SEC 13F Intelligence

Managers / Q4 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
$42.7B
Q4 2023
Positions
2,480
Filings on Record
31
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Two Sigma Advisers, LP reported $42.7B in U.S.-listed holdings across 2,480 positions for Q4 2023.

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

Compared with Q3 2023, the fund opened 360 new positions and exited 242.

Portfolio Metrics

Turnover
+24.5%
vs prior filed quarter
Top-10 Concentration
+16.5%
share of reported value
Largest Position
+2.8%
Apple
New / Exited
360 / 242
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: 86.4%Other: 5.7%ETP: 4.7%ADR: 2.4%REIT: 0.6%Other: 0.2%
  • Common Stock · 86.4% · $36.9B
  • Other · 5.7% · $2.4B
  • ETP · 4.7% · $2.0B
  • ADR · 2.4% · $1.0B
  • REIT · 0.6% · $261M
  • Other · 0.2% · $94M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XYZBLOCK INCNEW+3.08M3.08M+$238M$238M
ROKROCKWELL AUTOMATION INCNEW+431.7K431.7K+$134M$134M
HESHESS CORPNEW+910.5K910.5K+$131M$131M
SEDGSOLAREDGE TECHNOLOGIES INCNEW+1.10M1.10M+$103M$103M
SSENTINELONE INCNEW+2.79M2.79M+$76M$76M
UBERUBER TECHNOLOGIES INCNEW+1.10M1.10M+$67M$67M
ISHARES INCNEW+1.67M1.67M+$58M$58M
GTLBGITLAB INCNEW+677.7K677.7K+$43M$43M

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

Holdings — Q4 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM2.84%$1.2B6.30M
2MSFTMICROSOFT CORPhistory →COM2.74%$1.2B3.11M
3AMZNAMAZON COM INChistory →COM1.78%$759M4.99M
4NVDANVIDIA CORPORATIONhistory →COM1.68%$717M1.45M
5GOOGLALPHABET INChistory →CAP STK CL A1.62%$692M4.95M
6VVISA INChistory →COM CL A1.31%$560M2.15M
7MRKMERCK & CO INChistory →COM1.21%$515M4.72M
8MUMICRON TECHNOLOGY INChistory →COM1.12%$480M5.63M
9NFLXNETFLIX INChistory →COM1.12%$479M982.9K
10PYPLPAYPAL HLDGS INChistory →COM1.08%$460M7.50M
11BMYBRISTOL-MYERS SQUIBB COhistory →COM1.07%$457M8.90M
12QCOMQUALCOMM INChistory →COM1.01%$431M2.98M
13PINSPINTEREST INChistory →CL A0.94%$403M10.87M
14METAMETA PLATFORMS INChistory →CL A0.93%$397M1.12M
15GMGENERAL MTRS COhistory →COM0.89%$380M10.59M
16CRWDCROWDSTRIKE HLDGS INChistory →CL A0.87%$370M1.45M
17LMTLOCKHEED MARTIN CORPhistory →COM0.82%$350M772.6K
18ELLAUDER ESTEE COS INChistory →CL A0.82%$349M2.38M
19AMGNAMGEN INChistory →COM0.78%$334M1.16M
20JNJJOHNSON & JOHNSONhistory →COM0.76%$326M2.08M
21MAMASTERCARD INCORPORATEDhistory →CL A0.73%$312M732.6K
22FTNTFORTINET INChistory →COM0.71%$304M5.19M
23CCL1EURCARNIVAL CORPhistory →UNIT 99/99/99990.70%$299M16.10M
24RBLXROBLOX CORPhistory →CL A0.69%$296M6.48M
25DASHDOORDASH INChistory →CL A0.68%$292M2.95M
26ZMZOOM VIDEO COMMUNICATIONS INhistory →CL A0.67%$286M3.97M
27EMREMERSON ELEC COhistory →COM0.65%$279M2.87M
28RIVNRIVIAN AUTOMOTIVE INChistory →COM CL A0.65%$279M11.89M
29JOHNSON CTLS INTL PLCSHS0.62%$264M4.59M
30FFORD MTR CO DELhistory →COM0.61%$262M21.52M
31LLYELI LILLY & COhistory →COM0.60%$257M440.5K
32CVSCVS HEALTH CORPhistory →COM0.59%$253M3.21M
33COINCOINBASE GLOBAL INChistory →COM CL A0.59%$252M1.45M
34SBUXSTARBUCKS CORPhistory →COM0.59%$252M2.62M
35DOCUDOCUSIGN INChistory →COM0.58%$249M4.18M
36XYZBLOCK INChistory →CL A0.56%$238M3.08M
37NEENEXTERA ENERGY INChistory →COM0.56%$237M3.91M
38AFRMAFFIRM HLDGS INChistory →COM CL A0.54%$231M4.71M
39LILI AUTO INChistory →SPONSORED ADS0.54%$229M6.11M
40ADPAUTOMATIC DATA PROCESSING INhistory →COM0.53%$228M979.8K
41GISGENERAL MLS INChistory →COM0.53%$227M3.48M
42HSYHERSHEY COhistory →COM0.53%$226M1.21M
43PATHUIPATH INChistory →CL A0.53%$225M9.07M
44HPEHEWLETT PACKARD ENTERPRISE Chistory →COM0.52%$224M13.17M
45SNAPSNAP INChistory →CL A0.51%$218M12.85M
46SPDR S&P 500 ETF TRTR UNIT0.51%$217M457.2K
47ZSZSCALER INChistory →COM0.50%$213M959.4K
48CSXCSX CORPhistory →COM0.48%$205M5.92M
49SNOWSNOWFLAKE INChistory →CL A0.48%$205M1.03M
50CLCOLGATE PALMOLIVE COhistory →COM0.48%$203M2.55M

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 ↗.