13F filer · CIK 1179392 ↗
Two Sigma
You are looking at Q4 2018. See the latest, Q2 2026 →
Reported value
$25.54B
−30% on the quarter before
Positions
2,907
740 new · 953 sold out
Top 10
6.8%
of the value
Est. gain
−$2.57B
on stocks held all quarter
Est. return
−15.7%
on those stocks since Q3 2018
Positions as of Dec 31, 2018, 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 Q3 2018. Striped tiles are options.
Largest buys
Since Q3 2018, 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.
- Select Sector SPDR Tr~$177.0MAdded · 0.0% → 0.7%+3,086,678 shares
- Electronic Arts Inc~$176.2MAdded · 0.0% → 0.7%+2,233,355 shares
- Starbucks Corp~$175.7MNew · 0.0% → 0.7%+2,727,875 shares
- Baidu~$135.6MAdded · 0.0% → 0.5%+854,691 shares
- Mcdonalds Corp~$129.2MAdded · 0.1% → 0.6%+727,632 shares
- Emerson Electric~$119.5MAdded · 0.1% → 0.6%+1,999,514 shares
- Occidental Pete Corp Del~$119.4MAdded · 0.1% → 0.6%+1,945,654 shares
- Micron~$115.9MAdded · 0.0% → 0.5%+3,653,392 shares
- Autozone Inc~$105.8MNew · 0.0% → 0.4%+126,142 shares
- Rockwell Automation~$105.5MNew · 0.0% → 0.4%+700,871 shares
Largest sells
Since Q3 2018, 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.
- Procter And Gamble Co~$189.9MCut · 0.5% → 0.0%−2,065,891 shares
- Amazon~$180.4MSold out · 0.5% → 0.0%−90,080 shares
- Anthem Inc~$179.5MSold out · 0.5% → 0.0%−654,837 shares
- Walt Disney Company (The)~$172.4MSold out · 0.5% → 0.0%−1,474,331 shares
- Select Sector SPDR Tr~$168.6MSold out · 0.5% → 0.0%−1,438,108 shares
- Lululemon Athletica Inc~$165.0MSold out · 0.4% → 0.0%−1,015,610 shares
- SPDR S&P 500 ETF Tr~$153.9MCut · 0.6% → 0.2%−615,850 shares
- Twenty First Centy Fox Inc~$150.6MCut · 0.4% → 0.0%−3,129,244 shares
- Chipotle Mexican Grill Inc~$149.0MCut · 0.4% → 0.0%−345,129 shares
- Cigna Corporation~$145.5MSold out · 0.4% → 0.0%−698,895 shares
Holdings
As of Dec 31, 2018. Changes are in shares against Sep 30, 2018, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NetflixCOM · shares +54% · price −28.5% | 0.74% | $190.3M | −$49.1M | ||||||||
| Yum Brands IncCOM · shares +64% · price +1.1% | 0.72% | $184.6M | +$1.2M | ||||||||
| Schlumberger LtdCOM · shares +2.3% · price +551.5% | 0.72% | $184.6M | +$152.7M | ||||||||
| Select Sector SPDR TrENERGY · shares +4,614% · price −24.3% | 0.71% | $180.9M | −$1.2M | ||||||||
| Electronic Arts IncCOM · shares +9,357% · price −34.5% | 0.70% | $178.1M | −$992,581 | ||||||||
| Starbucks CorpCOM · shares New | 0.69% | $175.7M | — | ||||||||
| Boeing CoCOM · shares +7.3% · price −13.3% | 0.66% | $168.9M | −$24.1M | ||||||||
| Mcdonalds CorpCOM · shares +354% · price +6.1% | 0.65% | $165.7M | +$2.1M | ||||||||
| V F CorpCOM · shares +22% · price −23.7% | 0.63% | $161.7M | −$41.1M | ||||||||
| Valero Energy Corp NewCOM · shares +77% · price −34.1% | 0.61% | $154.8M | −$45.2M | ||||||||
| Occidental Pete Corp DelCOM · shares +349% · price −25.3% | 0.60% | $153.6M | −$11.6M | ||||||||
| Carnival CorpUNIT 99/99/9999 · shares +17% · price −22.7% | 0.60% | $152.8M | −$38.4M | ||||||||
| Select Sector SPDR TrSBI INT-UTILS · shares +9.3% · price +0.5% | 0.59% | $150.6M | +$703,221 | ||||||||
| Advance Auto Parts IncCOM · shares +157% · price −6.5% | 0.58% | $147.2M | −$4.0M | ||||||||
| Tjx Cos Inc NewCOM · shares +1.7% · price −20.1% | 0.57% | $146.5M | −$36.3M | ||||||||
| Emerson ElectricCOM · shares +477% · price −22.0% | 0.57% | $144.5M | −$7.1M | ||||||||
| Honeywell TechnologiesCOM · shares +18% · price −20.6% | 0.57% | $144.4M | −$31.6M | ||||||||
| Philip Morris Intl IncCOM · shares +109% · price −18.1% | 0.56% | $143.2M | −$15.2M | ||||||||
| O Reilly Automotive Inc NewCOM · shares −7.5% · price −0.9% | 0.55% | $141.1M | −$1.2M | ||||||||
| Te Connectivity LtdREG SHS · shares +94% · price −14.0% | 0.55% | $139.3M | −$11.7M | ||||||||
| BaiduSPON ADR REP A · shares +7,547% · price −30.7% | 0.54% | $137.3M | −$793,857 | ||||||||
| IntelCOM · shares −23% · price −0.8% | 0.53% | $136.4M | −$1.0M | ||||||||
| Lyondellbasell Industries NSHS - A - · shares +218% · price −18.9% | 0.53% | $134.7M | −$9.8M | ||||||||
| Ebay IncCOM · shares +331% · price −15.0% | 0.52% | $133.8M | −$5.5M | ||||||||
| Celgene CorpCOM · shares +5.3% · price −28.4% | 0.51% | $131.2M | −$49.4M | ||||||||
| Total · 2,907 positions | 100% | $25.54B | −$2.57B |
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 2018 to Q4 2018: 1,495 stocks held throughout, down $2.57B (−15.7%).
- Schlumberger Ltd11:1 split+$152.7M+551%
- Nvidia3:1 split+$33.6M+43%
- Delphi Technologies Plc12:1 split+$17.2M+448%
- Newfield Expl Co14:1 split+$15.5M+612%
- Encana Corp5:1 split+$15.2M+121%
- Carnival Corp−$38.4M−23%
- V F Corp−$41.1M−24%
- Valero Energy Corp New−$45.2M−34%
- Netflix−$49.1M−28%
- Celgene Corp−$49.4M−28%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 35 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 ↗ |