13F filer · CIK 1179392 ↗
Two Sigma
You are looking at Q4 2023. See the latest, Q2 2026 →
Reported value
$43.54B
+17% on the quarter before
Positions
3,116
570 new · 382 sold out
Top 10
9.3%
of the value
Est. gain
+$2.82B
on stocks held all quarter
Est. return
+12.9%
on those stocks since Q3 2023
Positions as of Dec 31, 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, 17% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2023. Striped tiles are options.
Largest buys
Since Q3 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~$1.04BAdded · 0.7% → 3.1%+2,190,427 shares
- Pinterest Inc~$252.8MAdded · 0.0% → 0.6%+6,823,828 shares
- Snowflake~$239.7MAdded · 0.0% → 0.6%+1,204,387 shares
- Invesco Qqq Tr~$236.4MAdded · 0.7% → 1.3%+577,355 shares
- General Mls Inc~$205.2MAdded · 0.0% → 0.5%+3,149,899 shares
- Humana Inc~$199.7MAdded · 0.0% → 0.5%+436,306 shares
- Fortinet~$196.7MAdded · 0.0% → 0.5%+3,360,805 shares
- Ishares Tr~$193.3MAdded · 0.0% → 0.4%+962,985 shares
- Becton Dickinson & Co~$178.5MNew · 0.0% → 0.4%+732,254 shares
- Unitedhealth Group Inc~$169.1MAdded · 0.2% → 0.5%+321,146 shares
Largest sells
Since Q3 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.
- Palantir~$290.1MCut · 0.7% → 0.0%−16,895,240 shares
- Tesla~$254.1MSold out · 0.7% → 0.0%−1,015,385 shares
- Nike Inc~$248.1MSold out · 0.7% → 0.0%−2,594,546 shares
- Pfizer Inc~$232.1MSold out · 0.6% → 0.0%−6,996,440 shares
- Procter And Gamble Co~$230.3MCut · 0.6% → 0.0%−1,571,336 shares
- Coca Cola Co~$215.8MCut · 0.6% → 0.0%−3,661,242 shares
- Select Sector SPDR Tr~$203.7MCut · 0.5% → 0.0%−3,215,762 shares
- Select Sector SPDR Tr~$201.3MCut · 0.5% → 0.0%−2,794,770 shares
- Vaneck ETF Trust~$198.8MCut · 0.4% → 0.0%−1,137,100 shares
- AT&T~$198.1MCut · 0.5% → 0.0%−11,808,516 shares
Holdings
As of Dec 31, 2023. Changes are in shares against Sep 30, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPDR S&P 500 ETF TrTR UNIT · shares +341% · price +11.2% | 3.1% | $1.35B | +$30.7M | ||||||||
| Invesco Qqq TrUNIT SER 1 · shares +75% · price +14.3% | 1.3% | $553.0M | +$39.6M | ||||||||
| MicrosoftCOM · shares +0.3% · price +19.1% | 0.64% | $279.2M | +$44.6M | ||||||||
| NvidiaCOM · shares −5.2% · price +13.8% | 0.63% | $275.7M | +$33.5M | ||||||||
| MicronCOM · shares +26% · price +25.4% | 0.63% | $274.8M | +$44.3M | ||||||||
| NetflixCOM · shares −17% · price +28.9% | 0.62% | $270.2M | +$60.6M | ||||||||
| AppleCOM · shares +8.5% · price +12.5% | 0.61% | $265.9M | +$27.1M | ||||||||
| Visa Inc.COM CL A · shares −6.2% · price +13.2% | 0.61% | $265.8M | +$31.0M | ||||||||
| PayPalCOM · shares +33% · price +5.0% | 0.61% | $264.5M | +$9.5M | ||||||||
| Pinterest IncCL A · shares +2,543% · price +37.0% | 0.60% | $262.7M | +$2.7M | ||||||||
| Rivian Automotive IncCOM CL A · shares +93% · price −3.4% | 0.59% | $257.5M | −$4.7M | ||||||||
| AlphabetCAP STK CL A · shares −2.1% · price +6.7% | 0.59% | $254.9M | +$16.1M | ||||||||
| Bristol-Myers Squibb CoCOM · shares +21% · price −11.6% | 0.58% | $251.3M | −$27.3M | ||||||||
| MetaCL A · shares +8.1% · price +17.9% | 0.58% | $251.2M | +$35.3M | ||||||||
| AmazonCOM · shares +81% · price +19.5% | 0.57% | $246.5M | +$22.2M | ||||||||
| General Mtrs CoCOM · shares +26% · price +8.9% | 0.56% | $244.0M | +$15.9M | ||||||||
| Merck & Co IncCOM · shares +148% · price +5.9% | 0.56% | $242.8M | +$5.5M | ||||||||
| SnowflakeCL A · shares +11,053% · price +30.3% | 0.56% | $241.8M | +$503,722 | ||||||||
| BlockCL A · shares +89% · price +74.8% | 0.55% | $239.4M | +$54.1M | ||||||||
| Carnival CorpUNIT 99/99/9999 · shares +0.3% · price +35.1% | 0.54% | $234.4M | +$60.8M | ||||||||
| Unitedhealth Group IncCOM · shares +267% · price +4.4% | 0.53% | $232.4M | +$2.7M | ||||||||
| MastercardCL A · shares +38% · price +7.7% | 0.53% | $232.3M | +$12.1M | ||||||||
| Costco Whsl Corp NewCOM · shares +59% · price +16.8% | 0.53% | $229.5M | +$20.8M | ||||||||
| Lockheed Martin CorpCOM · shares −6.5% · price +10.8% | 0.53% | $229.5M | +$22.4M | ||||||||
| General Mls IncCOM · shares +1,268% · price +1.8% | 0.51% | $221.4M | +$285,605 | ||||||||
| Total · 3,116 positions | 100% | $43.54B | +$2.82B |
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 2023 to Q4 2023: 2,438 stocks held throughout, up $2.82B (+12.9%).
- Affirm+$123.3M+131%
- AMD+$63.0M+43%
- UiPath+$62.3M+45%
- Carnival Corp+$60.8M+35%
- Netflix+$60.6M+29%
- Confluent Inc−$9.3M−21%
- Tg Therapeutics Inc1:15 split−$16.8M−86%
- Bristol-Myers Squibb Co−$27.3M−12%
- Transocean Ltd−$27.8M−23%
- Celsius Hldgs Inc−$40.5M−68%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 17 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 ↗ |