Renaissance Technologies, the quantitative hedge fund founded by Jim Simons, drastically reduced its investment in the Financial Select Sector SPDR Fund (XLF) during the second quarter of 2026. According to its latest SEC disclosure, the firm cut its holdings by 94.6%, from over 2.7 million shares down to just 146,511. This sale reduced the value of its reported position from $134.1 million to approximately $7.85 million.
Investors should note that 13F filings are submitted to the SEC up to 45 days after a quarter ends, meaning these trades occurred between April 1 and June 30, 2026. The XLF is a major exchange-traded fund that provides exposure to a diversified basket of companies in the U.S. financial sector, including banking, insurance, and real estate.