13F filer · CIK 1179392 ↗
Two Sigma
You are looking at Q4 2017. See the latest, Q2 2026 →
Reported value
$30.72B
+8.9% on the quarter before
Positions
3,038
1,039 new · 682 sold out
Top 10
6.3%
of the value
Est. gain
+$704.3M
on stocks held all quarter
Est. return
+4.9%
on those stocks since Q3 2017
Positions as of Dec 31, 2017, 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, 13% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2017. Striped tiles are options.
Largest buys
Since Q3 2017, 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.
- Marriott Intl Inc New~$185.3MNew · 0.0% → 0.6%+1,364,979 shares
- Pg&E Corp~$166.4MAdded · 0.0% → 0.6%+3,712,223 shares
- Schlumberger Ltd~$160.1MNew · 0.0% → 0.5%+2,374,981 shares
- Qualcomm~$151.3MAdded · 0.0% → 0.5%+2,363,788 shares
- IBM~$139.2MAdded · 0.0% → 0.5%+906,989 shares
- Ishares Tr~$138.2MNew · 0.0% → 0.5%+1,706,361 shares
- SPDR S&P 500 ETF Tr~$138.2MAdded · 0.6% → 1.0%+517,891 shares
- Regeneron Pharmaceuticals~$129.2MNew · 0.0% → 0.4%+343,772 shares
- Western Digital~$125.4MAdded · 0.0% → 0.4%+1,577,313 shares
- Ford Mtr Co Del~$116.5MNew · 0.0% → 0.4%+9,329,116 shares
Largest sells
Since Q3 2017, 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.
- Caterpillar Inc Del~$217.2MCut · 0.6% → 0.0%−1,378,094 shares
- Boeing Co~$199.0MCut · 0.6% → 0.0%−674,863 shares
- Target Corp~$186.9MCut · 0.6% → 0.0%−2,862,687 shares
- Kroger Co~$174.7MSold out · 0.6% → 0.0%−8,710,226 shares
- Union Pac Corp~$159.7MSold out · 0.6% → 0.0%−1,377,315 shares
- Honeywell Technologies~$159.4MCut · 0.5% → 0.0%−1,041,736 shares
- Cisco~$159.2MCut · 0.5% → 0.0%−4,156,542 shares
- Dowdupont Inc~$155.0MSold out · 0.5% → 0.0%−2,238,466 shares
- Altria Group Inc~$148.2MCut · 0.5% → 0.0%−2,075,690 shares
- Citigroup Inc~$147.4MCut · 0.5% → 0.0%−1,981,391 shares
Holdings
As of Dec 31, 2017. Changes are in shares against Sep 30, 2017, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPDR S&P 500 ETF TrTR UNIT · shares +80% · price +6.2% | 1.0% | $311.2M | +$10.1M | ||||||||
| Home Depot IncCOM · shares −12% · price +15.9% | 0.67% | $205.7M | +$28.2M | ||||||||
| Mcdonalds CorpCOM · shares −13% · price +9.9% | 0.62% | $191.9M | +$17.2M | ||||||||
| Lowes Cos IncCOM · shares −21% · price +16.3% | 0.60% | $185.7M | +$26.0M | ||||||||
| Marriott Intl Inc NewCL A · shares New | 0.60% | $185.3M | — | ||||||||
| Pfizer IncCOM · shares +39% · price +1.5% | 0.57% | $175.3M | +$1.8M | ||||||||
| Pg&E CorpCOM · shares +2,046% · price −34.2% | 0.57% | $174.6M | −$4.2M | ||||||||
| General Electric CoCOM · shares +199% · price −27.8% | 0.56% | $170.7M | −$22.0M | ||||||||
| Halliburton CoCOM · shares +25% · price +6.2% | 0.55% | $167.7M | +$7.8M | ||||||||
| Select Sector SPDR TrSBI CONS DISCR · shares +20% · price +9.6% | 0.54% | $164.7M | +$12.0M | ||||||||
| Us Bancorp DelCOM NEW · shares +9.4% · price −0.0% | 0.53% | $164.1M | −$27,418 | ||||||||
| QualcommCOM · shares +1,447% · price +23.5% | 0.53% | $161.8M | +$2.0M | ||||||||
| NetflixCOM · shares +8.2% · price +5.9% | 0.53% | $161.5M | +$8.2M | ||||||||
| Schlumberger LtdCOM · shares New | 0.52% | $160.1M | — | ||||||||
| Becton Dickinson & CoCOM · shares +279% · price +9.2% | 0.51% | $156.8M | +$3.5M | ||||||||
| Select Sector SPDR TrSBI CONS STPLS · shares −5.3% · price +5.4% | 0.50% | $154.1M | +$7.9M | ||||||||
| Select Sector SPDR TrSBI INT-UTILS · shares +0.7% · price −0.7% | 0.50% | $152.3M | −$1.1M | ||||||||
| SPDR Dow Jones Indl Avrg ETFUT SER 1 · shares −18% · price +10.5% | 0.50% | $152.1M | +$14.5M | ||||||||
| Select Sector SPDR TrSBI HEALTHCARE · shares −0.02% · price +1.2% | 0.49% | $150.3M | +$1.7M | ||||||||
| Chevron Corp NewCOM · shares +10% · price +6.5% | 0.48% | $146.0M | +$8.1M | ||||||||
| IBMCOM · shares +3,060% · price +5.7% | 0.47% | $143.7M | +$246,826 | ||||||||
| Sba Communications Corp NewCL A · shares +118% · price +13.4% | 0.46% | $141.4M | +$7.7M | ||||||||
| Baxter Intl IncCOM · shares −1.1% · price +3.0% | 0.46% | $140.4M | +$4.1M | ||||||||
| Palo Alto NetworksCOM · shares −6.5% · price +0.6% | 0.45% | $139.5M | +$808,929 | ||||||||
| Ishares TrU.S. REAL ES ETF · shares New | 0.45% | $138.2M | — | ||||||||
| Total · 3,038 positions | 100% | $30.72B | +$704.3M |
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 Q3 2017 to Q4 2017: 1,463 stocks held throughout, up $704.3M (+4.9%).
- Home Depot Inc+$28.2M+16%
- Ishares Tr21:1 split+$26.1M+572%
- Lowes Cos Inc+$26.0M+16%
- Seagate Technology Plc+$21.8M+26%
- Mcdonalds Corp+$17.2M+10%
- Glaxosmithkline Plc−$9.9M−13%
- Merck & Co Inc−$11.5M−12%
- General Electric Co−$22.0M−28%
- Celgene Corp−$25.4M−28%
- Intuitive Surgical−$53.7M−65%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 8 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 ↗ |