The Renaissance Group LLC, an independent financial advisory firm based in Ventura, California, has $2,204,409,000 worth of assets under management (AUM) in its portfolio in the second quarter of fiscal 2013 based on its 13F filing with the Securities and Exchange Commission (SEC). Last quarter, the firm’s AUM was worth $2,286,335,073, which means the amount of its current declined.
During the period, the firm acquired 23 new stocks, increased its position in 11 companies, reduced stake across 141 stocks, and sold out its entire position in 28 equities. Its top ten stockholdings represents 14.74% of its portfolio.
Dan Loeb's Third Point returned 11% in its flagship Offshore Fund and 13.2% in its Ultra Fund for the first quarter. For April, the Offshore Fund was up 1.7%, while the Ultra Fund gained 2.3%. The S&P 500 was up 6.2% for the first quarter, while the MSCI World Index gained 5%. Q1 2021 hedge Read More
Renaissance largest stockholdings
The Renaissance Group’s largest positions in the second quarter include Western Digital Corp (NASDAQ:WDC) 1.71%, American Express Company (NYSE:AXP) 1.57%, The Boeing Company (NYSE:BA) 1.52%, Union Pacific Corporation (NYSE:UNP) 1.48%, and McKesson Corporation (NYSE:MCK) 1.47%.
Renaissance major new positions
During the quarter, major new acquisitions of Renaissance Group include SanDisk Corporation (NASDAQ:SNDK) 484, 145 shares, Priceline.com Inc (NASDAQ:PCLN) 35,232 shares, Hanesbrands, Inc. (NYSE:HBI) 547,474 shares, Skyworks Solutions Inc (NASDAQ:SWKS), 1,261,168 shares, and PulteGroup, Inc. (NYSE:PHM) 1,372,429 shares.
The firm also acquired 122,563 shares of Rolls-Royce Holding PLC (OTCMKTS:RYCEY) (LON:RR), 26,824 shares of Marathon Petroleum Corp (NYSE:MPC), 232,792 shares of Safran SA (EPA:SAF), 89,787 shares of Safeway Inc.(NYSE:SWY), and 428,604 shares shares of Valeo SA (EPA:FR).
Renaissance added positions
The firm bought or increased positions in Expedia Inc (NASDAQ:EXPE) 44,402 shares, JSC Gazprom OAO (OTCMKTS:OGZPY) 18,664 shares, PT BK MANDIRI PE (OTCMKTS:PPERY) 581,192 shares, and SBERBANK RUSSIA (OTCMKTS:SBRCY) 506,356 shares.
Renaissance reduced positions
Renaissance Group reduced its stockholding in Apple Inc. (NASDAQ:AAPL) by 1,539 shares. The company is expected to launch its next generation iPhone on September 10. The firm also cut its stake in Accenture Plc (NYSE:ACN) by 23,205 shares, Avago Technologies Ltd (NASDAQ:AVGO) 23,424 shares, AerCap Holdings N.V. (NYSE:AER) 62,974 shares, Franklin Resources, Inc (NYSE:BEN) 120,015 shares among others.
Renaissance sold out positions
The firm sold out its entire stake in The Cooper Companies, Inc. (NYSE:COO), Foot Locker, Inc. (NYSE:FL), UnitedHealth Group Inc. (NYSE:UNH), Teradata Corporation (NYSE:TDC), and Intel Corporation (NASDAQ:INTC).
John Graves, one of the financial advisors of Renaissance Group, is also a registered LPL principal and one of the two owners of the firm. In addition to comprehensive financial planning, the firm offers risk management, retirement income planning and client portfolio management services.