What Two Sigma Investments 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
$138bn
$14.3bn at Q2 2013
Positions
5,017
1,941 at Q2 2013
Top ten weight
8%
9% at Q2 2013
Typical quarterly turnover
about 35%
Estimated from share changes
- Q2 2013: $14.3bn
- Q3 2013: $15.7bn
- Q4 2013: $18.1bn
- Q1 2014: $18.7bn
- Q2 2014: $22.2bn
- Q3 2014: $22.4bn
- Q4 2014: $18.1bn
- Q1 2015: $21.5bn
- Q2 2015: $21.4bn
- Q3 2015: $19.5bn
- Q4 2015: $20.9bn
- Q1 2016: $21.0bn
- Q2 2016: $23.3bn
- Q3 2016: $27.6bn
- Q4 2016: $26.1bn
- Q1 2017: $29.7bn
- Q2 2017: $27.6bn
- Q3 2017: $28.2bn
- Q4 2017: $30.7bn
- Q1 2018: $30.0bn
- Q2 2018: $33.5bn
- Q3 2018: $36.7bn
- Q4 2018: $25.5bn
- Q1 2019: $30.8bn
- Q2 2019: $29.9bn
- Q3 2019: $29.7bn
- Q4 2019: $33.2bn
- Q1 2020: $12.3bn
- Q2 2020: $20.2bn
- Q3 2020: $28.2bn
- Q4 2020: $34.9bn
- Q1 2021: $38.4bn
- Q2 2021: $44.1bn
- Q3 2021: $44.7bn
- Q4 2021: $46.8bn
- Q1 2022: $33.9bn
- Q2 2022: $30.3bn
- Q3 2022: $29.4bn
- Q4 2022: $31.9bn
- Q1 2023: $35.0bn
- Q2 2023: $39.9bn
- Q3 2023: $37.2bn
- Q4 2023: $43.5bn
- Q1 2024: $42.6bn
- Q2 2024: $43.9bn
- Q3 2024: $45.6bn
- Q4 2024: $45.9bn
- Q1 2025: $46.8bn
- Q2 2025: $56.5bn
- Q3 2025: $67.2bn
- Q4 2025: $70.9bn
- Q1 2026: $124bn
- Q2 2026: $138bn
- Q2 2013: 9%
- Q3 2013: 9%
- Q4 2013: 8%
- Q1 2014: 8%
- Q2 2014: 7%
- Q3 2014: 8%
- Q4 2014: 8%
- Q1 2015: 7%
- Q2 2015: 7%
- Q3 2015: 10%
- Q4 2015: 8%
- Q1 2016: 8%
- Q2 2016: 7%
- Q3 2016: 7%
- Q4 2016: 7%
- Q1 2017: 6%
- Q2 2017: 7%
- Q3 2017: 7%
- Q4 2017: 6%
- Q1 2018: 6%
- Q2 2018: 6%
- Q3 2018: 5%
- Q4 2018: 7%
- Q1 2019: 6%
- Q2 2019: 7%
- Q3 2019: 7%
- Q4 2019: 8%
- Q1 2020: 11%
- Q2 2020: 12%
- Q3 2020: 9%
- Q4 2020: 7%
- Q1 2021: 7%
- Q2 2021: 6%
- Q3 2021: 5%
- Q4 2021: 6%
- Q1 2022: 7%
- Q2 2022: 8%
- Q3 2022: 9%
- Q4 2022: 8%
- Q1 2023: 7%
- Q2 2023: 8%
- Q3 2023: 7%
- Q4 2023: 9%
- Q1 2024: 9%
- Q2 2024: 9%
- Q3 2024: 7%
- Q4 2024: 7%
- Q1 2025: 8%
- Q2 2025: 8%
- Q3 2025: 6%
- Q4 2025: 5%
- Q1 2026: 9%
- Q2 2026: 8%
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 |
|---|---|---|---|---|
| Western Digital CorpNote 3.000%11/1 | Q4 2024 | $1.5bnQ2 2026 | $1.5bn | |
| Amazon Com Inc(AMZN) | Q3 2013 | $1.4bnQ2 2026 | $1.4bn | |
| Nvidia Corp(NVDA) | Q1 2014 | $2.0bnQ1 2026 | $1.3bn | |
| Apple Inc(AAPL) | Q4 2013 | $1.5bnQ1 2026 | $1.2bn | |
| Tesla MTRS Inc(TSLA) | Q2 2013 | $1.2bnQ2 2026 | $1.2bn | |
| Berkshire Hathaway Inc Del(BRK-B)Class B New | Q2 2014 | $1.1bnQ2 2026 | $1.1bn | |
