SEC 13F Intelligence

Managers / Q1 2022 · 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
$37.6B
Q1 2022
Positions
2,714
Filings on Record
31
2019–present window
Filed
May 16, 2022
original filing

Summary

Two Sigma Advisers, LP reported $37.6B in U.S.-listed holdings across 2,714 positions for Q1 2022.

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

Compared with Q4 2021, the fund opened 449 new positions and exited 326.

Portfolio Metrics

Turnover
+26.8%
vs prior filed quarter
Top-10 Concentration
+14.1%
share of reported value
Largest Position
+2.2%
Apple
New / Exited
449 / 326
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: 91.8%Other: 2.4%ADR: 2.2%ETP: 2.0%REIT: 1.4%Other: 0.2%
  • Common Stock · 91.8% · $34.5B
  • Other · 2.4% · $914M
  • ADR · 2.2% · $829M
  • ETP · 2.0% · $758M
  • REIT · 1.4% · $513M
  • Other · 0.2% · $61M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PEPPEPSICO INCNEW+1.10M1.10M+$184M$184M
UNITED STATES STL CORP NEWNEW+4.63M4.63M+$175M$175M
TGTTARGET CORPNEW+505.9K505.9K+$107M$107M
XLYSELECT SECTOR SPDR TRNEW+458.9K458.9K+$85M$85M
LMTLOCKHEED MARTIN CORPNEW+188.8K188.8K+$83M$83M
TWLOTWILIO INCNEW+445.7K445.7K+$73M$73M
CCLCARNIVAL CORPNEW+3.43M3.43M+$69M$69M
SHELSHELL PLCNEW+1.24M1.24M+$68M$68M

