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← Renaissance Technologies LLC, its record

Renaissance Technologies LLC and Invesco Ltd: where the books meet

At Q2 2026, at least 25% of the two 13F books was the same, across 175 stocks both listed, against 21% at Q2 2013. Overlap is the smaller of each shared stock’s two weights, added up: the part of one book that could be swapped for the other’s without a trade.

Overlap by quarter
0%14%27%Q2 2013: 21%, 178 in bothQ3 2013: 20%, 180 in bothQ4 2013: 19%, 168 in bothQ1 2014: 19%, 169 in both14Q2 2014: 21%, 174 in bothQ3 2014: 19%, 177 in bothQ4 2014: 18%, 171 in bothQ1 2015: 22%, 192 in both15Q2 2015: 19%, 174 in bothQ3 2015: 18%, 176 in bothQ4 2015: 20%, 179 in bothQ1 2016: 19%, 183 in both16Q2 2016: 18%, 188 in bothQ3 2016: 19%, 170 in bothQ4 2016: 19%, 182 in bothQ1 2017: 21%, 173 in both17Q2 2017: 21%, 191 in bothQ3 2017: 22%, 182 in bothQ4 2017: 20%, 186 in bothQ1 2018: 21%, 185 in both18Q2 2018: 18%, 168 in bothQ3 2018: 19%, 177 in bothQ4 2018: 20%, 186 in bothQ1 2019: 22%, 195 in both19Q2 2019: 19%, 173 in bothQ3 2019: 19%, 180 in bothQ4 2019: 17%, 168 in bothQ1 2020: 19%, 183 in both20Q2 2020: 17%, 182 in bothQ3 2020: 17%, 174 in bothQ4 2020: 15%, 148 in bothQ1 2021: 16%, 147 in both21Q2 2021: 19%, 152 in bothQ3 2021: 22%, 185 in bothQ4 2021: 23%, 184 in bothQ1 2022: 24%, 191 in both22Q2 2022: 26%, 211 in bothQ3 2022: 27%, 220 in bothQ4 2022: 25%, 201 in bothQ1 2023: 25%, 205 in both23Q2 2023: 24%, 193 in bothQ3 2023: 21%, 183 in bothQ4 2023: 24%, 185 in bothQ1 2024: 23%, 189 in both24Q2 2024: 22%, 178 in bothQ3 2024: 21%, 182 in bothQ4 2024: 19%, 177 in bothQ1 2025: 20%, 180 in both25Q2 2025: 19%, 169 in bothQ3 2025: 23%, 190 in bothQ4 2025: 23%, 191 in bothQ1 2026: 20%, 169 in both26Q2 2026: 25%, 175 in both
  • Q2 2013: 21%, 178 in both
  • Q3 2013: 20%, 180 in both
  • Q4 2013: 19%, 168 in both
  • Q1 2014: 19%, 169 in both
  • Q2 2014: 21%, 174 in both
  • Q3 2014: 19%, 177 in both
  • Q4 2014: 18%, 171 in both
  • Q1 2015: 22%, 192 in both
  • Q2 2015: 19%, 174 in both
  • Q3 2015: 18%, 176 in both
  • Q4 2015: 20%, 179 in both
  • Q1 2016: 19%, 183 in both
  • Q2 2016: 18%, 188 in both
  • Q3 2016: 19%, 170 in both
  • Q4 2016: 19%, 182 in both
  • Q1 2017: 21%, 173 in both
  • Q2 2017: 21%, 191 in both
  • Q3 2017: 22%, 182 in both
  • Q4 2017: 20%, 186 in both
  • Q1 2018: 21%, 185 in both
  • Q2 2018: 18%, 168 in both
  • Q3 2018: 19%, 177 in both
  • Q4 2018: 20%, 186 in both
  • Q1 2019: 22%, 195 in both
  • Q2 2019: 19%, 173 in both
  • Q3 2019: 19%, 180 in both
  • Q4 2019: 17%, 168 in both
  • Q1 2020: 19%, 183 in both
  • Q2 2020: 17%, 182 in both
  • Q3 2020: 17%, 174 in both
  • Q4 2020: 15%, 148 in both
  • Q1 2021: 16%, 147 in both
  • Q2 2021: 19%, 152 in both
  • Q3 2021: 22%, 185 in both
  • Q4 2021: 23%, 184 in both
  • Q1 2022: 24%, 191 in both
  • Q2 2022: 26%, 211 in both
  • Q3 2022: 27%, 220 in both
  • Q4 2022: 25%, 201 in both
  • Q1 2023: 25%, 205 in both
  • Q2 2023: 24%, 193 in both
  • Q3 2023: 21%, 183 in both
  • Q4 2023: 24%, 185 in both
  • Q1 2024: 23%, 189 in both
  • Q2 2024: 22%, 178 in both
  • Q3 2024: 21%, 182 in both
  • Q4 2024: 19%, 177 in both
  • Q1 2025: 20%, 180 in both
  • Q2 2025: 19%, 169 in both
  • Q3 2025: 23%, 190 in both
  • Q4 2025: 23%, 191 in both
  • Q1 2026: 20%, 169 in both
  • Q2 2026: 25%, 175 in both

