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The Renaissance IPO ETF

The Smart Way to Invest in IPOs

Buy the US ETF
USA flag

TICKER

IPO

IPO
LISTED
NYSE

Reasons to Invest in our US IPO ETF

ACCESS
New Technologies

Invest in innovative companies after the most important fundraising event in their history.

DIVERSIFY
with New Stocks

Get exposure to multiple IPO stocks in one trade.

INVEST
Before the Mainstream

Get in early on large newly-traded companies.

The IPO ETF has almost NO Overlap with the S&P 500

The IPO ETF only contains NEW STOCKS

IPO ETF

NEW STOCKS ONLY
(Avg. Age 2.2 Years)

0.1%
overlap*

S&P 500

OLDER STOCKS
(Avg. Age 43 Years)

*By Weight, as of 01/01/2024

Key Information
as of 02/28/2024
Ticker IPO
Expense Ratio 0.60%
Type Passive Equity ETF
Inception Date 10/14/2013
Fact Sheet VIEW
ETF Summary

The Renaissance IPO ETF (ticker: IPO) seeks to provide investors with the largest, most liquid US-listed newly public company stocks in one security, reducing the risk of single-stock ownership while avoiding overlap with major core indices for optimal diversification across markets and time. Launched in 2013, it is the only ETF focusing exclusively on the US IPO market.

ETF Description

The Renaissance IPO ETF (ticker: IPO) is a transparent rules-based ETF that tracks as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index. Each quarter the ETF is rebalanced as new IPOs are included and older constituents cycle out three years after their IPO. Constituents are weighted by float-adjusted market capitalization with a cap imposed on any weightings exceeding 10%.

Trading Details
Options Available Yes
CUSIP 759937204
ISIN US 759937204 9
SEDOL BFRB2P9
Distribution Frequency Quarterly
Distribution History VIEW
Index Ground Rules VIEW
Service Providers
Advisor Renaissance Capital LLC
Primary Exchange NYSE Arca
Fund Administrator State Street
Fund Distributor Foreside Fund Services
IPO Index Calculator FTSE

