13F filer · CIK 1179392 ↗
Two Sigma
You are looking at Q3 2016. See the latest, Q2 2026 →
Reported value
$27.59B
+18% on the quarter before
Positions
3,049
782 new · 593 sold out
Top 10
7.0%
of the value
Est. gain
+$665.8M
on stocks held all quarter
Est. return
+5.0%
on those stocks since Q2 2016
Positions as of Sep 30, 2016, from Two Sigma's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 15% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2016. Striped tiles are options.
Largest buys
Since Q2 2016, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Wal-Mart Stores Inc~$167.4MAdded · 0.1% → 0.7%+2,320,702 shares
- Verizon Communications Inc~$162.2MAdded · 0.1% → 0.6%+3,121,124 shares
- Starbucks Corp~$156.7MNew · 0.0% → 0.6%+2,893,453 shares
- Gilead Sciences Inc~$149.9MAdded · 0.0% → 0.6%+1,894,500 shares
- Tjx Cos Inc New~$149.4MNew · 0.0% → 0.5%+1,997,403 shares
- Oracle~$127.3MAdded · 0.1% → 0.6%+3,240,935 shares
- Priceline Grp Inc~$125.5MAdded · 0.0% → 0.5%+85,319 shares
- Celgene Corp~$119.6MAdded · 0.2% → 0.6%+1,143,805 shares
- Honeywell Technologies~$115.4MNew · 0.0% → 0.4%+989,725 shares
- Lockheed Martin Corp~$115.0MAdded · 0.2% → 0.6%+479,681 shares
Largest sells
Since Q2 2016, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Meta~$175.8MCut · 0.7% → 0.1%−1,370,257 shares
- E M C Corp Mass~$165.0MSold out · 0.7% → 0.0%−6,073,549 shares
- Starwood Hotels&Resorts Wrld~$152.2MSold out · 0.7% → 0.0%−2,058,092 shares
- Johnson Ctls Inc~$144.4MSold out · 0.6% → 0.0%−3,261,960 shares
- Electronic Arts Inc~$136.6MCut · 0.6% → 0.0%−1,599,616 shares
- Charter Communications Inc N~$132.9MCut · 0.5% → 0.0%−492,147 shares
- PayPal~$108.2MCut · 0.4% → 0.0%−2,641,186 shares
- Regeneron Pharmaceuticals~$103.5MCut · 0.4% → 0.0%−257,388 shares
- Amgen Inc~$94.2MCut · 0.4% → 0.0%−564,872 shares
- Qualcomm~$87.6MCut · 0.6% → 0.3%−1,278,391 shares
Holdings
As of Sep 30, 2016. Changes are in shares against Jun 30, 2016, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPDR S&P 500 ETF TrPUTTR UNIT · shares +33% | 0.78% | $216.1M | — | ||||||||
| Marriott Intl Inc NewCL A · shares +75% · price +1.3% | 0.74% | $204.0M | +$1.5M | ||||||||
| AmazonCOM · shares +0.4% · price +17.0% | 0.71% | $197.0M | +$28.5M | ||||||||
| Dow Chem CoCOM · shares +8.3% · price +4.3% | 0.71% | $195.4M | +$7.4M | ||||||||
| Du Pont E I De Nemours & CoCOM · shares −2.4% · price +3.3% | 0.69% | $191.5M | +$6.2M | ||||||||
| Home Depot IncCOM · shares +5.0% · price +0.8% | 0.68% | $188.0M | +$1.4M | ||||||||
| Wal-Mart Stores IncCOM · shares +846% · price −1.2% | 0.68% | $187.1M | −$247,230 | ||||||||
| Mcdonalds CorpCOM · shares +14% · price −4.1% | 0.66% | $181.4M | −$6.9M | ||||||||
| AlphabetCAP STK CL A · shares +4.1% · price +14.3% | 0.66% | $180.8M | +$21.7M | ||||||||
| Verizon Communications IncCOM · shares +1,010% · price −6.9% | 0.65% | $178.3M | −$1.2M | ||||||||
| Celgene CorpCOM · shares +208% · price +6.0% | 0.64% | $177.2M | +$3.3M | ||||||||
| Wells Fargo & Co NewCOM · shares +9.2% · price −6.4% | 0.64% | $176.8M | −$11.2M | ||||||||
| Abbvie IncCOM · shares +39% · price +1.9% | 0.63% | $173.0M | +$2.3M | ||||||||
| Lockheed Martin CorpCOM · shares +209% · price −3.4% | 0.62% | $170.0M | −$1.9M | ||||||||
| Nike IncCL B · shares +3.6% · price −4.6% | 0.61% | $168.7M | −$7.9M | ||||||||
| Expedia Inc DelCOM NEW · shares +109% · price +9.8% | 0.60% | $165.5M | +$7.1M | ||||||||
| Vmware IncCL A COM · shares +14% · price +28.2% | 0.59% | $163.6M | +$31.5M | ||||||||
| Lam ResearchCOM · shares +1.1% · price +12.7% | 0.59% | $163.4M | +$18.2M | ||||||||
| Applied MaterialsCOM · shares +7.1% · price +25.8% | 0.58% | $160.1M | +$30.6M | ||||||||
| OracleCOM · shares +393% · price −4.0% | 0.58% | $159.7M | −$1.4M | ||||||||
| Gilead Sciences IncCOM · shares +2,075% · price −5.2% | 0.57% | $157.1M | −$392,943 | ||||||||
| Starbucks CorpCOM · shares New | 0.57% | $156.7M | — | ||||||||
| Kroger CoCOM · shares +28% · price −19.3% | 0.57% | $156.0M | −$29.2M | ||||||||
| Hp IncCOM · shares +30% · price +23.7% | 0.55% | $151.4M | +$22.4M | ||||||||
| Cigna CorporationCOM · shares +9.6% · price +1.8% | 0.55% | $150.6M | +$2.5M | ||||||||
| Total · 3,049 positions | 100% | $27.59B | +$665.8M |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q2 2016 to Q3 2016: 1,541 stocks held throughout, up $665.8M (+5.0%).
