SEC 13F Intelligence

Managers / Q4 2018 · view latest →

TWO SIGMA ADVISERS, LP

CIK 0001478735 · Part of the Two Sigma family · 100 AVENUE OF THE AMERICAS, 16TH FLOOR, NEW YORK, NY, 10013 · 212-625-5700

Reported Value
$36.6B
Q4 2018
Positions
2,334
Filings on Record
31
2019–present window
Filed
Feb 14, 2019
original filing

Summary

Two Sigma Advisers, LP reported $36.6B in U.S.-listed holdings across 2,334 positions for Q4 2018.

Its largest position, XLY, represents 1.4% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+10.1%
share of reported value
Largest Position
+1.4%
Select Sector Spdr Tr

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $36.6BQ4 ’18Q1 ’19: $39.7BQ2 ’19: $40.2BQ3 ’19: $40.9BQ4 ’19: $43.1BQ4 ’19Q1 ’20: $26.1BQ2 ’20: $34.6BQ3 ’20: $35.0BQ4 ’20: $37.4BQ4 ’20Q1 ’21: $36.4BQ2 ’21: $37.9BQ3 ’21: $38.6BQ4 ’21: $39.9BQ4 ’21Q1 ’22: $37.6BQ2 ’22: $35.3BQ3 ’22: $34.5BQ4 ’22: $35.8BQ4 ’22Q1 ’23: $38.8BQ2 ’23: $39.3BQ3 ’23: $39.0BQ4 ’23: $42.7BQ4 ’23Q1 ’24: $43.2BQ2 ’24: $44.8BQ3 ’24: $42.7BQ4 ’24: $43.2BQ4 ’24Q1 ’25: $44.4BQ2 ’25: $48.8BQ3 ’25: $50.0BQ4 ’25: $51.4BQ4 ’25Q1 ’26: $0filingsflow.com

Portfolio Composition

By security type
Common Stock: 89.3%Other: 4.9%REIT: 2.4%ETP: 1.9%ADR: 1.5%Other: 0.1%
  • Common Stock · 89.3% · $32.7B
  • Other · 4.9% · $1.8B
  • REIT · 2.4% · $865M
  • ETP · 1.9% · $679M
  • ADR · 1.5% · $552M
  • Other · 0.1% · $22M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
AMGNAMGEN INCNEW+2.07M2.07M+$403M$403M
HDHOME DEPOT INCNEW+2.30M2.30M+$396M$396M
PGPROCTER AND GAMBLE CONEW+4.05M4.05M+$372M$372M
SBUXSTARBUCKS CORPNEW+5.48M5.48M+$353M$353M
INTCINTEL CORPNEW+7.49M7.49M+$351M$351M
PEPPEPSICO INCNEW+3.09M3.09M+$341M$341M
CMCSACOMCAST CORP NEWNEW+9.69M9.69M+$330M$330M
JNJJOHNSON & JOHNSONNEW+2.52M2.52M+$325M$325M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2018

