13F filer · CIK 1179392 ↗
Two Sigma
You are looking at Q3 2019. See the latest, Q2 2026 →
Reported value
$29.72B
−0.6% on the quarter before
Positions
3,391
776 new · 656 sold out
Top 10
6.9%
of the value
Est. gain
−$140.5M
on stocks held all quarter
Est. return
−0.9%
on those stocks since Q2 2019
Positions as of Sep 30, 2019, 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 2019. Striped tiles are options.
Largest buys
Since Q2 2019, 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.
- Chevron Corp New~$149.5MAdded · 0.1% → 0.6%+1,260,872 shares
- Visa Inc.~$146.3MAdded · 0.1% → 0.6%+850,609 shares
- Select Sector SPDR Tr~$146.0MAdded · 0.0% → 0.5%+1,619,505 shares
- Lowes Cos Inc~$144.4MAdded · 0.1% → 0.6%+1,313,266 shares
- Automatic Data Processing~$144.2MAdded · 0.0% → 0.5%+893,532 shares
- PayPal~$140.1MAdded · 0.1% → 0.6%+1,352,004 shares
- Merck & Co Inc~$116.3MAdded · 0.0% → 0.4%+1,381,766 shares
- Kohls Corp~$108.9MNew · 0.0% → 0.4%+2,193,475 shares
- Mastercard~$104.9MAdded · 0.1% → 0.4%+386,293 shares
- Unitedhealth Group Inc~$103.9MAdded · 0.0% → 0.4%+478,067 shares
Largest sells
Since Q2 2019, 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.
- Dollar Tree Inc~$171.3MCut · 0.6% → 0.0%−1,500,613 shares
- Wayfair Inc~$131.0MSold out · 0.4% → 0.0%−897,058 shares
- Activision Blizzard Inc~$129.2MSold out · 0.4% → 0.0%−2,738,021 shares
- Worldpay Inc~$123.3MSold out · 0.4% → 0.0%−1,006,284 shares
- Edison Intl~$120.9MCut · 0.4% → 0.0%−1,602,624 shares
- Yum Brands Inc~$115.1MCut · 0.6% → 0.3%−1,015,105 shares
- Amgen Inc~$114.9MCut · 0.4% → 0.1%−593,662 shares
- Fidelity Natl Information Sv~$110.7MCut · 0.5% → 0.2%−834,158 shares
- Royal Caribbean Cruises Ltd~$101.6MCut · 0.6% → 0.2%−937,512 shares
- Gilead Sciences Inc~$98.9MCut · 0.6% → 0.2%−1,560,212 shares
Holdings
As of Sep 30, 2019. Changes are in shares against Jun 30, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPDR S&P 500 ETF TrTR UNIT · shares +32% · price +1.3% | 0.80% | $238.1M | +$2.3M | ||||||||
| Select Sector SPDR TrSBI CONS DISCR · shares −2.3% · price +1.3% | 0.71% | $211.8M | +$2.6M | ||||||||
| Home Depot IncCOM · shares +18% · price +11.6% | 0.70% | $207.8M | +$18.3M | ||||||||
| Invesco Qqq TrUNIT SER 1 · shares +70% · price +1.1% | 0.69% | $206.4M | +$1.3M | ||||||||
| Mcdonalds CorpCOM · shares −13% · price +3.4% | 0.69% | $205.6M | +$6.8M | ||||||||
| AmazonCOM · shares +5.4% · price −8.3% | 0.69% | $203.7M | −$17.6M | ||||||||
| Johnson & JohnsonCOM · shares +20% · price −7.1% | 0.67% | $199.4M | −$12.7M | ||||||||
| Starbucks CorpCOM · shares −16% · price +5.5% | 0.66% | $195.0M | +$10.1M | ||||||||
| Visa Inc.COM CL A · shares +359% · price −0.9% | 0.63% | $187.1M | −$365,475 | ||||||||
| Ebay IncCOM · shares −11% · price −1.3% | 0.63% | $187.0M | −$2.5M | ||||||||
| Restaurant Brands Intl IncCOM · shares +68% · price +2.3% | 0.62% | $185.0M | +$2.5M | ||||||||
| Abbvie IncCOM · shares +24% · price +4.1% | 0.61% | $179.9M | +$5.7M | ||||||||
| AutodeskCOM · shares +12% · price −9.3% | 0.60% | $177.3M | −$16.3M | ||||||||
| Chevron Corp NewCOM · shares +572% · price −4.7% | 0.59% | $175.7M | −$1.3M | ||||||||
| Altria Group IncCOM · shares +88% · price −13.6% | 0.59% | $175.3M | −$14.7M | ||||||||
| QualcommCOM · shares +15% · price +0.3% | 0.58% | $173.5M | +$413,895 | ||||||||
| Lowes Cos IncCOM · shares +527% · price +9.0% | 0.58% | $171.8M | +$2.3M | ||||||||
| PayPalCOM · shares +460% · price −9.5% | 0.57% | $170.5M | −$3.2M | ||||||||
| Costco Whsl Corp NewCOM · shares −13% · price +9.0% | 0.56% | $165.9M | +$13.7M | ||||||||
| SPDR Dow Jones Indl Avrg ETFUT SER 1 · shares +17% · price +1.3% | 0.53% | $158.9M | +$1.7M | ||||||||
| AmazonPUTCOM · shares +158% | 0.53% | $156.2M | — | ||||||||
| CiscoCOM · shares +43% · price −9.7% | 0.52% | $155.1M | −$11.7M | ||||||||
| Union Pacific CorpCOM · shares −3.8% · price −4.2% | 0.52% | $153.2M | −$6.7M | ||||||||
| Lam ResearchCOM · shares +162% · price +23.0% | 0.51% | $152.1M | +$10.9M | ||||||||
| Select Sector SPDR TrSBI HEALTHCARE · shares +2,983% · price −2.7% | 0.51% | $150.9M | −$136,673 | ||||||||
| Total · 3,391 positions | 100% | $29.72B | −$140.5M |
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 2019 to Q3 2019: 1,498 stocks held throughout, down $140.5M (−0.9%).
- Home Depot Inc+$18.3M+12%
- Uniqure Nv53:1 split+$16.3M+2,569%
- Dollar Gen Corp New+$14.6M+18%
- Teradyne+$13.7M+21%
- Costco Whsl Corp New+$13.7M+9%
- Altria Group Inc−$14.7M−14%
- Autodesk−$16.3M−9%
- Amazon−$17.6M−8%
- Rio Tinto Plc−$19.2M−16%
- Pg&E Corp−$56.4M−56%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 13 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 ↗ |