Renaissance Technologies' Latest 13F Filing Reveals Appetite for IT and Communications Stocks

Renaissance Technologies, a secretive high-frequency hedge fund, has taken profit on its stake in IT highflyer Nvidia and acquired a major position in another company, according to its latest 13F filing. The fund, founded by James Simons, is known for its quantitative approach and spectacular annual returns, with net annual returns of around 39% and gross returns over 66%. Its main fund, the Medallion Fund, manages over $71 billion in assets under management.

Renaissance Technologies, the secretive high-frequency hedge fund founded by James Simons, has taken profit on its stake in IT highflyer Nvidia and acquired a significant position in another company, according to its latest 13F filing. The fund, known for its quantitative approach and spectacular annual returns, has managed to navigate the volatile markets with remarkable success.

Nvidia (NASDAQ: NVDA) has been a key player in the AI chip market, with analysts predicting strong demand for its data center gear and AI chips. The company's recent licensing deal with the U.S. government allows it to sell H20 chips to China, boosting its revenue potential [1]. Renaissance Technologies' decision to take profit on its Nvidia stake could be attributed to the company's strong fundamentals and the potential for significant earnings growth in the coming quarters.

The hedge fund's latest 13F filing also revealed that Renaissance Technologies has acquired a major position in another technology company. While the specific details of the acquisition are not disclosed, it is clear that the fund is continuing to invest in the tech sector, which has shown strong growth potential in recent years. The acquisition could be seen as a strategic move to diversify the fund's portfolio and capitalize on the growing demand for AI and data center infrastructure.

Renaissance Technologies' quantitative approach has been a key factor in its success, allowing the fund to identify undervalued opportunities and capitalize on market inefficiencies. The fund's ability to generate consistent returns, even in volatile markets, has made it one of the most successful hedge funds in the world. Its main fund, the Medallion Fund, manages over $71 billion in assets under management, making it one of the largest hedge funds globally.

The fund's latest moves highlight the continued growth potential in the tech sector, particularly in the areas of AI and data center infrastructure. As the demand for these technologies continues to increase, companies like Nvidia and the unnamed target of Renaissance Technologies' latest acquisition are well-positioned to benefit from the trend.

References:
[1] https://invezz.com/news/2025/08/21/nvidia-stock-dips-but-bulls-are-keeping-a-close-eye-on-q2-earnings-is-now-the-right-time-to-buy/