Renaissance Technologies Q2 Moves: New UNH, Snowflake, and Fiserv Stakes, AMD and Walmart Exits.

Renaissance Technologies took new stakes in UnitedHealth Group, Snowflake, and Fiserv during Q2, while exiting stakes in AMD and Walmart. The hedge fund's 13F filing shows 1.35M shares in UNH, 717K shares in SNOW, and 733K shares in FI. The moves indicate a shift in the fund's investment strategy.

Renaissance Technologies, the renowned hedge fund founded by Jim Simons, made significant changes to its portfolio during the second quarter of 2025. The fund's latest 13F filing, published on Wednesday, revealed a series of notable transactions that indicate a shift in its investment strategy. Among the key moves, Renaissance Technologies took new stakes in UnitedHealth Group (UNH), Snowflake (SNOW), and Fiserv (FI), while exiting its positions in Advanced Micro Devices (AMD) and Walmart (WMT).

According to the filing, Renaissance Technologies acquired 1.35 million shares of UNH, 717,000 shares of SNOW, and 733,000 shares of FI during the second quarter. These investments suggest that the fund is bullish on the healthcare, cloud computing, and financial technology sectors, respectively. Additionally, Renaissance Technologies increased its positions in Nvidia (NVDA), Netflix (NFLX), and Apple (AAPL), indicating continued support for these companies.

Meanwhile, the fund exited its holdings in AMD, Walmart, ServiceNow (NOW), and Starbucks (SBUX). The decision to sell these stocks could be driven by various factors, including changes in the companies' prospects or shifts in market conditions. For instance, AMD has been navigating geopolitical challenges and competition from Nvidia, while Walmart has extended a 10% employee discount to grocery shoppers, which may impact its financial performance.

The filing also showed a decrease in Renaissance Technologies' stakes in Broadcom (AVGO) and United Airlines (UAL). The fund's position in AVGO was reduced to 764 shares in Q2 from 2.43 million in Q1, while its stake in UAL decreased to 15,500 shares from 2.18 million. These moves suggest a more selective approach to certain sectors or companies.

Overall, Renaissance Technologies' Q2 investment moves reflect a strategic shift in its portfolio, with a focus on healthcare, cloud computing, and financial technology. The fund's decisions to exit certain stocks and increase positions in others demonstrate a nuanced approach to navigating the complex financial landscape. As investors and financial professionals, it is essential to closely monitor these developments and assess their potential implications for the broader market.

References:
[1] https://seekingalpha.com/news/4484941-renaissance-technologies-top-q2-moves-include-amd-walmart-exits-new-unh-buy-others