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TWO SIGMA INVESTMENTS, LP

Q3 2025 · Filed 2025-11-14
Market Value
$60.9B
+16.1%
Holdings
3,369
+130
New Purchases
562
Added To
1,367
Closed
353
Reduced
1,023
Top 10 Concentration
6.8%
Turnover
27.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
XLF 0.96% 0.19% +0.77% $583M
XLP 0.80% 0.28% +0.52% $490M
YNDX 0.44% 0.01% +0.44% $271M
DIA 0.39% 0.00% +0.39% $240M
TJX 0.39% 0.01% +0.39% $240M
AMD 0.40% 0.01% +0.39% $243M
ACN 0.38% 0.00% +0.38% $234M
WMT 0.41% 0.03% +0.38% $248M
TSM 0.40% 0.02% +0.38% $241M
IREN 0.40% 0.03% +0.37% $241M
MU 0.47% 0.12% +0.35% $285M
CTAS 0.34% 0.01% +0.34% $209M
BMY 0.40% 0.08% +0.33% $246M
HLT 0.35% 0.03% +0.32% $213M
BRK-B 0.31% 0.00% +0.31% $191M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
QQQ 0.66% 1.41% -0.74% $405M
XLK 0.02% 0.70% -0.68% $10M
IGV 0.00% 0.66% -0.66% $1M
SNOW 0.01% 0.52% -0.51% $4M
TMO 0.01% 0.49% -0.48% $5M
IWF 0.45% 0.90% -0.45% $275M
UNH 0.01% 0.45% -0.44% $7M
MCK 0.01% 0.40% -0.40% $5M
ABC 0.01% 0.38% -0.38% $3M
INTU 0.01% 0.39% -0.38% $6M
AON 0.06% 0.43% -0.37% $34M
ASML 0.01% 0.38% -0.37% $5M
HOOD 0.06% 0.41% -0.36% $34M
DHI 0.01% 0.35% -0.35% $3M
CVNA 0.20% 0.53% -0.33% $123M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 60 $9.5B 15.7%
Large Cap 730 $34.1B 55.9%
Mid Cap 896 $12.3B 20.2%
Small Cap 1,126 $4.4B 7.3%
Micro Cap 557 $589M 1.0%

Portfolio Analytics

Avg Market Cap
$26.3B
Median Market Cap
$2.0B
Avg P/E
32.5
Median P/E
19.6
Avg Dividend Yield
0.02%
Avg Beta
1.06
# Stocks
3,000
# ETFs / Funds
369

