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RENAISSANCE TECHNOLOGIES LLC

What you'd have made by mirroring RENAISSANCE TECHNOLOGIES LLC's public 13F filings, starting with $10,000 on Aug 9, 2024 and rebalancing at every disclosure through May 31, 2026.

8 filings replayed4669 of 5560 CUSIPs mapped to tickers4158 closed trades3213 still open
Benchmark
SPYIWMQQQEFAAGG
Russell 2000 — US small-cap

Equity curve

$10,000 mirrored · vs IWM
$10k$12k$14k$16k20252026
Mirror portfolio$10k in IWM
Mirror — final
$15.12K
IWM — final
$14.32K
Mirror return
+51.2%
Excess return vs IWM
+8.0%

Risk profile

Weekly mirror returns vs IWM · rf ≈ 4%
Sharpe
1.33
Max drawdown
-16.3%
Beta vs IWM
0.52
Information ratio
0.24
CAGR
+25.7%
Volatility (ann.)
16.3%
Sortino
1.33
α (Jensen, ann.)
+12.4%
Tracking error
15.9%
Upside capture
60%
Downside capture
35%
Window
1.8y

Drawdown

Underwater curve — distance below running peak
-15%-10%-5%0%-16.3%20252026

Largest drawdown: -16.3% from 2025-02-14 to 2025-04-04 · recovered 2025-06-06.

Style decomposition

R² 45% · 95 weekly obs

Multivariate regression of weekly mirror excess return on five style factors built from the benchmark ETFs: SPY (market), IWM−SPY (size), QQQ−SPY (growth), EFA−SPY (international), AGG−SPY (bonds). The intercept is the “true alpha” after stripping these passive tilts. ✓ marks loadings whose |t-stat| ≥ 2 (≈ 95% confidence the loading is non-zero).

Market (β)
+0.45
Size tilt
+0.32✓
Growth tilt
+0.24
International tilt
+0.15
Bond tilt
-0.22
α (style-adjusted)
+6.3%
R²
45%
α t-stat
0.67
Observations
95

Rolling 1y alpha

Trailing 52w mirror return − IWM return
-20%-10%0%+10%+20%avg +4.6%now -18.2%2026

Whether the headline alpha was earned recently or decades ago. Bands above the zero line are quarters where the mirror beat IWM on a trailing-year basis; bands below are quarters where it lost ground. A flat positive line = steady outperformance; a curve that crosses often = regime-dependent strategy.

Realized P&L · closed trades

Cumulative profit from positions opened and later sold
$0$200$400$600$800TSLA +$48META +$23TEVA +$23AMD +$1920252026
Realized P&L
+$744.68
Closed trades
4,158
Win rate
46%
Avg return / closed
+11.2%

Biggest closed trades

IssuerEntryExitHeldReturnP&L
TESLA INC
TSLA
Q3 2024Q3 20254Q+70%+$282.9M
META PLATFORMS INC
META
Q3 2024Q1 20266Q+26%+$137.77M
TEVA PHARMACEUTICAL INDS LTD
TEVA
Q3 2024Q1 20266Q+95%+$134.19M
ADVANCED MICRO DEVICES INC
AMD
Q3 2024Q3 20254Q+37%+$110.62M
COINBASE GLOBAL INC
COIN
Q3 2024Q4 20241Q+45%+$106.44M
EMCOR GROUP INC
EME
Q3 2024Q1 20266Q+121%+$102.94M
WINGSTOP INC
WING
Q3 2024Q1 20266Q-39%−$100.28M
ALIBABA GROUP HLDG LTD
BABA
Q3 2024Q4 20255Q+103%+$99.24M
E L F BEAUTY INC
ELF
Q3 2024Q1 20252Q-53%−$92.92M
WHEATON PRECIOUS METALS CORP
WPM
Q3 2024Q1 20266Q+152%+$92.27M

Every trade · entry date × return

Bubble = position size at entry
-50%-25%0%+25%+50%+100%+200%+500%SNDK · +2736%PL · +1854%HYMC · +1535%20252026
PositiveNegativeStill open (marked to market)
Best closed pick
UAMY +1014%
Worst closed pick
FPAYQ -100%
Total trades
7,371
Open trades
3,213