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TWO SIGMA ADVISERS, LP

Q3 2025 · Filed 2025-11-14
Market Value
$49.5B
+2.5%
Holdings
2,590
+76
New Purchases
361
Added To
902
Closed
363
Reduced
958
Top 10 Concentration
19.3%
Turnover
28.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
JPM 1.56% 0.19% +1.36% $769M
WMT 1.12% 0.05% +1.07% $555M
META 1.34% 0.40% +0.95% $665M
MU 0.82% 0.00% +0.82% $405M
JNJ 0.88% 0.13% +0.75% $435M
PGR 0.76% 0.08% +0.68% $375M
ALNY 0.82% 0.18% +0.64% $407M
UNP 0.76% 0.20% +0.56% $374M
YNDX 0.52% 0.01% +0.51% $257M
ISRG 1.16% 0.65% +0.50% $572M
CB 0.72% 0.25% +0.47% $357M
TJX 0.42% 0.00% +0.42% $209M
NET 0.67% 0.28% +0.38% $329M
HON 0.42% 0.04% +0.38% $206M
AMD 0.36% 0.00% +0.36% $180M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SNOW 0.22% 1.20% -0.98% $109M
GOOGL 0.78% 1.66% -0.88% $386M
ABC 0.05% 0.90% -0.85% $24M
INTU 0.01% 0.70% -0.69% $5M
MSCI 0.28% 0.97% -0.68% $140M
DHR 0.12% 0.71% -0.59% $57M
NKE 0.21% 0.80% -0.59% $102M
CRM 0.63% 1.22% -0.59% $311M
CVNA 0.60% 1.17% -0.57% $296M
CME 0.50% 1.05% -0.55% $248M
MRK 0.39% 0.93% -0.54% $195M
AON 0.00% 0.54% -0.54% $0
JNPR 0.00% 0.51% -0.51% $0
UNH 0.00% 0.49% -0.49% $414K
MCK 0.02% 0.45% -0.43% $12M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 54 $16.0B 32.3%
Large Cap 591 $24.2B 48.9%
Mid Cap 756 $6.8B 13.7%
Small Cap 884 $2.3B 4.6%
Micro Cap 305 $244M 0.5%

Portfolio Analytics

Avg Market Cap
$30.0B
Median Market Cap
$2.5B
Avg P/E
32.0
Median P/E
19.4
Avg Dividend Yield
0.03%
Avg Beta
1.06
# Stocks
2,583
# ETFs / Funds
7