Top Holdings (3,369 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SPY 1.12% 1,021,373 $680M $666.18 -$35M -136,225 -11.8%
2 XLF 0.96% 10,814,100 $583M $53.87 $485M +8,945,030 +478.6%
3 XLP 0.80% 6,247,272 $490M $78.37 $342M +4,423,172 +242.5%
4 VUG 0.68% 866,100 $415M $479.61 -$42M -176,800 -16.9%
5 QQQ 0.66% 673,858 $405M $600.37 -$334M -665,875 -49.7%
6 QUAL 0.62% 1,931,800 $376M $194.50 $199M +964,500 +99.7%
7 IVV 0.55% 500,700 $335M $669.30 -$16M -64,000 -11.3%
8 PLTR 0.48% 1,590,488 $290M $182.42 $17M -410,438 -20.5%
9 MU 0.47% 1,705,132 $285M $167.32 $221M +1,180,317 +224.9%
10 IWF 0.45% 586,857 $275M $468.41 -$198M -527,243 -47.3%
11 LMT 0.45% 549,482 $274M $499.21 $72M +113,378 +26.0%
12 ALNY 0.45% 595,926 $272M $456.00 $160M +252,621 +73.6%
13 YNDX 0.44% 2,409,665 $271M $112.27 $266M +2,336,669 +3201.1%
14 NVDA 0.44% 1,448,107 $270M $186.58 -$29M -445,487 -23.5%
15 MSFT 0.44% 515,209 $267M $517.95 $3M -14,382 -2.7%
16 AMZN 0.44% 1,213,105 $266M $219.57 -$24M -111,936 -8.4%
17 NET 0.44% 1,236,964 $265M $214.59 -$2M -126,250 -9.3%
18 REGN 0.43% 469,903 $264M $562.27 $2M -29,925 -6.0%
19 USMV 0.43% 2,733,400 $260M $95.14 $57M +565,200 +26.1%
20 BAC 0.42% 4,959,245 $256M $51.59 $18M -72,628 -1.4%
21 META 0.42% 345,324 $254M $734.38 $48M +66,470 +23.8%
22 JPM 0.41% 800,703 $253M $315.43 $196M +606,025 +311.3%
23 GEV 0.41% 410,503 $252M $614.90 $10M -48,551 -10.6%
24 TSLA 0.41% 560,985 $249M $444.72 $105M +107,425 +23.7%
25 KRE 0.41% 3,919,400 $248M $63.30 $53M +626,836 +19.0%
26 WMT 0.41% 2,406,858 $248M $103.06 $233M +2,255,971 +1495.1%
27 ADBE 0.41% 702,326 $248M $352.75 -$11M +33,688 +5.0%
28 ALAB 0.41% 1,263,510 $247M $195.80 $175M +464,224 +58.1%
29 BSX 0.41% 2,531,581 $247M $97.63 -$18M +65,205 +2.6%
30 NU 0.41% 15,424,872 $247M $16.01 $149M +8,265,475 +115.5%
31 RIVN 0.40% 16,794,685 $247M $14.68 $49M +2,395,584 +16.6%
32 ISRG 0.40% 551,017 $246M $447.23 $29M +150,146 +37.5%
33 IBKR 0.40% 3,575,453 $246M $68.81 $79M +552,725 +18.3%
34 BMY 0.40% 5,453,357 $246M $45.10 $206M +4,588,601 +530.6%
35 SCHW 0.40% 2,555,620 $244M $95.47 -$15M -288,306 -10.1%
36 NFLX 0.40% 203,190 $244M $1,198.92 -$45M -12,026 -5.6%
37 UNP 0.40% 1,029,076 $243M $236.37 $9M +9,544 +0.9%
38 AMD 0.40% 1,501,331 $243M $161.79 $237M +1,456,403 +3241.6%
39 HON 0.40% 1,153,754 $243M $210.50 $192M +933,694 +424.3%
40 SPLG 0.40% 3,083,300 $242M $78.34 $66M +664,300 +27.5%
41 TSM 0.40% 864,427 $241M $279.29 $232M +823,371 +2005.5%
42 IREN 0.40% 5,143,276 $241M $46.93 $228M +4,207,667 +449.7%
43 TMUS 0.40% 1,007,577 $241M $239.38 -$3M -16,609 -1.6%
44 TJX 0.39% 1,660,004 $240M $144.54 $237M +1,634,417 +6387.7%
45 DIA 0.39% 517,080 $240M $463.74 $237M +511,430 +9051.9%
46 GOOGL 0.39% 968,128 $235M $243.10 -$15M -454,015 -31.9%
47 CRM 0.39% 991,388 $235M $237.00 -$36M -1,999 -0.2%
48 RBLX 0.39% 1,693,356 $235M $138.52 -$27M -788,667 -31.8%
49 ACN 0.38% 948,139 $234M $246.60 $233M +944,639 +26989.7%
50 SOFI 0.38% 8,799,706 $232M $26.42 -$27M -5,441,879 -38.2%
51 CB 0.38% 823,631 $232M $282.25 $8M +50,205 +6.5%
52 COST 0.38% 250,898 $232M $925.63 $477K +16,781 +7.2%
53 ABNB 0.38% 1,900,674 $231M $121.42 $37M +432,993 +29.5%
54 AAPL 0.38% 904,421 $230M $254.63 -$58M -500,068 -35.6%
55 WM 0.38% 1,039,329 $230M $220.83 $16M +106,005 +11.4%
56 PGR 0.38% 928,549 $229M $246.95 $142M +603,208 +185.4%
57 TEAM 0.37% 1,422,523 $227M $159.70 -$25M +182,548 +14.7%
58 MA 0.37% 396,092 $225M $568.81 -$37M -71,295 -15.2%
59 GDDY 0.37% 1,631,100 $223M $136.83 $76M +814,360 +99.7%
60 WCN 0.36% 1,263,918 $222M $175.80 $42M +301,389 +31.3%
61 ODFL 0.36% 1,576,470 $222M $140.78 $187M +1,362,697 +637.5%
62 MMC 0.36% 1,100,141 $222M $201.53 $5M +106,857 +10.8%
63 QCOM 0.36% 1,325,524 $221M $166.36 -$10M -122,258 -8.4%
64 SE 0.36% 1,231,986 $220M $178.73 -$42M -409,427 -24.9%
65 VLO 0.36% 1,283,669 $219M $170.26 $190M +1,068,080 +495.4%
66 FI 0.36% 1,694,251 $218M $128.93 $163M +1,374,243 +429.4%
67 ROKU 0.36% 2,173,204 $218M $100.13 $187M +1,825,651 +525.3%
68 ARGX 0.36% 294,160 $217M $737.56 $193M +250,278 +570.3%
69 GM 0.36% 3,549,170 $216M $60.97 $177M +2,757,695 +348.4%
70 PG 0.35% 1,397,729 $215M $153.65 $73M +505,669 +56.7%
71 CLX 0.35% 1,740,175 $215M $123.30 $58M +439,797 +33.8%
72 RSG 0.35% 934,096 $214M $229.48 -$17M -5,074 -0.5%
73 GS 0.35% 269,070 $214M $796.35 $78M +76,109 +39.4%
74 HLT 0.35% 820,991 $213M $259.44 $196M +758,930 +1222.9%
75 DHR 0.34% 1,055,277 $209M $198.26 -$26M -134,402 -11.3%
76 CTAS 0.34% 1,016,671 $209M $205.26 $205M +998,963 +5641.3%
77 CMCSA 0.34% 6,556,098 $206M $31.42 $190M +6,105,867 +1356.2%
78 SYK 0.34% 554,353 $205M $369.67 $15M +73,810 +15.4%
79 LRCX 0.34% 1,527,072 $204M $133.90 $175M +1,223,184 +402.5%
80 VTI 0.33% 620,264 $204M $328.17 $52M +121,819 +24.4%
81 AEP 0.33% 1,771,231 $199M $112.50 $85M +665,720 +60.2%
82 MS 0.32% 1,234,969 $196M $158.96 $127M +741,651 +150.3%
83 V 0.32% 575,034 $196M $341.38 -$7M +3,541 +0.6%
84 MRNA 0.32% 7,529,981 $194M $25.83 $2M +570,773 +8.2%
85 MELI 0.32% 83,129 $194M $2,336.94 -$29M -2,403 -2.8%
86 CRDO 0.32% 1,333,824 $194M $145.61 $52M -199,541 -13.0%
87 ANET 0.32% 1,331,525 $194M $145.71 $33M -246,417 -15.6%
88 CAT 0.32% 403,727 $193M $477.15 $137M +259,526 +180.0%
89 AER 0.32% 1,586,800 $192M $121.00 $68M +528,315 +49.9%
90 LNG 0.31% 816,028 $192M $234.98 $62M +285,062 +53.7%
91 BRK-B 0.31% 379,096 $191M $502.74 +379,096 NEW
92 LHX 0.31% 614,287 $188M $305.41 $164M +521,312 +560.7%
93 ON 0.30% 3,749,751 $185M $49.31 $158M +3,240,375 +636.1%
94 SNAP 0.30% 23,913,420 $184M $7.71 $58M +9,420,545 +65.0%
95 INTC 0.30% 5,439,082 $182M $33.55 $71M +483,339 +9.8%
96 HEI 0.30% 558,661 $180M $322.82 -$2M +3,166 +0.6%
97 MPC 0.30% 932,805 $180M $192.74 $154M +775,578 +493.3%
98 CELH 0.29% 3,076,031 $177M $57.49 $172M +2,967,107 +2724.0%
99 NDAQ 0.29% 1,993,853 $176M $88.45 $17M +209,245 +11.7%
100 GIS 0.28% 3,415,818 $172M $50.42 $75M +1,546,993 +82.8%

