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Highlights of Renaissance Technologies’ 2Q positions

Smita Nair

Must-know: Renaissance Technologies' 2Q positions (Part 1 of 7)

Renaissance Technologies’ 2Q positions

Renaissance Technologies filed its 13F this week. It revealed the positions it traded during 2Q14. The $25 billion fund’s reportable second quarter portfolio included 2,729 stocks—down from 2,756 stocks in the first quarter. The size of the portfolio increased to $42 billion from $41 billion in the last quarter.

The fund added new positions in Procter & Gamble Co. (PG), Bed, Bath and Beyond (BBBY), ExxonMobil Corp. (XOM), Chevron Corp. (CVX), and Broadcom Corp. (or BRCM). It exited positions in Priceline Group (or PCLN) and Schlumberger (SLB).

According to its website, Renaissance Technologies is an “investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.” It’s based in New York. It was founded in 1982 by mathematician Dr. James Harris “Jim” Simons.

Since 1989, the company’s $5 billion Medallion Fund has averaged 35% annual returns after fees. An unconfirmed Bloomberg report noted that Renaissance Technologies fell 2% in July and 4.9% this year in its Renaissance Institutional Diversified Alpha Fund.

“Quant King” Simons, a former math professor at Massachusetts Institute of Technology and Harvard, announced his retirement in 2009. However, he’s still a non-executive chairman at Renaissance. The fund trades in markets around the world. It employs complex mathematical models to analyze and execute trades—many of them are automated.

Continue to Part 2

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