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← Two Sigma Investments LP, its record

Two Sigma Investments LP and Man Group PLC: where the books meet

At Q2 2026, at least 24% of the two 13F books was the same, across 171 stocks both listed, against 19% at Q1 2018. Overlap is the smaller of each shared stock’s two weights, added up: the part of one book that could be swapped for the other’s without a trade.

Overlap by quarter
0%14%29%Q1 2018: 19%, 161 in both18Q2 2018: 19%, 161 in bothQ3 2018: 24%, 196 in bothQ4 2018: 20%, 165 in bothQ1 2019: 21%, 164 in both19Q2 2019: 21%, 169 in bothQ3 2019: 22%, 179 in bothQ4 2019: 21%, 171 in bothQ1 2020: 19%, 140 in both20Q2 2020: 26%, 174 in bothQ3 2020: 24%, 181 in bothQ4 2020: 21%, 162 in bothQ1 2021: 20%, 145 in both21Q2 2021: 22%, 168 in bothQ3 2021: 23%, 170 in bothQ4 2021: 25%, 186 in bothQ1 2022: 25%, 185 in both22Q2 2022: 27%, 188 in bothQ3 2022: 26%, 190 in bothQ4 2022: 28%, 197 in bothQ1 2023: 26%, 193 in both23Q2 2023: 26%, 194 in bothQ3 2023: 26%, 185 in bothQ4 2023: 27%, 193 in bothQ1 2024: 25%, 192 in both24Q2 2024: 29%, 207 in bothQ3 2024: 28%, 198 in bothQ4 2024: 26%, 178 in bothQ1 2025: 23%, 171 in both25Q2 2025: 25%, 179 in bothQ3 2025: 25%, 172 in bothQ4 2025: 22%, 166 in bothQ1 2026: 26%, 165 in both26Q2 2026: 24%, 171 in both
  • Q1 2018: 19%, 161 in both
  • Q2 2018: 19%, 161 in both
  • Q3 2018: 24%, 196 in both
  • Q4 2018: 20%, 165 in both
  • Q1 2019: 21%, 164 in both
  • Q2 2019: 21%, 169 in both
  • Q3 2019: 22%, 179 in both
  • Q4 2019: 21%, 171 in both
  • Q1 2020: 19%, 140 in both
  • Q2 2020: 26%, 174 in both
  • Q3 2020: 24%, 181 in both
  • Q4 2020: 21%, 162 in both
  • Q1 2021: 20%, 145 in both
  • Q2 2021: 22%, 168 in both
  • Q3 2021: 23%, 170 in both
  • Q4 2021: 25%, 186 in both
  • Q1 2022: 25%, 185 in both
  • Q2 2022: 27%, 188 in both
  • Q3 2022: 26%, 190 in both
  • Q4 2022: 28%, 197 in both
  • Q1 2023: 26%, 193 in both
  • Q2 2023: 26%, 194 in both
  • Q3 2023: 26%, 185 in both
  • Q4 2023: 27%, 193 in both
  • Q1 2024: 25%, 192 in both
  • Q2 2024: 29%, 207 in both
  • Q3 2024: 28%, 198 in both
  • Q4 2024: 26%, 178 in both
  • Q1 2025: 23%, 171 in both
  • Q2 2025: 25%, 179 in both
  • Q3 2025: 25%, 172 in both
  • Q4 2025: 22%, 166 in both
  • Q1 2026: 26%, 165 in both
  • Q2 2026: 24%, 171 in both

Only quarters both managers filed. Where either filing has more positions than are read each quarter, a stock both hold below that range is not counted, so the figure is a floor.

What the overlap is made of, Q2 2026

Stocks both listed, by the smaller of the two weights. A weight is the stock’s share of that manager’s reported book, which says how large the position is, not how strongly it is held.

StockTwo Sigma Investments LPMan Group PLC
Amazon Com Inc(AMZN)1.0%Trimmed1.7%Added
Nvidia Corp(NVDA)0.9%Trimmed3.5%Added
Apple Inc(AAPL)0.9%Trimmed3.0%Added
Mastercard Inc(MA)0.7%Added0.8%Added
Costco WHSL Corp New(COST)0.7%Added0.7%Added
Advanced Micro Devices Inc(AMD)0.6%Added0.7%Trimmed
Citigroup Inc(C)0.6%Added0.6%Added
JPMorgan Chase & Co(JPM)0.7%Trimmed0.6%Trimmed
Alphabet Inc(GOOGL)0.6%Trimmed1.4%Trimmed
Microsoft Corp(MSFT)0.5%Added1.6%Trimmed
Micron Technology Inc(MU)0.4%Trimmed0.9%Trimmed
Tesla MTRS Inc(TSLA)0.9%Trimmed0.4%Trimmed
T-mobile US Inc(TMUS)0.5%Added0.4%Added
Bristol Myers Squibb Co(BMY)0.4%Trimmed0.4%Trimmed
Chipotle Mexican Grill Inc(CMG)0.5%Added0.4%Added
Airbnb Inc(ABNB)0.4%Added0.4%Added
General MTRS Co(GM)0.3%Added0.4%Trimmed
Ross Stores Inc(ROST)0.4%Trimmed0.3%Added
TJX Cos Inc New(TJX)0.5%Trimmed0.3%Added
Schwab Charles Corp New(SCHW)0.6%Added0.3%Added

and 151 smaller ones

Moved different ways in Q2 2026

Stocks one manager started or added to while the other trimmed or sold out, between the same two quarter ends. A 13F shows the quarter ends, never when in between anything was bought or sold, or why.

  • Nvidia Corp(NVDA)Two Sigma Investments LP trimmed; Man Group PLC added
  • Apple Inc(AAPL)Two Sigma Investments LP trimmed; Man Group PLC added
  • Amazon Com Inc(AMZN)Two Sigma Investments LP trimmed; Man Group PLC added
  • Microsoft Corp(MSFT)Two Sigma Investments LP added; Man Group PLC trimmed
  • Advanced Micro Devices Inc(AMD)Two Sigma Investments LP added; Man Group PLC trimmed
  • Boston Scientific Corp(BSX)Two Sigma Investments LP added; Man Group PLC trimmed
  • Goldman Sachs Group Inc(GS)Two Sigma Investments LP added; Man Group PLC trimmed
  • TJX Cos Inc New(TJX)Two Sigma Investments LP trimmed; Man Group PLC added
  • Roblox Corp(RBLX)Two Sigma Investments LP added; Man Group PLC trimmed
  • Wells Fargo & Co New(WFC)Two Sigma Investments LP added; Man Group PLC trimmed
  • Ross Stores Inc(ROST)Two Sigma Investments LP trimmed; Man Group PLC added
  • Aercap Holdings NV(AER)Two Sigma Investments LP trimmed; Man Group PLC added
Two Sigma Investments LP: the recordMan Group PLC: the record

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