Hedge fund Renaissance Technologies precisely sold off 99.7% of its Nvidia stake before the Huang Renxun scandal erupted.

BlockBeats news, November 13 — The latest Q3 2026 13F filing submitted by Renaissance Technologies, the quantitative hedge fund founded by legendary mathematician Jim Simons, shows that the institution significantly adjusted its U.S. equity holdings, nearly liquidating its positions in Nvidia (NVDA), Meta (META), Apple (AAPL), and Amazon (AMZN), with its Nvidia stake reduced by 99.7% quarter-over-quarter, previously valued at approximately $1.42 billion. Notably, this reduction occurred weeks before controversies related to Jensen Huang were exposed.

Looking at the top ten holdings, memory chip and semiconductor companies occupy important positions. Micron Technology (MU) ranks first at $1.62 billion, Advanced Micro Devices (AMD) ranks second at $1.21 billion, followed by United Therapeutics (UTHR, $908 million), Intel (INTC, $835 million), Google parent Alphabet (GOOGL, $828 million), and UnitedHealth (UNH, $817 million). In addition, it established a new position in SpaceX, valued at approximately $621 million.

In terms of specific position adjustments, the institution significantly increased its stake in SanDisk (SNDK) by 5,451%; its holdings in Micron Technology and UnitedHealth increased by 619% and 507%, respectively, while AMD increased by 140%. Meanwhile, in addition to Nvidia, the institution also cut its holdings in Meta, Apple, and Amazon by 99.9%, 99.8%, and 99.5%, respectively, and reduced its Palantir (PLTR) stake by 71%. Furthermore, it fully exited positions in Blackstone, S&P 500 ETF, Marvell Technology, and Danaher. Overall, the institution's portfolio has clearly tilted toward memory chips, semiconductors, and certain newly established positions.