Renaissance

7 strategies

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

• Renaissance IM Emerging Markets Equity2

  Emerging markets · 1 companies

• Renaissance IM International Small Cap Equity2

  International Small-cap · 11 companies

• Renaissance IM Large Cap Growth2

  Large-cap Growth · 7 companies

• Renaissance IM Midcap Growth2

  Mid-cap Growth · 9 companies

• Renaissance IM Small Cap Growth2

  Small-cap Growth · 9 companies

• Renaissance IM International Equity1

  International · 10 companies

• Renaissance IM International Equity ADR Strategy1

  International · 5 companies

What they bought and sold · 16 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.”

  Read the letter→
• 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.”

  Read the letter→
• TrimmedBlackLine

  June 2026

  “Information Technology 17.6% 0.0% Commvault Systems, Zeta Global (BlackLine, Credo Technology)”

  Read the letter→
• TrimmedADMA Biologics

  June 2026

  “Health Care 20.1% -4.2% BrightSpring Health Services (ADMA Biologics, Catalyst Pharmaceuticals, GeneDx)”

  Read the letter→
• AddedTGS

  June 2026

  “During the quarter, we purchased TGS (Norway), an energy data and services provider.”

  Read the letter→
• New positionBrightSpring Health Services

  June 2026

  “BrightSpring Health Services (BTSG) was added during the quarter.”

  Read the letter→
• 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.”

  Read the letter→
• 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.”

  Read the letter→
• New positionReNew Energy Global

  June 2026

  Listed in Renaissance’s reported holdings.

  Read the letter→
• New positionMarui Group

  June 2026

  Listed in Renaissance’s reported holdings.

  Read the letter→
• AddedNvidia

  June 2026

  “Information Technology 36.0% 3.7% CDW, Nvidia (ServiceNow)”

  Read the letter→
• TrimmedGeoPark

  June 2026

  Listed in Renaissance’s reported holdings.

  Read the letter→
• TrimmedICON

  June 2025

  “Conversely, we sold our position in ICON (Ireland).”

  Read the letter→
• New positionDaifuku

  June 2025

  “During the quarter, we purchased Daifuku (Japan), the world’s leading provider of automated material handling solutions.”

  Read the letter→

Companies held · 44

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

• ADMA BiologicsJun 2026
• AlibabaJun 2026
• AlibabaJun 2025
• Aris MiningJun 2026
• Atour LifestyleJun 2025
• BAE SystemsJun 2025
• BlackLineJun 2026
• BrightSpring Health ServicesJun 2026
• Catalyst PharmaceuticalsJun 2026
• Comfort Systems USAJun 2026
• Commvault SystemsJun 2026
• Credo TechnologyJun 2026
• DaifukuJun 2025
• FlexJun 2026
• Galp EnergiaJun 2026
• Garrett MotionJun 2026
• GeoParkJun 2026
• HersheyJun 2026
• Houlihan LokeyJun 2026
• ICONJun 2025
• IntuitJun 2026
• JabilJun 2026
• JD.comJun 2025
• KLAJun 2026
• Lam ResearchJun 2026
• LenovoJun 2026
• Marui GroupJun 2026
• MethanexJun 2026
• Millicom International CellularJun 2025
• NetflixJun 2026
• NvidiaJun 2026
• PegasystemsJun 2026
• QinetiQJun 2026
• Quanta ServicesJun 2026
• Renaissance Investment Group, LLCMay 2026
• ReNew Energy GlobalJun 2026
• Silicon Motion TechnologyJun 2026
• Taiwan Semiconductor ManufacturingJun 2025
• TechnoProJun 2025
• TGSJun 2026
• Tradeweb MarketsJun 2026
• TransMedics GroupJun 2026
• Zeta GlobalJun 2026
• ZoetisJun 2026

Theses · 6

• 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→
• 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