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Asset Manager ← All Institutions

TWO SIGMA ADVISERS, LP

Q2 2025 · Filed 2025-08-14
Market Value
$48.3B
+10.2%
Holdings
2,514
-14
New Purchases
248
Added To
844
Closed
285
Reduced
1,118
Top 10 Concentration
19.2%
Turnover
21.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NFLX 1.44% 0.44% +1.00% $696M
TMUS 1.01% 0.05% +0.96% $487M
MSFT 3.04% 2.17% +0.87% $1.5B
COST 1.31% 0.50% +0.81% $631M
NKE 0.80% 0.01% +0.79% $384M
PLTR 1.17% 0.43% +0.74% $566M
CVNA 1.17% 0.52% +0.66% $567M
GEV 0.76% 0.14% +0.62% $366M
TEAM 0.85% 0.25% +0.60% $410M
AON 0.54% 0.00% +0.54% $258M
INTU 0.70% 0.17% +0.53% $336M
DUOL 0.64% 0.12% +0.51% $307M
UNH 0.49% 0.00% +0.49% $237M
CPNG 0.73% 0.28% +0.45% $352M
SE 0.63% 0.21% +0.42% $305M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AVGO 0.20% 1.48% -1.29% $96M
CSCO 0.09% 0.85% -0.76% $43M
AMGN 0.00% 0.71% -0.71% $1M
FTNT 0.40% 0.99% -0.58% $194M
NVO 0.20% 0.77% -0.57% $96M
NOC 0.46% 0.99% -0.53% $221M
CMCSA 0.08% 0.51% -0.43% $38M
MRVL 0.01% 0.43% -0.42% $3M
ICE 0.30% 0.72% -0.42% $144M
DASH 0.74% 1.12% -0.39% $356M
LHX 0.01% 0.38% -0.37% $5M
LNG 0.57% 0.92% -0.36% $274M
GD 0.12% 0.47% -0.35% $58M
AMD 0.00% 0.35% -0.35% $0
META 0.40% 0.75% -0.35% $192M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 54 $13.0B 27.0%
Large Cap 606 $26.2B 54.3%
Mid Cap 728 $6.7B 14.0%
Small Cap 859 $2.1B 4.3%
Micro Cap 267 $204M 0.4%

Portfolio Analytics

Avg Market Cap
$31.3B
Median Market Cap
$2.7B
Avg P/E
31.9
Median P/E
19.4
Avg Dividend Yield
0.03%
Avg Beta
1.05
# Stocks
2,505
# ETFs / Funds
9

