Hedge fund Renaissance Technologies offloaded 99.7% of its NVIDIA holdings with precise timing, just before the Jensen Huang scandal erupted.

Quantitative hedge fund Renaissance Technologies, founded by legendary mathematician Jim Simons, revealed in its latest Q3 2026 13F filing that it made significant adjustments to its U.S. stock holdings, nearly liquidating positions in NVIDIA (NVDA), Meta (META), Apple (AAPL), and Amazon (AMZN). NVIDIA’s holdings fell 99.7% quarter-over-quarter, with a prior market value of around $1.42 billion. Notably, this sell-off occurred weeks before the controversy involving NVIDIA CEO Jensen Huang came to light. Looking at its top 10 holdings, memory chip and semiconductor firms hold key spots. Micron Technology (MU) ranks first with $1.62 billion, followed by Advanced Micro Devices (AMD) at $1.21 billion, then United Therapeutics (UTHR) at $908 million, Intel (INTC) at $835 million, Google parent Alphabet (GOOGL) at $828 million, and UnitedHealth Group (UNH) at $817 million. Additionally, the fund established a new position in SpaceX, worth roughly $621 million. In terms of specific position adjustments, Renaissance sharply boosted its stake in SanDisk (SNDK), with share count rising 5,451%; Micron and UnitedHealth saw their holdings jump 619% and 507% respectively, while AMD’s stake increased 140%. Meanwhile, besides NVIDIA, the fund cut its Meta, Apple, and Amazon positions by 99.9%, 99.8%, and 99.5% respectively, and reduced its Palantir (PLTR) stake by 71%. It also fully exited positions in Blackstone, S&P 500 ETF, Marvell Technology, and Danaher, among others. Overall, the fund’s portfolio has clearly shifted toward memory chips, semiconductors, and some newly established positions.