Renaissance Technologies sharply increases NVDA, META, and GOOGL stakes, opens new positions in CRWD and AMZN

During the second quarter of 2026, Renaissance Technologies significantly expanded its exposure to mega-cap technology and artificial intelligence leaders. The quantitative hedge fund boosted its holding in NVIDIA by 181% to $1.42 billion (up from $440.70 million) and grew its Meta Platforms stake by 698% to $1.14 billion (up from $144.96 million). Combined positions across Alphabet (GOOGL and GOOG) rose to over $1.38 billion, while substantial increases were also recorded in Tesla (+426% to $467.27 million), Advanced Micro Devices (+282% to $463.82 million), and Netflix (+275,718% to $484.66 million from a nominal base).

The firm also initiated several sizable new positions, led by CrowdStrike Holdings ($571.56 million) and Amazon.com ($545.97 million), each representing approximately 0.8% of the total $72.62 billion reported portfolio. Other notable new entries included Medtronic ($247.81 million), ConocoPhillips ($210.26 million), Shell ($209.01 million), and Intuit ($199.68 million).

Conversely, Renaissance scaled back heavily in several established tech and industrial names. The fund reduced its Apple stake by 48% to $459.06 million and slashed its Micron Technology position by 90% to $244.22 million. Near-total liquidations were seen in SanDisk (-99% to $11.32 million), Linde (-99% to $2.65 million), and Vertiv Holdings (-97% to $10.30 million), while AppLovin ($173.74 million prior value) was fully closed.

Position changes