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 |
Apple
AAPL
|
+$535M |
| 2 |
Meta Platforms (Facebook)
META
|
+$388M |
| 3 |
SLB Ltd
SLB
|
+$348M |
| 4 |
Visa
V
|
+$230M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$203M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$350M |
| 2 |
Chevron
CVX
|
+$349M |
| 3 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$337M |
| 4 |
Dell
DELL
|
+$332M |
| 5 |
SODA
SodaStream International Ltd
SODA
|
+$251M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.12% |
| 2 | Technology | 13.68% |
| 3 | Financials | 11.18% |
| 4 | Real Estate | 10.07% |
| 5 | Consumer Discretionary | 9.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
VeriSign
VRSN
$28.2B
| $1.04B | 1.14% |
7,031,000
-6,800
| -0.1% | -$1.02M |
2013 Q2
22 quarters
|
|
2
Humana
HUM
$53.6B
| $1B | 1.1% |
3,507,800
+333,000
| +10% | +$106M |
2015 Q2
14 quarters
|
|
3
Novo Nordisk
NVO
$181B
| $956M | 1.05% |
41,489,142
+2,155,800
| +5% | +$47.9M |
2013 Q2
22 quarters
|
|
4
Palo Alto Networks
PANW
$274B
| $811M | 0.89% |
25,826,700
-2,080,500
| -7% | -$64.9M |
2015 Q2
14 quarters
|
|
5
PepsiCo
PEP
$196B
| $804M | 0.88% |
7,280,250
+660,000
| +10% | +$74.4M |
2013 Q2
22 quarters
|
|
|
6
Meta Platforms (Facebook)
META
$1.61T
| $788M | 0.86% |
6,009,362
+2,676,806
| +80% | +$388M |
2018 Q2
2 quarters
|
|
7
Domino's
DPZ
$10.8B
| $765M | 0.84% |
3,085,500
-98,300
| -3% | -$25.9M |
2013 Q2
22 quarters
|
|
8
Vertex Pharmaceuticals
VRTX
$139B
| $718M | 0.79% |
4,334,300
+245,183
| +6% | +$42.5M |
2017 Q1
7 quarters
|
|
9
Duke Energy
DUK
$100B
| $709M | 0.78% |
8,209,779
+2,158,650
| +36% | +$184M |
2014 Q1
19 quarters
|
|
10
Amgen
AMGN
$253B
| $697M | 0.76% |
3,578,600
-536,545
| -13% | -$105M |
2013 Q2
22 quarters
|
|
|
VMW
11
DELISTED
VMware, Inc
VMW
| $690M | 0.76% |
5,033,468
-102,700
| -2% | -$15.5M |
2014 Q3
17 quarters
|
|
12
Crown Castle
CCI
$37.9B
| $650M | 0.71% |
5,982,703
+577,403
| +11% | +$63.4M |
2015 Q1
15 quarters
|
|
|
ABMD
13
DELISTED
Abiomed Inc
ABMD
| $608M | 0.67% |
1,869,723
+150,700
| +9% | +$52.3M |
2015 Q1
15 quarters
|
|
|
14
Chipotle Mexican Grill
CMG
$46.3B
| $536M | 0.59% |
62,022,950
+22,422,950
| +57% | +$203M |
2016 Q4
8 quarters
|
|
15
Align Technology
ALGN
$12.1B
| $528M | 0.58% |
2,519,481
-258,900
| -9% | -$65.4M |
2013 Q2
22 quarters
|
|
16
American Tower
AMT
$88.2B
| $490M | 0.54% |
3,097,200
+114,561
| +4% | +$17.9M |
2014 Q3
17 quarters
|
|
17
Herbalife
HLF
$1.63B
| $483M | 0.53% |
8,200,140
+598,915
| +8% | +$33.1M |
2015 Q3
13 quarters
|
|
18
Progressive
PGR
$135B
| $472M | 0.52% |
7,831,396
-680,304
| -8% | -$45.3M |
2015 Q4
12 quarters
|
|
19
Molina Healthcare
MOH
$10.9B
| $464M | 0.51% |
3,989,555
+250,800
| +7% | +$32.9M |
2013 Q2
22 quarters
|
|
20
FirstEnergy
FE
$26.9B
| $457M | 0.5% |
12,181,100
-131,208
| -1% | -$4.97M |
2014 Q1
19 quarters
|
|
21
American Electric Power
AEP
$70.4B
| $455M | 0.5% |
6,085,700
+444,200
| +8% | +$33.3M |
2014 Q3
17 quarters
|
|
22
GSK
GSK
$101B
| $445M | 0.49% |
9,313,920
+1,205,760
| +15% | +$59.4M |
2013 Q2
22 quarters
|
|
|
23
Apple
AAPL
$5.17T
| $435M | 0.48% |
+11,041,936
| New | +$535M |
2018 Q4
0 quarters
|
|
24
UDR
UDR
$11.6B
| $431M | 0.47% |
10,886,598
+1,687,898
| +18% | +$68.2M |
2014 Q3
17 quarters
|
|
25
BP
BP
$117B
| $431M | 0.47% |
11,723,700
-762,338
| -6% | -$30.4M |
2017 Q2
6 quarters
|
|
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Renaissance Technologies's Q4 2018 Portfolio in Review
As of Q4 2018, Renaissance Technologies held 3,847 positions worth $91.3B, down 6.1% from $97.3B the previous quarter. Its ten largest holdings account for 9.1% of the portfolio.
Renaissance Technologies deployed $8.84B of net new capital in Q4 2018, opening 522 new positions and adding to 1,588 existing holdings. Its largest new stake was Apple: 11,041,936 shares worth $435M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 19% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Dell, an estimated $332M trimmed.
- Renaissance Technologies's largest Q4 2018 buy was Apple: 11,041,936 shares worth $435M.
- Renaissance Technologies added most to Meta Platforms (Facebook) in Q4 2018, an estimated $388M increase.
- Renaissance Technologies's biggest Q4 2018 reduction was Dell, cutting an estimated $332M.
- Renaissance Technologies fully exited Danaher in Q4 2018, selling an estimated $350M.
- Renaissance Technologies's ten largest holdings make up 9.1% of its $91.3B portfolio in Q4 2018.
- Renaissance Technologies opened 522 new positions and closed 504 in Q4 2018.
- Renaissance Technologies's portfolio value fell 6.1% quarter-over-quarter to $91.3B.
Based on Renaissance Technologies's 13F filing for Q4 2018, filed 13 Feb 2019.