Two Sigma Investments Portfolio
Two Sigma Investments is managed by John Overdeck & David Siegel; 13F filer (CIK 0001179392).
Q2 2023 · 2804 positions · Total reported value $38.17B · Top-10 concentration 10.8%
Turnover: 57.3% · 569 new · 1488 cut · 365 exited
Active Share (vs S&P 500): 72.7% · vs QQQ: 83.3% — share of the book that differs from index weights (higher = more active) · ranking
In its Q2 2023 13F filing, Two Sigma Investments disclosed 2804 equity positions with a combined reported value of $38.17B. The filing implies a diversified portfolio: its ten largest positions account for 10.8% of reported value. HoldingsHub classifies the profile as Large / Diversified / High Turnover.
The largest disclosed positions as of Q2 2023 were QQQ ($1.01B), SPY ($612.22M), AAL ($459.99M). By sector, the heaviest allocations are Consumer Discretionary 20.9%, Technology 15.9%. Versus the prior quarter, allocation shifted toward Utilities (+4.1pp), Technology (+2.0pp) and away from Consumer Discretionary (-1.1pp), Health Care (-1.5pp).
Versus the prior quarter, Two Sigma Investments opened 569 new positions, trimmed 1488 and fully exited 365, a turnover rate of 57.3% of positions. The portfolio's overlap with the prior quarter was 71% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
Sector Allocation
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | QQQ | INVESCO QQQ TR | 2.72M | $1.01B | 2.63% | Add |
| 2 | SPY | STATE STR SPDR S&P 500 ETF T | 1.38M | $612.22M | 1.60% | Add |
| 3 | AAL | AMERICAN AIRLINES GROUP INC | 72.07M | $459.99M | 1.21% | Add |
| 4 | NEE | NEXTERA ENERGY INC | 4.66M | $345.83M | 0.91% | Add |
| 5 | CCL | CARNIVAL CORPORATION | 16.89M | $318.01M | 0.83% | Reduce |
| 6 | NVDA | NVIDIA CORPORATION | 693.91K | $293.54M | 0.77% | Add |
| 7 | RCL | ROYAL CARIBBEAN GROUP | 2.75M | $284.90M | 0.75% | Add |
| 8 | NCLH | NORWEGIAN CRUISE LINE HLDGS | 12.48M | $271.65M | 0.71% | Add |
| 9 | F | FORD MOTOR COMPANY | 17.77M | $268.85M | 0.70% | Reduce |
| 10 | V | VISA INC | 1.10M | $261.54M | 0.69% | Reduce |
| 11 | IWM | ISHARES TR | 1.39M | $259.84M | 0.68% | Add |
| 12 | ABBV | ABBVIE INC | 1.84M | $247.48M | 0.65% | Add |
| 13 | ELV | ELEVANCE HEALTH INC FORMERLY | 555.94K | $247.00M | 0.65% | Add |
| 14 | PYPL | PAYPAL HLDGS INC | 3.62M | $241.50M | 0.63% | Add |
| 15 | NKE | NIKE INC | 2.15M | $237.37M | 0.62% | New |
| 16 | WMT | WALMART INC | 1.49M | $233.95M | 0.61% | Reduce |
| 17 | CVS | CVS HEALTH CORP | 3.36M | $232.26M | 0.61% | Add |
| 18 | LMT | LOCKHEED MARTIN CORP | 485.96K | $223.73M | 0.59% | Add |
| 19 | HON | HONEYWELL INTL INC | 1.07M | $221.15M | 0.58% | Reduce |
| 20 | KO | COCA COLA CO | 3.65M | $220.07M | 0.58% | Add |
| 21 | AMGN | AMGEN INC | 986.90K | $219.11M | 0.57% | Add |
| 22 | TMO | THERMO FISHER SCIENTIFIC INC | 419.83K | $219.05M | 0.57% | Add |
| 23 | MCD | MCDONALDS CORP | 717.85K | $214.21M | 0.56% | Reduce |
| 24 | ZM | ZOOM COMMUNICATIONS INC | 3.13M | $212.59M | 0.56% | Hold |
| 25 | BMY | BRISTOL-MYERS SQUIBB CO | 3.20M | $204.50M | 0.54% | Add |
| 26 | RBLX | ROBLOX CORP | 5.04M | $203.02M | 0.53% | Add |
| 27 | TGT | TARGET CORP | 1.53M | $201.78M | 0.53% | Add |
| 28 | DASH | DOORDASH INC | 2.58M | $197.34M | 0.52% | Add |
| 29 | SNAP | SNAP INC | 16.66M | $197.26M | 0.52% | Reduce |
| 30 | AAPL | APPLE INC | 1.02M | $197.21M | 0.52% | Add |
| 31 | DKNG | DRAFTKINGS INC NEW | 7.40M | $196.58M | 0.52% | Add |
| 32 | XLU | SELECT SECTOR SPDR TR | 3.00M | $196.26M | 0.51% | Add |
| 33 | NSC | NORFOLK SOUTHN CORP | 851.88K | $193.17M | 0.51% | Add |
| 34 | U | UNITY SOFTWARE INC | 4.45M | $193.17M | 0.51% | New |
| 35 | JCI | JOHNSON CONTROLS INTERNATION | 2.83M | $193.00M | 0.51% | Reduce |
| 36 | EMR | EMERSON ELEC CO | 2.12M | $191.80M | 0.50% | Reduce |
| 37 | UNP | UNION PAC CORP | 936.58K | $191.64M | 0.50% | Reduce |
| 38 | NDAQ | NASDAQ INC | 3.84M | $191.34M | 0.50% | Add |
| 39 | PLTR | PALANTIR TECHNOLOGIES INC | 12.35M | $189.31M | 0.50% | Add |
| 40 | CSX | CSX CORP | 5.43M | $185.07M | 0.48% | Reduce |
| 41 | FCX | FREEPORT MCMORAN INC | 4.57M | $182.97M | 0.48% | Add |
| 42 | DOCU | DOCUSIGN INC | 3.48M | $177.81M | 0.47% | Add |
| 43 | CB | CHUBB LIMITED | 916.23K | $176.43M | 0.46% | Add |
| 44 | LNG | CHENIERE ENERGY INC | 1.15M | $175.68M | 0.46% | Reduce |
| 45 | CMG | CHIPOTLE MEXICAN GRILL INC | 81.07K | $173.41M | 0.45% | New |
| 46 | CME | CME GROUP INC | 919.86K | $170.44M | 0.45% | Reduce |
| 47 | C | CITIGROUP INC | 3.67M | $168.84M | 0.44% | Add |
| 48 | DUK | DUKE ENERGY CORP NEW | 1.86M | $167.09M | 0.44% | Add |
| 49 | MET | METLIFE INC | 2.94M | $166.23M | 0.44% | Add |
| 50 | ZS | ZSCALER INC | 1.12M | $164.15M | 0.43% | Add |