
$27.6B
| $260M | 0.63% |
4,564,576
+131,600
| +3% | +$7.6M |
2013 Q2
6 quarters
|
|
13
GSK
GSK
$99.2B
| $257M | 0.62% |
4,805,440
-656,640
| -12% | -$36.7M |
2013 Q2
6 quarters
|
|
14
Ryanair
RYAAY
$27.8B
| $252M | 0.61% |
8,629,228
+155,513
| +2% | +$3.89M |
2013 Q2
6 quarters
|
|
15
Procter & Gamble
PG
$374B
| $249M | 0.6% |
2,735,899
+1,970,499
| +257% | +$173M |
2014 Q2
2 quarters
|
|
16
Johnson & Johnson
JNJ
$658B
| $244M | 0.59% |
2,336,700
-306,300
| -12% | -$32.3M |
2013 Q2
6 quarters
|
|
17
Cboe Global Markets
CBOE
$35B
| $238M | 0.57% |
3,748,400
+130,300
| +4% | +$7.78M |
2013 Q2
6 quarters
|
|
|
18
PepsiCo
PEP
$187B
| $232M | 0.56% |
2,450,962
+2,377,562
| +3,239% | +$228M |
2013 Q2
6 quarters
|
|
19
Kimberly-Clark
KMB
$35.9B
| $212M | 0.51% |
1,836,000
+236,038
| +15% | +$26.2M |
2013 Q2
6 quarters
|
|
20
Chipotle Mexican Grill
CMG
$40.3B
| $210M | 0.51% |
15,360,000
+4,680,000
| +44% | +$61.2M |
2013 Q2
6 quarters
|
|
|
SWY
21
DELISTED
SAFEWAY INC
SWY
| $210M | 0.51% |
5,980,800
+5,215,900
| +682% | +$180M |
2013 Q2
6 quarters
|
|
22
Philip Morris
PM
$325B
| $208M | 0.5% |
2,551,000
+1,295,400
| +103% | +$111M |
2013 Q2
6 quarters
|
|
|
LVLT
23
DELISTED
Level 3 Communications Inc
LVLT
| $208M | 0.5% |
4,204,280
+3,790,259
| +915% | +$175M |
2013 Q4
4 quarters
|
|
24
Allegiant Air
ALGT
$1.95B
| $206M | 0.5% |
1,373,500
-8,100
| -0.6% | -$1.06M |
2013 Q2
6 quarters
|
|
25
Bank of America
BAC
$346B
| $205M | 0.49% |
11,451,166
+4,595,300
| +67% | +$78.6M |
2014 Q2
2 quarters
|
|
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Renaissance Technologies's Q4 2014 Portfolio in Review
As of Q4 2014, Renaissance Technologies held 3,351 positions worth $41.4B, up 13% from $36.5B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Renaissance Technologies deployed $3.19B of net new capital in Q4 2014, opening 590 new positions and adding to 1,468 existing holdings. Its largest new stake was General Dynamics: 1,436,400 shares worth $198M.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Consumer Staples.
On the sell side, the largest reduction was McDonald's, an estimated $284M trimmed.
- Renaissance Technologies's largest Q4 2014 buy was General Dynamics: 1,436,400 shares worth $198M.
- Renaissance Technologies added most to PepsiCo in Q4 2014, an estimated $228M increase.
- Renaissance Technologies's biggest Q4 2014 reduction was McDonald's, cutting an estimated $284M.
- Renaissance Technologies fully exited TW TELECOM INC CL A COM in Q4 2014, selling an estimated $380M.
- Renaissance Technologies's ten largest holdings make up 11% of its $41.4B portfolio in Q4 2014.
- Renaissance Technologies opened 590 new positions and closed 412 in Q4 2014.
- Renaissance Technologies's portfolio value rose 13% quarter-over-quarter to $41.4B.
Based on Renaissance Technologies's 13F filing for Q4 2014, filed 13 Feb 2015.