Renaissance Technologies Q1 established a position in ServiceNow and Alphabet - C while significantly reducing its holdings in Apple

Zhitong
2025.05.16 07:18
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Renaissance Technologies had a total portfolio market value of $66.1 billion in the first quarter of 2025, a decrease of 2% from the previous quarter's $67.6 billion. The quarter saw the addition of 457 new positions, an increase in 1,473 positions, a reduction in 1,442 positions, and the complete liquidation of 584 positions. The top ten holdings accounted for 10.65% of the total market value. Major holdings include Palantir, Verisign, Corcept Therapeutics, Robinhood, and Sprouts Farmers Market. During this period, Renaissance Technologies established positions in ServiceNow and Alphabet - C, among others

According to the disclosure by the U.S. Securities and Exchange Commission (SEC), Renaissance Technologies has released its holdings report (13F) for the first quarter (Q1) ending March 31, 2025.

Renaissance Technologies' total market value of holdings in Q1 was $66.1 billion, down from $67.6 billion in the previous quarter, a decrease of 2%. In Q1, Renaissance Technologies added 457 new positions, increased holdings in 1,473 positions, reduced holdings in 1,442 positions, and completely exited 584 positions; the top ten holdings accounted for 10.65% of the total market value.

In the top five holdings, Palantir (PLTR.US) ranked first with approximately 16.29 million shares, a market value of about $1.375 billion, accounting for 2.08% of the portfolio, with a decrease of 28.52% in the number of shares compared to the previous quarter.

Verisign (VRSN.US) ranked second with approximately 3.01 million shares, a market value of about $765 million, accounting for 1.16% of the portfolio, with an increase of 3.39% in the number of shares compared to the previous quarter.

Corcept Therapeutics (CORT.US) ranked third with approximately 6.14 million shares, a market value of about $702 million, accounting for 1.06% of the portfolio, with a decrease of 0.90% in the number of shares compared to the previous quarter.

Robinhood (HOOD.US) ranked fourth with approximately 16.66 million shares, a market value of about $693 million, accounting for 1.05% of the portfolio, with a significant increase of 37.91% in the number of shares compared to the previous quarter.

Sprouts Farmers Market (SFM.US) ranked fifth with approximately 4.26 million shares, a market value of about $651 million, accounting for 0.99% of the portfolio, with a decrease of 4.50% in the number of shares compared to the previous quarter.

In Q1, Renaissance Technologies established positions in ServiceNow (NOW.US), Alphabet - C (GOOG.US), American Airlines (AAL.US), Coinbase (COIN.US), Costco (COST.US), and completely exited positions in 3M (MMM.US).

From the changes in holding proportions, the top five purchased positions were: Broadcom (AVGO.US), Alphabet - A (GOOGL.US), Meta Platforms (META.US), Robinhood, and Walmart (WMT.US).

The top five sold positions were: Apple (AAPL.US), Netflix (NFLX.US), NVIDIA (NVDA.US), Palantir, and Novo Nordisk (NVO.US)

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