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Asset Manager ← All Institutions

TWO SIGMA ADVISERS, LP

Q4 2025 · Filed 2026-02-17
Market Value
$50.8B
+2.8%
Holdings
2,571
-19
New Purchases
344
Added To
1,004
Closed
341
Reduced
864
Top 10 Concentration
19.1%
Turnover
26.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NOW 0.91% 0.01% +0.90% $460M
AMD 1.22% 0.36% +0.86% $621M
TSM 0.99% 0.22% +0.77% $505M
TJX 0.99% 0.42% +0.57% $504M
F-PD 0.56% 0.04% +0.52% $287M
TSLA 1.23% 0.74% +0.49% $625M
MU 1.31% 0.82% +0.49% $666M
KMB 0.48% 0.00% +0.48% $246M
BMY 0.88% 0.43% +0.45% $446M
AMGN 0.47% 0.03% +0.44% $241M
MSI 0.45% 0.02% +0.43% $227M
TTD 0.51% 0.11% +0.41% $260M
RIVN 0.80% 0.42% +0.38% $407M
V 0.52% 0.15% +0.37% $263M
ROST 0.36% 0.00% +0.36% $184M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
META 0.22% 1.34% -1.13% $110M
BAC 0.17% 1.28% -1.12% $85M
WMT 0.05% 1.12% -1.07% $26M
NFLX 0.37% 1.35% -0.98% $190M
JNJ 0.14% 0.88% -0.74% $73M
QCOM 0.01% 0.74% -0.73% $7M
COST 0.57% 1.20% -0.63% $288M
GEV 0.45% 1.07% -0.62% $231M
DASH 0.02% 0.62% -0.60% $10M
CRM 0.04% 0.63% -0.59% $20M
MSFT 2.54% 3.07% -0.52% $1.3B
YNDX 0.00% 0.52% -0.52% $0
CPNG 0.27% 0.69% -0.42% $135M
CRDO 0.00% 0.41% -0.41% $2M
MRK 0.00% 0.39% -0.39% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 52 $14.4B 28.3%
Large Cap 589 $26.2B 51.6%
Mid Cap 739 $7.5B 14.7%
Small Cap 871 $2.5B 4.9%
Micro Cap 320 $209M 0.4%

Portfolio Analytics

Avg Market Cap
$30.0B
Median Market Cap
$2.5B
Avg P/E
32.2
Median P/E
19.3
Avg Dividend Yield
0.02%
Avg Beta
1.07
# Stocks
2,565
# ETFs / Funds
6

