Renaissance Cuts Alphabet Holding as It Allocates $520M to Micron
Renaissance Technologies reduced its Alphabet stake in its latest 13F filing after cutting Nvidia exposure, while adding $520 million to Micron. The fund’s total market value declined 14.9% to $64.5 billion, reflecting broad portfolio adjustments across more than 3,000 stock positions.
1. Portfolio Rebalance Overview
Renaissance Technologies’ latest 13F filing shows the fund trimmed overall market value by 14.9%, bringing assets under management to $64.5 billion. The update reflects reductions in 1,680 holdings and outright sales of 738 positions while adding exposure to 466 new stocks.
2. Alphabet and Nvidia Stake Reductions
Among the cuts, the fund scaled back its positions in Alphabet and Nvidia, marking a shift away from two of the largest AI-related names in its portfolio. These reductions coincide with broader trimming of high-profile tech holdings as part of a strategic redistribution.
3. $520M Bet on Micron
In contrast to the streamlining of big tech stakes, the fund added nearly $520 million to Micron, boosting its share count by 1.81 million. This move positions Micron as a top-tier holding, leveraging the expected tightening in memory supplies and AI-driven demand.