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 |
Netflix
NFLX
|
+$385M |
| 2 |
Microsoft
MSFT
|
+$368M |
| 3 |
Berkshire Hathaway Class A
BRK.A
|
+$298M |
| 4 |
Delta Air Lines
DAL
|
+$208M |
| 5 |
Carnival Corporation Ltd
CCL
|
+$203M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$1.34B |
| 2 |
Tesla
TSLA
|
+$353M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$303M |
| 4 |
NVIDIA
NVDA
|
+$290M |
| 5 |
Boeing
BA
|
+$286M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.34% |
| 2 | Healthcare | 18.47% |
| 3 | Consumer Discretionary | 12.39% |
| 4 | Consumer Staples | 10.13% |
| 5 | Industrials | 9.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Novo Nordisk
NVO
$184B
| $1.48B | 2.52% |
16,229,476
-2,512,500
| -13% | -$221M |
2013 Q2
41 quarters
|
|
2
Apple
AAPL
$5.18T
| $719M | 1.23% |
4,201,607
-720,189
| -15% | -$132M |
2020 Q3
12 quarters
|
|
3
Palantir
PLTR
$405B
| $698M | 1.19% |
43,604,653
+3,805,496
| +10% | +$60.6M |
2021 Q2
9 quarters
|
|
4
VeriSign
VRSN
$28.1B
| $627M | 1.07% |
3,094,490
+37,900
| +1% | +$7.87M |
2013 Q2
41 quarters
|
|
|
5
Berkshire Hathaway Class A
BRK.A
$1.26T
| $618M | 1.05% |
1,163
+552
| +90% | +$298M |
2023 Q2
1 quarter
|
|
6
Airbnb
ABNB
$110B
| $618M | 1.05% |
4,503,256
-791,271
| -15% | -$109M |
2021 Q2
9 quarters
|
|
7
Vertex Pharmaceuticals
VRTX
$137B
| $579M | 0.99% |
1,664,088
+391,927
| +31% | +$137M |
2017 Q1
26 quarters
|
|
|
8
NVIDIA
NVDA
$3.93T
| $526M | 0.9% |
12,092,870
-6,466,170
| -35% | -$290M |
2023 Q1
2 quarters
|
|
|
9
Netflix
NFLX
$255B
| $522M | 0.89% |
13,827,000
+9,083,670
| +192% | +$385M |
2022 Q3
4 quarters
|
|
10
United Therapeutics
UTHR
$25.2B
| $508M | 0.87% |
2,250,508
+63,294
| +3% | +$14.6M |
2013 Q2
41 quarters
|
|
11
Hershey
HSY
$35B
| $501M | 0.85% |
2,503,975
+208,208
| +9% | +$46.6M |
2013 Q2
41 quarters
|
|
12
Gilead Sciences
GILD
$208B
| $483M | 0.82% |
6,443,384
-1,338,032
| -17% | -$103M |
2014 Q4
35 quarters
|
|
13
Franco-Nevada
FNV
$47.7B
| $447M | 0.76% |
3,347,138
-153,565
| -4% | -$21.7M |
2014 Q1
38 quarters
|
|
|
HZNP
14
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $397M | 0.68% |
3,433,349
-15,400
| -0.4% | -$1.65M |
2017 Q2
25 quarters
|
|
15
Atlassian
TEAM
$38B
| $374M | 0.64% |
1,854,123
-347,100
| -16% | -$65.9M |
2016 Q2
29 quarters
|
|
|
16
Microsoft
MSFT
$3.89T
| $365M | 0.62% |
1,155,782
+1,112,483
| +2,569% | +$368M |
2023 Q1
2 quarters
|
|
17
Kroger
KR
$41.8B
| $361M | 0.62% |
8,074,557
-325,197
| -4% | -$15.3M |
2019 Q2
17 quarters
|
|
18
Nike
NKE
$56.4B
| $353M | 0.6% |
3,692,884
+1,947,946
| +112% | +$200M |
2023 Q2
1 quarter
|
|
19
Uber
UBER
$142B
| $352M | 0.6% |
7,654,600
-2,736,300
| -26% | -$125M |
2021 Q2
9 quarters
|
|
20
Zoom
ZM
$29.1B
| $342M | 0.58% |
4,883,814
-602,254
| -11% | -$41.8M |
2020 Q1
14 quarters
|
|
21
Ford
F
$47.6B
| $338M | 0.58% |
27,253,909
+6,532,900
| +32% | +$84.8M |
2022 Q4
3 quarters
|
|
22
Exelixis
EXEL
$16.8B
| $332M | 0.57% |
15,216,916
+569,327
| +4% | +$11.9M |
2016 Q3
28 quarters
|
|
23
Li Auto
LI
$11.4B
| $324M | 0.55% |
9,094,800
+1,496,400
| +20% | +$59M |
2021 Q2
9 quarters
|
|
24
Cboe Global Markets
CBOE
$39.2B
| $320M | 0.55% |
2,049,224
+45,500
| +2% | +$6.69M |
2013 Q2
41 quarters
|
|
25
Snowflake
SNOW
$103B
| $316M | 0.54% |
2,071,099
-127,600
| -6% | -$20.8M |
2022 Q1
6 quarters
|
|
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Renaissance Technologies's Q3 2023 Portfolio in Review
As of Q3 2023, Renaissance Technologies held 4,329 positions worth $58.7B, down 15% from $69.4B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Renaissance Technologies withdrew a net $8.34B in Q3 2023, closing 709 positions and reducing 1,794 holdings. Its most notable exit was Chevron, an estimated $185M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Renaissance Technologies opened a new position in D.R. Horton worth $125M.
- Renaissance Technologies's largest Q3 2023 buy was D.R. Horton: 1,159,438 shares worth $125M.
- Renaissance Technologies added most to Netflix in Q3 2023, an estimated $385M increase.
- Renaissance Technologies's biggest Q3 2023 reduction was Meta Platforms (Facebook), cutting an estimated $1.34B.
- Renaissance Technologies fully exited Chevron in Q3 2023, selling an estimated $185M.
- Renaissance Technologies's ten largest holdings make up 12% of its $58.7B portfolio in Q3 2023.
- Renaissance Technologies opened 463 new positions and closed 709 in Q3 2023.
- Renaissance Technologies's portfolio value fell 15% quarter-over-quarter to $58.7B.
Based on Renaissance Technologies's 13F filing for Q3 2023, filed 14 Nov 2023.