Options Breakdown

111 Calls $393M Call Value 169 Puts $1.6B Put Value 4.17 P/C Ratio

Top Calls

SymbolSharesValueStatus
QQQ 283,400 $170M NEW
SPY 99,800 $66M NEW
NVDA 54,600 $10M NEW
UBER 92,000 $9M
JNJ 48,500 $9M NEW
PLTR 47,000 $9M NEW
TSLA 13,000 $6M NEW
XOM 50,000 $6M NEW
HOOD 38,000 $5M NEW
AAPL 20,000 $5M NEW

Top Puts

SymbolSharesValueStatus
QQQ 279,700 $168M NEW
CCL 4,023,200 $116M
STX 385,200 $91M
MSTR 274,000 $88M
GME 3,129,000 $85M
MARA 4,585,400 $84M
RIVN 5,679,400 $83M
LITE 506,800 $82M
MP 1,205,500 $81M
SPY 99,800 $66M NEW

New Positions

SymbolValue% Port
BRK-B $191M 0.31%
DE $144M 0.24%
PYPL $98M 0.16%
SO $96M 0.16%
ZM $87M 0.14%
XLY $84M 0.14%
FIG $78M 0.13%
APLD $70M 0.11%
WELL $69M 0.11%
KEY $67M 0.11%
TTAN $59M 0.10%
RUN $52M 0.08%
EL $51M 0.08%
NBIX $49M 0.08%
GLD $42M 0.07%

Sold Out Positions

SymbolValue% Port
ABT —%
AMP —%
YETI —%
FINV —%
RYAN —%
ATI —%
NXRT —%
WWW —%
HLIO —%
D —%
RYAM —%
ARE —%
YPF —%
WTRG —%
CEPU —%
View SEC EDGAR Filings for TWO SIGMA INVESTMENTS, LP →

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