Quantitative investing giant Renaissance Technologies, founded by Jim Simons, drastically cut its holdings in Synopsys Inc. (SNPS) during the second quarter of 2026. The fund sold over 264,000 shares, an 87% reduction of its stake, with an estimated trade value of $118 million. This sale reduced Synopsys from a minor 0.19% of Renaissance's reported portfolio to just 0.02%, leaving a remaining position of only 39,540 shares valued at $17.6 million.
This trade information comes from a quarterly 13F filing, which is released with a delay and reflects the fund's holdings as of June 30, 2026. Synopsys is a leading company in electronic design automation (EDA) software, which is crucial for designing complex semiconductor chips. During the second quarter, Synopsys reported a 41.9% year-over-year increase in revenue to $2.28 billion and raised its full-year guidance.