SEC 13F Intelligence

Managers / Q2 2023 · 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
$39.3B
Q2 2023
Positions
2,357
Filings on Record
31
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Two Sigma Advisers, LP reported $39.3B in U.S.-listed holdings across 2,357 positions for Q2 2023.

Its largest position, AAPL, represents 3.0% of the portfolio.

Compared with Q1 2023, the fund opened 229 new positions and exited 440.

Portfolio Metrics

Turnover
+27.2%
vs prior filed quarter
Top-10 Concentration
+14.0%
share of reported value
Largest Position
+3.0%
Apple
New / Exited
229 / 440
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: 85.8%Other: 7.3%ETP: 3.4%ADR: 2.2%REIT: 1.2%Other: 0.2%
  • Common Stock · 85.8% · $33.7B
  • Other · 7.3% · $2.9B
  • ETP · 3.4% · $1.3B
  • ADR · 2.2% · $854M
  • REIT · 1.2% · $453M
  • Other · 0.2% · $91M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NKENIKE INCNEW+3.79M3.79M+$418M$418M
NDQINVESCO QQQ TRNEW+467.8K467.8K+$173M$173M
SPDR S&P 500 ETF TRNEW+387.1K387.1K+$172M$172M
SOFISOFI TECHNOLOGIES INCNEW+13.49M13.49M+$112M$112M
UBERUBER TECHNOLOGIES INCNEW+2.53M2.53M+$109M$109M
UUNITY SOFTWARE INCNEW+1.47M1.47M+$64M$64M
IEXIDEX CORPNEW+151.4K151.4K+$33M$33M
BRK/BBERKSHIRE HATHAWAY INC DELNEW+94.7K94.7K+$32M$32M

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

Holdings — Q2 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM3.03%$1.2B6.13M
2NVDANVIDIA CORPORATIONhistory →COM1.84%$723M1.71M
3VVISA INChistory →COM CL A1.36%$535M2.25M
4MSFTMICROSOFT CORPhistory →COM1.25%$491M1.44M
5MCDMCDONALDS CORPhistory →COM1.12%$442M1.48M
6FFORD MTR CO DELhistory →COM1.11%$437M28.91M
7SCHWSCHWAB CHARLES CORPhistory →COM1.10%$432M7.62M
8METAMETA PLATFORMS INChistory →CL A1.06%$418M1.46M
9NKENIKE INChistory →CL B1.06%$418M3.79M
10HONGBPHONEYWELL INTL INChistory →COM1.04%$406M1.96M
11CVSCVS HEALTH CORPhistory →COM1.02%$399M5.77M
12PYPLPAYPAL HLDGS INChistory →COM0.97%$381M5.70M
13UNPUNION PAC CORPhistory →COM0.94%$369M1.80M
14LMTLOCKHEED MARTIN CORPhistory →COM0.93%$364M791.7K
15GOOGLALPHABET INChistory →CAP STK CL A0.92%$362M3.02M
16AMGNAMGEN INChistory →COM0.91%$356M1.60M
17EMREMERSON ELEC COhistory →COM0.84%$330M3.65M
18RBLXROBLOX CORPhistory →CL A0.84%$330M8.18M
19CSXCSX CORPhistory →COM0.83%$327M9.58M
20BABOEING COhistory →COM0.82%$320M1.52M
21NSCNORFOLK SOUTHN CORPhistory →COM0.79%$312M1.37M
22ADPAUTOMATIC DATA PROCESSING INhistory →COM0.79%$309M1.41M
23GILDGILEAD SCIENCES INChistory →COM0.78%$307M3.98M
24MUMICRON TECHNOLOGY INChistory →COM0.77%$301M4.78M
25PANWPALO ALTO NETWORKS INChistory →COM0.75%$293M1.15M
26SNAPSNAP INChistory →CL A0.71%$277M23.40M
27MEDTRONIC PLCSHS0.69%$270M3.06M
28JOHNSON CTLS INTL PLCSHS0.68%$268M3.93M
29KOCOCA COLA COhistory →COM0.68%$265M4.41M
30ZMZOOM VIDEO COMMUNICATIONS INhistory →CL A0.66%$258M3.81M
31CLCOLGATE PALMOLIVE COhistory →COM0.64%$252M3.27M
32TRVCCITIGROUP INChistory →COM NEW0.63%$246M5.34M
33WMTWALMART INChistory →COM0.61%$240M1.52M
34CMECME GROUP INChistory →COM0.60%$236M1.27M
35ELVELEVANCE HEALTH INChistory →COM0.59%$231M519.6K
36ABNBAIRBNB INChistory →COM CL A0.57%$223M1.74M
37FTNTFORTINET INChistory →COM0.56%$218M2.89M
38REGNREGENERON PHARMACEUTICALShistory →COM0.55%$215M299.3K
39ZSZSCALER INChistory →COM0.54%$211M1.44M
40AALAMERICAN AIRLS GROUP INChistory →COM0.53%$210M11.69M
41BPBP PLChistory →SPONSORED ADR0.53%$207M5.87M
42NDAQNASDAQ INChistory →COM0.52%$203M4.08M
43DOCUDOCUSIGN INChistory →COM0.50%$196M3.83M
44DYHTARGET CORPhistory →COM0.50%$195M1.48M
45KMBKIMBERLY-CLARK CORPhistory →COM0.49%$194M1.40M
46CCL1EURCARNIVAL CORPhistory →PUBLIC STOCK0.49%$192M10.20M
47ETSYETSY INChistory →COM0.49%$192M2.27M
48DASHDOORDASH INChistory →CL A0.49%$190M2.49M
49NEENEXTERA ENERGY INChistory →COM0.48%$190M2.57M
50PINSPINTEREST INChistory →CL A0.47%$183M6.69M

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 ↗.