SEC 13F Intelligence

Managers / Q3 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
$34.5B
Q3 2022
Positions
2,518
Filings on Record
31
2019–present window
Filed
Nov 14, 2022
original filing

Summary

Two Sigma Advisers, LP reported $34.5B in U.S.-listed holdings across 2,518 positions for Q3 2022.

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

Compared with Q2 2022, the fund opened 240 new positions and exited 341.

Portfolio Metrics

Turnover
+20.4%
vs prior filed quarter
Top-10 Concentration
+13.8%
share of reported value
Largest Position
+2.2%
Microsoft
New / Exited
240 / 341
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: 88.7%ADR: 4.1%ETP: 3.5%Other: 1.8%REIT: 1.7%Other: 0.3%
  • Common Stock · 88.7% · $30.7B
  • ADR · 4.1% · $1.4B
  • ETP · 3.5% · $1.2B
  • Other · 1.8% · $615M
  • REIT · 1.7% · $578M
  • Other · 0.3% · $97M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GSKGSK PLCNEW+4.51M4.51M+$133M$133M
XBISPDR SER TRNEW+1.33M1.33M+$105M$105M
PGRPROGRESSIVE CORPNEW+381.5K381.5K+$44M$44M
CRMSALESFORCE INCNEW+262.7K262.7K+$38M$38M
DIASPDR DOW JONES INDL AVERAGENEW+120.7K120.7K+$35M$35M
PRPERMIAN RESOURCES CORPNEW+4.78M4.78M+$32M$32M
NEENEXTERA ENERGY INCNEW+308.2K308.2K+$24M$24M
TDTORONTO DOMINION BK ONTNEW+334.6K334.6K+$21M$21M