| JPMorgan Chase & Co(JPM) | Q3 2013 | $974mQ1 2026 | $968m | |
| Mastercard Inc(MA)Class A | Q3 2013 | $946mQ2 2026 | $946m | |
| Costco WHSL Corp New(COST) | Q2 2013 | $941mQ2 2026 | $941m | |
| Asml Holding N V(ASML)N Y Registry Shares | Q2 2017 | $918mQ2 2026 | $918m | |
| Advanced Micro Devices Inc(AMD) | Q3 2016 | $880mQ2 2026 | $880m | |
| Citigroup Inc(C) | Q4 2013 | $831mQ2 2026 | $831m | |
| Spdr S&P 500 Etf Trust(SPY) | Q3 2013 | $1.5bnQ2 2024 | Below the listed rangelast listed Q1 2026 | |
| Select Sector SPDR Financial(XLF) | Q1 2023 | $583mQ3 2025 | Soldlast listed Q3 2025 | |
| Select Sector SPDR Shares Of Beneficial Interest Cons Staples(XLP) | Q3 2013 | $490mQ3 2025 | Soldlast listed Q3 2025 | |
| iShares RUS 1000 GRW ETF(IWF) | Q3 2013 | $473mQ2 2025 | Below the listed rangelast listed Q1 2026 | |
| Select Sector SPDR Technology(XLK) | Q3 2013 | $431mQ1 2025 | Soldlast listed Q2 2025 | |
| Select Sector SPDR CON(XLY) | Q4 2025 | $404mQ4 2025 | Soldlast listed Q1 2026 | |
| Select Sector SPDR TEC(XLK) | Q4 2025 | $403mQ4 2025 | Soldlast listed Q1 2026 | |
| Cheniere Energy Inc(LNG) | Q2 2014 | $394mQ1 2026 | Below the listed rangelast listed Q1 2026 |
Quarter by quarter
Q2 2023: $39.9bn across 2,967 positions
Against Q1 2023: 612 new, 1,128 added to, 1,069 trimmed, 476 sold out, across all 2,967 positions.
Turnover about 32% of the book, estimated from share changes at quarter-end prices.
Largest additions
- Invesco QQQ Trust (QQQ)+$361m
- Spdr S&P 500 Etf Trust (SPY)+$360m
- Nvidia Corp (NVDA)+$276m
- Apple Inc (AAPL)+$195m
- Target Corp (TGT)+$173m
- Freeport-mcmoran Copper & Go (FCX)+$172m
- Select Sector SPDR Shares Of Beneficial Interest Int-utils (XLU)+$169m
- Norwegian Cruise Line HLDGS (NCLH)+$167m
Largest reductions
- Netflix Inc (NFLX)-$217m
- Pg&e Corp-$209m
- Conocophillips (COP)-$176m
- Danaher Corp Del (DHR)-$171m
- Cigna Corp New (CI)-$155m
- Amazon Com Inc (AMZN)-$149m
- Pepsico Inc (PEP)-$148m
- Lululemon Athletica Inc (LULU)-$145m
Opened
- Invesco QQQ Trust (QQQ)$250m
- Invesco QQQ Trust (QQQ)$250m
- NIKE Inc (NKE)$237m
- Carnival Corp (CCL)$237m
Sold out
- Palo Alto Networks Incwas $293m
- Goldman Sachs Group Inc (GS)was $127m
- Aptiv PLCwas $105m
- Abbott Labs (ABT)was $90m
- Eqt Corp (EQT)was $81m
- PNC Finl SVCS Group Inc (PNC)was $61m
- SPDR Series Trust (XBI)was $56m
- Dicks Sporting Goods Incwas $51m
Largest positions, Q2 2023
The largest 25 of 2,967 reported positions; the largest 500 carry 83.6% of the reported value.
