13F filer · CIK 1535058 ↗

Renaissance Capital LLC

You are looking at Q4 2025. See the latest, Q3 2026 →

Reported value

$138.8M

−22% on the quarter before

Positions

10 new · 2 sold out

Top 10

63.6%

of the value

Est. gain

−$8.5M

on stocks held all quarter

Est. return

−7.0%

on those stocks since Q3 2025

Filed

Jan 29, 2026

On SEC EDGAR ↗

Positions as of Dec 31, 2025, from Renaissance Capital LLC's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.

Portfolio at a glance

New
Added
Cut
Same
Options

Each tile is a position, sized by its share, colored by what the fund did with it since Q3 2025. Striped tiles are options.

Reddit Inc10%

Kenvue Inc10%

CoreWeave8.7%Astera Labs8.3%

15 others6.5%

Arm Holdings Plc5.5%

Nextpower Inc5.0%

Viking Holdings Ltd4.8%

Rubrik4.0%

American Healthcare Reit Inc3.4%

Maplebear Inc3.4%

Jsc Kaspi.Kz3.2%

ServiceTitan3.2%

Ul Solutions Inc2.7%

Cava Group Inc2.7%

Tempus AI2.6%

Amer Sports2.6%

Brightspring Health Services1.9%

Standardaero Inc1.9%

Klaviyo1.7%Circle1.7%

Karman Holdings Inc1.7%

Waystar Holding Corp1.6%

Loar Holdings Inc1.3%

Lineage Inc1.1%

Reddit Inc10%

Kenvue Inc10%

CoreWeave8.7%Astera Labs8.3%

15 others6.5%

Arm Holdings Plc5.5%

Nextpower Inc5.0%

Viking Holdings Ltd4.8%

Rubrik4.0%

American Healthcare Reit Inc3.4%

Maplebear Inc3.4%

Jsc Kaspi.Kz3.2%

ServiceTitan3.2%

Ul Solutions Inc2.7%

Cava Group Inc2.7%

Tempus AI2.6%

Amer Sports2.6%

Brightspring Health Services1.9%

Standardaero Inc1.9%

Klaviyo1.7%Circle1.7%

Karman Holdings Inc1.7%

Waystar Holding Corp1.6%

Loar Holdings Inc1.3%

Lineage Inc1.1%

Largest buys

Since Q3 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.

CoreWeave~$8.7MAdded · 3.6% → 8.7%+121,019 shares
American Healthcare Reit Inc~$4.7MNew · 0.0% → 3.4%+100,247 shares
ServiceTitan~$3.0MAdded · 0.7% → 3.2%+28,454 shares
Brightspring Health Services~$2.6MNew · 0.0% → 1.9%+70,105 shares
Karman Holdings Inc~$2.4MNew · 0.0% → 1.7%+32,365 shares
Waystar Holding Corp~$2.3MNew · 0.0% → 1.6%+69,393 shares
Figure Technology Solutions~$902,768New · 0.0% → 0.7%+22,105 shares
Klarna Group Plc~$632,811New · 0.0% → 0.5%+21,889 shares
Netskope~$534,865New · 0.0% → 0.4%+30,494 shares
Beta Technologies Inc~$449,921New · 0.0% → 0.3%+15,949 shares

Largest sells

Since Q3 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.

Viking Holdings Ltd~$4.1MCut · 5.2% → 4.8%−56,794 shares
Nextpower Inc~$3.9MCut · 5.2% → 5.0%−45,205 shares
Mobileye Global Inc~$3.8MSold out · 2.1% → 0.0%−268,558 shares
Arm Holdings Plc~$3.7MCut · 8.3% → 5.5%−34,247 shares
Rubrik~$3.0MCut · 5.2% → 4.0%−39,657 shares
Maplebear Inc~$3.0MCut · 3.5% → 3.4%−66,440 shares
Kenvue Inc~$2.8MCut · 8.9% → 10.2%−163,718 shares
Amer Sports~$2.7MCut · 3.2% → 2.6%−71,880 shares
Jsc Kaspi.Kz~$2.6MCut · 4.1% → 3.2%−33,525 shares
Standardaero Inc~$2.6MCut · 2.8% → 1.9%−89,805 shares

Holdings

As of Dec 31, 2025. Changes are in shares against Sep 30, 2025, so a price move alone never reads as a buy or a sale.

