Renaissance Capital LLC
Renaissance Capital LLC is a privately held investment adviser founded in 1991 and headquartered in Stamford, Connecticut. The firm specializes in global IPO-focused investment services, including proprietary pre-IPO research, data analytics, advisory services for IPO-focused funds, and tracks IPO market activity globally. Renaissance Capital LLC serves institutional investors such as mutual funds, hedge funds, asset managers, pension plans, and provides products to general investors through public ETFs. Its leadership includes Kathleen Shelton Smith (Chairman) and William K. Smith (CEO). As of its most recent disclosures, the firm managed over $400 million in assets and employs a focused staff of research, investment, and operations professionals.
Investment Strategy
Renaissance Capital employs a global, event-driven, IPO-focused investment strategy targeting newly public companies in both U.S. and international markets, at the time of their offering and during subsequent trading. The firm utilizes proprietary pre-IPO research and a structured methodology to analyze unseasoned equities, focusing on the fundamentals of the underlying businesses, governance structures, quantitative valuation, and benchmarking against similar public companies. The investment strategy is rules-based and index-driven, aiming for unique returns from companies not yet included in broad market indices, and is delivered via its Renaissance IPO ETF, Renaissance International IPO ETF, and customized institutional accounts.
Top Holdings
Equity Positions (29)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
R RDDT | REDDIT INC | 9.44% | $16.8M | 73,218 | $127.74 | $229.99 | +$978.4K |
K KVUE | KENVUE INC | 8.92% | $15.9M | 980,436 | $19.08 | $16.23 | +$2.7M |
A ALAB | ASTERA LABS INC | 8.90% | $15.9M | 81,126 | $104.42 | $195.80 | +$4.4M |
A ARM | ARM HOLDINGS PLC | 8.25% | $14.7M | 104,090 | $106.75 | $141.49 | -$1.4M |
N NXT | NEXTRACKER INC | 5.21% | $9.3M | 125,612 | $51.01 | $73.99 | +$3.9M |