SEC 13F Intelligence

Managers / Q2 2019 · 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
$40.2B
Q2 2019
Positions
2,294
Filings on Record
31
2019–present window
Filed
Aug 14, 2019
original filing

Summary

Two Sigma Advisers, LP reported $40.2B in U.S.-listed holdings across 2,294 positions for Q2 2019.

Its largest position, XLY, represents 2.5% of the portfolio.

Compared with Q1 2019, the fund opened 287 new positions and exited 268.

Portfolio Metrics

Turnover
+24.6%
vs prior filed quarter
Top-10 Concentration
+13.0%
share of reported value
Largest Position
+2.5%
Select Sector Spdr Tr
New / Exited
287 / 268
positions this quarter

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: 88.4%Other: 4.0%ETP: 3.2%REIT: 2.6%ADR: 1.8%Other: 0.1%
  • Common Stock · 88.4% · $35.5B
  • Other · 4.0% · $1.6B
  • ETP · 3.2% · $1.3B
  • REIT · 2.6% · $1.0B
  • ADR · 1.8% · $731M
  • Other · 0.1% · $22M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SHOPSHOPIFY INCNEW+573.7K573.7K+$172M$172M
XLPSELECT SECTOR SPDR TRNEW+2.57M2.57M+$149M$149M
MSFTMICROSOFT CORPNEW+791.8K791.8K+$106M$106M
LOWLOWES COS INCNEW+525.5K525.5K+$53M$53M
TSMTAIWAN SEMICONDUCTOR MFG LTDNEW+1.24M1.24M+$48M$48M
DIASPDR DOW JONES INDL AVRG ETFNEW+178.6K178.6K+$47M$47M
EWEDWARDS LIFESCIENCES CORPNEW+245.2K245.2K+$45M$45M
SOSOUTHERN CONEW+772.9K772.9K+$43M$43M

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

Holdings — Q2 2019

493 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1XLYSELECT SECTOR SPDR TRSBI CONS DISCR · SBI INT-UTILS · SBI CONS STPLS · SBI INT-INDS · SBI HEALTHCARE · ENERGY2.50%$1.0B12.34M
2AMZNAMAZON COM INChistory →COM1.60%$643M339.8K
3JNJJOHNSON & JOHNSONhistory →COM1.37%$551M3.96M
4AMGNAMGEN INChistory →COM1.22%$491M2.66M
5SBUXSTARBUCKS CORPhistory →COM1.18%$474M5.66M
6HDHOME DEPOT INChistory →COM1.09%$439M2.11M
7ABBVABBVIE INChistory →COM1.07%$431M5.93M
8MCDMCDONALDS CORPhistory →COM1.05%$422M2.03M
9BMYBRISTOL MYERS SQUIBB COhistory →COM0.97%$389M8.59M
10COSTCOSTCO WHSL CORP NEWhistory →COM0.89%$358M1.35M
11FISFIDELITY NATL INFORMATION SVhistory →COM0.88%$355M2.89M
12GILDGILEAD SCIENCES INChistory →COM0.88%$354M5.24M
13OXYOCCIDENTAL PETE CORPhistory →COM0.86%$346M6.88M
14ACTIVISION BLIZZARD INCCOM0.86%$345M7.31M
15EBAYEBAY INChistory →COM0.84%$338M8.56M
16LMTLOCKHEED MARTIN CORPhistory →COM0.79%$316M868.9K
17EAELECTRONIC ARTS INChistory →COM0.75%$302M2.98M
18PEPPEPSICO INChistory →COM0.73%$292M2.23M
19HUMHUMANA INChistory →COM0.68%$274M1.03M
20DGDOLLAR GEN CORP NEWhistory →COM0.65%$261M1.93M
21DLTRDOLLAR TREE INChistory →COM0.63%$252M2.35M
22UNPUNION PACIFIC CORPhistory →COM0.63%$251M1.49M
23QCOMQUALCOMM INChistory →COM0.62%$249M3.28M
24EOGEOG RES INChistory →COM0.60%$242M2.60M
25DALDELTA AIR LINES INC DELhistory →COM NEW0.57%$227M4.01M
26FISVFISERV INChistory →COM0.55%$221M2.42M
27VVISA INChistory →COM CL A0.55%$220M1.27M
28ADSKAUTODESK INChistory →COM0.53%$211M1.29M
29UPSUNITED PARCEL SERVICE INChistory →CL B0.52%$207M2.01M
30YUMYUM BRANDS INChistory →COM0.51%$207M1.87M
31SYYSYSCO CORPhistory →COM0.50%$201M2.84M
32CSCOCISCO SYS INChistory →COM0.49%$198M3.63M
33MASMASCO CORPhistory →COM0.48%$192M4.90M
34ALLALLSTATE CORPhistory →COM0.48%$191M1.88M
35CMICUMMINS INChistory →COM0.47%$190M1.11M
36MMM3M COhistory →COM0.47%$190M1.09M
37CMCSACOMCAST CORP NEWhistory →CL A0.47%$189M4.47M
38ULTAULTA BEAUTY INChistory →COM0.46%$186M535.1K
39PMPHILIP MORRIS INTL INChistory →COM0.46%$185M2.35M
40HLTHILTON WORLDWIDE HLDGS INChistory →COM0.46%$184M1.88M
41PFEPFIZER INChistory →COM0.45%$182M4.21M
42SBACSBA COMMUNICATIONS CORP NEWhistory →CL A0.45%$180M799.2K
43WWAYFAIR INChistory →CL A0.44%$175M1.20M
44CLCOLGATE PALMOLIVE COhistory →COM0.43%$174M2.43M
45CVXCHEVRON CORP NEWhistory →COM0.43%$174M1.40M
46HONHONEYWELL INTL INChistory →COM0.43%$172M987.5K
47SHOPSHOPIFY INChistory →CL A0.43%$172M573.7K
48VRTXVERTEX PHARMACEUTICALS INChistory →COM0.43%$172M935.7K
49COPCONOCOPHILLIPShistory →COM0.43%$171M2.80M
50KOCOCA COLA COhistory →COM0.40%$161M3.16M
51RAYTHEON COCOM NEW0.39%$155M892.9K
52CELGCELGENE CORPhistory →COM0.38%$154M1.66M
53PGRPROGRESSIVE CORP OHIOhistory →COM0.38%$152M1.91M
54VFCV F CORPhistory →COM0.38%$151M1.73M
55PCGPG&E CORPhistory →COM0.37%$151M6.57M
56CITRIX SYS INCCOM0.37%$150M1.53M
57NOWSERVICENOW INChistory →COM0.37%$147M535.8K
58RCLROYAL CARIBBEAN CRUISES LTDhistory →COM0.36%$146M1.21M
59ZTSZOETIS INChistory →CL A0.36%$146M1.28M
60CSXCSX CORPhistory →COM0.35%$142M1.84M
61ATLASSIAN CORP PLCCL A0.35%$140M1.07M
62FTNTFORTINET INChistory →COM0.35%$139M1.81M
63MGMMGM RESORTS INTERNATIONALhistory →COM0.35%$139M4.86M
64WBAWALGREENS BOOTS ALLIANCE INChistory →COM0.34%$138M2.53M
65MRKMERCK & CO INChistory →COM0.34%$138M1.64M
66CMACOMERICA INChistory →COM0.34%$138M1.90M
67RED HAT INCCOM0.34%$137M731.8K
68ORCLORACLE CORPhistory →COM0.34%$137M2.40M
69BIIBBIOGEN INChistory →COM0.33%$134M572.6K
70MHKMOHAWK INDS INChistory →COM0.33%$131M888.8K
71VEEVVEEVA SYS INChistory →CL A COM0.32%$130M799.0K
72PSXPHILLIPS 66history →COM0.32%$127M1.36M
73CTRACABOT OIL & GAS CORPhistory →COM0.31%$125M5.43M
74SEAGATE TECHNOLOGY PLCSHS0.31%$123M2.61M
75MNSTMONSTER BEVERAGE CORP NEWhistory →COM0.30%$122M1.92M
76NKENIKE INChistory →CL B0.30%$122M1.45M
77VMWARE INCCL A COM0.30%$121M723.2K
78ETSYETSY INChistory →COM0.30%$119M1.94M
79TPRTAPESTRY INChistory →COM0.29%$118M3.73M
80TGTTARGET CORPhistory →COM0.29%$115M1.33M
81CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.29%$115M156.8K
82LLYLILLY ELI & COhistory →COM0.29%$115M1.04M
83HUBSHUBSPOT INChistory →COM0.28%$114M665.8K
84FIAT CHRYSLER AUTOMOBILES NSHS0.28%$113M8.19M
85TSCOTRACTOR SUPPLY COhistory →COM0.28%$113M1.03M
86SUSUNCOR ENERGY INC NEWhistory →COM0.28%$112M3.58M
87TERTERADYNE INChistory →COM0.28%$112M2.33M
88XBISPDR SERIES TRUSTS&P BIOTECH · S&P REGL BKG0.27%$110M1.39M
89DATATABLEAU SOFTWARE INChistory →CL A0.27%$109M657.9K
90DRIDARDEN RESTAURANTS INChistory →COM0.27%$109M895.6K
91SUNTRUST BKS INCCOM0.27%$107M1.70M
92MSFTMICROSOFT CORPhistory →COM0.26%$106M791.8K
93CCLCARNIVAL CORPhistory →UNIT 99/99/99990.26%$105M2.26M
94IONSIONIS PHARMACEUTICALS INChistory →COM0.26%$105M1.63M
95INCYINCYTE CORPhistory →COM0.26%$105M1.23M
96AZOAUTOZONE INChistory →COM0.26%$104M94.2K
97BAXBAXTER INTL INChistory →COM0.25%$102M1.25M
98IBMINTERNATIONAL BUSINESS MACHShistory →COM0.25%$102M736.7K
99QSRRESTAURANT BRANDS INTL INChistory →COM0.25%$100M1.44M
100RIORIO TINTO PLChistory →SPONSORED ADR0.25%$100M1.60M

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 ↗.