SEC 13F Intelligence

Managers / Q1 2021 · 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
$36.4B
Q1 2021
Positions
2,526
Filings on Record
31
2019–present window
Filed
May 17, 2021
original filing

Summary

Two Sigma Advisers, LP reported $36.4B in U.S.-listed holdings across 2,526 positions for Q1 2021.

Its largest position, MSFT, represents 2.1% of the portfolio.

Compared with Q4 2020, the fund opened 472 new positions and exited 303.

Portfolio Metrics

Turnover
+27.9%
vs prior filed quarter
Top-10 Concentration
+13.9%
share of reported value
Largest Position
+2.1%
Microsoft
New / Exited
472 / 303
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: 84.6%Other: 6.0%ETP: 4.7%REIT: 2.7%ADR: 1.9%Other: 0.1%
  • Common Stock · 84.6% · $30.8B
  • Other · 6.0% · $2.2B
  • ETP · 4.7% · $1.7B
  • REIT · 2.7% · $982M
  • ADR · 1.9% · $688M
  • Other · 0.1% · $42M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ROKUROKU INCNEW+795.6K795.6K+$259M$259M
UPSUNITED PARCEL SERVICE INCNEW+790.3K790.3K+$134M$134M
EAELECTRONIC ARTS INCNEW+791.1K791.1K+$107M$107M
SPLKCHFSPLUNK INCNEW+747.6K747.6K+$101M$101M
DHRDANAHER CORPORATIONNEW+299.3K299.3K+$67M$67M
SELECT SECTOR SPDR TRNEW+460.0K460.0K+$61M$61M
ADBEADOBE SYSTEMS INCORPORATEDNEW+122.3K122.3K+$58M$58M
CNRCANADIAN NATL RY CONEW+470.2K470.2K+$55M$55M

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

Holdings — Q1 2021

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM2.11%$768M3.26M
2XLUSELECT SECTOR SPDR TRSBI INT-UTILS · SBI CONS DISCR · SBI HEALTHCARE · SBI CONS STPLS2.04%$743M8.38M
3AAPLAPPLE INChistory →COM2.03%$740M6.06M
4AMZNAMAZON COM INChistory →COM1.65%$602M194.5K
5METAFACEBOOK INChistory →CL A1.30%$473M1.61M
6TSLATESLA INChistory →COM1.27%$461M690.9K
7JNJJOHNSON & JOHNSONhistory →COM1.21%$442M2.69M
8VVISA INChistory →COM CL A1.13%$412M1.94M
9PFEPFIZER INChistory →COM1.06%$387M10.69M
10CSCOCISCO SYS INChistory →COM1.06%$385M7.44M
11ABBVABBVIE INChistory →COM1.04%$380M3.51M
12TAT&T INChistory →COM1.03%$375M12.40M
13MCDMCDONALDS CORPhistory →COM0.95%$345M1.54M
14LMTLOCKHEED MARTIN CORPhistory →COM0.91%$332M899.8K
15CRWDCROWDSTRIKE HLDGS INChistory →CL A0.83%$303M1.66M
16ELVANTHEM INChistory →COM0.80%$290M806.8K
17MRKMERCK & CO. INChistory →COM0.77%$281M3.64M
18LOWLOWES COS INChistory →COM0.76%$276M1.45M
19CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.72%$261M423.0K
20BAXBAXTER INTL INChistory →COM0.72%$261M3.09M
21ROKUROKU INChistory →COM CL A0.71%$259M795.6K
22MDLZMONDELEZ INTL INChistory →CL A0.71%$257M4.39M
23QCOMQUALCOMM INChistory →COM0.70%$256M1.93M
24TRVCCITIGROUP INChistory →COM NEW0.70%$256M3.51M
25PEPPEPSICO INChistory →COM0.68%$248M1.75M
26ETSYETSY INChistory →COM0.65%$236M1.17M
27KOCOCA COLA COhistory →COM0.65%$235M4.46M
28DYHTARGET CORPhistory →COM0.64%$233M1.17M
29KMBKIMBERLY-CLARK CORPhistory →COM0.58%$212M1.52M
30WWAYFAIR INChistory →CL A0.58%$211M670.6K
31EBAEBAY INC.history →COM0.58%$211M3.44M
32VMWEURVMWARE INChistory →CL A COM0.56%$205M1.36M
33ZSZSCALER INChistory →COM0.56%$204M1.19M
34SNAPSNAP INChistory →CL A0.55%$199M3.80M
35BBYBEST BUY INChistory →COM0.52%$191M1.66M
36MEDTRONIC PLCSHS0.52%$188M1.59M
37NDQINVESCO QQQ TRhistory →UNIT SER 10.50%$181M567.0K
38GISGENERAL MLS INChistory →COM0.48%$176M2.87M
39CERNCHFCERNER CORPhistory →COM0.46%$167M2.33M
40ORLYOREILLY AUTOMOTIVE INChistory →COM0.45%$164M324.0K
41AON PLCSHS CL A0.45%$164M711.3K
42BACVERIZON COMMUNICATIONS INChistory →COM0.44%$160M2.76M
43FFORD MTR CO DELhistory →COM0.42%$155M12.61M
44PTONPELOTON INTERACTIVE INChistory →CL A COM0.41%$151M1.34M
45XYZSQUARE INChistory →CL A0.41%$149M656.0K
46OPTUALTICE USA INChistory →CL A0.41%$149M4.57M
47CSXCSX CORPhistory →COM0.41%$149M1.54M

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 7 additional managers.

  • Two Sigma U.S. All Cap Core Equity Fund, LP028-14405
  • 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 ↗.