What Two Sigma Advisers LP changed, 2013 to 2026
53 quarterly 13F filings, from Q2 2013 to Q2 2026, each read from the filing itself. A quarter is compared only with the quarter before it, so a quarter with no filing is a gap in the record, not a sale.
Reported book
$0
$7.0bn at Q2 2013
Positions
0
2,136 at Q2 2013
Top ten weight
n.a.
19% at Q2 2013
Typical quarterly turnover
about 26%
Estimated from share changes
- Q2 2013: $7.0bn
- Q3 2013: $8.4bn
- Q4 2013: $10.4bn
- Q1 2014: $11.0bn
- Q2 2014: $12.8bn
- Q3 2014: $13.3bn
- Q4 2014: $12.9bn
- Q1 2015: $13.6bn
- Q2 2015: $13.4bn
- Q3 2015: $15.9bn
- Q4 2015: $16.8bn
- Q1 2016: $17.9bn
- Q2 2016: $19.7bn
- Q3 2016: $23.5bn
- Q4 2016: $26.1bn
- Q1 2017: $30.5bn
- Q2 2017: $30.3bn
- Q3 2017: $35.3bn
- Q4 2017: $37.1bn
- Q1 2018: $36.9bn
- Q2 2018: $37.2bn
- Q3 2018: $41.0bn
- Q4 2018: $36.6bn
- Q1 2019: $39.7bn
- Q2 2019: $40.2bn
- Q3 2019: $40.9bn
- Q4 2019: $43.1bn
- Q1 2020: $26.1bn
- Q2 2020: $34.0bn
- Q3 2020: $35.0bn
- Q4 2020: $37.4bn
- Q1 2021: $36.4bn
- Q2 2021: $37.9bn
- Q3 2021: $38.6bn
- Q4 2021: $39.9bn
- Q1 2022: $37.6bn
- Q2 2022: $35.3bn
- Q3 2022: $34.5bn
- Q4 2022: $35.8bn
- Q1 2023: $38.8bn
- Q2 2023: $39.3bn
- Q3 2023: $39.0bn
- Q4 2023: $42.7bn
- Q1 2024: $43.2bn
- Q2 2024: $44.8bn
- Q3 2024: $42.7bn
- Q4 2024: $43.2bn
- Q1 2025: $44.4bn
- Q2 2025: $48.8bn
- Q3 2025: $50.0bn
- Q4 2025: $51.4bn
- Q1 2026: $0
- Q2 2026: $0
- Q2 2013: 19%
- Q3 2013: 14%
- Q4 2013: 14%
- Q1 2014: 13%
- Q2 2014: 13%
- Q3 2014: 10%
- Q4 2014: 10%
- Q1 2015: 9%
- Q2 2015: 9%
- Q3 2015: 9%
- Q4 2015: 10%
- Q1 2016: 11%
- Q2 2016: 12%
- Q3 2016: 10%
- Q4 2016: 9%
- Q1 2017: 9%
- Q2 2017: 10%
- Q3 2017: 10%
- Q4 2017: 9%
- Q1 2018: 8%
- Q2 2018: 9%
- Q3 2018: 10%
- Q4 2018: 10%
- Q1 2019: 10%
- Q2 2019: 11%
- Q3 2019: 12%
- Q4 2019: 12%
- Q1 2020: 12%
- Q2 2020: 14%
- Q3 2020: 13%
- Q4 2020: 12%
- Q1 2021: 14%
- Q2 2021: 13%
- Q3 2021: 13%
- Q4 2021: 13%
- Q1 2022: 14%
- Q2 2022: 13%
- Q3 2022: 14%
- Q4 2022: 14%
- Q1 2023: 12%
- Q2 2023: 14%
- Q3 2023: 16%
- Q4 2023: 17%
- Q1 2024: 17%
- Q2 2024: 18%
- Q3 2024: 17%
- Q4 2024: 20%
- Q1 2025: 18%
- Q2 2025: 19%
- Q3 2025: 19%
- Q4 2025: 19%
- Q1 2026: 0%
- Q2 2026: 0%
The positions that defined it
Every position that was ever among the 25 largest: when it first appeared, when it was largest, and where it stands in Q2 2026. The line is its reported value each quarter.
| Position | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Nvidia Corp(NVDA) | Q3 2016 | $1.7bnQ4 2025 | Soldlast listed Q4 2025 | |
| Apple Inc(AAPL) | Q3 2013 | $1.6bnQ4 2025 | Soldlast listed Q4 2025 | |
| Microsoft Corp(MSFT) | Q3 2014 | $1.5bnQ3 2025 | Soldlast listed Q4 2025 | |
| Amazon Com Inc(AMZN) | Q1 2015 | $1.1bnQ4 2025 | Soldlast listed Q4 2025 | |
| Alphabet Inc(GOOGL)Capital Stock Class A | Q4 2015 | $801mQ2 2025 | Soldlast listed Q4 2025 | |
| JPMorgan Chase & Co(JPM) | Q2 2013 | $769mQ3 2025 | Soldlast listed Q4 2025 | |
| Facebook Inc A(META)Class A | Q3 2014 | $726mQ4 2024 | Soldlast listed Q4 2025 | |
| Mastercard Inc(MA)Class A | Q3 2014 | $701mQ4 2025 | Soldlast listed Q4 2025 |
Quarter by quarter
Q4 2021: $39.9bn across 2,591 positions
Against Q3 2021: 504 new, 855 added to, 1,220 trimmed, 327 sold out, across all 2,591 positions.