Top Holdings (2,514 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 3.06% 9,361,800 $1.5B $157.99 $314M -1,390,200 -12.9%
2 MSFT 3.04% 2,951,300 $1.5B $497.41 $517M +417,500 +16.5%
3 AAPL 2.71% 6,382,300 $1.3B $205.17 -$3M +471,600 +8.0%
4 AMZN 2.21% 4,857,120 $1.1B $219.39 $212M +372,300 +8.3%
5 GOOGL 1.66% 4,547,100 $801M $176.23 $97M -4,900 -0.1%
6 NFLX 1.44% 519,900 $696M $1,339.13 $504M +314,200 +152.8%
7 MA 1.37% 1,176,300 $661M $561.94 $39M +42,200 +3.7%
8 COST 1.31% 637,300 $631M $989.94 $411M +404,900 +174.2%
9 CRM 1.22% 2,154,300 $587M $272.69 $150M +524,300 +32.2%
10 BAC 1.21% 12,359,800 $585M $47.32 $134M +1,547,200 +14.3%
11 SNOW 1.20% 2,577,600 $577M $223.77 $109M -624,300 -19.5%
12 ADBE 1.18% 1,470,300 $569M $386.88 $38M +87,400 +6.3%
13 CVNA 1.17% 1,681,235 $567M $336.96 $340M +597,500 +55.1%
14 PLTR 1.17% 4,151,700 $566M $136.32 $376M +1,895,200 +84.0%
15 BSX 1.15% 5,169,960 $555M $107.41 $131M +964,000 +22.9%
16 RBLX 1.10% 5,036,500 $530M $105.20 $102M -2,297,000 -31.3%
17 SCHW 1.07% 5,644,295 $515M $91.24 $134M +772,200 +15.8%
18 CME 1.05% 1,841,416 $508M $275.62 -$23M -156,784 -7.8%
19 REGN 1.02% 938,500 $493M $525.00 $141M +384,700 +69.5%
20 TMUS 1.01% 2,042,369 $487M $238.26 $465M +1,960,621 +2398.4%
21 LMT 0.99% 1,027,300 $476M $463.14 -$43M -135,000 -11.6%
22 MSCI 0.97% 810,300 $467M $576.74 $36M +47,600 +6.2%
23 MRK 0.93% 5,678,600 $450M $79.16 $154M +2,390,000 +72.7%
24 ABC 0.90% 1,445,700 $433M $299.85 -$27M -209,100 -12.6%
25 TEAM 0.85% 2,020,600 $410M $203.09 $299M +1,496,300 +285.4%
26 QCOM 0.80% 2,421,900 $386M $159.26 -$9M -145,300 -5.7%
27 NKE 0.80% 5,406,200 $384M $71.04 $380M +5,340,000 +8066.5%
28 ABNB 0.77% 2,798,600 $370M $132.34 $97M +508,100 +22.2%
29 GEV 0.76% 691,179 $366M $529.15 $305M +493,679 +250.0%
30 ZS 0.75% 1,151,300 $361M $313.94 $219M +432,800 +60.2%
31 DASH 0.74% 1,444,200 $356M $246.51 -$136M -1,249,700 -46.4%
32 CPNG 0.73% 11,757,600 $352M $29.96 $230M +6,205,200 +111.8%
33 DHR 0.71% 1,726,600 $341M $197.54 -$57M -213,100 -11.0%
34 INTU 0.70% 426,700 $336M $787.63 $261M +305,200 +251.2%
35 ISRG 0.65% 579,300 $315M $543.41 -$32M -120,600 -17.2%
36 DUOL 0.64% 747,600 $307M $410.02 $254M +577,800 +340.3%
37 SE 0.63% 1,906,300 $305M $159.94 $214M +1,211,100 +174.2%
38 TSLA 0.61% 919,193 $292M $317.66 -$80M -514,900 -35.9%
39 HOOD 0.58% 2,987,200 $280M $93.63 $39M -2,784,300 -48.2%
40 LNG 0.57% 1,127,100 $274M $243.52 -$131M -623,138 -35.6%
41 AON 0.54% 724,400 $258M $356.76 +724,400 NEW
42 JNPR 0.51% 6,141,500 $245M $39.93 $32M +250,600 +4.2%
43 HUBS 0.50% 432,915 $241M $556.63 $128M +235,415 +119.2%
44 UNH 0.49% 759,500 $237M $311.97 +759,500 NEW
45 VEEV 0.48% 801,000 $231M $287.98 $84M +166,800 +26.3%
46 EXE 0.47% 1,929,935 $226M $116.94 $135M +1,117,675 +137.6%
47 NOC 0.46% 442,500 $221M $499.98 -$212M -404,400 -47.8%
48 MCK 0.45% 299,300 $219M $732.78 $21M +4,117 +1.4%
49 MRNA 0.45% 7,815,700 $216M $27.59 $108M +4,007,200 +105.2%
50 IT 0.43% 515,600 $208M $404.22 -$12M -9,300 -1.8%
51 RIVN 0.43% 15,119,700 $208M $13.74 $178M +12,730,800 +532.9%
52 ANET 0.41% 1,943,800 $199M $102.31 $26M -282,800 -12.7%
53 WCN 0.40% 1,043,550 $195M $186.72 -$20M -57,400 -5.2%
