Two Sigma Investments Portfolio
Two Sigma Investments is managed by John Overdeck & David Siegel; 13F filer (CIK 0001179392).
Q4 2023 · 2935 positions · Total reported value $41.29B · Top-10 concentration 10.4%
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 Q4 2023 13F filing, Two Sigma Investments disclosed 2935 equity positions with a combined reported value of $41.29B. The filing implies a diversified portfolio: its ten largest positions account for 10.4% of reported value. HoldingsHub classifies the profile as Large / Diversified / High Turnover.
The largest disclosed positions as of Q4 2023 were SPY ($1.35B), QQQ ($562.98M), RIVN ($351.20M). By sector, the heaviest allocations are Technology 21.2%, Consumer Discretionary 17.5%. Versus the prior quarter, allocation shifted toward Energy (+3.7pp), Other (+3.3pp) and away from Consumer Discretionary (-1.0pp), Health Care (-2.2pp).
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 | SPY | STATE STR SPDR S&P 500 ETF T | 2.83M | $1.35B | 3.26% | Add |
| 2 | QQQ | INVESCO QQQ TR | 1.37M | $562.98M | 1.36% | Add |
| 3 | RIVN | RIVIAN AUTOMOTIVE INC | 14.97M | $351.20M | 0.85% | Add |
| 4 | CCL | CARNIVAL CORPORATION | 18.69M | $346.60M | 0.84% | Add |
| 5 | AAL | AMERICAN AIRLINES GROUP INC | 60.03M | $300.59M | 0.73% | Reduce |
| 6 | MSFT | MICROSOFT CORP | 742.50K | $279.21M | 0.68% | Hold |
| 7 | NVDA | NVIDIA CORPORATION | 556.72K | $275.70M | 0.67% | Reduce |
| 8 | MU | MICRON TECHNOLOGY INC | 3.22M | $274.82M | 0.67% | Add |
| 9 | NFLX | NETFLIX INC. | 554.96K | $270.20M | 0.65% | Reduce |
| 10 | AAPL | APPLE INC | 1.38M | $265.93M | 0.64% | Add |
| 11 | V | VISA INC | 1.02M | $265.81M | 0.64% | Reduce |
| 12 | PYPL | PAYPAL HLDGS INC | 4.31M | $264.49M | 0.64% | Add |
| 13 | PINS | PINTEREST INC | 7.09M | $262.69M | 0.64% | Add |
| 14 | GOOGL | ALPHABET INC | 1.82M | $254.88M | 0.62% | Reduce |
| 15 | BMY | BRISTOL-MYERS SQUIBB CO | 4.90M | $251.30M | 0.61% | Add |
| 16 | META | META PLATFORMS INC. CLASS A | 709.69K | $251.20M | 0.61% | Add |
| 17 | AMZN | AMAZON COM INC | 1.62M | $246.50M | 0.60% | Add |
| 18 | GM | GENERAL MTRS CO | 6.79M | $243.97M | 0.59% | Add |
| 19 | MRK | MERCK & CO INC | 2.23M | $242.84M | 0.59% | Add |
| 20 | SNOW | SNOWFLAKE INC | 1.22M | $241.84M | 0.59% | Add |
| 21 | XYZ | BLOCK INC | 3.09M | $239.39M | 0.58% | Add |
| 22 | UNH | UNITEDHEALTH GROUP INCORPORATED | 441.36K | $232.36M | 0.56% | Add |
| 23 | MA | MASTERCARD INCORPORATED | 544.63K | $232.29M | 0.56% | Add |
| 24 | COST | COSTCO WHOLESALE CORPORATION | 347.67K | $229.49M | 0.56% | Add |
| 25 | LMT | LOCKHEED MARTIN CORP | 506.34K | $229.49M | 0.56% | Reduce |
| 26 | NCLH | NORWEGIAN CRUISE LINE HLDGS | 11.21M | $224.57M | 0.54% | Add |
| 27 | RCL | ROYAL CARIBBEAN GROUP | 1.73M | $223.69M | 0.54% | Add |
| 28 | GIS | GENERAL MILLS INC | 3.40M | $221.36M | 0.54% | Add |
| 29 | AFRM | AFFIRM HLDGS INC | 4.50M | $221.05M | 0.54% | Add |
| 30 | U | UNITY SOFTWARE INC | 5.29M | $216.48M | 0.52% | Add |
| 31 | HSY | HERSHEY CO | 1.13M | $210.86M | 0.51% | Add |
| 32 | AMD | ADVANCED MICRO DEVICES INC | 1.41M | $208.38M | 0.51% | Reduce |
| 33 | HUM | HUMANA INC | 450.94K | $206.44M | 0.50% | Add |
| 34 | IVV | ISHARES TR | 427.80K | $204.33M | 0.49% | Add |
| 35 | XLK | SELECT SECTOR SPDR TR | 1.06M | $203.11M | 0.49% | Add |
| 36 | ZM | ZOOM COMMUNICATIONS INC | 2.81M | $202.25M | 0.49% | Reduce |
| 37 | PATH | UIPATH INC | 8.07M | $200.34M | 0.48% | Reduce |
| 38 | FTNT | FORTINET INC | 3.39M | $198.57M | 0.48% | Add |
| 39 | DASH | DOORDASH INC | 1.99M | $196.71M | 0.48% | Reduce |
| 40 | IWM | ISHARES TR | 968.04K | $194.29M | 0.47% | Add |
| 41 | IWF | ISHARES TR | 627.00K | $190.09M | 0.46% | Add |
| 42 | KR | KROGER CO | 4.09M | $186.90M | 0.45% | Add |
| 43 | BDX | BECTON DICKINSON & CO | 732.25K | $178.55M | 0.43% | New |
| 44 | HPE | HEWLETT PACKARD ENTERPRISE CO. | 10.48M | $178.01M | 0.43% | Add |
| 45 | SOFI | SOFI TECHNOLOGIES INC | 17.86M | $177.75M | 0.43% | Reduce |
| 46 | SLB | SLB LIMITED | 3.38M | $175.75M | 0.43% | Add |
| 47 | NET | CLOUDFLARE INC | 2.11M | $175.57M | 0.42% | Add |
| 48 | NEE | NEXTERA ENERGY INC | 2.88M | $174.79M | 0.42% | Reduce |
| 49 | RBLX | ROBLOX CORP | 3.81M | $174.02M | 0.42% | Add |
| 50 | DOCU | DOCUSIGN INC | 2.86M | $170.04M | 0.41% | Add |