RenTech takes new CrowdStrike stake, exits AppLovin, boosts Nvidia holding, among top Q2 trades

Renaissance Technologies disclosed a major Q2 portfolio shift in its latest 13F: it initiated a roughly $572M position in CrowdStrike, nearly tripled its Nvidia stake, and sharply cut exposure to Micron while fully exiting AppLovin. The filing underscores continued institutional conviction in AI-related winners like Nvidia and cybersecurity leader CrowdStrike, while suggesting caution on more volatile semiconductor names such as Micron and a full liquidation of AppLovin. Because 13F filings reflect historical holdings rather than immediate trading, the market impact is mainly sentiment-driven and may reinforce bullish momentum in NVDA and CRWD, with bearish read-through for MU and APP.