— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

TWO SIGMA INVESTMENTS, LP

Q2 2025 · Filed 2025-08-14
Market Value
$52.5B
+21.1%
Holdings
3,239
+88
New Purchases
453
Added To
1,133
Closed
432
Reduced
1,193
Top 10 Concentration
8.2%
Turnover
27.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IGV 0.66% 0.00% +0.66% $345M
GEV 0.46% 0.02% +0.45% $243M
DUOL 0.45% 0.01% +0.44% $235M
UNH 0.45% 0.01% +0.44% $236M
QQQ 1.41% 0.98% +0.43% $739M
AON 0.43% 0.00% +0.42% $225M
CB 0.43% 0.00% +0.42% $224M
UNP 0.45% 0.04% +0.41% $235M
V 0.39% 0.00% +0.38% $203M
ZS 0.49% 0.11% +0.38% $255M
NKE 0.37% 0.01% +0.36% $192M
CPNG 0.41% 0.06% +0.35% $217M
APH 0.36% 0.01% +0.35% $187M
TMUS 0.47% 0.14% +0.33% $244M
RIVN 0.38% 0.07% +0.30% $198M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AVGO 0.00% 0.60% -0.60% $928K
SPY 1.36% 1.93% -0.57% $715M
MRVL 0.01% 0.56% -0.55% $5M
AMD 0.01% 0.53% -0.52% $6M
NOW 0.05% 0.44% -0.39% $24M
FTNT 0.08% 0.47% -0.39% $42M
CMCSA 0.03% 0.42% -0.38% $16M
DG 0.14% 0.52% -0.38% $75M
LHX 0.04% 0.42% -0.37% $23M
LIN 0.09% 0.46% -0.37% $49M
NOC 0.07% 0.44% -0.37% $39M
OXY 0.03% 0.39% -0.36% $16M
LNG 0.25% 0.57% -0.33% $129M
KDP 0.01% 0.32% -0.31% $4M
XLV 0.21% 0.53% -0.31% $111M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 60 $8.3B 15.8%
Large Cap 752 $30.7B 58.4%
Mid Cap 875 $9.8B 18.6%
Small Cap 1,084 $3.3B 6.3%
Micro Cap 468 $417M 0.8%

Portfolio Analytics

Avg Market Cap
$27.5B
Median Market Cap
$2.2B
Avg P/E
31.7
Median P/E
19.8
Avg Dividend Yield
0.03%
Avg Beta
1.06
# Stocks
2,889
# ETFs / Funds
350

