Renaissance Technologies' Nvidia (NVDA) stake nearly vanished in Q3. Micron (MU) is now its biggest holding.

Key points Renaissance Technologies' third-quarter 13F is out Nvidia (NVDA) went from top holding to almost zero Micron (MU) is Renaissance's new biggest stake Why Renaissance positions can flip in one quarter Renaissance Technologies reported almost no Nvidia (NVDA) stock at the end of the third quarter, and Micron Technology (MU) was its largest reported holding, according to the 13F the firm filed on Nov. 12. Nvidia had been the biggest position in its previous filing, for June 30. Renaissance reported 7,091,256 Nvidia shares worth $1.42 billion at the end of June. As of Sept. 30 it reported 23,170, worth about $5.3 million. Micron went the other way, growing from 211,580 shares to 1,520,639, and the filing values that stake at $1.62 billion. I went through all 3,151 lines of the filing, and Nvidia turned out to be part of a bigger pattern.

This excerpt comes from the named source. Read the original for the full reporting.