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 | |
|---|---|---|---|---|---|---|---|
1
Palantir
PLTR
$480B
| $1.56B | 2.43% |
8,796,727
+230,852
| +3% | +$41.8M |
2021 Q2
18 quarters
|
|
2
United Therapeutics
UTHR
$22.9B
| $930M | 1.44% |
1,909,259
-264,133
| -12% | -$123M |
2013 Q2
50 quarters
|
|
|
3
Micron Technology
MU
$1.21T
| $859M | 1.33% |
3,011,143
+1,811,607
| +151% | +$416M |
2025 Q3
1 quarter
|
|
4
Kinross Gold
KGC
$27.5B
| $703M | 1.09% |
24,975,313
-1,105,017
| -4% | -$28.7M |
2013 Q2
50 quarters
|
|
5
VeriSign
VRSN
$26.8B
| $675M | 1.05% |
2,779,351
-390,920
| -12% | -$98.2M |
2013 Q2
50 quarters
|
|
|
6
Netflix
NFLX
$296B
| $673M | 1.04% |
7,178,287
+4,463,997
| +164% | +$481M |
2024 Q2
6 quarters
|
|
|
7
Tesla
TSLA
$1.47T
| $613M | 0.95% |
1,362,122
+937,632
| +221% | +$416M |
2025 Q3
1 quarter
|
|
8
Exelixis
EXEL
$14.4B
| $610M | 0.95% |
13,914,043
-1,545,223
| -10% | -$63.9M |
2016 Q3
37 quarters
|
|
|
9
Costco
COST
$419B
| $598M | 0.93% |
693,002
+679,978
| +5,221% | +$616M |
2025 Q3
1 quarter
|
|
10
Carvana
CVNA
$45.1B
| $594M | 0.92% |
7,036,990
+1,971,430
| +39% | +$147M |
2023 Q3
9 quarters
|
|
11
Wayfair
W
$14.2B
| $543M | 0.84% |
5,407,325
+180,558
| +3% | +$17.4M |
2023 Q2
10 quarters
|
|
12
Roblox
RBLX
$32.2B
| $537M | 0.83% |
6,628,509
-255,036
| -4% | -$27.1M |
2021 Q2
18 quarters
|
|
13
Franco-Nevada
FNV
$46.1B
| $514M | 0.8% |
2,478,118
-371,300
| -13% | -$75.3M |
2014 Q1
47 quarters
|
|
14
Reddit
RDDT
$30.1B
| $433M | 0.67% |
1,883,578
-346,657
| -16% | -$72.9M |
2024 Q2
6 quarters
|
|
|
15
Procter & Gamble
PG
$346B
| $428M | 0.66% |
2,986,061
+2,183,911
| +272% | +$322M |
2025 Q3
1 quarter
|
|
16
Airbnb
ABNB
$95.7B
| $399M | 0.62% |
2,938,461
+437,789
| +18% | +$54.5M |
2021 Q2
18 quarters
|
|
17
Incyte
INCY
$22.5B
| $393M | 0.61% |
3,978,332
-549,800
| -12% | -$53.2M |
2017 Q4
32 quarters
|
|
18
Robinhood
HOOD
$97.7B
| $389M | 0.6% |
3,435,737
+1,433,487
| +72% | +$186M |
2022 Q3
13 quarters
|
|
19
Nu Holdings
NU
$76B
| $381M | 0.59% |
22,735,260
+6,694,889
| +42% | +$108M |
2022 Q3
13 quarters
|
|
20
Intel
INTC
$578B
| $365M | 0.57% |
9,889,367
+6,497,102
| +192% | +$245M |
2024 Q4
4 quarters
|
|
21
TSMC
TSM
$2.43T
| $355M | 0.55% |
1,167,280
-175,640
| -13% | -$51.5M |
2024 Q1
7 quarters
|
|
22
Spotify
SPOT
$107B
| $344M | 0.53% |
591,628
-65,957
| -10% | -$41.2M |
2022 Q1
15 quarters
|
|
23
Gilead Sciences
GILD
$180B
| $342M | 0.53% |
2,788,728
-2,674,016
| -49% | -$325M |
2014 Q4
44 quarters
|
|
24
Chevron
CVX
$415B
| $334M | 0.52% |
2,191,314
+1,772,766
| +424% | +$270M |
2024 Q1
7 quarters
|
|
25
Microsoft
MSFT
$3.94T
| $333M | 0.52% |
688,118
-630,789
| -48% | -$316M |
2024 Q2
6 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.