Renaissance Large Cap Growth Strategy exited position in Honeywell due to deteriorating fundamentals

From Yahoo Finance: 2025-05-23 10:37:00

Renaissance Investment Management released its Q1 2025 investor letter, noting a 4.3% loss in the S&P 500 due to tech stock uncertainty and US economic policies. However, Energy, Health Care, and Utilities sectors performed well. The strategy outpaced the Russell 1000 Growth benchmark but lagged the S&P 500. Top five holdings are available for more details.

In Q1 2025, the Renaissance Large Cap Growth Strategy highlighted Honeywell International Inc. (NASDAQ:HON), a technology company with a one-month return of 11.40% and a 12.16% increase in share value over 52 weeks. On May 22, 2025, Honeywell’s stock closed at $223.63 per share with a market capitalization of $143.72 billion.

Renaissance Large Cap Growth Strategy sold its position in Honeywell International Inc. (NASDAQ:HON) due to deteriorating fundamental factors and disappointing operating results. The company faced subdued demand from its industrial segment post-COVID, leading to a shortfall in short-cycle product growth expectations. External challenges are expected to persist in the future.



Read more at Yahoo Finance: Here’s Why Renaissance Large Cap Growth Strategy Exited Its Position in Honeywell International (HON)