Jim Simons' Renaissance Q2 Tech Shake-Up: Adds Netflix, Apple While Showing Chipmakers Broadcom, AMD The Door

Benzinga
2025.08.14 08:16
portai
I'm PortAI, I can summarize articles.

Renaissance Technologies LLC, led by Jim Simons, made significant changes to its tech holdings in Q2, increasing investments in Netflix and Apple while exiting positions in chipmakers like Broadcom and AMD. The fund's stake in Netflix surged by 131,892% to $721.1 million, and Apple by 52,146% to $469.1 million. New investments included UnitedHealth Group and Snowflake, while Nvidia saw a 584% increase in stake. This strategic shift reflects a move towards healthcare and aerospace sectors, amidst mixed market futures and ongoing inflation concerns.

Late investor Jim Simons‘ fund, Renaissance Technologies LLC, executed a major shake-up of its technology holdings in the second quarter, doubling down on streaming and consumer electronics while completely exiting major chipmaker stocks.

Booking Profits By Liquidating Chipmakers And Blue-Chip Stocks

The firm’s latest 13F filing reveals a significant reallocation of capital, adding huge positions in Netflix Inc. NFLX and Apple Inc. AAPL while liquidating its entire stake in Broadcom Inc. AVGO and Advanced Micro Devices Inc. AMD.

These moves were part of a broader portfolio adjustment within the fund, which held 3,522 positions valued at over $75.1 billion as of June 30.

Renaissance’s stake in Netflix ballooned by an astronomical 131,892% to a value of $721.1 million. Similarly, its holdings in Apple surged by 52,146% to $469.1 million.

It also exited other blue-chip stocks completely, liquidating its holdings in Walmart Inc. WMT, Alphabet Inc. Class C GOOG, and Starbucks Corp. SBUX

New Positions For Diversification

The fund also initiated several other substantial new positions, signaling fresh conviction in diverse sectors. It bought $421.8 million worth of UnitedHealth Group Inc. UNH, $160.4 million in data-warehousing company Snowflake Inc. SNOW, and $116.4 million in aerospace giant Boeing Co. BA.

Churn In Its Top Hollings

While some top holdings were trimmed, such as Palantir Technologies Inc. PLTR and Robinhood Markets Inc. HOOD, the overall picture points to a decisive strategic shift.

In a notable exception to the chipmaker exodus, Renaissance significantly boosted its stake in Nvidia Corp. NVDA by 584%, increasing its value to over $1.17 billion.

The fund is moving away from certain semiconductor and retail giants and redeploying capital into healthcare, aerospace, and specific segments of the consumer tech and enterprise data markets.

Price Action

The SPDR S&P 500 ETF Trust SPY and Invesco QQQ Trust ETF QQQ, which track the S&P 500 index and Nasdaq 100 index, respectively, closed higher on Wednesday. The SPY was up 0.34% at $644.89, while the QQQ advanced 0.05% to $580.34, according to Benzinga Pro data.

On Thursday, the futures of the S&P 500, Dow Jones and Nasdaq 100 indices were mixed.

  • Stagflation-Lite Concerns Grow As July CPI Shows Persistent Core Inflation But Markets Bet On September Rate Cut

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo courtesy: Shutterstock

Source: Benzinga The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.