Jim Simons' quantitative hedge fund, Renaissance Technologies, drastically reduced its holdings in Vertiv Holdings Co. (VRT) during the second quarter of 2026. According to its latest 13F filing, the firm sold over 937,000 shares, cutting its position by 96.8% from 967,990 shares down to just 30,760. This massive sell-off reduced the reported value of RenTech's stake from over $242 million to approximately $10.3 million.
Investors should note that 13F filings are delayed disclosures, reflecting a fund's portfolio as of June 30, 2026, not its real-time holdings. During the second quarter, Vertiv reported strong earnings, with a 24% increase in net sales and a 60% rise in adjusted EPS compared to the previous year. Despite the positive results, the stock experienced volatility after the announcement.