Holdings

as of 02/29/2024  DOWNLOAD  
# Holding
Name
Asset
Class
Ticker Sedol Shares Holding
Value
Weight
1 Coinbase Global Equity COIN BMC9P69 90,171 $18,106,337 10.20%
2 Kenvue Equity KVUE BQ84ZQ6 757,179 $14,492,406 8.16%
3 Nu Holdings Equity NU BN6NP19 1,244,250 $13,773,848 7.76%
4 Coupang Equity CPNG BNYHDF3 583,160 $10,636,838 5.99%
5 Roblox Equity RBLX BMWBC20 247,106 $9,923,777 5.59%
6 Arm Holdings Equity ARM BNSP5P7 54,664 $7,317,323 4.12%
7 AppLovin Equity APP BMV3LG4 111,766 $6,483,546 3.65%
8 Robinhood Markets Equity HOOD BP0TQN6 357,692 $5,769,572 3.25%
9 UiPath Equity PATH BMD02L5 202,445 $4,729,115 2.66%
10 Affirm Holdings Equity AFRM BMF9NM8 119,783 $4,491,863 2.53%
11 Core & Main Equity CNM BNXKS92 86,878 $4,151,031 2.34%
12 Rivian Automotive Equity RIVN BL98841 352,828 $3,986,956 2.25%
13 Nextracker Equity NXT BR1GTS6 66,406 $3,898,696 2.20%
14 On Holding Equity ONON BPF0FP9 112,300 $3,846,275 2.17%
15 SentinelOne Equity S BP7L1B8 124,310 $3,508,028 1.98%
16 GitLab Equity GTLB BMTVT22 46,662 $3,368,996 1.90%
17 Procore Technologies Equity PCOR BLH11J8 42,338 $3,262,990 1.84%
18 Confluent Equity CFLT BNXH3Z4 98,463 $3,232,540 1.82%
19 Duolingo Equity DUOL BMCM6P4 15,429 $3,016,524 1.70%
20 Corebridge Financial Equity CRBG BMTX0G9 121,688 $2,972,838 1.67%
21 DoubleVerify Holdings Equity DV BMDX9Z7 73,149 $2,870,367 1.62%
22 monday.com Equity MNDY BMHRYX8 13,146 $2,858,203 1.61%
23 Kanzhun Equity BZ BM91SH0 171,317 $2,633,142 1.48%
24 Ryan Specialty Holdings Equity RYAN BNXKSK3 50,452 $2,560,944 1.44%
25 Full Truck Alliance Equity YMM BMD2L36 356,402 $2,334,433 1.31%
26 GlobalFoundries Equity GFS BMW7F63 41,732 $2,196,772 1.24%
27 Endeavor Group Holdings Equity EDR BJQ05Y5 84,057 $1,975,340 1.11%
28 Marqeta Equity MQ BN0TQD2 253,357 $1,857,107 1.05%
29 Doximity Equity DOCS BMD22Y4 63,733 $1,780,700 1.00%
30 Freshworks Equity FRSH BPF0BB7 85,493 $1,719,264 0.97%
31 Global-E Online Equity GLBE BN770J3 48,969 $1,674,740 0.94%
32 Braze Equity BRZE BPLQR66 27,647 $1,554,314 0.88%
33 TPG Equity TPG BNKBB55 34,137 $1,489,397 0.84%
34 Remitly Global Equity RELY BNZJHH8 70,231 $1,468,530 0.83%
35 Shoals Technologies Group Equity SHLS BMDJ085 90,486 $1,392,580 0.78%
36 HashiCorp Equity HCP BP0PQT0 51,736 $1,375,143 0.77%
37 Privia Health Group Equity PRVA BMDP209 59,395 $1,299,563 0.73%
38 DigitalOcean Equity DOCN BNC23Q1 33,454 $1,248,169 0.70%
39 Mobileye Global Equity MBLY BLFH8G4 45,678 $1,192,196 0.67%
40 agilon health Equity AGL BLR4TK4 154,587 $983,173 0.55%
41 Squarespace Equity SQSP BKPGJQ1 26,637 $889,676 0.50%
42 Birkenstock Holding Equity BIRK BS44BN3 17,204 $881,361 0.50%
43 dLocal Equity DLO BKVF490 48,564 $807,134 0.45%
44 Clear Secure Equity YOU BLD30T1 43,363 $806,552 0.45%
45 Informatica Equity INFA BMG95P4 22,618 $730,788 0.41%
46 Paycor HCM Equity PYCR BNLYJ59 34,230 $727,388 0.41%
47 PowerSchool Holdings Equity PWSC BMGTPK9 29,575 $616,935 0.35%
48 Bumble Equity BMBL BMZ2WT7 53,321 $598,795 0.34%
49 Hertz Global Holdings Equity HTZ BNM5672 69,851 $550,426 0.31%
50 Dutch Bros Equity BROS BMWP7H2 18,137 $520,532 0.29%
51 CAVA Group Equity CAVA BRBD9F4 8,897 $506,239 0.29%
52 Fluence Energy Equity FLNC BMXC0N9 30,933 $477,915 0.27%
53 Enact Holdings Equity ACT BNZFTG9 15,624 $427,629 0.24%
54 Instacart (Maplebear) Equity CART BN4L6W3 11,733 $366,304 0.21%
55 Bausch + Lomb Equity BLCO BPLQ636 18,667 $314,539 0.18%
56 Klaviyo Equity KVYO BN4JNC6 10,237 $284,896 0.16%
57 Instructure Holdings Equity INST BNXH3T8 10,289 $234,383 0.13%
58 Playtika Holding Equity PLTK BNRQKQ7 12,372 $90,563 0.05%
59 Cash/Other Cash $290,209 0.16%
SHOW ALL SHOW LESS

Market Cap Distribution

as of 02/28/2024

Sector Breakdown

as of 02/28/2024

SECTOR WEIGHT (%)
Technology 33.1 %
Financials 29.2 %
Consumer Discretionary 11.7 %
Communication Services 10.3 %
Consumer Staples 8.2 %
Industrials 5.9 %
Health Care 1.5 %
Daily Performance as of 02/28/2024 Closing Value Daily Change Percent Change 30-Day Median Bid Ask Spread
Market Price $39.06 -$0.13 -0.33% 0.06%
NAV $39.02 -$0.13 -0.34%

Renaissance IPO ETF Fund Performance

Performance History

At Month End
As of 01/31/24 Market Price NAV
1M -9.73% -9.80%
YTD -9.73% -9.80%
1yr 18.81% 18.76%
3yr -20.60% -20.62%
5yr 4.62% 4.56%
Inception 5.77% 5.76%

Inception date is Ocobter 14th, 2013. Returns greater than one year are annualized.

At Quarter End
As of 12/31/23 Market Price NAV
QTR 17.95% 17.93%
YTD 52.55% 52.36%
1yr 52.55% 52.36%
3yr -16.35% -16.35%
5yr 10.37% 10.30%
Inception 6.89% 6.88%

Inception date is Ocobter 14th, 2013. Returns greater than one year are annualized.