- Vmware Inc+$31.5M+28%
- Applied Materials+$30.6M+26%
- Amazon+$28.5M+17%
- Hp Inc+$22.4M+24%
- Alphabet+$21.7M+14%
- Teva Pharmaceutical Inds Ltd−$9.1M−8%
- Jazz Pharmaceuticals Plc−$9.1M−14%
- Wells Fargo & Co New−$11.2M−6%
- Twenty First Centy Fox Inc−$11.2M−10%
- Kroger Co−$29.2M−19%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 2 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $138.12B+11% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $123.93B+75% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $70.90B+6% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $67.17B+19% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $56.47B+21% | SEC ↗ |
| Q1 2025 | May 15, 2025 | $46.79B+2% | SEC ↗ |
| Q4 2024 | Feb 14, 2025 | $45.85B+0% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $45.63B+4% | SEC ↗ |
| Q2 2024 | Aug 14, 2024 | $43.90B+3% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $42.61B−2% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 | $43.54B+17% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $37.17B−7% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $39.87B+14% | SEC ↗ |
| Q1 2023 | May 15, 2023 | $34.99B+10% | SEC ↗ |
| Q4 2022 | Feb 14, 2023 | $31.85B+8% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $29.43B−3% | SEC ↗ |
| Q2 2022 | Aug 15, 2022 | $30.30B−11% | SEC ↗ |
| Q1 2022 | May 16, 2022 | $33.88B−28% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 | $46.81B+5% | SEC ↗ |
| Q3 2021 | Nov 15, 2021 | $44.75B+1% | SEC ↗ |
| Q2 2021 | Aug 16, 2021 | $44.08B+15% | SEC ↗ |
| Q1 2021 | May 17, 2021 | $38.44B+10% | SEC ↗ |
| Q4 2020 | Feb 16, 2021 | $34.85B+24% | SEC ↗ |
| Q3 2020 | Nov 16, 2020 | $28.17B+40% | SEC ↗ |
| Q2 2020 | Aug 14, 2020 | $20.19B+64% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $12.28B−63% | SEC ↗ |
| Q4 2019 | Feb 14, 2020 | $33.24B+12% | SEC ↗ |
| Q3 2019 | Nov 14, 2019 | $29.72B−1% | SEC ↗ |
| Q2 2019 | Aug 14, 2019 | $29.90B−3% | SEC ↗ |
| Q1 2019 | May 15, 2019 | $30.85B+21% | SEC ↗ |
| Q4 2018 | Feb 14, 2019 | $25.54B−30% | SEC ↗ |
| Q3 2018 | Nov 14, 2018 | $36.69B+9% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 | $33.54B+12% | SEC ↗ |
| Q1 2018 | May 15, 2018 | $30.04B−2% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $30.72B+9% | SEC ↗ |
| Q3 2017 | Nov 14, 2017 | $28.21B+2% | SEC ↗ |
| Q2 2017 | Aug 14, 2017 | $27.64B−7% | SEC ↗ |
| Q1 2017 | May 15, 2017 | $29.70B+14% | SEC ↗ |
| Q4 2016 | Feb 14, 2017 | $26.08B−5% | SEC ↗ |
| Q3 2016 | Nov 14, 2016 | $27.59B+18% | SEC ↗ |
| Q2 2016 | Aug 15, 2016 | $23.29B+11% | SEC ↗ |
| Q1 2016 | May 16, 2016 | $20.99B | SEC ↗ |