Renaissance cut its Nvidia holdings by 99.7%, with Micron ranking first

Renaissance Technologies cut its Nvidia ($NVDA) stake by 99.7% in the third quarter, reducing holdings from 7,091,256 shares at June 30 to 23,170 shares at September 30, a reduction of 7,068,086 shares, according to its 13F filing with the SEC. The value of the Nvidia position fell from $1.42 billion at the end of June to $5.33 million at the end of September. Micron ($MU) became the firm's largest holding by value at $1.62 billion. The move signals a major quantitative fund sharply rotating out of the AI chip leader and into memory exposure. What to watch next is whether Renaissance rebuilds its Nvidia position or continues shifting toward Micron and other semiconductor names in the fourth-quarter filing.