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Adviser Profile

As of Date 08/06/2024
Adviser Type - Large advisory firm
Number of Employees 300 -3.23%
of those in investment advisory functions 160
Registration SEC, Approved, 1/12/1998
AUM* 89,259,682,162 -15.81%
of that, discretionary 89,259,682,162 -15.81%
Private Fund GAV* 75,145,421,131 -35.74%
Avg Account Size 5,950,645,477 -15.81%
SMA’s Yes
Private Funds 8 1
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
166B 142B 119B 95B 71B 47B 24B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count8 GAV$75,145,421,131

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker69608A108 Stock NamePALANTIR TECHNOLOGIES INC $ Position$1,000,922,777 % Position2.00% $ Change91758.00% # Change-17.00%
Stck Ticker670100205 Stock NameNOVO-NORDISK A S $ Position$1,308,265,485 % Position2.00% $ Change94364.00% # Change-15.00%
Stck Ticker34959E109 Stock NameFORTINET INC $ Position$302,940,766 % Position1.00% $ Change101406.00% # Change15.00%
Stck Ticker007903107 Stock NameADVANCED MICRO DEVICES INC $ Position$296,177,617 % Position1.00% $ Change # Change
Stck Ticker64125C109 Stock NameNEUROCRINE BIOSCIENCES INC $ Position$339,789,660 % Position1.00% $ Change109317.00% # Change10.00%
Stck Ticker67066G104 Stock NameNVIDIA CORPORATION $ Position$867,494,208 % Position1.00% $ Change174261.00% # Change1175.00%
Stck Ticker88160R101 Stock NameTESLA INC $ Position$405,935,979 % Position1.00% $ Change128452.00% # Change14.00%
Stck Ticker85208M102 Stock NameSPROUTS FMRS MKT INC $ Position$371,295,127 % Position1.00% $ Change149679.00% # Change15.00%
Stck Ticker91307C102 Stock NameUNITED THERAPEUTICS CORP DEL $ Position$692,748,137 % Position1.00% $ Change140050.00% # Change1.00%
Stck Ticker92532F100 Stock NameVERTEX PHARMACEUTICALS INC $ Position$734,197,383 % Position1.00% $ Change111031.00% # Change-1.00%

Brochure Summary

Overview

Renaissance Technologies LLC ("Renaissance" or the "Firm") is an investment management firm, founded in 1982, that implements quantitative investment strategies on behalf of its clients. It acts as general partner, managing member, and/or investment manager to U.S. and non-U.S. private investment funds (the "Funds") and an institutional account ("Account") that invests in a variety of securities, futures, and derivatives contracts. Renaissance is owned by two parent companies: Renaissance Technologies Holdings Corporation (with approximately a 78% stake) and RTC II Holdings LLC (with approximately a 22% stake). Each parent company is, in turn, owned by current and certain former principals of the Firm and certain related persons. Renaissance uses quantitative analysis, specifically, mathematical and statistical methods, to uncover technical indicators that drive its automated trading systems. These systems, or models, are the product of an extensive research effort by Renaissance's technical staff who hold advanced degrees in mathematics and the sciences. The Firm's quantitative analysis and trading activities are applied to mature, highly liquid, publicly traded instruments in the following asset classes: U.S. and non-U.S. equities, debt instruments, futures, forwards, and foreign exchange, as well as derivatives thereon. Generally, the Firm provides its advisory services to affiliated collective investment pools that are part of three distinct master-feeder fund structures (the "Fund Families"): (1) the Medallion Funds, which employ a short-term, quantitative trading strategy across multiple asset classes; (2) the Renaissance Institutional Equities Funds (the "RIEF Funds"), which employ a net-long trading strategy in U.S. and non-U.S. equity securities that
are publicly traded on U.S. securities exchanges (and certain derivatives thereon); and (3) the Renaissance Institutional Diversified Alpha Funds (the "RIDA Funds"), which trade equity securities that are publicly traded on global securities exchanges and derivatives thereon.1 In addition, the Firm operates Renaissance Kaleidoscope Fund LLC ("Kaleidoscope Fund"), a fund of funds for employee and employee- related investors that currently invests in each of the Medallion, RIEF, and RIDA Fund Families. Investors in each Fund Family choose among various feeder funds according to their domicile, tax status, and other attributes. Within certain Funds, investors may also choose among various series that have different fee structures and, in some cases, rights related to portfolio transparency. Beyond these offerings, the Firm does not tailor its advisory services to individual investor requirements. For the Account, the Firm accepts client-imposed investment guidelines and restrictions. As of December 31, 2023, the Firm's regulatory assets under management totaled $89,259,682,162. All assets are managed on a discretionary basis. 1 Effective December 31, 2023, RIDGE Master Trading L.P., which previously served as the trading subsidiary through which the trading activities of a fourth fund family, the Renaissance Institutional Diversified Global Equities (“RIDGE”) Funds, were conducted, merged with and into GF Trading LLC, the trading subsidiary for RIDA Fund LLC and RIDA Fund L.P. (the “RIDA Feeders”). The result of the Merger was a single, combined trading subsidiary, GF Trading LLC, in which the RIDA Feeders and RIDGE Onshore Fund L.P. and RIDGE Offshore Fund L.P. (the “RIDGE Feeders”) are invested. The RIDA Funds thus now include both the RIDA Feeders and the RIDGE Feeders.