13F filer · CIK 1179392 ↗
Two Sigma
You are looking at Q2 2023. See the latest, Q2 2026 →
Reported value
$39.87B
+14% on the quarter before
Positions
2,967
548 new · 502 sold out
Top 10
7.6%
of the value
Est. gain
+$660.8M
on stocks held all quarter
Est. return
+3.1%
on those stocks since Q1 2023
Positions as of Jun 30, 2023, 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 Q1 2023. Striped tiles are options.
Largest buys
Since Q1 2023, 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.
- SPDR S&P 500 ETF Tr~$350.7MAdded · 0.3% → 1.2%+791,156 shares
- Invesco Qqq Tr~$339.2MAdded · 0.4% → 1.3%+918,278 shares
- Nvidia~$266.1MAdded · 0.1% → 0.7%+629,072 shares
- Invesco Qqq TrCALL~$249.9MNew · 0.0% → 0.6%+676,400 underlying
- Invesco Qqq TrPUT~$249.9MNew · 0.0% → 0.6%+676,400 underlying
- Nike Inc~$237.4MNew · 0.0% → 0.6%+2,150,643 shares
- Apple~$194.6MAdded · 0.0% → 0.5%+1,003,490 shares
- Unity Software Inc~$193.2MNew · 0.0% → 0.5%+4,448,777 shares
- Target Corp~$179.2MAdded · 0.1% → 0.5%+1,358,532 shares
- Chipotle Mexican Grill Inc~$173.4MNew · 0.0% → 0.4%+81,069 shares
Largest sells
Since Q1 2023, 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.
- Palo Alto Networks~$293.3MSold out · 0.8% → 0.0%−130,889,000 shares
- Netflix~$284.7MCut · 0.7% → 0.1%−646,285 shares
- Pg&E Corp~$221.2MCut · 0.7% → 0.1%−1,479,808 shares
- Amazon~$188.2MCut · 0.4% → 0.0%−1,443,520 shares
- Conocophillips~$186.3MCut · 0.7% → 0.1%−1,798,324 shares
- The Cigna Group~$171.3MCut · 0.5% → 0.0%−610,348 shares
- Danaher Corporation~$158.2MCut · 0.7% → 0.2%−659,206 shares
- Marvell Technology Inc~$156.3MCut · 0.3% → 0.0%−2,614,473 shares
- Pepsico Inc~$151.5MCut · 0.6% → 0.2%−817,917 shares
- Lululemon Athletica Inc~$150.5MCut · 0.4% → 0.0%−397,673 shares
Holdings
As of Jun 30, 2023. Changes are in shares against Mar 31, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco Qqq TrUNIT SER 1 · shares +204% · price +15.1% | 1.3% | $505.8M | +$21.9M | ||||||||
| SPDR S&P 500 ETF TrTR UNIT · shares +281% · price +8.3% | 1.2% | $475.6M | +$9.5M | ||||||||
| NvidiaCOM · shares +970% · price +52.3% | 0.74% | $293.5M | +$9.4M | ||||||||
| Ford Mtr Co DelCOM · shares −16% · price +20.1% | 0.67% | $268.8M | +$45.0M | ||||||||
| Visa Inc.COM CL A · shares −3.8% · price +5.3% | 0.66% | $261.5M | +$13.2M | ||||||||
| Invesco Qqq TrCALLUNIT SER 1 · shares New | 0.63% | $249.9M | — | ||||||||
| Invesco Qqq TrPUTUNIT SER 1 · shares New | 0.63% | $249.9M | — | ||||||||
| Abbvie IncCOM · shares +190% · price −15.5% | 0.62% | $247.5M | −$15.6M | ||||||||
| Elevance Health IncCOM · shares +13% · price −3.4% | 0.62% | $247.0M | −$7.6M | ||||||||
| Nextera Energy IncCOM · shares +53% · price −3.7% | 0.61% | $242.0M | −$6.1M | ||||||||
| PayPalCOM · shares +11% · price −12.1% | 0.61% | $241.5M | −$29.9M | ||||||||
| Nike IncCL B · shares New | 0.60% | $237.4M | — | ||||||||
| Carnival CorpPUBLIC STOCK · shares −21% · price +85.5% | 0.59% | $237.0M | +$109.2M | ||||||||
| Walmart IncCOM · shares −12% · price +6.6% | 0.59% | $233.9M | +$14.5M | ||||||||
| Cvs Health CorpCOM · shares +3.6% · price −7.0% | 0.58% | $232.3M | −$16.8M | ||||||||
| Lockheed Martin CorpCOM · shares +105% · price −2.6% | 0.56% | $223.7M | −$2.9M | ||||||||
| Honeywell TechnologiesCOM · shares −15% · price +8.6% | 0.55% | $221.1M | +$17.5M | ||||||||
| Coca Cola CoCOM · shares +25% · price −2.9% | 0.55% | $220.1M | −$5.3M | ||||||||
| Amgen IncCOM · shares +4.4% · price −8.2% | 0.55% | $219.1M | −$18.7M | ||||||||
| Thermo Fisher Scientific IncCOM · shares +73% · price −9.5% | 0.55% | $219.0M | −$13.2M | ||||||||
| Mcdonalds CorpCOM · shares −21% · price +6.7% | 0.54% | $214.2M | +$13.5M | ||||||||
| ZoomCL A · shares +0.1% · price −8.1% | 0.53% | $212.6M | −$18.6M | ||||||||
| Bristol-Myers Squibb CoCOM · shares +73% · price −7.7% | 0.51% | $204.5M | −$9.9M | ||||||||
| RobloxCL A · shares +9.9% · price −10.4% | 0.51% | $203.0M | −$21.4M | ||||||||
| Target CorpCOM · shares +793% · price −20.4% | 0.51% | $201.8M | −$5.8M | ||||||||
| Total · 2,967 positions | 100% | $39.87B | +$660.8M |
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 Q1 2023 to Q2 2023: 2,335 stocks held throughout, up $660.8M (+3.1%).
- Carnival Corp+$109.2M+86%
- Palantir+$51.5M+81%
- Ford Mtr Co Del+$45.0M+20%
- Wayfair Inc+$39.6M+89%
- Draftkings Inc New+$38.1M+37%
- Roblox−$21.4M−10%
- Peloton Interactive Inc−$23.9M−32%
- Sarepta Therapeutics Inc−$25.6M−17%
- PayPal−$29.9M−12%
- Etsy Inc−$38.3M−24%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 6 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 ↗ |