Peter Brown’s $64B Renaissance Technologies Exits Amazon and Triples Nvidia

The Market Context in 60 Seconds
  1. 01 Renaissance Technologies, the quantitative hedge fund built by Jim Simons and now run by Peter Brown, holds a $63.9 billion equity portfolio across 3,213 positions per its May 13F filing, driven entirely by algorithmic models that rotate faster than any human-run book.
  2. 02 The portfolio was roughly flat between filings, slipping from $64.5 billion to $63.9 billion, but the models churned underneath it: 639 new buys and 611 exits in a single quarter.
  3. 03 The top 5 stakes hold about 7 percent of the portfolio: United Therapeutics at $1.06 billion, Palantir at $1.02 billion, Apple at $781 million, Kinross Gold at $780 million, and Micron at $731 million.
  4. 04 The models opened a $781 million Apple stake from zero, tripled Nvidia to $441 million, built Broadcom from 889 shares to $246 million, and near-liquidated Netflix, Microsoft, and Tesla.
  5. 05 Renaissance's Q2 2026 13F is due by August 14. It will show whether the Apple and Nvidia builds were momentum signals or durable allocations, and whether any of the near-liquidations reversed.
View SEC Filing →

How Renaissance Technologies Moved Last Quarter

Here is what Renaissance Technologies did with the portfolio last quarter, grouped by the kind of move. The fund runs 3,213 positions, so the table below shows the largest moves in each group. Share count change is what the models chose. Value change also reflects where the stock price went.

Money In

12 positions

Apple

iPhone, Mac, $100B services business
$781M
new position
Nvidia

GPUs powering nearly all AI training
$441M
tripled (+190%)
Linde

World’s largest industrial gas supplier
$312M
nearly 5x (+395%)
Broadcom

Custom AI chips for Google and Meta
$246M
built from 889 shares
Strategy

Holds 500K+ Bitcoin on balance sheet
$231M
more than doubled (+123%)
MercadoLibre

Dominant Latin America e-commerce
$208M
nearly quadrupled (+337%)
Visa

Processes most global card payments
$205M
tripled (+205%)
Newmont

World’s largest gold miner
$181M
new position
Blackstone

Largest alt-asset manager globally
$165M
new position
Meta Platforms

Facebook, Instagram, WhatsApp; AI spend
$145M
new position
Lumentum

Laser components for AI data centers
$143M
new position
Synopsys

Chip design software
$121M
new position

Money Out

6 exits + 6 cuts

Full Exits
Procter & Gamble

Tide, Pampers, Gillette
$428M
exited
Ford

Trucks, SUVs, electric vehicles
$324M
exited
GE Vernova

Power plants, wind turbines, grid
$226M
exited
Amazon

AWS cloud and US e-commerce leader
$206M
exited
Charles Schwab

Largest US brokerage after TD Ameritrade
$181M
exited
Palo Alto Networks

Firewall and cybersecurity
$167M
exited
Major Cuts
Netflix

Streaming, 300M+ subscribers
-100%
$0.2M remains
Microsoft

Azure, Office, OpenAI investor
-99%
$4M remains
Costco

Membership warehouse retailer
-97%
$19M remains
Tesla

EVs, energy storage, robotics
-84%
$79M remains
Spotify

Music and podcasts, 600M users
-67%
$96M remains
Taiwan Semiconductor

Most advanced chips for Nvidia, Apple, AMD
-51%
$192M remains

Still The Biggest

Top 5, ~7% of portfolio

United Therapeutics

Pulmonary hypertension drugs, lab-grown organs
$1.06B
Palantir Technologies

Data analytics for governments and enterprises
$1.02B
trimmed 21%
Apple

iPhone, Mac, $100B services business
$781M
new this quarter
Kinross Gold

Gold mines in Americas, West Africa, Mauritania
$780M
Micron Technology

Memory chips for AI servers, phones, data centers
$731M
trimmed 28%

What to watch

1. Renaissance Technologies’ Q2 2026 13F is due by August 14, 2026. It will show whether the models kept building Apple and Nvidia or reversed those allocations after one quarter.

2. The fund opened $781 million of Apple from zero while tripling Nvidia and building Broadcom from a residual 889 shares to $246 million. The next filing will reveal whether the models treated these as short-term momentum trades or held them as structural bets on AI hardware and consumer tech.

3. Netflix, Microsoft, and Tesla were all cut by 84 percent or more in a single quarter. Quant models can reverse sharply, so the Q2 filing will show whether any of these near-liquidations snapped back or went to zero.

Verified as of May 20, 2026.

Sources

Primary Filings & Announcements

SEC EDGAR: Renaissance Technologies 13F-HR Information Table (Q1 2026, filed May 14, 2026)

SEC EDGAR: 13F-HR Filing Index, Accession 0001037389-26-000033

SEC EDGAR: Renaissance Technologies CIK 0001037389 Full 13F Filing History

Market Coverage

Yahoo Finance: Nvidia Quote and Performance

Yahoo Finance: Apple Quote and Performance

Yahoo Finance: Amazon Quote and Performance

Background & Analysis

SEC EDGAR: Renaissance Technologies Full Filing History (all forms)

Renaissance Technologies: Official Website

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