54 FTNT 0.40% 1,834,320 $194M $105.72 -$238M -2,651,000 -59.1%
55 META 0.40% 260,100 $192M $738.09 -$136M -309,400 -54.3%
56 RDDT 0.40% 1,266,600 $191M $150.57 $106M +459,700 +57.0%
57 HUM 0.39% 767,380 $188M $244.48 -$91M -285,100 -27.1%
58 IBKR 0.39% 3,378,900 $187M $55.41 $47M +2,530,600 +298.3%
59 BTI 0.38% 3,881,700 $184M $47.33 $140M +2,816,500 +264.4%
60 COP 0.38% 2,039,478 $183M $89.74 -$36M -46,900 -2.2%
61 CNC 0.37% 3,269,276 $177M $54.28 -$23M -36,600 -1.1%
62 IQV 0.36% 1,107,300 $174M $157.59 $32M +298,200 +36.9%
63 FNV 0.34% 1,011,800 $166M $163.92 -$18M -157,400 -13.5%
64 NDAQ 0.34% 1,812,500 $162M $89.42 $25M +1,500 +0.1%
65 TMO 0.33% 392,700 $159M $405.46 -$104M -136,500 -25.8%
66 SPOT 0.33% 207,236 $159M $767.34 -$88M -242,464 -53.9%
67 SOFI 0.33% 8,620,600 $157M $18.21 $47M -814,500 -8.6%
68 PG 0.32% 982,500 $157M $159.32 $144M +907,400 +1208.3%
69 ADC 0.32% 2,138,187 $156M $73.06 -$4M +60,500 +2.9%
70 DHI 0.30% 1,139,500 $147M $128.92 $5M +26,700 +2.4%
71 RSG 0.30% 594,200 $147M $246.61 $4M +5,800 +1.0%
72 ICE 0.30% 785,600 $144M $183.47 -$172M -1,046,400 -57.1%
73 0HQN.L 0.30% 614,000 $143M $233.21 $7M +14,200 +2.4%
74 CHWY 0.30% 3,341,000 $142M $42.62 $134M +3,094,400 +1254.8%
75 GDDY 0.30% 790,700 $142M $180.06 $135M +751,100 +1896.7%
76 HEI 0.29% 431,478 $142M $328.00 $29M +9,500 +2.2%
77 AER 0.29% 1,201,100 $141M $117.00 $33M +152,000 +14.5%
78 MOS 0.29% 3,840,400 $140M $36.48 $16M -744,800 -16.2%
79 BABA 0.29% 1,218,700 $138M $113.41 +1,218,700 NEW
80 BBD 0.28% 44,454,120 $137M $3.09 $30M -3,574,500 -7.4%
81 GM 0.28% 2,786,400 $137M $49.21 $62M +1,181,400 +73.6%
82 NET 0.28% 699,900 $137M $195.83 $50M -73,100 -9.5%
83 AEP 0.28% 1,282,900 $133M $103.76 $53M +545,500 +74.0%
84 ESTC 0.27% 1,558,200 $131M $84.33 $72M +889,700 +133.1%
85 MPC 0.27% 784,600 $130M $166.11 $331K -107,700 -12.1%
86 CAG 0.27% 6,288,600 $129M $20.47 -$52M -472,400 -7.0%
87 VRSK 0.26% 399,531 $124M $311.50 -$67M -244,100 -37.9%
88 GH 0.26% 2,381,800 $124M $52.04 $23M +14,000 +0.6%
89 CB 0.25% 424,713 $123M $289.72 $120M +414,213 +3944.9%
90 CAT 0.25% 312,700 $121M $388.21 +312,700 NEW
91 RACE 0.25% 245,600 $121M $490.74 $35M +45,200 +22.6%
92 DG 0.25% 1,040,825 $119M $114.38 -$79M -1,211,074 -53.8%
93 FIVE 0.24% 898,500 $118M $131.18 $86M +469,900 +109.6%
94 VRNS 0.24% 2,274,000 $115M $50.75 $23M +600 +0.0%
95 PNW 0.24% 1,287,900 $115M $89.47 $23M +318,500 +32.9%
96 CRDO 0.22% 1,170,700 $108M $92.59 $71M +246,600 +26.7%
97 UPS 0.22% 1,057,600 $107M $100.94 -$46M -329,500 -23.8%
98 MSI 0.22% 253,200 $106M $420.46 $47M +118,300 +87.7%
99 SYK 0.22% 266,800 $106M $395.63 $69M +168,200 +170.6%
100 IONS 0.22% 2,667,611 $105M $39.51 $42M +575,600 +27.5%

New Positions

SymbolValue% Port
AON $258M 0.54%
UNH $237M 0.49%
BABA $138M 0.29%
CAT $121M 0.25%
APH $90M 0.19%
SAIA $80M 0.16%
GS $60M 0.12%
ONTO $50M 0.10%
UBER $47M 0.10%
MKC $39M 0.08%
TMDX $37M 0.08%
CRWD $34M 0.07%
TCOM $30M 0.06%
VKTX $29M 0.06%
ASML $27M 0.06%

Sold Out Positions

SymbolValue% Port
OGS —%
YUM —%
NVT —%
EXPD —%
ARW —%
FLR —%
ACHR —%
AVTR —%
CMG —%
PSX —%
RBC —%
RYZ —%
MMI —%
ZVIA —%
TRGP —%
View SEC EDGAR Filings for TWO SIGMA ADVISERS, LP →

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