Positions, sorted by share of the portfolio
#	Holding		% prev	Value	Shares		Price	Prev price
1	Reddit IncCOM CL A · shares −14% · price −0.1%	10.4%	9.4%	$14.5M	62,967	−14%	$229.87	$229.99	−0.1%	−$7,556
2	Kenvue IncCOM · shares −17% · price +6.3%	10.2%	8.9%	$14.1M	816,718	−17%	$17.25	$16.23	+6.3%	+$833,053
3	CoreWeaveCOM CL A · shares +257% · price −47.7%	8.7%	3.6%	$12.0M	168,181	+257%	$71.61	$136.85	−47.7%	−$3.1M
4	Astera LabsCOM · shares −15% · price −15.0%	8.3%	8.9%	$11.5M	69,170	−15%	$166.36	$195.80	−15.0%	−$2.0M
5	Arm Holdings PlcADR · shares −33% · price −22.7%	5.5%	8.3%	$7.6M	69,843	−33%	$109.31	$141.49	−22.7%	−$2.2M
6	Nextpower IncCOM CL A · shares −36% · price +17.7%	5.0%	5.2%	$7.0M	80,407	−36%	$87.11	$73.99	+17.7%	+$1.1M
7	Viking Holdings LtdCOM · shares −38% · price +14.9%	4.8%	5.2%	$6.6M	92,642	−38%	$71.41	$62.16	+14.9%	+$856,938
8	RubrikCOM · shares −35% · price −7.0%	4.0%	5.2%	$5.6M	72,802	−35%	$76.48	$82.25	−7.0%	−$420,068
9	American Healthcare Reit IncCOM · shares New	3.4%	—	$4.7M	100,247	New	$47.06	—	—	—
10	Maplebear IncCOM · shares −39% · price +22.4%	3.4%	3.5%	$4.7M	103,905	−39%	$44.98	$36.76	+22.4%	+$854,099
11	Jsc Kaspi.KzADR · shares −37% · price −4.3%	3.2%	4.1%	$4.4M	56,225	−37%	$78.13	$81.68	−4.3%	−$199,599
12	ServiceTitanCOM · shares +223% · price +5.6%	3.2%	0.72%	$4.4M	41,223	+223%	$106.50	$100.83	+5.6%	+$72,401
13	Ul Solutions IncCOM CL A · shares −2.7% · price +11.3%	2.7%	1.9%	$3.7M	47,544	−2.7%	$78.86	$70.86	+11.3%	+$380,352
14	Cava Group IncCOM · shares −40% · price −2.8%	2.7%	3.6%	$3.7M	63,527	−40%	$58.69	$60.41	−2.8%	−$109,266
15	Tempus AICOM · shares −28% · price −26.8%	2.6%	3.8%	$3.6M	60,687	−28%	$59.05	$80.71	−26.8%	−$1.3M
16	Amer SportsCOM · shares −43% · price +7.5%	2.6%	3.2%	$3.5M	94,975	−43%	$37.35	$34.75	+7.5%	+$246,935
17	Brightspring Health ServicesCOM · shares New	1.9%	—	$2.6M	70,105	New	$37.45	—	—	—
18	Standardaero IncCOM · shares −50% · price +5.1%	1.9%	2.8%	$2.6M	90,189	−50%	$28.68	$27.29	+5.1%	+$125,363
19	KlaviyoCOM CL A · shares −30% · price +17.3%	1.7%	1.6%	$2.4M	73,557	−30%	$32.47	$27.69	+17.3%	+$351,603
20	CircleCOM CL A · shares −41% · price −40.2%	1.7%	3.8%	$2.4M	30,047	−41%	$79.30	$132.58	−40.2%	−$1.6M
21	Karman Holdings IncCOM · shares New	1.7%	—	$2.4M	32,365	New	$73.17	—	—	—
22	Waystar Holding CorpCOM · shares New	1.6%	—	$2.3M	69,393	New	$32.75	—	—	—
23	Loar Holdings IncCOM · shares −50% · price −15.0%	1.3%	2.4%	$1.8M	27,151	−50%	$68.00	$80.00	−15.0%	−$325,812
24	Lineage IncCOM · shares −50% · price −9.4%	1.1%	1.9%	$1.6M	44,964	−50%	$35.00	$38.64	−9.4%	−$163,669
25	Birkenstock Holding PlcCOM · shares −51% · price −9.6%	1.00%	1.8%	$1.4M	33,898	−51%	$40.90	$45.25	−9.6%	−$147,457
	Total · 39 positions	100%		$138.8M						−$8.5M

The filing on SEC EDGAR ↗

Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.

What made money

From Q3 2025 to Q4 2025: 29 stocks held throughout, down $8.5M (−7.0%).

Nextpower Inc+$1.1M+18%
Viking Holdings Ltd+$856,938+15%
Maplebear Inc+$854,099+22%
Kenvue Inc+$833,053+6%
Ul Solutions Inc+$380,352+11%
Tempus AI−$1.3M−27%
Circle−$1.6M−40%
Astera Labs−$2.0M−15%
Arm Holdings Plc−$2.2M−23%
CoreWeave−$3.1M−48%

Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.

Reported value by quarter

The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.

$800.0M$400.0M$0

Q4 202024 quartersQ3 2026

Every quarter's filing

Each quarter's 13F filing, newest first
Quarter	Filed	Reported value	Positions	Filing
Q3 2026	Oct 23, 2026	$144.6M−20%	54	SEC ↗
Q2 2026	Aug 5, 2026	$181.3M+31%	52	SEC ↗
Q1 2026	May 7, 2026	$138.0M−1%	47	SEC ↗
Q4 2025	Jan 29, 2026	$138.8M−22%	39	SEC ↗
Q3 2025	Oct 20, 2025	$178.4M+24%	31	SEC ↗
Q2 2025	Jul 18, 2025	$143.4M+11%	28	SEC ↗
Q1 2025	Apr 11, 2025	$129.5M−15%	28	SEC ↗
Q4 2024	Jan 24, 2025	$152.4M+0%	25	SEC ↗
Q3 2024	Oct 15, 2024	$151.9M−15%	32	SEC ↗
Q2 2024	Jul 11, 2024	$179.1M−7%	41	SEC ↗
Q1 2024	Apr 9, 2024	$192.7M−5%	53	SEC ↗
Q4 2023	Jan 5, 2024	$203.4M+8%	59	SEC ↗
Q3 2023	Oct 6, 2023	$188.3M+7%	69	SEC ↗
Q2 2023	Jul 17, 2023	$175.9M+30%	75	SEC ↗
Q1 2023	Apr 11, 2023	$135.0M+5%	88	SEC ↗
Q4 2022	Jan 6, 2023	$128.2M−18%	87	SEC ↗
Q3 2022	Oct 6, 2022	$155.7M−17%	81	SEC ↗
Q2 2022	Jul 11, 2022	$187.8M−20%	73	SEC ↗
Q1 2022	May 12, 2022	$235.4M−40%	100	SEC ↗
Q4 2021	Feb 1, 2022	$389.6M−21%	107	SEC ↗
Q3 2021	Feb 1, 2022	$496.2M−22%	106	SEC ↗
Q2 2021	Feb 1, 2022	$632.4M−6%	72	SEC ↗
Q1 2021	Feb 1, 2022	$674.9M−8%	62	SEC ↗
Q4 2020	Feb 1, 2022	$732.2M	49	SEC ↗