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Funds (13F)

Renaissance Technologies LLC

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+14.4%
S&P 500 +14.1%
Last 12 months
+10.6%
S&P 500 +12.1%
Sharpe ratio
0.79
S&P 500 0.78
Biggest drop
−32.9%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $59.3k$57.0k
Renaissance Technologies LLCS&P 500 $10,000 in Renaissance Technologies LLC from 16 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Renaissance Technologies LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Renaissance Technologies LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+14.4%+14.1%
Total return+493%+470%
Last 12 months+10.6%+12.1%
Last 3 months+0.1%—
Last month−2.5%—
This year so far+8.8%—
Volatility a year16.3%16.0%
Sharpe ratio0.790.78
Biggest drop−32.9%−31.8%
Beta to the S&P 5000.971.00
Alpha a year (t-statistic)+0.7% (0.51)—
Share of weeks up59%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
NVDA2.2%——
META1.7%——
INTC1.6%——
UTHR1.4%——
PLTR1.4%——
GOOGL1.3%——
EXEL1.1%——
VRSN0.9%——
CRWD0.9%——
STRL0.9%——
AMZN0.8%——
AGX0.8%——
NFLX0.7%——
CVX0.7%——
TSLA0.7%——
AMD0.7%——
AAPL0.7%——
CORT0.7%——
ETSY0.7%——
STX0.7%——
FNV0.7%——
TXN0.6%——
W0.6%——
TSM0.6%——
INCY0.6%——
NBIX0.6%——
RBLX0.6%——
WDC0.5%——
ALKS0.5%——
CVNA0.5%——
AVGO0.5%——
P0.4%——
GILD0.4%——
DELL0.4%——
MCK0.4%——
AZO0.4%——
TJX0.4%——
RDDT0.4%——
CBOE0.4%——
MDT0.4%——
MU0.4%——
NVMI0.4%——
CRDO0.3%——
MSTR0.3%——
ABNB0.3%——
HOOD0.3%——
MEDP0.3%——
ALSN0.3%——
COP0.3%——
SHEL0.3%——
ZM0.3%——
BE0.3%——
ISRG0.3%——
INTU0.3%——
SMCI0.3%——
DBX0.3%——
MELI0.3%——
ROKU0.3%——
NEM0.3%——
ENVA0.3%——
BX0.3%——
MUSA0.3%——
SCHW0.3%——
KVUE0.3%——
LNG0.3%——
LITE0.3%——
LOGI0.3%——
VIRT0.3%——
SFM0.3%——
NKE0.3%——
KMB0.3%——
DASH0.3%——
GD0.3%——
VRTX0.2%——
NYT0.2%——
ICE0.2%——
EAT0.2%——
UNH0.2%——
LMT0.2%——
FIX0.2%——
MRVL0.2%——
CME0.2%——
HL0.2%——
FTDR0.2%——
NVO0.2%——
ILMN0.2%——
DHR0.2%——
AGI0.2%——
PBR0.2%——
CNC0.2%——
PR0.2%——
DAVE0.2%——
DOCU0.2%——
MTCH0.2%——
JAZZ0.2%——
RIVN0.2%——
FROG0.2%——
EDU0.2%——
ROST0.2%——
CAH0.2%——
MO0.2%——
MSI0.2%——
CRCL0.2%——
TTD0.2%——
CALM0.2%——
JPM0.2%——
NTES0.2%——
BTU0.2%——
VST0.2%——
CVLT0.2%——
CNK0.2%——
LYFT0.2%——
COF0.2%——
NTNX0.2%——
RDW0.2%——
GE0.2%——
CMG0.2%——
BLK0.2%——
CHT0.2%——
OTIS0.2%——
CNQ0.2%——
MNDY0.2%——
DXCM0.2%——
RPRX0.2%——
WYNN0.2%——
B0.2%——
UI0.2%——
PRDO0.2%——
TER0.2%——
TVTX0.2%——
BB0.2%——
NOC0.2%——
HPQ0.2%——
ITW0.2%——
BSX0.2%——
RYAAY0.1%——
TMUS0.1%——
PAAS0.1%——
ZTS0.1%——
LGN0.1%——
TTC0.1%——
TD0.1%——
WSM0.1%——
BKD0.1%——
VLTO0.1%——
CRVL0.1%——
MCHP0.1%——
CI0.1%——
MCD0.1%——
TGT0.1%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+14.4%+14.1%0.790.78−32.9%0.97+0.7% (0.51)
2018 onwards5 Jan 2018 to 2 Nov 2026+13.3%+13.9%0.620.66−32.9%0.97−0.2% (−0.09)
Last three years3 Nov 2023 to 2 Nov 2026+21.5%+21.8%1.071.16−17.2%0.97+0.4% (0.10)
Last year7 Nov 2025 to 2 Nov 2026+13.1%+14.2%0.690.84−8.1%0.93−0.1% (−0.01)
DateCompanyAction
14 Aug 2026YDDLBought
14 Aug 2026XXIBought
14 Aug 2026XPBought
14 Aug 2026XOSBought
14 Aug 2026XMTRBought
14 Aug 2026XFORBought
14 Aug 2026WYHGBought
14 Aug 2026WYFIBought
14 Aug 2026WTRGBought
14 Aug 2026WPMBought
14 Aug 2026WORBought
14 Aug 2026WOLFBought
14 Aug 2026WMBBought
14 Aug 2026WHDBought
14 Aug 2026WATTBought
14 Aug 2026VVXBought
14 Aug 2026VUZIBought
14 Aug 2026VTVTBought
14 Aug 2026VSXYBought
14 Aug 2026VSATBought
14 Aug 2026VNETBought
14 Aug 2026VLOBought
14 Aug 2026VIVSBought
14 Aug 2026VGNTBought
14 Aug 2026VCTRBought

Dated at the rebalance that made the change.

DateCompanyAction
14 Aug 2026ZONESold
14 Aug 2026ZLABSold
14 Aug 2026ZIMSold
14 Aug 2026ZBHSold
14 Aug 2026YSSSold
14 Aug 2026XYFSold
14 Aug 2026XPEVSold
14 Aug 2026XNCRSold
14 Aug 2026WTMSold
14 Aug 2026WSFSSold
14 Aug 2026WPPSold
14 Aug 2026WLTHSold
14 Aug 2026WLDNSold
14 Aug 2026WGSSold
14 Aug 2026WGOSold
14 Aug 2026WFRDSold
14 Aug 2026WEXSold
14 Aug 2026WERNSold
14 Aug 2026WBISold
14 Aug 2026WAYSold
14 Aug 2026WASHSold
14 Aug 2026WAFUSold
14 Aug 2026WABSold
14 Aug 2026VZSold
14 Aug 2026VICRSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest