SEC 13F Intelligence

Managers / Q3 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
$39.0B
Q3 2023
Positions
2,362
Filings on Record
31
2019–present window
Filed
Nov 14, 2023
original filing

Summary

Two Sigma Advisers, LP reported $39.0B in U.S.-listed holdings across 2,362 positions for Q3 2023.

Its largest position, AAPL, represents 2.8% of the portfolio.

Compared with Q2 2023, the fund opened 313 new positions and exited 308.

Portfolio Metrics

Turnover
+29.4%
vs prior filed quarter
Top-10 Concentration
+16.4%
share of reported value
Largest Position
+2.8%
Apple
New / Exited
313 / 308
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: 86.3%Other: 6.1%ETP: 4.4%ADR: 2.2%REIT: 0.7%Other: 0.2%
  • Common Stock · 86.3% · $33.7B
  • Other · 6.1% · $2.4B
  • ETP · 4.4% · $1.7B
  • ADR · 2.2% · $869M
  • REIT · 0.7% · $270M
  • Other · 0.2% · $85M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMDADVANCED MICRO DEVICES INCNEW+3.78M3.78M+$388M$388M
ELLAUDER ESTEE COS INCNEW+1.51M1.51M+$218M$218M
NFLXNETFLIX INCNEW+489.4K489.4K+$185M$185M
SELECT SECTOR SPDR TRNEW+821.6K821.6K+$135M$135M
LVSLAS VEGAS SANDS CORPNEW+1.61M1.61M+$74M$74M
KLACKLA CORPNEW+157.6K157.6K+$72M$72M
RTXRTX CORPORATIONNEW+980.0K980.0K+$71M$71M
MCXMCCORMICK & CO INCNEW+558.4K558.4K+$42M$42M

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

Holdings — Q3 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM2.81%$1.1B6.41M
2MSFTMICROSOFT CORPhistory →COM2.62%$1.0B3.23M
3NVDANVIDIA CORPORATIONhistory →COM1.80%$701M1.61M
4GOOGLALPHABET INChistory →CAP STK CL A1.61%$629M4.81M
5AMZNAMAZON COM INChistory →COM1.50%$584M4.60M
6TSLATESLA INChistory →COM1.29%$505M2.02M
7VVISA INChistory →COM CL A1.25%$490M2.13M
8METAMETA PLATFORMS INChistory →CL A1.22%$476M1.59M
9NKENIKE INChistory →CL B1.17%$458M4.79M
10KOCOCA COLA COhistory →COM1.11%$432M7.72M
11PFEPFIZER INChistory →COM1.10%$430M12.96M
12MUMICRON TECHNOLOGY INChistory →COM1.06%$413M6.08M
13AMGNAMGEN INChistory →COM1.00%$391M1.46M
14AMDADVANCED MICRO DEVICES INChistory →COM0.99%$388M3.78M
15BMYBRISTOL-MYERS SQUIBB COhistory →COM0.98%$384M6.62M
16LLYELI LILLY & COhistory →COM0.94%$368M685.9K
17LMTLOCKHEED MARTIN CORPhistory →COM0.94%$366M895.1K
18QCOMQUALCOMM INChistory →COM0.93%$362M3.26M
19ELVELEVANCE HEALTH INChistory →COM0.89%$348M799.5K
20CVSCVS HEALTH CORPhistory →COM0.88%$345M4.94M
21TAT&T INChistory →COM0.87%$341M22.69M
22HONGBPHONEYWELL INTL INChistory →COM0.85%$333M1.80M
23EMREMERSON ELEC COhistory →COM0.80%$313M3.25M
24PGPROCTER AND GAMBLE COhistory →COM0.79%$308M2.11M
25SBUXSTARBUCKS CORPhistory →COM0.76%$297M3.26M
26PANWPALO ALTO NETWORKS INChistory →COM0.72%$281M1.20M
27GILDGILEAD SCIENCES INChistory →COM0.71%$278M3.71M
28ZMZOOM VIDEO COMMUNICATIONS INhistory →CL A0.70%$274M3.92M
29PLTRPALANTIR TECHNOLOGIES INChistory →CL A0.70%$273M17.09M
30FFORD MTR CO DELhistory →COM0.68%$265M21.36M
31NEENEXTERA ENERGY INChistory →COM0.67%$261M4.56M
32ADPAUTOMATIC DATA PROCESSING INhistory →COM0.67%$260M1.08M
33LILI AUTO INChistory →SPONSORED ADS0.62%$240M6.74M
34MCDMCDONALDS CORPhistory →COM0.61%$239M907.0K
35CCL1EURCARNIVAL CORPhistory →COMMON STOCK0.61%$238M17.37M
36PYPLPAYPAL HLDGS INChistory →COM0.59%$231M3.95M
37DASHDOORDASH INChistory →CL A0.57%$222M2.80M
38ABBVABBVIE INChistory →COM0.56%$220M1.48M
39ELLAUDER ESTEE COS INChistory →CL A0.56%$218M1.51M
40JOHNSON CTLS INTL PLCSHS0.54%$212M3.98M
41NSCNORFOLK SOUTHN CORPhistory →COM0.54%$211M1.07M
42MEDTRONIC PLCSHS0.53%$207M2.64M
43REGNREGENERON PHARMACEUTICALShistory →COM0.51%$200M242.9K
44CSXCSX CORPhistory →COM0.50%$194M6.29M
45VMWEURVMWARE INChistory →CL A COM0.49%$193M1.16M
46PINSPINTEREST INChistory →CL A0.49%$193M7.12M
47HPEHEWLETT PACKARD ENTERPRISE Chistory →COM0.49%$191M10.99M
48CMECME GROUP INChistory →COM0.49%$190M951.4K
49CRWDCROWDSTRIKE HLDGS INChistory →CL A0.48%$189M1.13M
50NFLXNETFLIX INChistory →COM0.47%$185M489.4K

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 ↗.