| Position | Value | Weight | On the quarter |
|---|---|---|---|
| Invesco QQQ Trust (QQQ) | $506m | 1.3% | Added |
| Spdr S&P 500 Etf Trust (SPY) | $476m | 1.2% | Added |
| Nvidia Corp (NVDA) | $294m | 0.7% | Added |
| Ford MTR Co Del (F) | $269m | 0.7% | Trimmed |
| Visa Inc (V) | $262m | 0.7% | Trimmed |
| Invesco QQQ Trust (QQQ) | $250m | 0.6% | New |
| Invesco QQQ Trust (QQQ) | $250m | 0.6% | New |
| Abbvie Inc (ABBV) | $247m | 0.6% | Added |
| Anthem Inc (ELV) | $247m | 0.6% | Added |
| Nextera Energy Inc (NEE) | $242m | 0.6% | Added |
| PayPal HLDGS Inc (PYPL) | $241m | 0.6% | Added |
| NIKE Inc (NKE) | $237m | 0.6% | New |
| Carnival Corp (CCL) | $237m | 0.6% | New |
| Wal-mart Stores Inc (WMT) | $234m | 0.6% | Trimmed |
| CVS Caremark Corporation (CVS) | $232m | 0.6% | Added |
| Lockheed Martin Corp (LMT) | $224m | 0.6% | Added |
| Honeywell Intl Inc (HON) | $221m | 0.6% | Trimmed |
| Coca Cola Co (KO) | $220m | 0.6% | Added |
| Amgen Inc (AMGN) | $219m | 0.5% | Added |
| Thermo Fisher Scientific Inc (TMO) | $219m | 0.5% | Added |
| McDonald's Corp (MCD) | $214m | 0.5% | Trimmed |
| Zoom Video Communications In (ZM) | $213m | 0.5% | Added |
| Bristol Myers Squibb Co (BMY) | $204m | 0.5% | Added |
| Roblox Corp (RBLX) | $203m | 0.5% | Added |
| Target Corp (TGT) | $202m | 0.5% | Added |
The books most like this one
Among the managers whose filings are on file, at Q2 2026. Overlap is the share of the two books that is the same: for every stock both list, the smaller of its two weights, added up. Two books can overlap because both own the largest companies; it says nothing about whether the managers agree.
| Manager | Overlap | Stocks in both | Overlap over time | |
|---|---|---|---|---|
| Voloridge Investment Management LLC | at least 29% | 196 | Compare | |
| AQR Capital Management LLC | at least 29% | 212 | Compare | |
| Man Group PLC | at least 24% | 171 | Compare | |
| Arrowstreet Capital LP | at least 24% | 171 | Compare | |
| Acadian Asset Management LLC | at least 24% | 164 | Compare | |
| D. E. Shaw & Co. | at least 23% | 165 | Compare | |
| Renaissance Technologies LLC | at least 23% | 178 | Compare | |
| Quantbot Technologies LP | at least 23% | 184 | Compare |
“At least” where either manager has more positions than are read each quarter: a stock both hold below that range is not counted.