Top Holdings (2,590 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 3.10% 8,217,400 $1.5B $186.58 $54M -1,144,400 -12.2%
2 MSFT 3.07% 2,927,500 $1.5B $517.95 $48M -23,800 -0.8%
3 AAPL 2.82% 5,472,600 $1.4B $254.63 $84M -909,700 -14.2%
4 AMZN 2.16% 4,868,520 $1.1B $219.57 $3M +11,400 +0.2%
5 JPM 1.56% 2,439,100 $769M $315.43 $675M +2,114,800 +652.1%
6 PLTR 1.37% 3,706,300 $676M $182.42 $110M -445,400 -10.7%
7 NFLX 1.35% 558,100 $669M $1,198.92 -$27M +38,200 +7.3%
8 META 1.34% 905,600 $665M $734.38 $473M +645,500 +248.2%
9 BAC 1.28% 12,307,200 $635M $51.59 $50M -52,600 -0.4%
10 MA 1.27% 1,102,200 $627M $568.81 -$34M -74,100 -6.3%
11 COST 1.20% 640,500 $593M $925.63 -$38M +3,200 +0.5%
12 LMT 1.19% 1,181,400 $590M $499.21 $114M +154,100 +15.0%
13 ISRG 1.16% 1,278,400 $572M $447.23 $257M +699,100 +120.7%
14 ADBE 1.15% 1,612,800 $569M $352.75 $86K +142,500 +9.7%
15 SCHW 1.15% 5,958,895 $569M $95.47 $54M +314,600 +5.6%
16 WMT 1.12% 5,384,800 $555M $103.06 $531M +5,138,001 +2081.9%
17 GEV 1.07% 861,400 $530M $614.90 $164M +170,221 +24.6%
18 BSX 1.05% 5,339,760 $521M $97.63 -$34M +169,800 +3.3%
19 REGN 1.05% 926,200 $521M $562.27 $28M -12,300 -1.3%
20 TMUS 1.05% 2,169,387 $519M $239.38 $33M +127,018 +6.2%
21 ABNB 0.91% 3,720,900 $452M $121.42 $81M +922,300 +33.0%
22 JNJ 0.88% 2,346,243 $435M $185.42 $371M +1,927,200 +459.9%
23 ALNY 0.82% 892,500 $407M $456.00 $320M +626,400 +235.4%
24 MU 0.82% 2,422,000 $405M $167.32 $405M +2,419,000 +80633.3%
25 RBLX 0.81% 2,894,800 $401M $138.52 -$129M -2,141,700 -42.5%
26 GOOGL 0.78% 1,585,800 $386M $243.10 -$416M -2,961,300 -65.1%
27 PGR 0.76% 1,519,600 $375M $246.95 $337M +1,376,000 +958.2%
28 UNP 0.76% 1,582,701 $374M $236.37 $280M +1,172,000 +285.4%
29 QCOM 0.74% 2,202,400 $366M $166.36 -$19M -219,500 -9.1%
30 TSLA 0.74% 818,393 $364M $444.72 $72M -100,800 -11.0%
31 CB 0.72% 1,264,013 $357M $282.25 $234M +839,300 +197.6%
32 CPNG 0.69% 10,526,600 $339M $32.20 -$13M -1,231,000 -10.5%
33 NET 0.67% 1,534,300 $329M $214.59 $192M +834,400 +119.2%
34 CRM 0.63% 1,314,300 $311M $237.00 -$276M -840,000 -39.0%
35 PG 0.63% 2,017,000 $310M $153.65 $153M +1,034,500 +105.3%
36 DASH 0.62% 1,126,600 $306M $271.99 -$50M -317,600 -22.0%
37 CVNA 0.60% 785,835 $296M $377.24 -$270M -895,400 -53.3%
38 GDDY 0.59% 2,145,000 $294M $136.83 $151M +1,354,300 +171.3%
39 IBKR 0.58% 4,192,800 $289M $68.81 $101M +813,900 +24.1%
40 TEAM 0.56% 1,737,200 $277M $159.70 -$133M -283,400 -14.0%
41 WCN 0.54% 1,527,750 $269M $175.80 $74M +484,200 +46.4%
42 MMC 0.53% 1,309,700 $264M $201.53 $170M +879,300 +204.3%
43 GM 0.53% 4,306,400 $263M $60.97 $125M +1,520,000 +54.5%
44 YNDX 0.52% 2,286,600 $257M $112.27 $254M +2,230,000 +3939.9%
45 MPC 0.51% 1,302,100 $251M $192.74 $121M +517,500 +66.0%
46 CLX 0.51% 2,034,600 $251M $123.30 $164M +1,310,100 +180.8%
47 CAT 0.51% 525,300 $251M $477.15 $129M +212,600 +68.0%
48 HUBS 0.50% 529,400 $248M $467.80 $7M +96,485 +22.3%
49 CME 0.50% 916,200 $248M $270.19 -$260M -925,216 -50.2%
50 AER 0.46% 1,863,900 $226M $121.00 $85M +662,800 +55.2%
51 BE 0.45% 2,641,734 $223M $84.57 $119M -1,725,400 -39.5%
52 SOFI 0.45% 8,394,200 $222M $26.42 $65M -226,400 -2.6%
53 SE 0.44% 1,228,100 $219M $178.73 -$85M -678,200 -35.6%