Top Holdings (3,239 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 QQQ 1.41% 1,339,733 $739M $551.64 $313M +432,088 +47.6%
2 SPY 1.36% 1,157,598 $715M $617.85 -$121M -337,135 -22.6%
3 IWF 0.90% 1,114,100 $473M $424.58 $97M +73,500 +7.1%
4 VUG 0.87% 1,042,900 $457M $438.40 $79M +22,000 +2.1%
5 XLK 0.70% 1,448,331 $367M $253.23 -$65M -640,370 -30.7%
6 IVV 0.67% 564,700 $351M $620.90 $37M +5,700 +1.0%
7 IGV 0.66% 3,154,300 $345M $109.50 +3,154,300 NEW
8 NVDA 0.57% 1,893,594 $299M $157.99 $46M -439,451 -18.8%
9 AMZN 0.55% 1,325,041 $291M $219.39 $152M +597,321 +82.1%
10 NFLX 0.55% 215,216 $288M $1,339.13 $91M +3,978 +1.9%
11 AAPL 0.55% 1,404,489 $288M $205.17 $56M +357,687 +34.2%
12 CVNA 0.53% 824,164 $278M $336.96 $155M +236,461 +40.2%
13 PLTR 0.52% 2,000,926 $273M $136.32 $35M -815,797 -29.0%
14 SNOW 0.52% 1,217,039 $272M $223.77 $31M -431,314 -26.2%
15 CRM 0.52% 993,387 $271M $272.69 $12M +27,663 +2.9%
16 NET 0.51% 1,363,214 $267M $195.83 $111M -20,803 -1.5%
17 BSX 0.51% 2,466,376 $265M $107.41 $19M +25,629 +1.1%
18 MSFT 0.50% 529,591 $263M $497.41 $40M -65,163 -11.0%
19 MA 0.50% 467,387 $263M $561.94 $40M +60,964 +15.0%
20 SE 0.50% 1,641,413 $263M $159.94 $127M +602,208 +58.0%
21 REGN 0.50% 499,828 $262M $525.00 $26M +127,757 +34.3%
22 RBLX 0.50% 2,482,023 $261M $105.20 $28M -1,517,856 -38.0%
23 SCHW 0.49% 2,843,926 $259M $91.24 $107M +897,724 +46.1%
24 SOFI 0.49% 14,241,585 $259M $18.21 $149M +4,740,193 +49.9%
25 ADBE 0.49% 668,638 $259M $386.88 $21M +49,100 +7.9%
26 TMO 0.49% 637,117 $258M $405.46 $93M +305,856 +92.3%
27 ZS 0.49% 812,308 $255M $313.94 $209M +579,991 +249.7%
28 MSCI 0.48% 436,842 $252M $576.74 $14M +15,193 +3.6%
29 TEAM 0.48% 1,239,975 $252M $203.09 $118M +609,176 +96.6%
30 GOOGL 0.48% 1,422,143 $251M $176.23 $5M -167,120 -10.5%
31 TMUS 0.47% 1,024,186 $244M $238.26 $184M +800,200 +357.2%
32 GEV 0.46% 459,054 $243M $529.15 $236M +435,816 +1875.5%
33 BAC 0.45% 5,031,873 $238M $47.32 $172M +3,451,423 +218.4%
34 MSI 0.45% 563,990 $237M $420.46 $82M +209,898 +59.3%
35 UNH 0.45% 756,506 $236M $311.97 $232M +748,406 +9239.6%
36 DHR 0.45% 1,189,679 $235M $197.54 $8M +84,078 +7.6%
37 DUOL 0.45% 572,841 $235M $410.02 $232M +562,685 +5540.4%
38 UNP 0.45% 1,019,532 $235M $230.08 $217M +944,994 +1267.8%
39 COST 0.44% 234,117 $232M $989.94 $115M +111,097 +90.3%
40 RSG 0.44% 939,170 $232M $246.61 $105M +414,484 +79.0%
41 QCOM 0.44% 1,447,782 $231M $159.26 $68M +390,553 +36.9%
42 HUBS 0.44% 411,125 $229M $556.63 $97M +180,098 +78.0%
43 CME 0.43% 824,490 $227M $275.62 -$43M -194,195 -19.1%
44 AON 0.43% 629,555 $225M $356.76 $223M +624,321 +11928.2%
45 CB 0.43% 773,426 $224M $289.72 $222M +767,626 +13234.9%
46 MELI 0.43% 85,532 $224M $2,613.63 $9M -24,697 -22.4%
47 ISRG 0.42% 400,871 $218M $543.41 $14M -10,790 -2.6%
48 MMC 0.41% 993,284 $217M $218.64 $165M +778,413 +362.3%
49 CPNG 0.41% 7,242,249 $217M $29.96 $191M +6,061,224 +513.2%
50 HOOD 0.41% 2,315,076 $217M $93.63 $117M -76,268 -3.2%
51 IT 0.41% 536,009 $217M $404.22 -$3M +12,749 +2.4%
52 WM 0.41% 933,324 $214M $228.82 $65M +290,925 +45.3%
53 MCK 0.40% 289,430 $212M $732.78 -$7M -36,504 -11.2%
54 VEEV 0.39% 714,810 $206M $287.98 $90M +216,003 +43.3%
55 META 0.39% 278,854 $206M $738.09 $17M -49,532 -15.1%
56 USMV 0.39% 2,168,200 $204M $93.87 $148M +1,573,600 +264.6%
57 INTU 0.39% 257,787 $203M $787.63 $139M +153,983 +148.3%
58 V 0.39% 571,493 $203M $355.05 $201M +566,193 +10682.9%
59 LMT 0.39% 436,104 $202M $463.14 -$52M -131,835 -23.2%
60 EXE 0.38% 1,726,810 $202M $116.94 $105M +858,674 +98.9%
61 HUM 0.38% 823,207 $201M $244.48 -$25M -33,569 -3.9%
62 ABC 0.38% 670,788 $201M $299.85 -$38M -187,824 -21.9%
63 RIVN 0.38% 14,399,101 $198M $13.74 $166M +11,833,167 +461.2%
64 ASML 0.38% 246,683 $198M $801.39 $112M +116,957 +90.2%
65 KRE 0.37% 3,292,564 $196M $59.39 $38M +515,458 +18.6%
66 ABNB 0.37% 1,467,681 $194M $132.34 $111M +769,033 +110.1%
67 MRK 0.37% 2,438,348 $193M $79.16 -$5M +237,647 +10.8%
68 MRNA 0.37% 6,959,208 $192M $27.59 $66M +2,505,105 +56.2%
69 NKE 0.37% 2,697,119 $192M $71.04 $189M +2,658,998 +6975.1%
70 SYK 0.36% 480,543 $190M $395.63 $105M +252,916 +111.1%
71 BTI 0.36% 3,986,871 $189M $47.33 $153M +3,116,921 +358.3%
72 APH 0.36% 1,895,982 $187M $98.75 $184M +1,847,845 +3838.7%
73 DHI 0.35% 1,433,971 $185M $128.92 $13M +81,556 +6.0%
74 HEI 0.35% 555,495 $182M $328.00 $74M +149,464 +36.8%
75 CI 0.35% 550,706 $182M $330.58 $66M +197,570 +56.0%
76 WCN 0.34% 962,529 $180M $186.72 -$16M -40,799 -4.1%
77 QUAL 0.34% 967,300 $177M $182.82 $74M +366,300 +61.0%
78 IQV 0.34% 1,117,676 $176M $157.59 -$40M -108,729 -8.9%
79 SPLG 0.34% 2,419,000 $176M $72.69 -$13M -459,700 -16.0%
80 DASH 0.33% 704,849 $174M $246.51 -$57M -556,828 -44.1%
81 CNC 0.33% 3,152,229 $171M $54.28 -$45M -404,107 -11.4%
82 CAH 0.32% 998,151 $168M $168.00 $32M +13,933 +1.4%
83 IBKR 0.32% 3,022,728 $167M $55.41 $56M +2,350,877 +349.9%
84 BDX 0.32% 967,159 $167M $172.25 $114M +736,078 +318.5%
85 MNST 0.31% 2,618,988 $164M $62.64 $49M +658,768 +33.6%
86 ANET 0.31% 1,577,942 $161M $102.31 -$53M -1,189,116 -43.0%
87 NDAQ 0.30% 1,784,608 $160M $89.42 $105M +1,070,369 +149.9%
88 CLX 0.30% 1,300,378 $156M $120.07 $146M +1,229,023 +1722.4%
89 NVO 0.29% 2,216,950 $153M $69.02 -$66M -930,979 -29.6%
90 IYW 0.29% 880,824 $153M $173.27 -$18M -337,300 -27.7%
91 VTI 0.29% 498,445 $151M $303.93 -$31M -164,882 -24.9%
92 XLP 0.28% 1,824,100 $148M $80.97 +1,824,100 NEW
93 FDN 0.28% 548,100 $148M $269.33 $147M +547,100 +54710.0%
94 GDDY 0.28% 816,740 $147M $180.06 $146M +809,354 +10958.0%
95 OEF 0.28% 481,100 $146M $304.35 $90M +271,000 +129.0%
96 IWM 0.28% 677,611 $146M $215.79 +677,611 NEW
97 TSLA 0.27% 453,560 $144M $317.66 -$88M -443,788 -49.5%
98 CRWD 0.27% 282,148 $144M $509.31 $140M +272,448 +2808.7%
99 PG 0.27% 892,060 $142M $159.32 $138M +870,160 +3973.3%
100 CRDO 0.27% 1,533,365 $142M $92.59 $105M +617,493 +67.4%