Only quarters both managers filed. Where either filing has more positions than are read each quarter, a stock both hold below that range is not counted, so the figure is a floor.

What the overlap is made of, Q2 2026

Stocks both listed, by the smaller of the two weights. A weight is the stock’s share of that manager’s reported book, which says how large the position is, not how strongly it is held.

StockRenaissance Technologies LLCInvesco Ltd
Nvidia Corp(NVDA)2.0%Added5.2%Added
Facebook Inc(META)1.6%Added1.7%Added
Intel Corp(INTC)1.4%Trimmed1.7%Added
Alphabet Inc(GOOGL)1.1%Added2.6%Added
Alphabet Inc(GOOG)0.8%Added1.8%Added
Amazon Com Inc(AMZN)0.8%New2.7%Added
Netflix Inc(NFLX)0.7%Added0.8%Added
Palantir Technologies Inc(PLTR)1.2%Added0.7%Added
Tesla MTRS Inc(TSLA)0.6%Added1.8%Added
Advanced Micro Devices Inc(AMD)0.6%Added2.4%Added
Apple Inc(AAPL)0.6%Trimmed4.3%Added
Texas Instrs Inc(TXN)0.6%Added0.9%Added
Seagate Technology Hldngs PL(STX)0.6%Added0.6%Added
Crowdstrike HLDGS Inc(CRWD)0.8%New0.5%Added
Western Digital Corp(WDC)0.5%Trimmed0.7%Added
Broadcom Inc(AVGO)0.4%Added2.1%Trimmed
Gilead Sciences Inc(GILD)0.4%Added0.4%Trimmed
Micron Technology Inc(MU)0.3%Trimmed3.3%Added
Intuitive Surgical Inc(ISRG)0.3%Added0.4%Added
Vertex Pharmaceuticals Inc(VRTX)0.2%Trimmed0.3%Added

and 155 smaller ones

Moved different ways in Q2 2026

Stocks one manager started or added to while the other trimmed or sold out, between the same two quarter ends. A 13F shows the quarter ends, never when in between anything was bought or sold, or why.

  • Apple Inc(AAPL)Renaissance Technologies LLC trimmed; Invesco Ltd added
  • Micron Technology Inc(MU)Renaissance Technologies LLC trimmed; Invesco Ltd added
  • Broadcom Inc(AVGO)Renaissance Technologies LLC added; Invesco Ltd trimmed
  • Intel Corp(INTC)Renaissance Technologies LLC trimmed; Invesco Ltd added
  • Western Digital Corp(WDC)Renaissance Technologies LLC trimmed; Invesco Ltd added
  • Qualcomm Inc(QCOM)Renaissance Technologies LLC sold out; Invesco Ltd added
  • Applovin Corp(APP)Renaissance Technologies LLC sold out; Invesco Ltd added
  • Gilead Sciences Inc(GILD)Renaissance Technologies LLC added; Invesco Ltd trimmed
  • JPMorgan Chase & Co(JPM)Renaissance Technologies LLC trimmed; Invesco Ltd added
  • Vertex Pharmaceuticals Inc(VRTX)Renaissance Technologies LLC trimmed; Invesco Ltd added
  • Datadog Inc(DDOG)Renaissance Technologies LLC trimmed; Invesco Ltd added
  • Visa Inc(V)Renaissance Technologies LLC trimmed; Invesco Ltd added
Renaissance Technologies LLC: the recordInvesco Ltd: the record

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