Top Holdings (2,571 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 3.29% 8,951,900 $1.7B $186.50 $136M +734,500 +8.9%
2 AAPL 3.15% 5,896,700 $1.6B $271.86 $210M +424,100 +7.8%
3 MSFT 2.54% 2,673,180 $1.3B $483.62 -$223M -254,320 -8.7%
4 AMZN 2.26% 4,979,120 $1.1B $230.82 $80M +110,600 +2.3%
5 JPM 1.40% 2,204,020 $710M $322.22 -$59M -235,080 -9.6%
6 MA 1.38% 1,227,980 $701M $570.88 $74M +125,780 +11.4%
7 MU 1.31% 2,331,800 $666M $285.41 $260M -90,200 -3.7%
8 PLTR 1.29% 3,674,200 $653M $177.75 -$23M -32,100 -0.9%
9 SCHW 1.24% 6,283,895 $628M $99.91 $59M +325,000 +5.5%
10 TSLA 1.23% 1,389,973 $625M $449.72 $261M +571,580 +69.8%
11 AMD 1.22% 2,900,140 $621M $214.16 $441M +1,787,200 +160.6%
12 ISRG 1.19% 1,066,560 $604M $566.36 $32M -211,840 -16.6%
13 BSX 1.18% 6,298,460 $601M $95.35 $79M +958,700 +17.9%
14 LMT 1.16% 1,223,160 $592M $483.67 $2M +41,760 +3.5%
15 ADBE 1.15% 1,668,528 $584M $349.99 $15M +55,728 +3.5%
16 TMUS 1.13% 2,827,787 $574M $203.04 $55M +658,400 +30.4%
17 PGR 1.10% 2,457,800 $560M $227.72 $184M +938,200 +61.7%
18 RBLX 1.04% 6,507,141 $527M $81.03 $126M +3,612,341 +124.8%
19 TSM 0.99% 1,662,600 $505M $303.89 $394M +1,266,000 +319.2%
20 TJX 0.99% 3,282,598 $504M $153.61 $295M +1,835,500 +126.8%
21 ABNB 0.99% 3,706,100 $503M $135.72 $51M -14,800 -0.4%
22 REGN 0.92% 604,540 $467M $771.87 -$54M -321,660 -34.7%
23 NET 0.91% 2,340,000 $461M $197.15 $132M +805,700 +52.5%
24 NOW 0.91% 3,003,780 $460M $153.19 $456M +2,999,480 +69755.4%
25 ALNY 0.89% 1,132,560 $450M $397.65 $43M +240,060 +26.9%
26 BMY 0.88% 8,270,200 $446M $53.94 $233M +3,548,900 +75.2%
27 RIVN 0.80% 20,659,520 $407M $19.71 $198M +6,379,420 +44.7%
28 GM 0.79% 4,906,915 $399M $81.32 $136M +600,515 +13.9%
29 UNP 0.66% 1,446,501 $335M $231.32 -$39M -136,200 -8.6%
30 GOOGL 0.64% 1,041,896 $326M $313.00 -$59M -543,904 -34.3%
31 GDDY 0.64% 2,604,900 $323M $124.08 $30M +459,900 +21.4%
32 IBKR 0.58% 4,597,600 $296M $64.31 $7M +404,800 +9.7%
33 LRCX 0.57% 1,682,400 $288M $171.18 $112M +366,200 +27.8%
34 COST 0.57% 333,400 $288M $862.34 -$305M -307,100 -48.0%
35 F-PD 0.56% 21,873,800 $287M $13.12 $265M +20,015,100 +1076.8%
36 NU 0.54% 16,269,800 $272M $16.74 $68M +3,523,800 +27.6%
37 SOFI 0.53% 10,310,600 $270M $26.18 $48M +1,916,400 +22.8%
38 WCN 0.53% 1,522,150 $267M $175.36 -$2M -5,600 -0.4%
39 V 0.52% 749,460 $263M $350.71 $189M +533,660 +247.3%
40 TTD 0.51% 6,860,400 $260M $37.96 $208M +5,781,600 +535.9%
41 AER 0.51% 1,802,200 $259M $143.76 $34M -61,700 -3.3%
42 RSG 0.49% 1,176,300 $249M $211.93 $91M +485,700 +70.3%
43 KMB 0.48% 2,442,100 $246M $100.89 +2,442,100 NEW
44 MMC 0.48% 1,312,200 $243M $185.52 -$21M +2,500 +0.2%
45 GH 0.48% 2,382,300 $243M $102.14 $111M +269,500 +12.8%
46 CTAS 0.48% 1,284,000 $241M $188.07 $169M +932,400 +265.2%
47 IONS 0.48% 3,052,111 $241M $79.11 $106M +979,000 +47.2%
48 AMGN 0.47% 735,880 $241M $327.31 $224M +674,680 +1102.4%
49 GEV 0.45% 353,780 $231M $653.57 -$298M -507,620 -58.9%
50 CB 0.45% 733,693 $229M $312.12 -$128M -530,320 -42.0%
51 MRNA 0.45% 7,729,700 $228M $29.49 $53M +956,800 +14.1%
52 MSI 0.45% 591,240 $227M $383.32 $216M +568,940 +2551.3%
53 MPC 0.44% 1,361,200 $221M $162.63 -$30M +59,100 +4.5%
