Renaissance Technologies cut its holdings in Nvidia ($NVDA) and Meta Platforms ($META) by more than 99% during the third quarter, while increasing its Micron Technology ($MU) stake more than sevenfold, according to its latest 13F filing.
- Nvidia holdings fell from 7.09 million shares to 23,170; Meta holdings declined from 2.02 million shares to 1,577.
- Micron holdings rose 619% to 1.52 million shares, valued at $1.62 billion. AMD holdings increased 140% to nearly 2 million shares, worth $1.21 billion.
- A new 4.11 million-share SpaceX position was valued at $620.5 million.
- New financial-sector positions included Bank of America at $351.3 million and Goldman Sachs at $244.8 million.
- Reported holdings increased 1.1% to $73.42 billion; this is not an investment return.
- Separately, Bloomberg reported its Institutional Equities Fund gained 6% in October, bringing year-to-date returns to 12.3%. The filing reflects September 30 holdings.
Relevant Companies
- Nvidia ($NVDA) and Meta Platforms ($META): Renaissance substantially reduced its stakes.
- Micron Technology ($MU): Renaissance substantially increased its stake.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