Turnover about 28% of the book, estimated from share changes at quarter-end prices.
Largest additions
- Tesla Motors Inc (TSLA)+$400m
- Pfizer Inc (PFE)+$340m
- Activision Blizzard Inc+$327m
- Thermo Fisher Scientific Inc (TMO)+$287m
- PayPal HLDGS Inc (PYPL)+$272m
- Abbvie Inc (ABBV)+$242m
- Dexcom Inc (DXCM)+$234m
- Datadog Inc (DDOG)+$201m
Largest reductions
- Qualcomm Inc (QCOM)-$364m
- Alphabet Inc (GOOGL)-$358m
- AT&T Inc (T)-$309m
- Danaher Corp Del (DHR)-$214m
- Baidu Inc/China (BIDU)-$213m
- Intuitive Surgical Inc (ISRG)-$202m
- Abbott Labs (ABT)-$198m
- Moderna Inc (MRNA)-$174m
Opened
- Nvidia Corp (NVDA)$370m
Sold out
- Snap Inc (SNAP)was $379m
- Analog Devices Inc (ADI)was $283m
- Ke HLDGS Inc (BEKE)was $115m
- Accenture PLC Ireland (ACN)was $111m
- PPD Incwas $59m
- Hill Rom HLDGS Incwas $57m
- Bce Inc (BCE)was $45m
- Cme Group Inc (CME)was $43m
Largest positions, Q4 2021
The largest 25 of 2,591 reported positions; the largest 500 carry 89.4% of the reported value.
| Position | Value | Weight | On the quarter |
|---|---|---|---|
| Microsoft Corp (MSFT) | $930m | 2.3% | Trimmed |
| Johnson & Johnson (JNJ) | $545m | 1.4% | Trimmed |
| Visa Inc (V) | $536m | 1.3% | Added |
| Apple Inc (AAPL) | $521m | 1.3% | Trimmed |
| Lilly Eli & Co (LLY) | $491m | 1.2% | Trimmed |
| Facebook Inc A (META) | $490m | 1.2% | Added |
| Coca Cola Co (KO) | $476m | 1.2% | Added |
| Medtronic PLC (MDT) | $432m | 1.1% | Added |
| Charter Communications Inc N (CHTR) | $425m | 1.1% | Added |
| Bristol Myers Squibb Co (BMY) | $413m | 1.0% | Added |
| S&P Global Inc (SPGI) | $411m | 1.0% | Added |
| Amgen Inc (AMGN) | $407m | 1.0% | Trimmed |
| Tesla Motors Inc (TSLA) | $406m | 1.0% | Added |
| Zscaler Inc (ZS) | $389m | 1.0% | Added |
| Pfizer Inc (PFE) | $383m | 1.0% | Added |
| Activision Blizzard Inc | $373m | 0.9% | Added |
| Nvidia Corp (NVDA) | $370m | 0.9% | New |
| Merck & Co Inc New (MRK) | $360m | 0.9% | Trimmed |
| Caterpillar Inc Del (CAT) | $359m | 0.9% | Trimmed |
| Atlassian Corp PLC | $358m | 0.9% | Added |
| Boston Scientific Corp (BSX) | $356m | 0.9% | Added |
| Cerner Corp | $349m | 0.9% | Added |
| Datadog Inc (DDOG) | $344m | 0.9% | Added |
| PayPal HLDGS Inc (PYPL) | $324m | 0.8% | Added |
| Etsy Inc (ETSY) | $318m | 0.8% | Added |
The filings behind it
Every quarter above is one 13F holdings report, with any amendment the filer made to it applied in the order it was filed. Where the reporting entity changed, each quarter keeps the filer that actually reported it.
