TWO SIGMA INVESTMENTS, LP
Long book
$117.13B
Q1 2026
Positions
3593
Top-10 weight
10%
concentration
Last quarter
+14.9%
SPY +14.8%
Turnover
27%
of book per quarter
Strategy in plain words
auto-generated from filingsTWO SIGMA INVESTMENTS, LP is a quantitative fund whose holdings reflect models, not opinions, running a $117.13B US long book across 3593 positions.
The portfolio is broadly diversified across 3593 positions (top 10 only 10%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, APPLE INC, AMAZON.COM INC, ALPHABET INC-CL A, TESLA INC.
Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.2%
Q2 2024
+7.8%
Q3 2024
+1.2%
Q4 2024
-3.3%
Q1 2025
+11.8%
Q2 2025
+8.3%
Q3 2025
+2.0%
Q4 2025
-0.7%
Q1 2026
+14.9%
Sector allocation
Technology 26%
Financials 15%
Industrials 13%
Healthcare 11%
Consumer discretionary 8%
Services media 5%
Utilities 5%
Materials 5%
Long book by quarter
What does TWO SIGMA own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 11.2M | $1.96B | 1.7% | +831.8% |
| AAPL APPLE INC | Technology | 5.9M | $1.51B | 1.3% | +566.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 6.3M | $1.32B | 1.1% | +451.7% |
| GOOGL ALPHABET INC-CL A | Technology | 4.4M | $1.27B | 1.1% | +16686.5% |
| TSLA TESLA INC | Industrials | 2.9M | $1.08B | 0.9% | +412.5% |
| JPM JPMORGAN CHASE & CO | Financials | 3.3M | $973.9M | 0.8% | +733.9% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 6.4M | $940.7M | 0.8% | +311.1% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 874.8K | $871.7M | 0.7% | +237.6% |
| TJX TJX COMPANIES INC | Consumer discretionary | 5.2M | $837.3M | 0.7% | +212.0% |
| MA MASTERCARD INC - A | Services media | 1.7M | $837.0M | 0.7% | +279.4% |
| TMUS T-MOBILE US INC | Communications | 3.9M | $817.3M | 0.7% | +228.7% |
| LMT LOCKHEED MARTIN CORP | Industrials | 1.3M | $815.4M | 0.7% | +178.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.6M | $777.1M | 0.7% | +275.2% |
| MU MICRON TECHNOLOGY INC | Technology | 2.3M | $773.8M | 0.7% | +120.3% |
| ADBE ADOBE INC | Technology | 3.1M | $760.6M | 0.6% | +321.7% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 11.5M | $699.6M | 0.6% | +147.4% |
| PGR PROGRESSIVE CORP | Financials | 3.5M | $699.4M | 0.6% | +272.8% |
| AVGO BROADCOM INC | Technology | 2.2M | $688.7M | 0.6% | New |
| RBLX ROBLOX CORP -CLASS A | Technology | 12.0M | $681.2M | 0.6% | +300.5% |
| ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 2.0M | $659.3M | 0.6% | +223.4% |
| ABT ABBOTT LABORATORIES | Healthcare | 6.4M | $655.9M | 0.6% | New |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 1.4M | $647.8M | 0.6% | +205.6% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 812.2K | $627.6M | 0.5% | +188.9% |
| MS MORGAN STANLEY | Financials | 3.7M | $615.4M | 0.5% | +234.8% |
| ROST ROSS STORES INC | Consumer discretionary | 2.8M | $609.2M | 0.5% | +344.1% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 9.4M | $590.6M | 0.5% | +280.8% |
| NET CLOUDFLARE INC - CLASS A | Technology | 2.8M | $581.8M | 0.5% | +124.2% |
| WCN WASTE CONNECTIONS INC | Utilities | 3.4M | $559.5M | 0.5% | +219.1% |
| IBKR INTERACTIVE BROKERS GRO-CL A | Financials | 8.3M | $557.6M | 0.5% | +135.7% |
| MSFT MICROSOFT CORP | Technology | 1.4M | $511.1M | 0.4% | +156.5% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 5.4M | $503.8M | 0.4% | +107.8% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 378.9K | $500.5M | 0.4% | +547.5% |
| KMB KIMBERLY-CLARK CORP | Other | 5.2M | $499.2M | 0.4% | +144.5% |
| DELL DELL TECHNOLOGIES -C | Technology | 3.0M | $497.9M | 0.4% | +105.7% |
| C CITIGROUP INC | Financials | 4.3M | $487.9M | 0.4% | +150.5% |
| AER AERCAP HOLDINGS NV | Services media | 3.5M | $485.0M | 0.4% | +129.7% |
| NOW SERVICENOW INC | Technology | 4.6M | $484.7M | 0.4% | +187.4% |
| SNDK SANDISK CORP | Technology | 762.7K | $484.6M | 0.4% | +6.6% |
| BE BLOOM ENERGY CORP- A | Industrials | 3.5M | $480.7M | 0.4% | +83.1% |
| WM WASTE MANAGEMENT INC | Utilities | 2.0M | $468.6M | 0.4% | +125.0% |
| MRNA MODERNA INC | Healthcare | 9.1M | $461.6M | 0.4% | +23.8% |
| ANET ARISTA NETWORKS INC | Technology | 3.8M | $461.4M | 0.4% | +130.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 1.7M | $460.1M | 0.4% | +6899.3% |
| META META PLATFORMS INC-CLASS A | Technology | 783.2K | $448.1M | 0.4% | +8506.9% |
| GM GENERAL MOTORS CO | Industrials | 5.9M | $442.1M | 0.4% | +79.7% |
| IONS IONIS PHARMACEUTICALS INC | Healthcare | 5.9M | $439.8M | 0.4% | +120.3% |
| ABNB AIRBNB INC-CLASS A | Services media | 3.5M | $436.8M | 0.4% | +80.8% |
| ALB ALBEMARLE CORP | Materials | 2.3M | $416.7M | 0.4% | +84.0% |
| HSY HERSHEY CO/THE | Consumer staples | 2.0M | $410.6M | 0.4% | +958.8% |
| NBIX NEUROCRINE BIOSCIENCES INC | Healthcare | 3.1M | $403.2M | 0.3% | +210.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 4546 | $123.93B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 4041 | $70.90B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 3628 | $67.17B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 3150 | $56.47B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 3162 | $46.79B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 3161 | $45.85B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 3085 | $45.63B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 2989 | $43.90B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 2986 | $42.61B | canonical | SEC ↗ |
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