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 Investments LP | $138bn | 13F-HR | |
| Q1 2026 | Two Sigma Investments LP | $124bn | 13F-HR | |
| Q4 2025 | Two Sigma Investments LP | $70.9bn | 13F-HR | |
| Q3 2025 | Two Sigma Investments LP | $67.2bn | 13F-HR | |
| Q2 2025 | Two Sigma Investments LP | $56.5bn | 13F-HR | |
| Q1 2025 | Two Sigma Investments LP | $46.8bn | 13F-HR | |
| Q4 2024 | Two Sigma Investments LP | $45.9bn | 13F-HR | |
| Q3 2024 | Two Sigma Investments LP | $45.6bn | 13F-HR | |
| Q2 2024 | Two Sigma Investments LP | $43.9bn | 13F-HR | |
| Q1 2024 | Two Sigma Investments LP | $42.6bn | 13F-HR | |
| Q4 2023 | Two Sigma Investments LP | $43.5bn | 13F-HR | |
| Q3 2023 | Two Sigma Investments LP | $37.2bn | 13F-HR | |
| Q2 2023 | Two Sigma Investments LP | $39.9bn | 13F-HR | |
| Q1 2023 | Two Sigma Investments LP | $35.0bn | 13F-HR | |
| Q4 2022 | Two Sigma Investments LP | $31.9bn | 13F-HR | |
| Q3 2022 | Two Sigma Investments LP | $29.4bn | 13F-HR | |
| Q2 2022 | Two Sigma Investments LP | $30.3bn | 13F-HR | |
| Q1 2022 | Two Sigma Investments LP | $33.9bn | 13F-HR | |
| Q4 2021 | Two Sigma Investments LP | $46.8bn | 13F-HR | |
| Q3 2021 | Two Sigma Investments LP | $44.7bn | 13F-HR | |
| Q2 2021 | Two Sigma Investments LP | $44.1bn | 13F-HR | |
| Q1 2021 | Two Sigma Investments LP | $38.4bn | 13F-HR | |
| Q4 2020 | Two Sigma Investments LP | $34.9bn | 13F-HR | |
| Q3 2020 | Two Sigma Investments LP | $28.2bn | 13F-HR | |
| Q2 2020 | Two Sigma Investments LP | $20.2bn | 13F-HR | |
| Q1 2020 | Two Sigma Investments LP | $12.3bn | 13F-HR | |
| Q4 2019 | Two Sigma Investments LP | $33.2bn | 13F-HR | |
| Q3 2019 | Two Sigma Investments LP | $29.7bn | 13F-HR | |
| Q2 2019 | Two Sigma Investments LP | $29.9bn | 13F-HR | |
| Q1 2019 | Two Sigma Investments LP | $30.8bn | 13F-HR | |
| Q4 2018 | Two Sigma Investments LP | $25.5bn | 13F-HR | |
| Q3 2018 | Two Sigma Investments LP | $36.7bn | 13F-HR | |
| Q2 2018 | Two Sigma Investments LP | $33.5bn | 13F-HR | |
| Q1 2018 | Two Sigma Investments LP | $30.0bn | 13F-HR | |
| Q4 2017 | Two Sigma Investments LP | $30.7bn | 13F-HR | |
| Q3 2017 | Two Sigma Investments LP | $28.2bn | 13F-HR | |
| Q2 2017 | Two Sigma Investments LP | $27.6bn | 13F-HR | |
| Q1 2017 | Two Sigma Investments LP | $29.7bn | 13F-HR | |
| Q4 2016 | Two Sigma Investments LP | $26.1bn | 13F-HR | |
| Q3 2016 | Two Sigma Investments LP | $27.6bn | 13F-HR | |
| Q2 2016 | Two Sigma Investments LP | $23.3bn | 13F-HR | |
| Q1 2016 | Two Sigma Investments LP | $21.0bn | 13F-HR | |
| Q4 2015 | Two Sigma Investments LP | $20.9bn | 13F-HR | |
| Q3 2015 | Two Sigma Investments LP | $19.5bn | 13F-HR | |
| Q2 2015 | Two Sigma Investments LP | $21.4bn | 1 | 13F-HR |
| Q1 2015 | Two Sigma Investments LP | $21.5bn | 1 | 13F-HR |
| Q4 2014 | Two Sigma Investments LP | $18.1bn | 1 | 13F-HR |
| Q3 2014 | Two Sigma Investments LP | $22.4bn | 1 | 13F-HR |
| Q2 2014 | Two Sigma Investments LP | $22.2bn | 1 | 13F-HR |
| Q1 2014 | Two Sigma Investments LP | $18.7bn | 13F-HR | |
| Q4 2013 | Two Sigma Investments LP | $18.1bn | 13F-HR | |
| Q3 2013 | Two Sigma Investments LP | $15.7bn | 13F-HR | |
| Q2 2013 | Two Sigma Investments LP | $14.3bn | 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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