Hedge fund giant Renaissance Group just made some aggressive portfolio moves — and the message is clear: streaming, AI infrastructure and enterprise software are where the smart money is leaning.
Its latest 13F filing shows massive position increases in Netflix Inc (NASDAQ:NFLX), Lam Research Corp (NASDAQ:LRCX) and ServiceNow Inc (NYSE:NOW), alongside a wave of fresh bets across healthcare, mining and financials.
The most eye-catching shift came in Netflix. Renaissance boosted its position by nearly 900% quarter-over-quarter, ramping holdings to 355,377 shares — even as the dollar value of the position slipped about 22% due to price changes.
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Lam Research saw an even more dramatic build. The fund increased its stake by over 1,800%, turning the AI semiconductor equipment maker into one of its fastest-growing positions. The move signals rising conviction in chip infrastructure plays tied to AI demand.
ServiceNow also drew strong buying interest, with Renaissance increasing its position by more than 400%, reinforcing the enterprise software and automation theme that dominates institutional portfolios.
Together, the moves point to a clear strategy shift toward high-growth tech enablers rather than consumer-facing platforms alone.
Beyond tech, Renaissance opened several notable new positions. New holdings included Pegasystems Inc (NASDAQ:PEGA), Charles Schwab Corp (NYSE:SCHW), Boston Scientific Corp (NYSE:BSX) and Hudbay Minerals Inc (NYSE:HBM), reflecting a mix of enterprise software, financial services, healthcare and commodities exposure.
The fund also initiated positions in Privia Health Group Inc (NASDAQ:PRVA), Nextpower Inc (NASDAQ:NXT) and Cushman & Wakefield Ltd (NYSE:CWK), suggesting a broader diversification push across infrastructure and services.
Renaissance’s portfolio reshuffle highlights where institutional conviction is strengthening — streaming platforms with pricing power, semiconductor equipment fueling AI expansion and enterprise cloud software.
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For investors tracking smart money signals, the takeaway is clear: hedge funds continue to crowd into AI infrastructure and platform-driven tech, while selectively expanding into new sector opportunities.
