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
Q1 2022: $37.6bn across 2,714 positions
Against Q4 2021: 449 new, 1,011 added to, 1,239 trimmed, 326 sold out, across all 2,714 positions.
Turnover about 27% of the book, estimated from share changes at quarter-end prices.
Largest additions
- Adobe Sys Inc (ADBE)+$435m
- Occidental Pete Corp Del (OXY)+$380m
- Amazon Com Inc (AMZN)+$316m
- Apple Inc (AAPL)+$300m
- Tesla Motors Inc (TSLA)+$223m
- Zoom Video Communications In (ZM)+$202m
- AT&T Inc (T)+$191m
- Docusign Inc (DOCU)+$146m
Largest reductions
- Coca Cola Co (KO)-$380m
- Intel Corp (INTC)-$288m
- Caterpillar Inc Del (CAT)-$288m
- Nvidia Corp (NVDA)-$284m
- Thermo Fisher Scientific Inc (TMO)-$275m
- Microsoft Corp (MSFT)-$246m
- Mastercard Inc (MA)-$203m
- Freeport-mcmoran Copper & Go (FCX)-$203m
Opened
Nothing new among the largest positions.
Sold out
- Activision Blizzard Incwas $373m
- Canadian Pacific Railway Ltdwas $173m
- Ihs Markit LTDwas $147m
- Select Sector SPDR Trust (XLI)was $133m
- Upstart HLDGS Inc (UPST)was $92m
- Xilinx Incwas $69m
- Hollyfrontier Corpwas $56m
- Nuance Communications Incwas $40m
Largest positions, Q1 2022
The largest 25 of 2,714 reported positions; the largest 500 carry 87.6% of the reported value.
| Position | Value | Weight | On the quarter |
|---|---|---|---|
| Apple Inc (AAPL) | $821m | 2.2% | Added |
| Microsoft Corp (MSFT) | $684m | 1.8% | Trimmed |
| Tesla Motors Inc (TSLA) | $628m | 1.7% | Added |
| Amazon Com Inc (AMZN) | $513m | 1.4% | Added |
| S&P Global Inc (SPGI) | $466m | 1.2% | Added |
| Merck & Co Inc New (MRK) | $463m | 1.2% | Added |
| Adobe Sys Inc (ADBE) | $462m | 1.2% | Added |
| Visa Inc (V) | $426m | 1.1% | Trimmed |
| Johnson & Johnson (JNJ) | $419m | 1.1% | Trimmed |
| Amgen Inc (AMGN) | $418m | 1.1% | Trimmed |
| Charter Communications Inc N (CHTR) | $408m | 1.1% | Added |
| Cerner Corp | $407m | 1.1% | Added |
| PayPal HLDGS Inc (PYPL) | $405m | 1.1% | Added |
| Occidental Pete Corp Del (OXY) | $393m | 1.0% | Added |
| Abbvie Inc (ABBV) | $356m | 0.9% | Added |
| Regeneron Pharmaceuticals (REGN) | $342m | 0.9% | Added |
| Medtronic PLC (MDT) | $334m | 0.9% | Trimmed |
| Boston Scientific Corp (BSX) | $334m | 0.9% | Trimmed |
| Bristol Myers Squibb Co (BMY) | $318m | 0.8% | Trimmed |
| Lilly Eli & Co (LLY) | $306m | 0.8% | Trimmed |
| Datadog Inc (DDOG) | $305m | 0.8% | Added |
| CSX Corp (CSX) | $304m | 0.8% | Trimmed |
| Honeywell Intl Inc (HON) | $301m | 0.8% | Added |
| Facebook Inc A (META) | $297m | 0.8% | Trimmed |
| Gilead Sciences Inc (GILD) | $273m | 0.7% | 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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