54 ALAB 0.43% 1,095,600 $215M $195.80 $162M +518,000 +89.7%
55 BMY 0.43% 4,721,300 $213M $45.10 $161M +3,603,800 +322.5%
56 FNV 0.43% 952,102 $212M $222.91 $46M -59,698 -5.9%
57 RIVN 0.42% 14,280,100 $210M $14.68 $2M -839,600 -5.5%
58 TJX 0.42% 1,447,098 $209M $144.54 +1,447,098 NEW
59 HON 0.42% 980,100 $206M $210.50 $187M +897,700 +1089.4%
60 NU 0.41% 12,746,000 $204M $16.01 $175M +10,642,900 +506.1%
61 CRDO 0.41% 1,392,300 $203M $145.61 $94M +221,600 +18.9%
62 MRK 0.39% 2,320,900 $195M $83.93 -$255M -3,357,700 -59.1%
63 LNG 0.39% 820,200 $193M $234.98 -$82M -306,900 -27.2%
64 VLO 0.38% 1,092,600 $186M $170.26 $125M +641,700 +142.3%
65 INTC 0.37% 5,441,450 $183M $33.55 $118M +2,539,300 +87.5%
66 ZS 0.37% 604,100 $181M $299.66 -$180M -547,200 -47.5%
67 AMD 0.36% 1,112,940 $180M $161.79 +1,112,940 NEW
68 W 0.36% 1,998,800 $179M $89.33 $87M +211,000 +11.8%
69 ODFL 0.36% 1,260,400 $177M $140.78 $160M +1,152,300 +1066.0%
70 CAG 0.36% 9,642,900 $177M $18.31 $48M +3,354,300 +53.3%
71 ACN 0.36% 715,200 $176M $246.60 $172M +699,000 +4314.8%
72 LRCX 0.36% 1,316,200 $176M $133.90 $143M +972,800 +283.3%
73 MRNA 0.35% 6,772,900 $175M $25.83 -$41M -1,042,800 -13.3%
74 LHX 0.34% 545,500 $167M $305.41 $161M +524,900 +2548.1%
75 MS 0.33% 1,023,836 $163M $158.96 $161M +1,012,100 +8623.9%
76 SJM 0.33% 1,496,592 $163M $108.60 +1,496,592 NEW
77 LLY 0.33% 213,000 $163M $763.00 $144M +189,500 +806.4%
78 HEI 0.32% 494,678 $160M $322.82 $18M +63,200 +14.7%
79 CNC 0.32% 4,442,692 $159M $35.68 -$19M +1,173,416 +35.9%
80 RSG 0.32% 690,600 $158M $229.48 $12M +96,400 +16.2%
81 ROKU 0.32% 1,581,800 $158M $100.13 $156M +1,551,000 +5035.7%
82 AVGO 0.31% 467,010 $154M $329.91 $59M +120,300 +34.7%
83 ADC 0.31% 2,165,887 $154M $71.04 -$2M +27,700 +1.3%
84 FTNT 0.30% 1,792,320 $151M $84.08 -$43M -42,000 -2.3%
85 ANET 0.29% 997,700 $145M $145.71 -$53M -946,100 -48.7%
86 AAL 0.29% 12,859,900 $145M $11.24 $48M +4,230,600 +49.0%
87 NDAQ 0.29% 1,630,100 $144M $88.45 -$18M -182,400 -10.1%
88 COP 0.29% 1,506,678 $143M $94.59 -$41M -532,800 -26.1%
89 MSCI 0.28% 247,500 $140M $567.41 -$327M -562,800 -69.5%
90 IONS 0.27% 2,073,111 $136M $65.42 $30M -594,500 -22.3%
91 MARA 0.27% 7,419,754 $135M $18.26 +7,419,754 NEW
92 CPB 0.27% 4,267,400 $135M $31.58 $89M +2,760,600 +183.2%
93 GH 0.27% 2,112,800 $132M $62.48 $8M -269,000 -11.3%
94 RDDT 0.26% 560,600 $129M $229.99 -$62M -706,000 -55.7%
95 BBD 0.26% 38,026,420 $129M $3.38 -$9M -6,427,700 -14.5%
96 ON 0.26% 2,581,100 $127M $49.31 $35M +820,300 +46.6%
97 GS 0.25% 153,200 $122M $796.35 $63M +69,130 +82.2%
98 VEEV 0.24% 402,000 $120M $297.91 -$111M -399,000 -49.8%
99 CHWY 0.23% 2,846,000 $115M $40.45 -$27M -495,000 -14.8%
100 MOS 0.23% 3,297,500 $114M $34.68 -$26M -542,900 -14.1%

New Positions

SymbolValue% Port
TJX $209M 0.42%
AMD $180M 0.36%
SJM $163M 0.33%
MARA $135M 0.27%
DE $77M 0.16%
CELH $73M 0.15%
CTAS $72M 0.15%
TTD $53M 0.11%
IREN $50M 0.10%
WDC $50M 0.10%
RUN $42M 0.08%
AMT $41M 0.08%
DNN $38M 0.08%
DPZ $37M 0.07%
FOXA $34M 0.07%

Sold Out Positions

SymbolValue% Port
BDX —%
UAMY —%
AAP —%
HRB —%
AMP —%
IBP —%
ARCO —%
AP —%
AIR —%
TMHC —%
AN —%
DY —%
UBER —%
FINV —%
QXO —%
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