The "Quant King's" Renaissance cuts Nvidia Q3 stake by 99.7%, significantly increases holdings in Micron and AMD

Odaily reports: Quantitative trading investment firm Renaissance Technologies disclosed in its latest Q3 2026 13F filing that it made substantial adjustments to its US equity holdings, cutting its Nvidia stake by 99.7% compared to the previous quarter, which had a market value of approximately $1.42 billion. Meanwhile, the firm significantly increased its holdings in semiconductor and memory chip-related assets, including a 5,451% increase in SanDisk, a 619% increase in Micron, a 140% increase in AMD, and established a new SpaceX position worth approximately $621 million.

It is reported that Renaissance Technologies' top ten holdings include Micron ($1.62 billion), AMD ($1.21 billion), United Therapeutics ($908 million), Intel ($835 million), and Google parent Alphabet ($828 million), among others. Overall, the firm notably reduced its positions in tech stocks such as Nvidia, Meta, Apple, and Amazon, shifting toward memory chips, semiconductors, and other assets.

Renaissance Technologies was founded by "Quant King" James Harris Simons, and the fund has achieved an astonishing average annual return of nearly 40%. Unlike Buffett's "value investing," Simons relies on mathematical models and computers to manage his massive funds, using mathematical models to capture market opportunities and letting computers make trading decisions.