| Quarter | Filer | Book | Amended | Filing |
|---|---|---|---|---|
| Q2 2026 | Two Sigma Advisers LP | $0 | 13F-HR | |
| Q1 2026 | Two Sigma Advisers LP | $0 | 13F-HR | |
| Q4 2025 | Two Sigma Advisers LP | $51.4bn | 13F-HR | |
| Q3 2025 | Two Sigma Advisers LP | $50.0bn | 13F-HR | |
| Q2 2025 | Two Sigma Advisers LP | $48.8bn | 13F-HR | |
| Q1 2025 | Two Sigma Advisers LP | $44.4bn | 13F-HR | |
| Q4 2024 | Two Sigma Advisers LP | $43.2bn | 13F-HR | |
| Q3 2024 | Two Sigma Advisers LP | $42.7bn | 13F-HR | |
| Q2 2024 | Two Sigma Advisers LP | $44.8bn | 13F-HR | |
| Q1 2024 | Two Sigma Advisers LP | $43.2bn | 13F-HR | |
| Q4 2023 | Two Sigma Advisers LP | $42.7bn | 13F-HR | |
| Q3 2023 | Two Sigma Advisers LP | $39.0bn | 13F-HR | |
| Q2 2023 | Two Sigma Advisers LP | $39.3bn | 13F-HR | |
| Q1 2023 | Two Sigma Advisers LP | $38.8bn | 13F-HR | |
| Q4 2022 | Two Sigma Advisers LP | $35.8bn | 13F-HR | |
| Q3 2022 | Two Sigma Advisers LP | $34.5bn | 13F-HR | |
| Q2 2022 | Two Sigma Advisers LP | $35.3bn | 13F-HR | |
| Q1 2022 | Two Sigma Advisers LP | $37.6bn | 13F-HR | |
| Q4 2021 | Two Sigma Advisers LP | $39.9bn | 13F-HR | |
| Q3 2021 | Two Sigma Advisers LP | $38.6bn | 13F-HR | |
| Q2 2021 | Two Sigma Advisers LP | $37.9bn | 13F-HR | |
| Q1 2021 | Two Sigma Advisers LP | $36.4bn | 13F-HR | |
| Q4 2020 | Two Sigma Advisers LP | $37.4bn | 13F-HR | |
| Q3 2020 | Two Sigma Advisers LP | $35.0bn | 13F-HR | |
| Q2 2020 | Two Sigma Advisers LP | $34.0bn | 13F-HR | |
| Q1 2020 | Two Sigma Advisers LP | $26.1bn | 13F-HR | |
| Q4 2019 | Two Sigma Advisers LP | $43.1bn | 13F-HR | |
| Q3 2019 | Two Sigma Advisers LP | $40.9bn | 13F-HR | |
| Q2 2019 | Two Sigma Advisers LP | $40.2bn | 13F-HR | |
| Q1 2019 | Two Sigma Advisers LP | $39.7bn | 13F-HR | |
| Q4 2018 | Two Sigma Advisers LP | $36.6bn | 13F-HR | |
| Q3 2018 | Two Sigma Advisers LP | $41.0bn | 13F-HR | |
| Q2 2018 | Two Sigma Advisers LP | $37.2bn | 13F-HR | |
| Q1 2018 | Two Sigma Advisers LP | $36.9bn | 13F-HR | |
| Q4 2017 | Two Sigma Advisers LP | $37.1bn | 13F-HR | |
| Q3 2017 | Two Sigma Advisers LP | $35.3bn | 13F-HR | |
| Q2 2017 | Two Sigma Advisers LP | $30.3bn | 13F-HR | |
| Q1 2017 | Two Sigma Advisers LP | $30.5bn | 13F-HR | |
| Q4 2016 | Two Sigma Advisers LP | $26.1bn | 13F-HR | |
| Q3 2016 | Two Sigma Advisers LP | $23.5bn | 13F-HR | |
| Q2 2016 | Two Sigma Advisers LP | $19.7bn | 13F-HR | |
| Q1 2016 | Two Sigma Advisers LP | $17.9bn | 13F-HR | |
| Q4 2015 | Two Sigma Advisers LP | $16.8bn | 13F-HR | |
| Q3 2015 | Two Sigma Advisers LP | $15.9bn | 13F-HR | |
| Q2 2015 | Two Sigma Advisers LP | $13.4bn | 1 | 13F-HR |
| Q1 2015 | Two Sigma Advisers LP | $13.6bn | 1 | 13F-HR |
| Q4 2014 | Two Sigma Advisers LP | $12.9bn | 1 | 13F-HR |
| Q3 2014 | Two Sigma Advisers LP | $13.3bn | 1 | 13F-HR |
| Q2 2014 | Two Sigma Advisers LP | $12.8bn | 1 | 13F-HR |
| Q1 2014 | Two Sigma Advisers LP | $11.0bn | 13F-HR | |
| Q4 2013 | Two Sigma Advisers LP | $10.4bn | 13F-HR | |
| Q3 2013 | Two Sigma Advisers LP | $8.4bn | 13F-HR | |
| Q2 2013 | Two Sigma Advisers LP | $7.0bn | 13F-HR |
Reading this record
A 13F lists US-listed long equity and options at the quarter end, filed up to 45 days later. It shows what was held, not when it was bought or at what price, and nothing short. Where a quarter lists only the largest positions, a name missing from it may still be held below that range; the counts of what was opened and sold always cover the whole filing.
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