493 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1XLYSELECT SECTOR SPDR TRSBI CONS DISCR · SBI INT-INDS · SBI INT-UTILS · ENERGY · SBI CONS STPLS1.37%$502M7.14M
2AMGNAMGEN INChistory →COM1.10%$403M2.07M
3HDHOME DEPOT INChistory →COM1.08%$396M2.30M
4PGPROCTER AND GAMBLE COhistory →COM1.02%$372M4.05M
5SBUXSTARBUCKS CORPhistory →COM0.96%$353M5.48M
6INTCINTEL CORPhistory →COM0.96%$351M7.49M
7PEPPEPSICO INChistory →COM0.93%$341M3.09M
8CMCSACOMCAST CORP NEWhistory →CL A0.90%$330M9.69M
9JNJJOHNSON & JOHNSONhistory →COM0.89%$325M2.52M
10BABOEING COhistory →COM0.88%$321M995.6K
11TJXTJX COS INC NEWhistory →COM0.82%$299M6.68M
12CVXCHEVRON CORP NEWhistory →COM0.80%$293M2.69M
13METAFACEBOOK INChistory →CL A0.79%$291M2.22M
14LMTLOCKHEED MARTIN CORPhistory →COM0.73%$269M1.03M
15PMPHILIP MORRIS INTL INChistory →COM0.72%$263M3.94M
16SLBSCHLUMBERGER LTDhistory →COM0.70%$258M7.14M
17OXYOCCIDENTAL PETE CORP DELhistory →COM0.70%$256M4.17M
18TGTTARGET CORPhistory →COM0.69%$253M3.83M
19MCDMCDONALDS CORPhistory →COM0.69%$251M1.42M
20LVSLAS VEGAS SANDS CORPhistory →COM0.65%$239M4.60M
21YUMYUM BRANDS INChistory →COM0.64%$235M2.56M
22UPSUNITED PARCEL SERVICE INChistory →CL B0.63%$230M2.36M
23AZOAUTOZONE INChistory →COM0.62%$228M272.0K
24REGNREGENERON PHARMACEUTICALShistory →COM0.58%$213M571.0K
25ORLYO REILLY AUTOMOTIVE INC NEWhistory →COM0.58%$211M613.4K
26PANWPALO ALTO NETWORKS INChistory →COM0.57%$210M1.12M
27CCLCARNIVAL CORPhistory →UNIT 99/99/99990.57%$210M4.26M
28CELGCELGENE CORPhistory →COM0.56%$207M3.23M
29NFLXNETFLIX INChistory →COM0.56%$204M763.9K
30CLCOLGATE PALMOLIVE COhistory →COM0.56%$204M3.43M
31TXNTEXAS INSTRS INChistory →COM0.55%$203M2.15M
32VFCV F CORPhistory →COM0.54%$197M2.77M
33EAELECTRONIC ARTS INChistory →COM0.53%$195M2.48M
34PGRPROGRESSIVE CORP OHIOhistory →COM0.53%$195M3.24M
35ULTAULTA BEAUTY INChistory →COM0.52%$192M784.1K
36HONHONEYWELL INTL INChistory →COM0.51%$187M1.42M
37GOOGLALPHABET INChistory →CAP STK CL A0.51%$185M177.4K
38EMREMERSON ELEC COhistory →COM0.50%$185M3.09M
39RAYTHEON COCOM NEW0.50%$184M1.20M
40CMICUMMINS INChistory →COM0.50%$183M1.37M
41DALDELTA AIR LINES INC DELhistory →COM NEW0.50%$182M3.65M
42WMWASTE MGMT INC DELhistory →COM0.49%$180M2.02M
43SEAGATE TECHNOLOGY PLCSHS0.49%$179M4.64M
44KOCOCA COLA COhistory →COM0.49%$178M3.75M
45AAPADVANCE AUTO PARTS INChistory →COM0.48%$176M1.12M
46ALLALLSTATE CORPhistory →COM0.47%$173M2.09M
47VMWARE INCCL A COM0.45%$166M1.21M
48LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -0.44%$162M1.95M
49NKENIKE INChistory →CL B0.43%$157M2.12M
50CITRIX SYS INCCOM0.42%$154M1.50M
51LUVSOUTHWEST AIRLS COhistory →COM0.42%$154M3.31M
52COSTCOSTCO WHSL CORP NEWhistory →COM0.42%$154M754.2K
53TE CONNECTIVITY LTDREG SHS0.41%$150M1.98M
54CSXCSX CORPhistory →COM0.41%$150M2.41M
55MOALTRIA GROUP INChistory →COM0.40%$147M2.99M
56SYYSYSCO CORPhistory →COM0.40%$147M2.35M
57BMYBRISTOL MYERS SQUIBB COhistory →COM0.40%$145M2.78M
58HALHALLIBURTON COhistory →COM0.40%$145M5.44M
59NRGNRG ENERGY INChistory →COM NEW0.38%$139M3.51M
60MASMASCO CORPhistory →COM0.38%$138M4.74M
61FTNTFORTINET INChistory →COM0.36%$133M1.88M
62MRKMERCK & CO INChistory →COM0.36%$132M1.73M
63ADPAUTOMATIC DATA PROCESSING INhistory →COM0.36%$131M998.1K
64CSCOCISCO SYS INChistory →COM0.35%$128M2.96M
65KLACKLA-TENCOR CORPhistory →COM0.35%$128M1.43M
66INGERSOLL-RAND PLCSHS0.35%$127M1.39M
67HPQHP INChistory →COM0.35%$127M6.21M
68CMACOMERICA INChistory →COM0.35%$127M1.85M
69HCAHCA HEALTHCARE INChistory →COM0.34%$126M1.01M
70BLACKROCK INCCOM0.34%$124M316.8K
71VRTXVERTEX PHARMACEUTICALS INChistory →COM0.34%$123M745.0K
72MHKMOHAWK INDS INChistory →COM0.33%$122M1.05M
73SBACSBA COMMUNICATIONS CORP NEWhistory →CL A0.33%$122M754.2K
74ROKROCKWELL AUTOMATION INChistory →COM0.33%$121M801.2K
75FISFIDELITY NATL INFORMATION SVhistory →COM0.33%$119M1.16M
76ABBVABBVIE INChistory →COM0.32%$119M1.29M
77NOWSERVICENOW INChistory →COM0.32%$118M665.1K
78PIONEER NAT RES COCOM0.32%$118M899.8K
79CNPCENTERPOINT ENERGY INChistory →COM0.32%$117M4.14M
80HIGHARTFORD FINL SVCS GROUP INChistory →COM0.32%$116M2.60M
81PNCPNC FINL SVCS GROUP INChistory →COM0.32%$115M987.2K
82ORCLORACLE CORPhistory →COM0.31%$115M2.54M
83LWLAMB WESTON HLDGS INChistory →COM0.31%$115M1.56M
84IBMINTERNATIONAL BUSINESS MACHShistory →COM0.31%$114M999.1K
85PFEPFIZER INChistory →COM0.30%$111M2.54M
86VVISA INChistory →COM CL A0.30%$109M826.5K
87MMACYS INChistory →COM0.29%$108M3.62M
88MOHMOLINA HEALTHCARE INChistory →COM0.29%$107M918.3K
89AMATAPPLIED MATLS INChistory →COM0.29%$105M3.21M
90VLOVALERO ENERGY CORP NEWhistory →COM0.28%$103M1.38M
91CTSHCOGNIZANT TECHNOLOGY SOLUTIOhistory →CL A0.28%$103M1.63M
92APDAIR PRODS & CHEMS INChistory →COM0.28%$103M641.1K
93DGXQUEST DIAGNOSTICS INChistory →COM0.28%$102M1.22M
94HUMHUMANA INChistory →COM0.28%$101M353.6K
95DPZDOMINOS PIZZA INChistory →COM0.27%$99M399.2K
96JNPJUNIPER NETWORKS INChistory →COM0.27%$98M3.65M
97ZTSZOETIS INChistory →CL A0.27%$98M1.15M
98HLTHILTON WORLDWIDE HLDGS INChistory →COM0.27%$98M1.37M
99MGMMGM RESORTS INTERNATIONALhistory →COM0.26%$96M3.97M
100SPLUNK INCCOM0.26%$95M901.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$01May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$51.4B2,329Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$50.0B2,311Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$48.8B2,300Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$44.4B2,360May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$43.2B2,329Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$42.7B2,260Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$44.8B2,414Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$43.2B2,431May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$42.7B2,480Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$39.0B2,362Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$39.3B2,357Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$38.8B2,568May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$35.8B2,493Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$34.5B2,518Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$35.3B2,619Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$37.6B2,714May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$39.9B2,591Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$38.6B2,418Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$37.9B2,418Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$36.4B2,526May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$37.4B2,357Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$35.0B2,374Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$34.6B2,475Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$26.1B2,439May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$43.1B2,336Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$40.9B2,198Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$40.2B2,294Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$39.7B2,275May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$36.6B2,334Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 8 additional managers.

  • Two Sigma U.S. All Cap Core Equity Fund, LP028-14405
  • Two Sigma U.S. Small Cap Core Equity Fund, LP028-14382
  • TWO SIGMA ABSOLUTE RETURN PORTFOLIO, LLC028-15367
  • TWO SIGMA ACTIVE EXTENSION U.S. ALL CAP EQUITY PORTFOLIO, LLC028-15404
  • Two Sigma Active Extension U.S. Small Cap Equity Fund, LP028-15364
  • Two Sigma Macro Portfolio, LLC028-16751
  • Two Sigma World Core Fund, LP028-17350
  • Two Sigma Equity Risk Premia Portfolio, LLC028-17346

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.