Renaissance Technologies' Top Q3 2026 Move: NVIDIA Corp at a -1.94% Portfolio Impact GuruFocus News Thu, November 12, 2026 at 6:01 PM EST 5 min read SPCX +0.23% NVDA -4.09% MU -0.90% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Renaissance Technologies (Trades, Portfolio) recently submitted its 13F filing for the third quarter of 2026, offering a window into the systematic trades of one of the world's most closely watched quant firms. Founded in 1978 by Jim Simons, the New York-based private investment firm built its reputation on computer-driven models that mine vast datasets for non-random price patterns. Simons stepped down as CEO in 2010, retired as chairman in 2021, and passed away in May 2024 at age 86. Its funds trade markets worldwide, with many executions fully automated.
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Renaissance Technologies (Trades, Portfolio) added a total of 567 stocks, among them:
The most significant addition was Space Exploration Technologies Corp (NASDAQ:SPCX), with 4,113,200 shares, accounting for 0.85% of the portfolio and a total value of $620.52 million.
The second largest addition to the portfolio was Bank of America Corp (NYSE:BAC), consisting of 6,453,339 shares, representing approximately 0.48% of the portfolio, with a total value of $351.26 million.
The third largest addition was The Goldman Sachs Group Inc (NYSE:GS), with 271,932 shares, accounting for 0.33% of the portfolio and a total value of $244.84 million.
Renaissance Technologies (Trades, Portfolio) also increased stakes in a total of 1,139 stocks, among them:
The most notable increase was Micron Technology Inc (NASDAQ:MU), with an additional 1,309,059 shares, bringing the total to 1,520,639 shares. This adjustment represents a significant 618.71% increase in share count, a 1.9% impact on the current portfolio, and a total value of $1.62 billion.
The second largest increase was Advanced Micro Devices Inc (NASDAQ:AMD), with an additional 1,165,404 shares, bringing the total to 1,995,101. This adjustment represents a significant 140.46% increase in share count, with a total value of $1.21 billion.
Renaissance Technologies (Trades, Portfolio) completely exited 1,116 holdings in the third quarter of 2026, as detailed below:
Blackstone Inc (NYSE:BX): Renaissance Technologies (Trades, Portfolio) sold all 1,570,300 shares, resulting in a -0.25% impact on the portfolio.
Blackstone Inc (NYSE:BX): Renaissance Technologies (Trades, Portfolio) liquidated all 1,570,300 shares, causing a -0.25% impact on the portfolio.
Renaissance Technologies (Trades, Portfolio) also reduced positions in 1,435 stocks. The most significant changes include:
Reduced NVIDIA Corp (NASDAQ:NVDA) by 7,068,086 shares, resulting in a -99.67% decrease in shares and a -1.94% impact on the portfolio. The stock traded at an average price of $214.4 during the quarter and has returned -25.75% over the past 3 months and -10.68% year-to-date.
Reduced Meta Platforms Inc (NASDAQ:META) by 2,021,576 shares, resulting in a -99.92% reduction in shares and a -1.57% impact on the portfolio. The stock traded at an average price of $624.16 during the quarter and has returned 7.82% over the past 3 months and -5.28% year-to-date.
At the third quarter of 2026, Renaissance Technologies (Trades, Portfolio)' portfolio included 3,152 stocks. The top holdings included 2.21% in Micron Technology Inc (NASDAQ:MU), 1.64% in Advanced Micro Devices Inc (NASDAQ:AMD), 1.24% in United Therapeutics Corp (NASDAQ:UTHR), 1.14% in Intel Corp (NASDAQ:INTC), and 1.13% in Alphabet Inc (NASDAQ:GOOGL).
The holdings are mainly concentrated across all 11 industries: Technology, Healthcare, Consumer Cyclical, Financial Services, Industrials, Communication Services, Basic Materials, Energy, Consumer Defensive, Utilities, and Real Estate.
The headline takeaway is the near-total liquidation of NVIDIA Corp (NASDAQ:NVDA), which trimmed 7,068,086 shares a -99.67% reduction that carried a -1.94% portfolio impact. Because Renaissance is a systematic trader, such an exit likely reflects model-driven signals rather than a discretionary call on the company's fundamentals. Still, the timing is notable: NVDA traded at an average price of $214.4 during the quarter and has returned -25.75% over the past 3 months and -10.68% year-to-date. Value investors may read the move as a reminder that even the most celebrated growth names can fall out of favor quickly, and that position sizing discipline matters as much as stock selection.
While cutting NVDA, the firm sharply increased exposure to other chip names. Micron Technology Inc (NASDAQ:MU) received an additional 1,309,059 shares, a 618.71% increase that made it the largest holding at 2.21% of the portfolio. Advanced Micro Devices Inc (NASDAQ:AMD) saw a 140.46% increase, reaching 1,995,101 shares and 1.64% of the portfolio. The firm also opened a sizable new position in Space Exploration Technologies Corp (NASDAQ:SPCX) at 4,113,200 shares, valued at $620.52 million. For value-oriented readers, this rotation illustrates how quantitative strategies can reallocate capital across an industry without abandoning the underlying theme.
With 3,152 stocks in the portfolio and activity spanning 567 new buys, 1,139 increases, 1,116 complete exits, and 1,435 reductions, Renaissance Technologies (Trades, Portfolio)' filing reflects the breadth typical of a quantitative manager rather than a concentrated value portfolio. Holdings are spread across all 11 industries, from Technology and Healthcare to Utilities and Real Estate. Investors should treat individual position changes as data points within a broader model, not as standalone recommendations. GuruFocus members can track these quarterly updates, compare them against prior filings, and combine them with valuation metrics to inform their own research.
