Two Sigma Investments Portfolio
Two Sigma Investments is managed by John Overdeck & David Siegel; 13F filer (CIK 0001179392).
Q3 2023 · 2772 positions · Total reported value $35.14B · Top-10 concentration 7.6%
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 Q3 2023 13F filing, Two Sigma Investments disclosed 2772 equity positions with a combined reported value of $35.14B. The filing implies a diversified portfolio: its ten largest positions account for 7.6% of reported value. HoldingsHub classifies the profile as Large / Diversified / High Turnover.
The largest disclosed positions as of Q3 2023 were AAL ($331.39M), QQQ ($276.94M), SPY ($274.78M). By sector, the heaviest allocations are Technology 18.5%, Consumer Discretionary 18.5%. Versus the prior quarter, allocation shifted toward Technology (+2.6pp), Financials (+1.4pp) and away from Utilities (-0.8pp), Consumer Discretionary (-2.4pp).
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 74% 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 | AAL | AMERICAN AIRLINES GROUP INC | 71.71M | $331.39M | 0.94% | Reduce |
| 2 | QQQ | INVESCO QQQ TR | 772.98K | $276.94M | 0.79% | Reduce |
| 3 | SPY | STATE STR SPDR S&P 500 ETF T | 642.79K | $274.78M | 0.78% | Reduce |
| 4 | PLTR | PALANTIR TECHNOLOGIES INC | 17.00M | $272.07M | 0.77% | Add |
| 5 | AMD | ADVANCED MICRO DEVICES INC | 2.56M | $263.37M | 0.75% | Add |
| 6 | NVDA | NVIDIA CORPORATION | 587.39K | $255.51M | 0.73% | Reduce |
| 7 | TSLA | TESLA INC | 1.02M | $254.07M | 0.72% | Add |
| 8 | NFLX | NETFLIX INC. | 665.05K | $251.12M | 0.71% | Add |
| 9 | V | VISA INC | 1.09M | $250.34M | 0.71% | Reduce |
| 10 | NKE | NIKE INC | 2.59M | $248.09M | 0.71% | Add |
| 11 | QCOM | QUALCOMM INC | 2.22M | $246.05M | 0.70% | Add |
| 12 | CCL | CARNIVAL CORPORATION | 17.86M | $245.06M | 0.70% | Add |
| 13 | GOOGL | ALPHABET INC | 1.86M | $243.84M | 0.69% | Add |
| 14 | F | FORD MOTOR COMPANY | 19.02M | $236.24M | 0.67% | Add |
| 15 | BMY | BRISTOL-MYERS SQUIBB CO | 4.06M | $235.77M | 0.67% | Add |
| 16 | ELV | ELEVANCE HEALTH INC FORMERLY | 537.36K | $233.98M | 0.67% | Reduce |
| 17 | MSFT | MICROSOFT CORP | 740.26K | $233.74M | 0.67% | Add |
| 18 | LLY | ELI LILLY & CO | 432.73K | $232.43M | 0.66% | New |
| 19 | CVS | CVS HEALTH CORP | 3.33M | $232.40M | 0.66% | Reduce |
| 20 | PFE | PFIZER INC | 7.00M | $232.07M | 0.66% | Add |
| 21 | PG | PROCTER & GAMBLE CO | 1.58M | $230.68M | 0.66% | Add |
| 22 | SBUX | STARBUCKS CORP | 2.49M | $227.37M | 0.65% | Add |
| 23 | NEE | NEXTERA ENERGY INC | 3.90M | $223.56M | 0.64% | Reduce |
| 24 | KO | COCA COLA CO | 3.97M | $222.30M | 0.63% | Add |
| 25 | LMT | LOCKHEED MARTIN CORP | 541.47K | $221.44M | 0.63% | Add |
| 26 | AAPL | APPLE INC | 1.27M | $217.93M | 0.62% | Add |
| 27 | PEP | PEPSICO INC | 1.26M | $213.68M | 0.61% | Add |
| 28 | RIVN | RIVIAN AUTOMOTIVE INC | 8.60M | $208.91M | 0.59% | Add |
| 29 | ZM | ZOOM COMMUNICATIONS INC | 2.92M | $203.89M | 0.58% | Reduce |
| 30 | META | META PLATFORMS INC. CLASS A | 656.22K | $197.00M | 0.56% | Add |
| 31 | VRT | VERTIV HOLDINGS CO | 5.21M | $193.63M | 0.55% | Add |
| 32 | XLP | SELECT SECTOR SPDR TR | 2.80M | $192.76M | 0.55% | Add |
| 33 | AMGN | AMGEN INC | 715.99K | $192.43M | 0.55% | Reduce |
| 34 | XLU | SELECT SECTOR SPDR TR | 3.25M | $191.38M | 0.55% | Add |
| 35 | PYPL | PAYPAL HLDGS INC | 3.23M | $188.96M | 0.54% | Reduce |
| 36 | LI | LI AUTO INC | 5.26M | $187.41M | 0.53% | Add |
| 37 | GILD | GILEAD SCIENCES INC | 2.46M | $184.18M | 0.52% | Add |
| 38 | ISRG | INTUITIVE SURGICAL INC | 625.59K | $182.85M | 0.52% | Add |
| 39 | T | AT&T INC | 12.15M | $182.56M | 0.52% | Add |
| 40 | GM | GENERAL MTRS CO | 5.41M | $178.24M | 0.51% | Add |
| 41 | DASH | DOORDASH INC | 2.20M | $174.72M | 0.50% | Reduce |
| 42 | MU | MICRON TECHNOLOGY INC | 2.56M | $174.18M | 0.50% | Add |
| 43 | EL | LAUDER ESTEE COS INC | 1.17M | $168.97M | 0.48% | New |
| 44 | DUK | DUKE ENERGY CORP NEW | 1.91M | $168.57M | 0.48% | Add |
| 45 | NDAQ | NASDAQ INC | 3.46M | $168.20M | 0.48% | Reduce |
| 46 | MET | METLIFE INC | 2.66M | $167.23M | 0.48% | Reduce |
| 47 | SMH | VANECK ETF TRUST | 1.14M | $165.09M | 0.47% | Add |
| 48 | CSX | CSX CORP | 5.28M | $162.34M | 0.46% | Reduce |
| 49 | PM | PHILIP MORRIS INTL INC | 1.75M | $162.33M | 0.46% | Add |
| 50 | HPE | HEWLETT PACKARD ENTERPRISE CO. | 9.33M | $162.15M | 0.46% | Add |