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

Holdings — Q3 2022

490 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM2.20%$761M3.27M
2JNJJOHNSON & JOHNSONhistory →COM1.47%$509M3.12M
3VVISA INChistory →COM CL A1.37%$473M2.66M
4TSLATESLA INChistory →COM1.35%$466M1.76M
5AAPLAPPLE INChistory →COM1.32%$457M3.30M
6ADBEADOBE SYSTEMS INCORPORATEDhistory →COM1.24%$427M1.55M
7JPMJPMORGAN CHASE & COhistory →COM1.24%$427M4.09M
8GOOGLALPHABET INChistory →CAP STK CL A1.23%$424M4.43M
9METAMETA PLATFORMS INChistory →CL A1.21%$418M3.08M
10ENPHENPHASE ENERGY INChistory →COM1.14%$394M1.42M
11INTCINTEL CORPhistory →COM1.13%$390M15.15M
12CSCOCISCO SYS INChistory →COM1.12%$388M9.70M
13AMGNAMGEN INChistory →COM1.10%$379M1.68M
14MDTMEDTRONIC PLChistory →SHS1.08%$372M4.60M
15GILDGILEAD SCIENCES INChistory →COM1.05%$362M5.86M
16XLKSELECT SECTOR SPDR TRTECHNOLOGY · SBI CONS STPLS · COMMUNICATION · SBI HEALTHCARE0.95%$327M4.08M
17PANWPALO ALTO NETWORKS INChistory →COM0.86%$297M1.81M
18MOALTRIA GROUP INChistory →COM0.84%$290M7.18M
19ABNBAIRBNB INChistory →COM CL A0.81%$280M2.66M
20LMTLOCKHEED MARTIN CORPhistory →COM0.78%$270M698.2K
21CSXCSX CORPhistory →COM0.76%$262M9.84M
22UNPUNION PAC CORPhistory →COM0.75%$259M1.33M
23ADPAUTOMATIC DATA PROCESSING INhistory →COM0.75%$257M1.14M
24ORCLORACLE CORPhistory →COM0.73%$252M4.13M
25TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS0.68%$236M3.45M
26BIIBBIOGEN INChistory →COM0.68%$234M876.3K
27MRKMERCK & CO INChistory →COM0.66%$228M2.65M
28MDLZMONDELEZ INTL INChistory →CL A0.64%$220M4.02M
29BMYBRISTOL-MYERS SQUIBB COhistory →COM0.63%$217M3.05M
30SNAPSNAP INChistory →CL A0.62%$215M21.90M
31ZMZOOM VIDEO COMMUNICATIONS INhistory →CL A0.58%$200M2.72M
32PGPROCTER AND GAMBLE COhistory →COM0.56%$195M1.54M
33CMCSACOMCAST CORP NEWhistory →CL A0.54%$185M6.30M
34CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.53%$184M605.4K
35CDNSCADENCE DESIGN SYSTEM INChistory →COM0.52%$178M1.09M
36NVSNOVARTIS AGhistory →SPONSORED ADR0.51%$178M2.34M
37IGVISHARES TREXPANDED TECH · MSCI USA MIN VOL · RUS 1000 GRW ETF · CORE S&P500 ETF · ISHARES SEMICDTR · S&P 500 GRWT ETF · CORE HIGH DV ETF0.50%$174M1.34M
38ILMNILLUMINA INChistory →COM0.50%$173M906.5K
39ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.50%$172M667.3K
40EQTEQT CORPhistory →COM0.50%$171M4.20M
41GDGENERAL DYNAMICS CORPhistory →COM0.46%$158M745.6K
42PYPLPAYPAL HLDGS INChistory →COM0.45%$157M1.82M
43BAXBAXTER INTL INChistory →COM0.45%$155M2.87M
44DOCUDOCUSIGN INChistory →COM0.45%$154M2.89M
45QQQINVESCO QQQ TRhistory →UNIT SER 10.43%$149M559.1K
46SPYSPDR S&P 500 ETF TRhistory →TR UNIT0.43%$149M416.8K
47ATLASSIAN CORP PLCCL A0.42%$145M688.0K
48NKENIKE INChistory →CL B0.41%$143M1.72M
49PEPPEPSICO INChistory →COM0.41%$142M871.1K
50NVDANVIDIA CORPORATIONhistory →COM0.40%$140M1.15M
51NEMNEWMONT CORPhistory →COM0.40%$139M3.30M
52FTNTFORTINET INChistory →COM0.40%$139M2.83M
53MARATHON OIL CORPCOM0.39%$135M5.97M
54NSCNORFOLK SOUTHN CORPhistory →COM0.39%$135M642.4K
55SMHVANECK ETF TRUSTSEMICONDUCTR ETF · GOLD MINERS ETF0.39%$134M2.78M
56CCITIGROUP INChistory →COM NEW0.39%$134M3.22M
57PBRPETROLEO BRASILEIRO SA PETROhistory →SPONSORED ADR0.39%$133M10.81M
58GSKGSK PLChistory →SPONSORED ADR0.38%$133M4.51M
59AVGOBROADCOM INChistory →COM0.38%$131M294.8K
60ADSKAUTODESK INChistory →COM0.38%$131M700.3K
61AMZNAMAZON COM INChistory →COM0.38%$130M1.15M
62PFEPFIZER INChistory →COM0.38%$130M2.97M
63VMWARE INCCL A COM0.37%$128M1.20M
64ARISTA NETWORKS INCCOM0.36%$124M1.10M
65COINCOINBASE GLOBAL INChistory →COM CL A0.36%$123M1.90M
66KMBKIMBERLY-CLARK CORPhistory →COM0.35%$123M1.09M
67MAMASTERCARD INCORPORATEDhistory →CL A0.35%$122M430.1K
68PPURE STORAGE INChistory →CL A0.35%$119M4.36M
69HONHONEYWELL INTL INChistory →COM0.34%$118M707.9K
70ETSYETSY INChistory →COM0.34%$117M1.17M
71PINSPINTEREST INChistory →CL A0.34%$117M5.03M
72KRKROGER COhistory →COM0.34%$116M2.66M
73ZTSZOETIS INChistory →CL A0.34%$116M780.9K
74BSXBOSTON SCIENTIFIC CORPhistory →COM0.33%$115M2.96M
75KHCKRAFT HEINZ COhistory →COM0.33%$114M3.42M
76LNGCHENIERE ENERGY INChistory →COM NEW0.32%$112M674.4K
77EAELECTRONIC ARTS INChistory →COM0.32%$111M961.4K
78EWEDWARDS LIFESCIENCES CORPhistory →COM0.32%$111M1.34M
79EMREMERSON ELEC COhistory →COM0.32%$111M1.51M
80ARANTERO RESOURCES CORPhistory →COM0.31%$107M3.51M
81CFCF INDS HLDGS INChistory →COM0.31%$106M1.10M
82AALAMERICAN AIRLS GROUP INChistory →COM0.31%$106M8.80M
83XBISPDR SER TRhistory →S&P BIOTECH0.31%$105M1.33M
84CHKPCHECK POINT SOFTWARE TECH LThistory →ORD0.30%$104M929.8K
85ZSZSCALER INChistory →COM0.30%$104M630.9K
86OTISOTIS WORLDWIDE CORPhistory →COM0.30%$103M1.62M
87SNPSSYNOPSYS INChistory →COM0.30%$103M336.7K
88SCHWSCHWAB CHARLES CORPhistory →COM0.30%$103M1.43M
89BPBP PLChistory →SPONSORED ADR0.29%$101M3.53M
90QCOMQUALCOMM INChistory →COM0.29%$99M873.2K
91PDDPINDUODUO INChistory →SPONSORED ADS0.28%$97M1.55M
92MSCIMSCI INChistory →COM0.28%$96M227.7K
93CATCATERPILLAR INChistory →COM0.28%$95M581.9K
94CVXCHEVRON CORP NEWhistory →COM0.26%$91M635.8K
95VTRSVIATRIS INChistory →COM0.26%$91M10.71M
96CLCOLGATE PALMOLIVE COhistory →COM0.26%$91M1.30M
97PAYXPAYCHEX INChistory →COM0.26%$91M811.4K
98CRWDCROWDSTRIKE HLDGS INChistory →CL A0.26%$90M543.9K
99NTAPNETAPP INChistory →COM0.25%$87M1.41M
100ABTABBOTT LABShistory →COM0.25%$87M896.4K

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 ↗.