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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 07/22/2024
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 07/23/2024  DOWNLOAD  
# Holding
Name
Asset
Class
Ticker Sedol Shares Holding
Value
Weight
1 Nu Holdings Equity NU BN6NP19 1,412,301 $18,345,790 10.41%
2 Kenvue Equity KVUE BQ84ZQ6 919,130 $16,755,740 9.51%
3 Arm Holdings Equity ARM BNSP5P7 93,584 $15,305,663 8.69%
4 Robinhood Markets Equity HOOD BP0TQN6 568,653 $13,317,853 7.56%
5 Rivian Automotive Equity RIVN BL98841 704,558 $12,132,489 6.89%
6 On Holding Equity ONON BPF0FP9 211,883 $8,598,212 4.88%
7 Core & Main Equity CNM BNXKS92 142,042 $7,401,809 4.20%
8 Corebridge Financial Equity CRBG BMTX0G9 218,869 $6,493,843 3.69%
9 Duolingo Equity DUOL BMCM6P4 31,409 $5,571,643 3.16%
10 GitLab Equity GTLB BMTVT22 101,440 $5,431,098 3.08%
11 Instacart (Maplebear) Equity CART BN4L6W3 147,328 $5,240,457 2.97%
12 CAVA Group Equity CAVA BRBD9F4 64,596 $5,187,705 2.94%
13 Ryan Specialty Holdings Equity RYAN BNXKSK3 87,601 $5,055,454 2.87%
14 GlobalFoundries Equity GFS BMW7F63 84,183 $4,734,452 2.69%
15 Nextracker Equity NXT BR1GTS6 99,081 $4,698,421 2.67%
16 SentinelOne Equity S BP7L1B8 196,260 $4,549,307 2.58%
17 TPG Equity TPG BNKBB55 71,936 $3,472,351 1.97%
18 Dutch Bros Equity BROS BMWP7H2 78,386 $3,099,382 1.76%
19 HashiCorp Equity HCP BP0PQT0 82,359 $2,760,674 1.57%
20 Viking Holdings Equity VIK BRDXKH1 63,187 $2,295,584 1.30%
21 Freshworks Equity FRSH BPF0BB7 173,235 $2,271,111 1.29%
22 Nuvalent Equity NUVL BMVBZD3 27,139 $2,202,058 1.25%
23 Birkenstock Holding Equity BIRK BS44BN3 33,625 $1,858,454 1.06%
24 Mobileye Global Equity MBLY BLFH8G4 76,128 $1,826,311 1.04%
25 Braze Equity BRZE BPLQR66 44,476 $1,755,912 1.00%
26 Remitly Global Equity RELY BNZJHH8 123,248 $1,661,383 0.94%
27 UL Solutions Equity ULS BPW6WJ3 33,351 $1,485,787 0.84%
28 Reddit Equity RDDT BMVNLY2 21,705 $1,478,762 0.84%
29 Informatica Equity INFA BMG95P4 54,677 $1,363,644 0.77%
30 Kaspi.kz Equity KSPI BJY21K1 9,747 $1,271,496 0.72%
31 Amer Sports Equity AS BN6TZY0 103,706 $1,161,507 0.66%
32 PowerSchool Holdings Equity PWSC BMGTPK9 50,601 $1,137,510 0.65%
33 Astera Labs Equity ALAB BMTQ7V2 18,862 $998,932 0.57%
34 Fluence Energy Equity FLNC BMXC0N9 51,734 $840,678 0.48%
35 Enact Holdings Equity ACT BNZFTG9 24,856 $833,173 0.47%
36 Klaviyo Equity KVYO BN4JNC6 31,852 $798,848 0.45%
37 Rubrik Equity RBRK BSLQK57 19,734 $681,612 0.39%
38 Bausch + Lomb Equity BLCO BPLQ636 34,580 $598,234 0.34%
39 Loar Holdings Equity LOAR BLDCK32 8,873 $530,605 0.30%
40 Instructure Holdings Equity INST BNXH3T8 18,808 $430,703 0.24%
41 ZEEKR Intelligent Technology Holding Equity ZK BS561Z0 18,002 $338,078 0.19%
42 Cash/Other Cash $180,341 0.10%
SHOW ALL SHOW LESS

Market Cap Distribution

as of 07/23/2024

Sector Breakdown

as of 07/23/2024

SECTOR WEIGHT (%)
Financials 29.1 %
Technology 26.3 %
Consumer Discretionary 22.7 %
Consumer Staples 9.3 %
Industrials 8.5 %
Communication Services 3.2 %
Health Care 1.6 %
Daily Performance as of 07/22/2024 Closing Value Daily Change Percent Change 30-Day Median Bid Ask Spread
Market Price $41.41 $0.16 0.39% 0.07%
NAV $41.45 $0.17 0.42%

Renaissance IPO ETF Fund Performance

Performance History

At Month End
As of 06/30/24 Market Price NAV
1M 2.77% 2.90%
YTD 6.92% 7.09%
1yr 23.30% 23.57%
3yr -15.25% -15.22%
5yr 5.12% 5.13%
Inception 7.22% 7.24%

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

At Quarter End
As of 06/30/24 Market Price NAV
QTR -2.90% -2.70%
YTD 6.92% 7.09%
1yr 23.30% 23.57%
3yr -15.25% -15.22%
5yr 5.12% 5.13%
Inception 7.22% 7.24%

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