13F filer · CIK 1179392 ↗
Two Sigma
You are looking at Q3 2023. See the latest, Q2 2026 →
Reported value
$37.17B
−6.8% on the quarter before
Positions
2,928
443 new · 482 sold out
Top 10
7.0%
of the value
Est. gain
−$1.21B
on stocks held all quarter
Est. return
−5.3%
on those stocks since Q2 2023
Positions as of Sep 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, 16% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2023. Striped tiles are options.
Largest buys
Since Q2 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.
- AMD~$260.6MAdded · 0.0% → 0.7%+2,534,695 shares
- Eli Lilly~$232.4MNew · 0.0% → 0.6%+432,734 shares
- Microsoft~$231.6MAdded · 0.0% → 0.6%+733,563 shares
- Netflix~$226.4MAdded · 0.1% → 0.7%+599,664 shares
- Qualcomm~$225.7MAdded · 0.1% → 0.7%+2,032,511 shares
- Starbucks Corp~$215.7MAdded · 0.0% → 0.6%+2,362,971 shares
- Meta~$175.3MAdded · 0.1% → 0.5%+583,953 shares
- Lauder Estee Cos Inc~$169.0MNew · 0.0% → 0.5%+1,168,951 shares
- Intuitive Surgical~$165.9MAdded · 0.0% → 0.5%+567,653 shares
- Royal Caribbean Group~$162.1MNew · 0.0% → 0.4%+82,198,000 shares
Largest sells
Since Q2 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.
- Invesco Qqq TrCALL~$249.9MSold out · 0.6% → 0.0%−676,400 underlying
- Invesco Qqq TrPUT~$249.9MSold out · 0.6% → 0.0%−676,400 underlying
- Walmart Inc~$236.1MCut · 0.6% → 0.0%−1,476,293 shares
- Invesco Qqq Tr~$213.6MCut · 1.3% → 0.7%−596,261 shares
- SPDR S&P 500 ETF Tr~$183.9MCut · 1.2% → 0.7%−430,123 shares
- Mcdonalds Corp~$169.3MCut · 0.5% → 0.1%−642,541 shares
- Union Pac Corp~$162.8MCut · 0.5% → 0.1%−799,417 shares
- SPDR Dow Jones Indl Average~$146.6MCut · 0.4% → 0.0%−437,650 shares
- Verisk Analytics~$144.7MCut · 0.4% → 0.0%−612,534 shares
- Etsy Inc~$144.3MSold out · 0.4% → 0.0%−1,705,064 shares
Holdings
As of Sep 30, 2023. Changes are in shares against Jun 30, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco Qqq TrUNIT SER 1 · shares −44% · price −3.0% | 0.75% | $276.9M | −$8.6M | ||||||||
| SPDR S&P 500 ETF TrTR UNIT · shares −40% · price −3.6% | 0.74% | $274.8M | −$10.2M | ||||||||
| PalantirCL A · shares +38% · price +4.4% | 0.73% | $272.1M | +$8.3M | ||||||||
| AMDCOM · shares +9,458% · price −9.7% | 0.71% | $263.4M | −$297,212 | ||||||||
| NvidiaCOM · shares −15% · price +2.8% | 0.69% | $255.5M | +$7.0M | ||||||||
| TeslaCOM · shares +174% · price −4.4% | 0.68% | $254.1M | −$4.3M | ||||||||
| NetflixCOM · shares +917% · price −14.3% | 0.68% | $251.1M | −$4.1M | ||||||||
| Visa Inc.COM CL A · shares −1.2% · price −3.1% | 0.67% | $250.3M | −$8.1M | ||||||||
| Nike IncCL B · shares +21% · price −13.4% | 0.67% | $248.1M | −$31.7M | ||||||||
| QualcommCOM · shares +1,111% · price −6.7% | 0.66% | $246.0M | −$1.5M | ||||||||
| AlphabetCAP STK CL A · shares +179% · price +9.3% | 0.66% | $243.8M | +$7.5M | ||||||||
| Ford Mtr Co DelCOM · shares +7.0% · price −17.9% | 0.64% | $236.2M | −$48.2M | ||||||||
| Bristol-Myers Squibb CoCOM · shares +27% · price −9.2% | 0.63% | $235.8M | −$18.9M | ||||||||
| Elevance Health IncCOM · shares −3.3% · price −2.0% | 0.63% | $234.0M | −$4.8M | ||||||||
| MicrosoftCOM · shares +10,949% · price −7.3% | 0.63% | $233.7M | −$166,093 | ||||||||
| Eli LillyCOM · shares New | 0.63% | $232.4M | — | ||||||||
| Cvs Health CorpCOM · shares −0.9% · price +1.0% | 0.63% | $232.4M | +$2.3M | ||||||||
| Pfizer IncCOM · shares +66% · price −9.6% | 0.62% | $232.1M | −$14.8M | ||||||||
| Procter And Gamble CoCOM · shares +135% · price −3.9% | 0.62% | $230.7M | −$4.0M | ||||||||
| Starbucks CorpCOM · shares +1,843% · price −7.9% | 0.61% | $227.4M | −$998,834 | ||||||||
| Nextera Energy IncCOM · shares +20% · price −22.8% | 0.60% | $223.6M | −$55.1M | ||||||||
| Coca Cola CoCOM · shares +8.7% · price −7.0% | 0.60% | $222.3M | −$15.5M | ||||||||
| Lockheed Martin CorpCOM · shares +11% · price −11.2% | 0.60% | $221.4M | −$25.0M | ||||||||
| AppleCOM · shares +25% · price −11.7% | 0.59% | $217.9M | −$23.1M | ||||||||
| Pepsico IncCOM · shares +267% · price −8.5% | 0.57% | $213.7M | −$5.4M | ||||||||
| Total · 2,928 positions | 100% | $37.17B | −$1.21B |
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 2023 to Q3 2023: 2,390 stocks held throughout, down $1.21B (−5.3%).
- Carvana Co+$34.5M+62%
- Amgen Inc+$33.5M+21%
- Vertiv+$27.5M+50%
- Transocean Ltd+$17.4M+17%
- Metlife Inc+$17.0M+11%
- Johnson Ctls Intl Plc−$39.4M−22%
- Ford Mtr Co Del−$48.2M−18%
- Nextera Energy Inc−$55.1M−23%
- American Airls Group Inc−$55.6M−29%
- Carnival Corp−$64.3M−27%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 16 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 ↗ |