SEC 13F Intelligence

Managers / Q4 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
$35.8B
Q4 2022
Positions
2,493
Filings on Record
31
2019–present window
Filed
Feb 14, 2023
original filing

Summary

Two Sigma Advisers, LP reported $35.8B in U.S.-listed holdings across 2,493 positions for Q4 2022.

Its largest position, AMZN, represents 1.6% of the portfolio.

Compared with Q3 2022, the fund opened 295 new positions and exited 320.

Portfolio Metrics

Turnover
+21.6%
vs prior filed quarter
Top-10 Concentration
+13.6%
share of reported value
Largest Position
+1.6%
Amazon Com
New / Exited
295 / 320
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: 7.9%ADR: 4.4%REIT: 1.5%ETP: 1.3%Other: 0.3%
  • Common Stock · 84.6% · $30.3B
  • Other · 7.9% · $2.8B
  • ADR · 4.4% · $1.6B
  • REIT · 1.5% · $544M
  • ETP · 1.3% · $467M
  • Other · 0.3% · $90M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMDADVANCED MICRO DEVICES INCNEW+3.83M3.83M+$248M$248M
SIVBEURSVB FINANCIAL GROUPNEW+523.2K523.2K+$120M$120M
YUMYUM BRANDS INCNEW+681.2K681.2K+$87M$87M
GNRCGENERAC HLDGS INCNEW+497.1K497.1K+$50M$50M
GPKGRAPHIC PACKAGING HLDG CONEW+1.73M1.73M+$38M$38M
BABOEING CONEW+150.9K150.9K+$29M$29M
EQUITY COMWLTHNEW+1.04M1.04M+$26M$26M
SELECT SECTOR SPDR TRNEW+201.7K201.7K+$26M$26M

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

Holdings — Q4 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON COM INChistory →COM1.61%$576M6.86M
2MSFTMICROSOFT CORPhistory →COM1.60%$571M2.38M
3JNJJOHNSON & JOHNSONhistory →COM1.49%$532M3.01M
4GOOGLALPHABET INChistory →CAP STK CL A1.44%$515M5.83M
5VVISA INChistory →COM CL A1.42%$507M2.44M
6CSCOCISCO SYS INChistory →COM1.27%$456M9.57M
7ADBEADOBE SYSTEMS INCORPORATEDhistory →COM1.24%$443M1.32M
8GILDGILEAD SCIENCES INChistory →COM1.21%$433M5.05M
9LMTLOCKHEED MARTIN CORPhistory →COM1.20%$431M886.3K
10MEDTRONIC PLCSHS1.16%$416M5.36M
11MCDMCDONALDS CORPhistory →COM1.16%$415M1.57M
12AMGNAMGEN INChistory →COM1.13%$404M1.54M
13UNPUNION PAC CORPhistory →COM1.10%$395M1.91M
14TSLATESLA INChistory →COM1.09%$391M3.17M
15AAPLAPPLE INChistory →COM1.08%$386M2.97M
16ENPHENPHASE ENERGY INChistory →COM0.99%$354M1.34M
17PYPLPAYPAL HLDGS INChistory →COM0.98%$352M4.94M
18TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS0.96%$345M4.63M
19CSXCSX CORPhistory →COM0.89%$319M10.29M
20PANWPALO ALTO NETWORKS INChistory →COM0.86%$307M2.20M
21ORCLORACLE CORPhistory →COM0.85%$304M3.71M
22INTCINTEL CORPhistory →COM0.83%$297M11.25M
23CMECME GROUP INChistory →COM0.82%$293M1.74M
24ADPAUTOMATIC DATA PROCESSING INhistory →COM0.76%$274M1.15M
25EWEDWARDS LIFESCIENCES CORPhistory →COM0.73%$261M3.50M
26PGPROCTER AND GAMBLE COhistory →COM0.70%$250M1.65M
27AMDADVANCED MICRO DEVICES INChistory →COM0.69%$248M3.83M
28BPBP PLChistory →SPONSORED ADR0.69%$248M7.10M
29ABNBAIRBNB INChistory →COM CL A0.68%$244M2.86M
30BIIBBIOGEN INChistory →COM0.62%$223M804.3K
31BAXBAXTER INTL INChistory →COM0.62%$221M4.33M
32MDLZMONDELEZ INTL INChistory →CL A0.61%$220M3.30M
33ZMZOOM VIDEO COMMUNICATIONS INhistory →CL A0.58%$208M3.07M
34TRVCCITIGROUP INChistory →COM NEW0.58%$208M4.60M
35KRKROGER COhistory →COM0.56%$202M4.52M
36GDGENERAL DYNAMICS CORPhistory →COM0.56%$202M812.6K
37ADSKAUTODESK INChistory →COM0.54%$193M1.03M
38DOCUDOCUSIGN INChistory →COM0.53%$190M3.42M
39ABGAMERISOURCEBERGEN CORPhistory →COM0.49%$177M1.07M
40MRO*MARATHON OIL CORPhistory →COM0.48%$171M6.33M
41SNAPSNAP INChistory →CL A0.47%$168M18.74M
42ETSYETSY INChistory →COM0.46%$166M1.39M
43ANETEURARISTA NETWORKS INChistory →COM0.46%$165M1.36M
44ACCENTURE PLC IRELANDSHS CLASS A0.45%$162M607.5K
45MOALTRIA GROUP INChistory →COM0.43%$153M3.35M
46SNPSSYNOPSYS INChistory →COM0.43%$153M478.1K
47CRWDCROWDSTRIKE HLDGS INChistory →CL A0.42%$151M1.44M
48USBUS BANCORP DELhistory →COM NEW0.42%$150M3.43M
49BSXBOSTON SCIENTIFIC CORPhistory →COM0.42%$149M3.22M
50FTNTFORTINET INChistory →COM0.41%$147M3.00M

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 ↗.