Renaissance Investment Group LLC — 13F Portfolio

Renaissance Investment Group LLC is a SEC-registered investment advisory firm headquartered in Cincinnati, Ohio, filing quarterly 13F reports with the Securities and Exchange Commission under CIK #0001509508. The firm has established itself as a respected Midwest-based independent investment manager, providing portfolio management services to high-net-worth individuals, families, and institutional clients. Renaissance Investment Group operates from the Cincinnati financial community — a region with a deep tradition of prudent, long-term-oriented wealth management that has produced a number of notable advisory firms known for disciplined, fundamental approaches to equity investing. The firm functions as an independent registered investment advisor, maintaining a fiduciary standard in its client relationships. This structure affords Renaissance Investment Group the autonomy to construct portfolios based solely on its internal research and investment convictions, free from the conflicts of interest that can arise in broker-dealer or proprietary product distribution models. The firm's leadership team, anchored by Chief Investment Officer and Managing Partner Michael Schroer, brings deep experience in equity analysis and portfolio construction. David Griffith and Kevin McCullough serve as Managing Partner and Portfolio Manager respectively, contributing to a leadership structure where senior investment professionals are directly involved in both client relationships and security selection decisions. Renaissance Investment Group's 13F filing history, which extends back to the early 2010s, provides a substantial record of the firm's equity positioning over more than a decade of market cycles. This lengthy filing history is valuable for analysts seeking to understand the firm's structural investment biases, how it navigated periods of market stress, and the consistency of its approach across varying macroeconomic regimes. The platform's 13F history tools enable systematic examination of this multi-year record.

Renaissance Investment Group LLC employs a quality-oriented, growth-at-a-reasonable-price (GARP) investment philosophy that emphasizes the selection of well-managed, financially sound companies with durable competitive advantages and attractive long-term growth prospects. The firm's approach is rooted in fundamental bottom-up analysis, where individual security selection is driven by thorough assessment of business quality, earnings growth trajectory, balance sheet strength, and valuation relative to intrinsic value. The firm's 13F Portfolio Composition reveals a portfolio concentrated in large-cap U.S. equities, with a clear preference for established companies that demonstrate consistent earnings growth, strong free cash flow generation, and sustainable competitive moats. Holdings typically span the major sectors of the S&P 500 — including technology, healthcare, consumer staples, financials, and industrials — but with selective emphasis on companies that meet the firm's quality and valuation criteria rather than broad passive replication. This results in a portfolio that is diversified at the sector level but concentrated at the individual security level, reflecting high-conviction positions in names that have survived rigorous fundamental scrutiny. Analysis of Top 10 Holdings Concentration across quarterly filings reveals a portfolio where the largest positions represent meaningful weightings, consistent with a conviction-driven approach where capital is allocated to the firm's best ideas rather than spread thinly across a large number of positions. This concentration dynamic is a hallmark of active managers who believe that portfolio construction discipline — sizing positions according to conviction level — is an important driver of long-term risk-adjusted outcomes. Turnover within the portfolio tends to be low, reflecting the firm's long-term investment horizon and its preference for holding quality companies through market cycles rather than trading around short-term price dislocations. This patient capital approach generates tax efficiency for taxable clients and aligns with the firm's fundamental thesis that compounding returns in high-quality businesses over extended periods is the most reliable path to wealth accumulation. New positions are typically added when the firm identifies secular growth themes or company-specific catalysts at attractive valuations, while exits are driven by deterioration in business fundamentals, valuation exhaustion, or the identification of superior alternatives. INVESTMENT RISK PROFILE The risk profile of Renaissance Investment Group is characterized by the firm's quality-oriented portfolio construction and its emphasis on large-cap equities with strong fundamental characteristics. By concentrating on financially robust companies with durable earnings streams, the firm's approach is designed to provide a degree of natural downside protection during market corrections, as high-quality businesses tend to experience less severe earnings declines and faster recoveries than lower-quality or more cyclical counterparts. The Volatility Profile of the portfolio is generally expected to be moderate relative to broad equity benchmarks. Large-cap quality stocks tend to exhibit lower beta characteristics than the overall market during periods of elevated uncertainty, though they can underperform during sharp risk-on rallies when investors rotate aggressively into lower-quality, higher-beta names. This asymmetry — participating in upside while potentially cushioning downside — is a deliberate feature of the GARP approach and contributes to favorable risk-adjusted compounding over complete market cycles. Max Drawdown Depth analysis is particularly illuminating for a quality-focused manager like Renaissance Investment Group. During systemic stress events — such as the 2011 European sovereign debt crisis, the late-2018 Fed tightening selloff, the COVID-19 crash of March 2020, and the 2022 growth-to-value rotation — the firm's high-quality, large-cap positioning would have influenced drawdown magnitude and recovery speed relative to passive benchmarks. Examining these episodes through the platform's backtesting service reveals how the specific composition of the portfolio at each stress point shaped capital trajectory outcomes. Concentration risk warrants attention, as the firm's conviction-weighted approach means that meaningful exposure to a small number of individual names can amplify idiosyncratic drawdowns when company-specific adverse events occur. However, this concentration is mitigated by the firm's emphasis on fundamental quality — companies with strong balance sheets, diversified revenue streams, and capable management teams are statistically less likely to experience catastrophic business failures. Interest rate sensitivity is a nuanced factor for the portfolio. Growth-oriented equities, even those purchased at reasonable valuations, can experience multiple compression during rising rate environments as the discount rate applied to future earnings increases. Conversely, the quality and stability of the firm's typical holdings may attract capital during risk-off environments when rates are declining, providing a partial natural hedge against broader growth equity drawdowns.

Renaissance Investment Group LLC stands as a well-established, Cincinnati-based independent investment advisor with a clearly articulated quality-growth investment philosophy and a substantial multi-year 13F filing record. The firm's GARP-oriented approach, low turnover, and emphasis on large-cap quality equities create a distinctive investment fingerprint that can be systematically analyzed through the platform's portfolio simulator and performance backtesting tools. Key analytical dimensions for evaluating the firm's compounding behavior include Annualized Return (CAGR) measured through historical replication of disclosed 13F holdings, normalized to a user-defined notional for clean comparison against benchmarks and peer strategies. The Sortino Ratio is an especially relevant efficiency metric for Renaissance Investment Group, as it captures the asymmetric return profile that a quality-focused strategy aims to deliver — strong participation in upside with moderated downside deviation. Sector Allocation History derived from sequential 13F filings illuminates how the firm has evolved its sector positioning over time, revealing whether the approach has remained structurally consistent or adapted to shifting macroeconomic conditions. The firm's decade-plus filing history provides sufficient data to evaluate compounding behavior across multiple distinct market regimes: the post-GFC recovery and QE era, the 2015–2016 energy and manufacturing recession, the late-cycle expansion of 2017–2019, the pandemic shock and recovery, and the inflationary tightening cycle of 2022–2023. This breadth of regime coverage makes Renaissance Investment Group a compelling case study for understanding how a quality GARP approach navigates structural shifts in market leadership. A critical diagnostic question emerges for forward-looking analysis: given that quality-growth factors experienced a historic period of outperformance during the low-rate, QE-driven environment of the 2010s, how resilient is Renaissance Investment Group's capital trajectory framework in a structurally higher interest rate regime where value factors and cyclical sectors may command sustained leadership — and does the firm's portfolio show evidence of adapting to this potential regime shift?