13F filer · CIK 1179392 ↗
Two Sigma
You are looking at Q1 2020. See the latest, Q2 2026 →
Reported value
$12.28B
−63% on the quarter before
Positions
2,994
603 new · 1,204 sold out
Top 10
11.2%
of the value
Est. gain
−$2.37B
on stocks held all quarter
Est. return
−25.2%
on those stocks since Q4 2019
Positions as of Mar 31, 2020, 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, 21% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2019. Striped tiles are options.
Largest buys
Since Q4 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.
- Ishares Tr~$148.2MNew · 0.0% → 1.2%+1,200,000 shares
- Target Corp~$89.0MAdded · 0.1% → 0.9%+956,905 shares
- Altria Group Inc~$64.8MAdded · 0.1% → 0.7%+1,674,826 shares
- Coca Cola Co~$57.6MAdded · 0.2% → 0.9%+1,301,963 shares
- Procter & Gamble Co~$57.4MNew · 0.0% → 0.5%+522,225 shares
- Texas Instruments~$48.1MNew · 0.0% → 0.4%+480,896 shares
- Union Pac Corp~$41.6MAdded · 0.1% → 0.5%+295,127 shares
- Dollar Tree Inc~$37.1MNew · 0.0% → 0.3%+504,915 shares
- ServiceNow~$37.1MNew · 0.0% → 0.3%+129,397 shares
- Berkshire Hathaway Inc Del~$36.2MNew · 0.0% → 0.3%+198,228 shares
Largest sells
Since Q4 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.
- Ebay Inc~$201.2MCut · 0.8% → 0.1%−6,691,962 shares
- Johnson & Johnson~$193.4MSold out · 0.6% → 0.0%−1,325,576 shares
- Mcdonalds Corp~$179.7MCut · 0.7% → 0.0%−1,086,661 shares
- United Technologies Corp~$174.8MSold out · 0.5% → 0.0%−1,167,132 shares
- Cisco~$170.4MCut · 0.7% → 0.2%−4,334,100 shares
- Autodesk~$166.7MCut · 0.7% → 0.2%−1,068,190 shares
- Hp Inc~$165.0MCut · 0.6% → 0.0%−9,503,321 shares
- Boeing Co~$161.0MSold out · 0.5% → 0.0%−494,339 shares
- Intel~$152.2MCut · 0.6% → 0.1%−2,813,016 shares
- SPDR S&P 500 ETF TrPUT~$138.3MCut · 0.8% → 0.6%−536,400 underlying
Holdings
As of Mar 31, 2020. Changes are in shares against Dec 31, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AmazonCOM · shares −29% · price +5.5% | 1.5% | $179.8M | +$9.4M | ||||||||
| Home Depot IncCOM · shares −26% · price −14.5% | 1.2% | $150.3M | −$25.5M | ||||||||
| Ishares TrIBOXX INV CP ETF · shares New | 1.2% | $148.2M | — | ||||||||
| Merck & Co. IncCOM · shares −39% · price −15.4% | 1.1% | $138.7M | −$25.3M | ||||||||
| Visa Inc.COM CL A · shares −43% · price −14.3% | 1.1% | $132.9M | −$22.1M | ||||||||
| Dollar Gen Corp NewCOM · shares −36% · price −3.2% | 1.1% | $132.2M | −$4.4M | ||||||||
| TeslaCOM · shares +37% · price +25.3% | 1.1% | $129.1M | +$19.0M | ||||||||
| Pfizer IncCOM · shares −43% · price −16.7% | 1.0% | $128.9M | −$25.8M | ||||||||
| Charter Communications Inc NCL A · shares −32% · price −10.1% | 1.0% | $124.7M | −$13.9M | ||||||||
| Coca Cola CoCOM · shares +103% · price −20.1% | 0.93% | $113.7M | −$14.1M | ||||||||
| Vertex Pharmaceuticals IncCOM · shares −41% · price +8.7% | 0.90% | $110.7M | +$8.8M | ||||||||
| Target CorpCOM · shares +520% · price −27.5% | 0.86% | $106.1M | −$6.5M | ||||||||
| Starbucks CorpCOM · shares −23% · price −25.2% | 0.85% | $104.8M | −$35.4M | ||||||||
| Costco Whsl Corp NewCOM · shares −55% · price −3.0% | 0.82% | $100.1M | −$3.1M | ||||||||
| Abbvie IncCOM · shares +20% · price −13.9% | 0.77% | $94.3M | −$12.8M | ||||||||
| Altria Group IncCOM · shares +238% · price −22.5% | 0.75% | $91.9M | −$7.9M | ||||||||
| Verizon Communications IncCOM · shares +53% · price −12.5% | 0.68% | $83.3M | −$7.8M | ||||||||
| SPDR S&P 500 ETF TrTR UNIT · shares +80% · price −19.9% | 0.66% | $81.5M | −$11.3M | ||||||||
| AmazonPUTCOM · shares −53% | 0.65% | $79.7M | — | ||||||||
| PSEGCOM · shares −36% · price −23.9% | 0.61% | $75.0M | −$23.6M | ||||||||
| Duke EnergyCOM NEW · shares −32% · price −11.3% | 0.59% | $72.4M | −$9.2M | ||||||||
| SPDR S&P 500 ETF TrPUTTR UNIT · shares −66% | 0.59% | $72.1M | — | ||||||||
| Eli LillyCOM · shares +8.5% · price +5.5% | 0.56% | $69.0M | +$3.3M | ||||||||
| Waste Mgmt Inc DelCOM · shares −20% · price −18.8% | 0.55% | $67.8M | −$15.7M | ||||||||
| Union Pac CorpCOM · shares +178% · price −22.0% | 0.53% | $65.0M | −$6.6M | ||||||||
| Total · 2,994 positions | 100% | $12.28B | −$2.37B |
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 Q4 2019 to Q1 2020: 1,410 stocks held throughout, down $2.37B (−25.2%).
- Tesla+$19.0M+25%
- Wells Fargo Co New37:1 split+$16.0M+1,874%
- Sage Therapeutics Inc42:1 split+$12.8M+1,571%
- Us Bancorp Del24:1 split+$11.8M+1,295%
- Parsley Energy Inc42:1 split+$11.5M+1,173%
- Mgm Resorts International−$38.4M−65%
- Macys Inc−$49.9M−71%
- Kohls Corp−$51.2M−71%
- Alcoa Corp−$55.4M−71%
- Simon Ppty Group Inc New−$56.4M−63%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 63 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 ↗ |