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Renaissance

Jun 2025 → Jun 2026 · 7 funds

Our archive holds 13 letters from Renaissance, behind 7 investment theses and positions in 35 companies. Every quote below is copied verbatim from the letter it came from.

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Renaissance’s own letters page
13
Letters
35
Companies
14
Moves
7
Theses

6 strategies

Renaissance publishes a letter per strategy. Each one has its own page — what it holds, what it bought, what it wrote.

Also filed under Renaissance.

What they bought and sold · 14 moves

  • New positionQinetiQ
    June 2026

    Listed in Renaissance’s reported holdings.

    Read the letter
  • New positionTGS
    June 2026
    “During the quarter, we purchased TGS (Norway), an energy data and services provider.”
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  • ExitedHoulihan Lokey
    June 2026
    “We sold Houlihan Lokey (HLI) following a deterioration in fundamental factors.”
    Read the letter
  • ExitedGalp Energia
    June 2026
    “Conversely, we sold Galp Energia (Portugal) an integrated energy company.”
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  • TrimmedBlackLine
    June 2026
    “Information Technology 17.6% 0.0% Commvault Systems, Zeta Global (BlackLine, Credo Technology)”
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  • TrimmedADMA Biologics
    June 2026
    “Health Care 20.1% -4.2% BrightSpring Health Services (ADMA Biologics, Catalyst Pharmaceuticals, GeneDx)”
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  • AddedTGS
    June 2026
    “During the quarter, we purchased TGS (Norway), an energy data and services provider.”
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  • New positionBrightSpring Health Services
    June 2026
    “BrightSpring Health Services (BTSG) was added during the quarter.”
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  • ExitedCatalyst Pharmaceuticals
    June 2026
    “We exited our position in Catalyst Pharmaceuticals (CPRX) as the company agreed to be acquired by Angelini Pharma in an all-cash transaction.”
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  • ExitedCredo Technology
    June 2026
    “However, Credo’s market capitalization has exceeded the upper threshold of our portfolio, therefore we exited our position at the end of the quarter.”
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  • New positionReNew Energy Global
    June 2026

    Listed in Renaissance’s reported holdings.

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  • New positionMarui Group
    June 2026

    Listed in Renaissance’s reported holdings.

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  • AddedNvidia
    June 2026
    “Information Technology 36.0% 3.7% CDW, Nvidia (ServiceNow)”
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  • TrimmedGeoPark
    June 2026

    Listed in Renaissance’s reported holdings.

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Companies held · 35

Every company Renaissance has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 7

  • BrightSpring Health Services
    June 2026

    BrightSpring Health Services has a specialty pharmacy platform focused on oncology therapies, and its moat plus generic conversion opportunities should drive years of growth.

    Read the full thesis
  • Trane Technologies
    June 2026

    Trane Technologies offers heating and cooling and benefits from AI data center growth, system-level solutions, and high-margin service revenue.

    Read the full thesis
  • TGS
    June 2026

    TGS provides subsurface energy data and seismic services, and the fund highlights its record backlog and benefit from a recovering oil and gas capex cycle.

    Read the full thesis
  • TGS
    June 2026

    TGS benefits from its unique subsurface data library and rising backlog as energy capex recovers and offshore wind use cases expand.

    Read the full thesis
  • Expedia Group
    June 2026

    Expedia Group is the largest online travel company in North America with margin expansion potential and attractive double-digit earnings growth.

    Read the full thesis
  • ADMA Biologics
    June 2025

    ADMA Biologics is a commercial-stage biopharma company focused on plasma-based biologics for immune deficiencies and infectious disease prevention, with strong growth prospects and a target of $1 billion in revenue by 2030.

    Read the full thesis
  • Dynatrace
    June 2025

    Dynatrace is a leading provider of observability services, benefiting from strong growth drivers such as the shift to cloud and AI, while consolidating customer demand onto a single platform.

    Read the full thesis

Letter archive · 13

2026

2025

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