SEC 13F Intelligence

Managers / Q2 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
$37.9B
Q2 2021
Positions
2,418
Filings on Record
31
2019–present window
Filed
Aug 16, 2021
original filing

Summary

Two Sigma Advisers, LP reported $37.9B in U.S.-listed holdings across 2,418 positions for Q2 2021.

Its largest position, AAPL, represents 2.2% of the portfolio.

Compared with Q1 2021, the fund opened 334 new positions and exited 442.

Portfolio Metrics

Turnover
+30.9%
vs prior filed quarter
Top-10 Concentration
+13.0%
share of reported value
Largest Position
+2.2%
Apple
New / Exited
334 / 442
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: 79.9%Other: 8.6%ETP: 5.8%ADR: 3.8%REIT: 1.9%Other: 0.1%
  • Common Stock · 79.9% · $30.3B
  • Other · 8.6% · $3.2B
  • ETP · 5.8% · $2.2B
  • ADR · 3.8% · $1.5B
  • REIT · 1.9% · $715M
  • Other · 0.1% · $21M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BIDUNBAIDU INCNEW+1.56M1.56M+$319M$319M
ZBHZIMMER BIOMET HOLDINGS INCNEW+1.18M1.18M+$189M$189M
NVSNNOVARTIS AGNEW+1.89M1.89M+$173M$173M
COOPER COS INCNEW+213.4K213.4K+$85M$85M
AMATAPPLIED MATLS INCNEW+431.1K431.1K+$61M$61M
SEAGATE TECHNOLOGY HLDNGS PLNEW+640.9K640.9K+$56M$56M
CATCATERPILLAR INCNEW+206.2K206.2K+$45M$45M
DIGITALBRIDGE GROUP INCNEW+4.81M4.81M+$38M$38M

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

Holdings — Q2 2021

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM2.18%$828M6.04M
2SPDR S&P 500 ETF TRTR UNIT1.71%$649M1.52M
3SELECT SECTOR SPDR TRSBI HEALTHCARE · SBI CONS STPLS1.25%$475M5.17M
4JNJJOHNSON & JOHNSONhistory →COM1.23%$467M2.84M
5VVISA INChistory →COM CL A1.20%$454M1.94M
6QCOMQUALCOMM INChistory →COM1.15%$435M3.05M
7MRKMERCK & CO INChistory →COM1.12%$426M5.48M
8PFEPFIZER INChistory →COM1.11%$422M10.79M
9INTCINTEL CORPhistory →COM1.11%$419M7.47M
10MEDTRONIC PLCSHS1.08%$408M3.29M
11TRVCCITIGROUP INChistory →COM NEW1.07%$407M5.75M
12MSFTMICROSOFT CORPhistory →COM1.04%$394M1.46M
13TSLATESLA INChistory →COM1.03%$391M575.4K
14SNAPSNAP INChistory →CL A1.02%$389M5.70M
15CRWDCROWDSTRIKE HLDGS INChistory →CL A1.02%$387M1.54M
16ABTABBOTT LABShistory →COM0.99%$376M3.24M
17ROKUROKU INChistory →COM CL A0.99%$374M814.0K
18BIDUNBAIDU INChistory →SPON ADR REP A0.84%$319M1.56M
19UPSUNITED PARCEL SERVICE INChistory →CL B0.82%$313M1.50M
20AMGNAMGEN INChistory →COM0.82%$312M1.28M
21CSXCSX CORPhistory →COM0.78%$297M9.26M
22MDLZMONDELEZ INTL INChistory →CL A0.78%$297M4.76M
23CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.74%$281M389.7K
24ABBVABBVIE INChistory →COM0.73%$276M2.45M
25DYHTARGET CORPhistory →COM0.70%$264M1.09M
26SBUXSTARBUCKS CORPhistory →COM0.68%$257M2.30M
27PANWPALO ALTO NETWORKS INChistory →COM0.67%$256M688.7K
28ZSZSCALER INChistory →COM0.66%$251M1.16M
29ELVANTHEM INChistory →COM0.65%$248M649.8K
30XYZSQUARE INChistory →CL A0.65%$248M1.02M
31BSXBOSTON SCIENTIFIC CORPhistory →COM0.63%$239M5.60M
32CANADIAN PAC RY LTDCOM0.60%$227M2.96M
33AMZNAMAZON COM INChistory →COM0.60%$226M65.7K
34ETSYETSY INChistory →COM0.59%$225M1.09M
35KOCOCA COLA COhistory →COM0.59%$223M4.12M
36NIONIO INChistory →SPON ADS0.56%$213M4.00M
37HONGBPHONEYWELL INTL INChistory →COM0.56%$211M963.9K
38ADIANALOG DEVICES INChistory →COM0.54%$205M1.19M
39BAXBAXTER INTL INChistory →COM0.54%$204M2.53M
40VMWEURVMWARE INChistory →CL A COM0.53%$201M1.26M
41NDQINVESCO QQQ TRhistory →UNIT SER 10.53%$200M565.3K
42CERNCHFCERNER CORPhistory →COM0.52%$196M2.50M
43EAELECTRONIC ARTS INChistory →COM0.51%$195M1.35M
44ISRGINTUITIVE SURGICAL INChistory →COM NEW0.51%$193M210.0K
45TJXTJX COS INC NEWhistory →COM0.50%$190M2.82M
46ZBHZIMMER BIOMET HOLDINGS INChistory →COM0.50%$189M1.18M
47TAT&T INChistory →COM0.48%$182M6.33M
48CNRCANADIAN NATL RY COhistory →COM0.48%$181M1.71M
49GOOGLALPHABET INChistory →CAP STK CL A0.46%$176M72.1K

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 ↗.