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RENAISSANCE TECHNOLOGIES LLC

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NEW YORK NY Investment Advisor Hedge Fund
13F Summary
Renaissance Technologies is based out of New York and is run by James Simons. Renaissance Technologies is a hedge fund with 14 clients and discretionary assets under management (AUM) of $89,259,682,162 (Form ADV from 2024-08-06). Their last reported 13F filing for Q2 2024 included $58,958,710,563 in managed 13F securities and a top 10 holdings concentration of 11.98%. Renaissance Technologies's largest holding is Novo-Nordisk A/S ADS with shares held of 9,165,374. Whalewisdom has at least 113 13F filings, and 2705 13G filings
Business Description
Renaissance Technologies LLC is an investment management firm founded in 1982 that implements quantitative investment strategies on behalf of its clients. They act as general partner, managing member, and/or investment manager to U.S. and non-U.S. private investment funds (the "Funds") and an institutional account ("Account") that invests in a variety of securities, futures, and derivatives contracts. Renaissance is owned by two parent companies: Renaissance Technologies Holdings Corporation (with approximately a 78% stake) and RTC II Holdings LLC (with approximately a 22% stake). Each parent company is, in turn, owned by current and certain former principals of the Firm and certain related persons.
Investment Strategy
The Medallion Funds aim to achieve asset appreciation through speculative investment and trading in various securities and futures instruments. The RIEF Funds focus on global equity securities traded on U.S. exchanges and their derivatives, aiming for a long-term risk-adjusted return exceeding the Standard & Poor's 500 Index with dividends reinvested. They strive for a low beta to the Index (0.4 or lower) and lower volatility than the Index, with an expected long-term average leverage of 2.5 to 1. The RIEF Funds' trading strategy is designed to maintain a net long position of no more than $100 for every $100 of equity. While they typically operate at approximately 100% net long, they may deviate from this during periods of high market volatility, potentially exceeding or falling below the 100% threshold. The RIDA Funds, on the other hand, trade equity securities on global exchanges, but further details about their investment strategy are not provided in the context.
Owners
  • RENAISSANCE TECHNOLOGIES HOLDINGS CORPORATION - MEMBER
  • BROWN, PETER, FITZHUGH - CHAIRMAN OF THE BOARD, CO-PRESIDENT, CO-CEO
  • SILBER, MENDEL, MARK - DIRECTOR
  • LAUFER, HENRY, BEN - DIRECTOR
  • MICHEL, TIFFANY, TAYLOR - CHIEF COMPLIANCE OFFICER
  • RTC II HOLDINGS LLC - MEMBER
  • SMALL, ANNE, KIMBALL - CHIEF LEGAL OFFICER, GENERAL COUNSEL, DIRECTOR
  • SIMONS, NATHANIEL, HENRY - DIRECTOR
  • HUBNER, EDWARD, JAMES - HEAD OF RISK CONTROL
  • LIPPE, DAVID, ALLEN - DIRECTOR, CO-PRESIDENT, CO-CEO
  • LOURIE, ROBERT, WILLIAM - DIRECTOR
  • FELCZAK, BRIAN, DOUGLAS - CHIEF FINANCIAL OFFICER
  • Simons, Marilyn, Hawrys - DIRECTOR
  • Click on the Ownership/Private Fund Data tab for more details.
Other Contact Information
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2024-06-30

Top Buys (13F)

Name % Change
AVGO Broadcom Inc 0.8%
NVDA NVIDIA Corp 0.69%
AAPL Apple Inc 0.5%
AMD Advanced Micro Devic 0.5%
UTHR United Therapeutics 0.4%

2024-06-30

Top Sells (13F)

Name % Change
AMZN Amazon.com Inc 0.74%
UBER Uber Technologies In 0.73%
CVX Chevron Corp. (Stand 0.44%
META Meta Platforms Inc 0.3%
ABNB Airbnb, Inc 0.27%

2024-06-30

13F Holdings Summary

Name $ Change
NVO Novo-Nordisk A/S ADS 2.22%
PLTR Palantir Technologie 1.7%
NVDA NVIDIA Corp 1.47%
VRTX Vertex Pharmaceutica 1.25%
UTHR United Therapeutics 1.18%

2024-06-30

13F Activity

Market Value $59.0b, Prior: $63.6b
Inflows (Outflows) as % of Total MV +0.1955%
New Purchases 465 stocks
Added To 1437 stocks
Sold out of 680 stocks
Reduced holdings in 1504 stocks
Top 10 Holdings % 11.98%
Turnover %[1] 27.76%
Turnover Alt %[2] 19.7%
Time Held Top 20 7.75 quarters
Time Held Top 10 7.5 quarters
Time Held All 17.28 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-06-30

13F Sector Allocation Over Time

limited to past 4 quarters. Subscribe to see all available data

2024-06-30

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30

Portfolio Performance