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

Holdings — Q1 2022

490 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM2.18%$821M4.70M
2MSFTMICROSOFT CORPhistory →COM1.82%$684M2.22M
3TSLATESLA INChistory →COM1.67%$628M583.2K
4AMZNAMAZON COM INChistory →COM1.36%$513M157.2K
5SPGIS&P GLOBAL INChistory →COM1.24%$466M1.14M
6MRKMERCK & CO INChistory →COM1.23%$463M5.64M
7ADBEADOBE SYSTEMS INCORPORATEDhistory →COM1.23%$462M1.01M
8VVISA INChistory →COM CL A1.13%$426M1.92M
9JNJJOHNSON & JOHNSONhistory →COM1.11%$419M2.36M
10AMGNAMGEN INChistory →COM1.11%$418M1.73M
11CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A1.09%$408M748.8K
12CERNER CORPCOM1.08%$407M4.35M
13PYPLPAYPAL HLDGS INChistory →COM1.08%$405M3.50M
14OXYOCCIDENTAL PETE CORPhistory →COM1.04%$393M6.92M
15ABBVABBVIE INChistory →COM0.95%$356M2.20M
16REGNREGENERON PHARMACEUTICALShistory →COM0.91%$342M489.2K
17MDTMEDTRONIC PLChistory →SHS0.89%$334M3.01M
18BSXBOSTON SCIENTIFIC CORPhistory →COM0.89%$334M7.53M
19BMYBRISTOL-MYERS SQUIBB COhistory →COM0.85%$318M4.36M
20LLYLILLY ELI & COhistory →COM0.81%$306M1.07M
21DDOGDATADOG INChistory →CL A COM0.81%$305M2.01M
22XLPSELECT SECTOR SPDR TRSBI CONS STPLS · SBI CONS DISCR · TECHNOLOGY · SBI HEALTHCARE0.81%$305M2.52M
23CSXCSX CORPhistory →COM0.81%$304M8.12M
24HONHONEYWELL INTL INChistory →COM0.80%$301M1.55M
25METAMETA PLATFORMS INChistory →CL A0.79%$297M1.34M
26GILDGILEAD SCIENCES INChistory →COM0.73%$273M4.60M
27ATLASSIAN CORP PLCCL A0.72%$270M919.2K
28GOOGLALPHABET INChistory →CAP STK CL A0.70%$263M94.4K
29ZMZOOM VIDEO COMMUNICATIONS INhistory →CL A0.69%$261M2.23M
30NVSNOVARTIS AGhistory →SPONSORED ADR0.69%$258M2.94M
31CCITIGROUP INChistory →COM NEW0.63%$237M4.44M
32BIIBBIOGEN INChistory →COM0.61%$231M1.10M
33FTNTFORTINET INChistory →COM0.60%$225M658.3K
34TAT&T INChistory →COM0.59%$222M9.38M
35PFEPFIZER INChistory →COM0.58%$217M4.18M
36ZSZSCALER INChistory →COM0.56%$209M866.3K
37PANWPALO ALTO NETWORKS INChistory →COM0.55%$207M331.8K
38ABNBAIRBNB INChistory →COM CL A0.53%$199M1.16M
39CMCSACOMCAST CORP NEWhistory →CL A0.51%$192M4.10M
40PEPPEPSICO INChistory →COM0.49%$184M1.10M
41NSCNORFOLK SOUTHN CORPhistory →COM0.49%$184M645.7K
42EXMOCEXXON MOBIL CORPhistory →COM0.49%$183M2.22M
43NETCLOUDFLARE INChistory →CL A COM0.48%$182M1.52M
44DOCUDOCUSIGN INChistory →COM0.48%$181M1.69M
45ILMNILLUMINA INChistory →COM0.47%$176M502.9K
46UNITED STATES STL CORP NEWCOM0.46%$175M4.63M
47PPURE STORAGE INChistory →CL A0.46%$174M4.92M
48CITRIX SYS INCCOM0.46%$173M1.71M
49BAXBAXTER INTL INChistory →COM0.45%$170M2.19M
50OVVOVINTIV INChistory →COM0.44%$167M3.09M
51ORLYOREILLY AUTOMOTIVE INChistory →COM0.44%$165M241.6K
52ZTSZOETIS INChistory →CL A0.44%$164M870.8K
53ETSYETSY INChistory →COM0.43%$163M1.31M
54MARATHON OIL CORPCOM0.43%$163M6.49M
55IVVISHARES TRCORE S&P500 ETF · RUS 1000 GRW ETF · MSCI USA MIN VOL · S&P 500 GRWT ETF · CORE HIGH DV ETF · ISHARES BIOTECH0.42%$158M1.17M
56CRWDCROWDSTRIKE HLDGS INChistory →CL A0.42%$158M693.8K
57CSCOCISCO SYS INChistory →COM0.42%$157M2.81M
58AMDADVANCED MICRO DEVICES INChistory →COM0.41%$153M1.40M
59CARAVIS BUDGET GROUPhistory →COM0.40%$152M577.4K
60EMREMERSON ELEC COhistory →COM0.40%$152M1.55M
61CHKPCHECK POINT SOFTWARE TECH LThistory →ORD0.40%$151M1.09M
62AZOAUTOZONE INChistory →COM0.40%$150M73.3K
63AAGILENT TECHNOLOGIES INChistory →COM0.39%$147M1.11M
64VMWARE INCCL A COM0.38%$143M1.26M
65ARISTA NETWORKS INCCOM0.38%$143M1.03M
66EWEDWARDS LIFESCIENCES CORPhistory →COM0.37%$137M1.17M
67ARANTERO RESOURCES CORPhistory →COM0.36%$137M4.48M
68EBAYEBAY INC.history →COM0.35%$132M2.30M
69DXCMDEXCOM INChistory →COM0.35%$131M256.5K
70UNPUNION PAC CORPhistory →COM0.35%$131M479.8K
71MDLZMONDELEZ INTL INChistory →CL A0.34%$128M2.04M
72AKAMAKAMAI TECHNOLOGIES INChistory →COM0.33%$123M1.03M
73AAALCOA CORPhistory →COM0.33%$123M1.36M
74DBXDROPBOX INChistory →CL A0.32%$120M5.17M
75DRAFTKINGS INCCOM CL A0.31%$116M5.96M
76YRIYAMANA GOLD INChistory →COM0.30%$112M20.01M
77MAMASTERCARD INCORPORATEDhistory →CL A0.30%$111M311.0K
78MCHPMICROCHIP TECHNOLOGY INC.history →COM0.29%$110M1.47M
79TGTTARGET CORPhistory →COM0.29%$107M505.9K
80KHCKRAFT HEINZ COhistory →COM0.28%$107M2.72M
81SNPSSYNOPSYS INChistory →COM0.28%$106M316.6K
82ORCLORACLE CORPhistory →COM0.28%$105M1.27M
83TWITTER INCCOM0.27%$103M2.65M
84MOALTRIA GROUP INChistory →COM0.27%$102M1.95M
85DTDYNATRACE INChistory →COM NEW0.27%$101M2.14M
86CLCOLGATE PALMOLIVE COhistory →COM0.27%$101M1.33M
87IQVIQVIA HLDGS INChistory →COM0.27%$100M431.2K
88STLASTELLANTIS N.Vhistory →SHS0.26%$99M6.11M
89VEEVVEEVA SYS INChistory →CL A COM0.26%$99M467.4K
90MIMECAST LTDORD SHS0.26%$98M1.24M
91KOCOCA COLA COhistory →COM0.26%$96M1.55M
92ECLECOLAB INChistory →COM0.25%$96M543.1K
93CNICANADIAN NATL RY COhistory →COM0.25%$94M699.3K
94NDAQNASDAQ INChistory →COM0.25%$92M517.7K
95AALAMERICAN AIRLS GROUP INChistory →COM0.24%$91M5.01M
96QQQINVESCO QQQ TRhistory →UNIT SER 10.24%$91M251.2K
97ZENDESK INCCOM0.24%$91M756.9K
98ADSKAUTODESK INChistory →COM0.24%$89M412.9K
99CDNSCADENCE DESIGN SYSTEM INChistory →COM0.23%$86M523.2K
100NVDANVIDIA CORPORATIONhistory →COM0.23%$86M314.8K

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 6 additional managers.

  • 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 ↗.