54 W 0.41% 2,056,700 $207M $100.41 $28M +57,900 +2.9%
55 MSCI 0.39% 341,040 $196M $573.73 $55M +93,540 +37.8%
56 SNDK 0.38% 816,000 $194M $237.38 $182M +716,000 +716.0%
57 ANET 0.38% 1,476,800 $194M $131.03 $48M +479,100 +48.0%
58 INTC 0.38% 5,212,150 $192M $36.90 $10M -229,300 -4.2%
59 TEAM 0.38% 1,176,100 $191M $162.14 -$87M -561,100 -32.3%
60 NFLX 0.37% 2,029,230 $190M $93.76 -$479M +1,471,130 +263.6%
61 MS 0.37% 1,069,000 $190M $177.53 $27M +45,164 +4.4%
62 SE 0.37% 1,457,100 $186M $127.57 -$34M +229,000 +18.6%
63 AAL 0.36% 12,066,900 $185M $15.33 $40M -793,000 -6.2%
64 ROST 0.36% 1,022,400 $184M $180.14 +1,022,400 NEW
65 ON 0.35% 3,296,301 $178M $54.15 $51M +715,201 +27.7%
66 VLO 0.34% 1,074,800 $175M $162.79 -$11M -17,800 -1.6%
67 HUBS 0.33% 415,140 $167M $401.30 -$81M -114,260 -21.6%
68 FNV 0.33% 803,300 $167M $207.28 -$46M -148,802 -15.6%
69 ROKU 0.33% 1,529,800 $166M $108.49 $8M -52,000 -3.3%
70 T 0.32% 6,634,200 $165M $24.84 $162M +6,543,700 +7230.6%
71 NYT 0.32% 2,363,800 $164M $69.42 $54M +438,500 +22.8%
72 ADC 0.32% 2,258,287 $163M $72.03 $9M +92,400 +4.3%
73 AKAM 0.32% 1,841,000 $161M $87.25 $138M +1,539,700 +511.0%
74 AVGO 0.32% 463,850 $161M $346.10 $6M -3,160 -0.7%
75 ODFL 0.31% 1,016,900 $159M $156.80 -$18M -243,500 -19.3%
76 HEI 0.31% 484,658 $157M $323.59 -$3M -10,020 -2.0%
77 CAG 0.31% 9,044,000 $157M $17.31 -$20M -598,900 -6.2%
78 CPB 0.30% 5,403,400 $151M $27.87 $16M +1,136,000 +26.6%
79 AL 0.30% 2,343,400 $151M $64.23 $144M +2,247,800 +2351.3%
80 HRL 0.29% 6,321,200 $150M $23.70 $47M +2,159,100 +51.9%
81 PG 0.29% 1,036,000 $148M $143.31 -$161M -981,000 -48.6%
82 PNW 0.29% 1,658,191 $147M $88.70 $53M +612,391 +58.6%
83 FTNT 0.29% 1,838,720 $146M $79.41 -$5M +46,400 +2.6%
84 BRK-B 0.28% 287,200 $144M $502.65 $79M +157,500 +121.4%
85 COP 0.27% 1,478,778 $138M $93.61 -$4M -27,900 -1.9%
86 CPNG 0.27% 5,725,100 $135M $23.59 -$204M -4,801,500 -45.6%
87 AME 0.26% 651,600 $134M $205.31 $60M +261,400 +67.0%
88 LNG 0.26% 673,438 $131M $194.39 -$62M -146,762 -17.9%
89 CVNA 0.26% 309,275 $131M $422.02 -$166M -476,560 -60.6%
90 CAT 0.26% 227,060 $130M $572.87 -$121M -298,240 -56.8%
91 TXN 0.25% 742,500 $129M $173.49 $127M +730,400 +6036.4%
92 CLX 0.25% 1,256,500 $127M $100.83 -$124M -778,100 -38.2%
93 CME 0.25% 462,820 $126M $273.08 -$121M -453,380 -49.5%
94 MCD 0.25% 411,240 $126M $305.63 +411,240 NEW
95 RKT 0.24% 6,327,242 $122M $19.36 $26M +1,339,112 +26.9%
96 RL 0.24% 344,840 $122M $353.61 $70M +179,540 +108.6%
97 VRSK 0.24% 537,171 $120M $223.69 $64M +314,240 +141.0%
98 VTR 0.24% 1,545,411 $120M $77.38 $114M +1,466,162 +1850.1%
99 NBIX 0.24% 842,592 $120M $141.83 $99M +693,819 +466.4%
100 EQIX 0.23% 155,640 $119M $766.16 $113M +148,140 +1975.2%

New Positions

SymbolValue% Port
KMB $246M 0.48%
ROST $184M 0.36%
MCD $126M 0.25%
HPE $119M 0.23%
UAL $84M 0.16%
HPQ $58M 0.11%
GE $55M 0.11%
DHI $46M 0.09%
BA $45M 0.09%
AZO $43M 0.09%
CRCL $43M 0.08%
PTC $43M 0.08%
CPRT $37M 0.07%
EOSE $37M 0.07%
OSCR $36M 0.07%

Sold Out Positions

SymbolValue% Port
EQBK —%
ED —%
LYV —%
AIZ —%
MTDR —%
PB —%
AA —%
SLVM —%
BROS —%
CNR —%
PSX —%
WWW —%
SSTK —%
AIG —%
KEYS —%
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