Options Breakdown

9 Calls $65M Call Value 58 Puts $893M Put Value 13.68 P/C Ratio

Top Calls

SymbolSharesValueStatus
UBER 413,000 $39M
NEE 363,600 $25M
ALB 24,900 $2M NEW
SMH $0 SOLD
XLF $0 SOLD
XLE $0 SOLD
TLT $0 SOLD
SPY $0 SOLD
KRE $0 SOLD

Top Puts

SymbolSharesValueStatus
CCL 4,023,100 $113M
MSTR 190,400 $77M
RIVN 4,543,900 $62M
STX 384,200 $55M
LITE 506,800 $48M
MARA 2,762,300 $43M
SPR 1,128,000 $43M
MP 1,175,500 $39M
AXON 42,700 $35M
BURL 148,600 $35M

New Positions

SymbolValue% Port
IGV $345M 0.66%
XLP $148M 0.28%
IWM $146M 0.28%
BRO $105M 0.20%
BNS $77M 0.15%
TEM $76M 0.14%
FI $55M 0.11%
MTUM $55M 0.10%
VZ $53M 0.10%
SPMO $49M 0.09%
CRCL $49M 0.09%
KIE $45M 0.09%
VV $45M 0.09%
VFH $44M 0.08%
COIN $44M 0.08%

Sold Out Positions

SymbolValue% Port
OGS —%
T —%
BKD —%
ARCO —%
FLR —%
MTDR —%
HPE —%
WTM —%
XOM —%
M —%
ALLE —%
CMG —%
HWM —%
PSX —%
RMAX —%
View SEC EDGAR Filings for TWO SIGMA INVESTMENTS, LP →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms