SEC 13F Intelligence

Managers / Q3 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
$40.9B
Q3 2019
Positions
2,198
Filings on Record
31
2019–present window
Filed
Nov 14, 2019
original filing

Summary

Two Sigma Advisers, LP reported $40.9B in U.S.-listed holdings across 2,198 positions for Q3 2019.

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

Compared with Q2 2019, the fund opened 266 new positions and exited 362.

Portfolio Metrics

Turnover
+23.5%
vs prior filed quarter
Top-10 Concentration
+11.7%
share of reported value
Largest Position
+1.4%
Amazon Com
New / Exited
266 / 362
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. 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: 85.5%Other: 5.6%ETP: 4.4%REIT: 2.4%ADR: 1.9%Other: 0.1%
  • Common Stock · 85.5% · $34.9B
  • Other · 5.6% · $2.3B
  • ETP · 4.4% · $1.8B
  • REIT · 2.4% · $998M
  • ADR · 1.9% · $766M
  • Other · 0.1% · $31M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPDR S&P 500 ETF TRNEW+500.5K500.5K+$149M$149M
LHXL3HARRIS TECHNOLOGIES INCNEW+666.6K666.6K+$139M$139M
ELVANTHEM INCNEW+417.9K417.9K+$100M$100M
INTCINTEL CORPNEW+1.87M1.87M+$96M$96M
SNAPSNAP INCNEW+5.53M5.53M+$87M$87M
CITCINTAS CORPNEW+195.5K195.5K+$52M$52M
BABAALIBABA GROUP HLDG LTDNEW+300.6K300.6K+$50M$50M
TWTRUSDTWITTER INCNEW+1.08M1.08M+$44M$44M

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

Holdings — Q3 2019

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1XLUSELECT SECTOR SPDR TRSBI CONS DISCR · SBI INT-UTILS · SBI HEALTHCARE2.40%$981M11.29M
2AMZNAMAZON COM INChistory →COM1.44%$587M338.0K
3JNJJOHNSON & JOHNSONhistory →COM1.42%$579M4.47M
4SBUXSTARBUCKS CORPhistory →COM1.18%$482M5.46M
5ABBVABBVIE INChistory →COM1.17%$476M6.29M
6HDHOME DEPOT INChistory →COM1.13%$463M2.00M
7VVISA INChistory →COM CL A1.13%$462M2.69M
8CSCOCISCO SYS INChistory →COM1.11%$454M9.20M
9BMYBRISTOL MYERS SQUIBB COhistory →COM1.08%$440M8.67M
10MCDMCDONALDS CORPhistory →COM1.03%$419M1.95M
11COSTCOSTCO WHSL CORP NEWhistory →COM1.00%$409M1.42M
12MSFTMICROSOFT CORPhistory →COM0.98%$402M2.89M
13LMTLOCKHEED MARTIN CORPhistory →COM0.90%$368M943.3K
14EBAEBAY INChistory →COM0.81%$332M8.51M
15LOWLOWES COS INChistory →COM0.81%$330M3.00M
16SHOPSHOPIFY INChistory →CL A0.78%$319M1.02M
17ADPAUTOMATIC DATA PROCESSING INhistory →COM0.78%$317M1.96M
18QCOMQUALCOMM INChistory →COM0.77%$315M4.13M
19CHVCHEVRON CORP NEWhistory →COM0.76%$312M2.63M
20GOOGLALPHABET INChistory →CAP STK CL A0.74%$304M248.6K
21GILDGILEAD SCIENCES INChistory →COM0.73%$298M4.70M
22FISFIDELITY NATL INFORMATION SVhistory →COM0.68%$280M2.11M
23DALDELTA AIR LINES INC DELhistory →COM NEW0.68%$277M4.81M
24MMM3M COhistory →COM0.66%$270M1.64M
25DGDOLLAR GEN CORP NEWhistory →COM0.66%$269M1.69M
26ADSKAUTODESK INChistory →COM0.64%$262M1.77M
27SYYSYSCO CORPhistory →COM0.63%$258M3.25M
28EOGEOG RES INChistory →COM0.63%$256M3.45M
29NOWSERVICENOW INChistory →COM0.62%$255M1.00M
30RTN1USDRAYTHEON COhistory →COM NEW0.62%$253M1.29M
31QSRRESTAURANT BRANDS INTL INChistory →COM0.61%$250M3.51M
32PEPPEPSICO INChistory →COM0.61%$249M1.82M
33PFEPFIZER INChistory →COM0.60%$245M6.83M
34COPCONOCOPHILLIPShistory →COM0.58%$236M4.14M
35METAFACEBOOK INChistory →CL A0.57%$233M1.31M
36HUMHUMANA INChistory →COM0.55%$226M884.0K
37OXYOCCIDENTAL PETE CORPhistory →COM0.55%$224M5.04M
38ORCLORACLE CORPhistory →COM0.54%$221M4.02M
39NKENIKE INChistory →CL B0.54%$221M2.35M
40VEEVVEEVA SYS INChistory →CL A COM0.53%$215M1.41M
414I1PHILIP MORRIS INTL INChistory →COM0.52%$211M2.77M
42LRCXEURLAM RESEARCH CORPhistory →COM0.51%$207M895.6K
43MRKMERCK & CO INChistory →COM0.50%$206M2.45M
44AMGNAMGEN INChistory →COM0.48%$196M1.01M
45SPDR DOW JONES INDL AVRG ETFUT SER 10.47%$194M720.1K
46UPSUNITED PARCEL SERVICE INChistory →CL B0.47%$193M1.61M
47MASMASCO CORPhistory →COM0.46%$189M4.53M
48WBAWALGREENS BOOTS ALLIANCE INChistory →COM0.46%$187M3.38M

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 ↗.