SEC 13F Intelligence

Managers / Q4 2024 · 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
$43.2B
Q4 2024
Positions
2,329
Filings on Record
31
2019–present window
Filed
Feb 14, 2025
original filing

Summary

Two Sigma Advisers, LP reported $43.2B in U.S.-listed holdings across 2,329 positions for Q4 2024.

Its largest position, AAPL, represents 3.2% of the portfolio.

Compared with Q3 2024, the fund opened 347 new positions and exited 278.

Portfolio Metrics

Turnover
+29.1%
vs prior filed quarter
Top-10 Concentration
+19.9%
share of reported value
Largest Position
+3.2%
Apple
New / Exited
347 / 278
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: 90.9%Other: 5.7%ADR: 1.9%REIT: 1.1%NY Reg Shrs: 0.2%Other: 0.1%
  • Common Stock · 90.9% · $39.3B
  • Other · 5.7% · $2.5B
  • ADR · 1.9% · $835M
  • REIT · 1.1% · $490M
  • NY Reg Shrs · 0.2% · $97M
  • Other · 0.1% · $36M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SOFISOFI TECHNOLOGIES INCNEW+19.48M19.48M+$300M$300M
INTCINTEL CORPNEW+14.45M14.45M+$290M$290M
LRCXLAM RESEARCH CORPNEW+3.89M3.89M+$281M$281M
NEENEXTERA ENERGY INCNEW+3.35M3.35M+$240M$240M
RDDTREDDIT INCNEW+687.1K687.1K+$112M$112M
TOSTTOAST INCNEW+2.39M2.39M+$87M$87M
CNCCENTENE CORP DELNEW+1.31M1.31M+$79M$79M
PANWPALO ALTO NETWORKS INCNEW+406.5K406.5K+$74M$74M

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

Holdings — Q4 2024

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM3.22%$1.4B5.55M
2NVDANVIDIA CORPORATIONhistory →COM2.85%$1.2B9.17M
3MSFTMICROSOFT CORPhistory →COM2.83%$1.2B2.90M
4AMZNAMAZON COM INChistory →COM2.26%$975M4.44M
5GOOGLALPHABET INChistory →CAP STK CL A1.73%$747M3.95M
6METAMETA PLATFORMS INChistory →CL A1.68%$726M1.24M
7LLYELI LILLY & COhistory →COM1.43%$619M802.4K
8VVISA INChistory →COM CL A1.43%$616M1.95M
9MAMASTERCARD INCORPORATEDhistory →CL A1.31%$568M1.08M
10TSLATESLA INChistory →COM1.20%$517M1.28M
11BACBANK AMERICA CORPhistory →COM1.19%$513M11.68M
12LMTLOCKHEED MARTIN CORPhistory →COM1.13%$489M1.01M
13CMECME GROUP INChistory →COM1.13%$488M2.10M
14MRKMERCK & CO INChistory →COM1.12%$486M4.89M
15TMOTHERMO FISHER SCIENTIFIC INChistory →COM1.12%$485M933.2K
16DASHDOORDASH INChistory →CL A1.12%$484M2.88M
17FTNTFORTINET INChistory →COM1.02%$440M4.66M
18RBLXROBLOX CORPhistory →CL A0.97%$420M7.26M
19SNOWSNOWFLAKE INChistory →CL A0.97%$418M2.70M
20NOCNORTHROP GRUMMAN CORPhistory →COM0.97%$417M888.7K
21NFLXNETFLIX INChistory →COM0.95%$412M461.9K
22ABNBAIRBNB INChistory →COM CL A0.94%$405M3.08M
23AMGNAMGEN INChistory →COM0.93%$403M1.55M
24QCOMQUALCOMM INChistory →COM0.93%$403M2.62M
25HOODROBINHOOD MKTS INChistory →COM CL A0.92%$399M10.70M
26ADBEADOBE INChistory →COM0.91%$395M889.0K
27CSCOCISCO SYS INChistory →COM0.87%$377M6.37M
28DHRDANAHER CORPORATIONhistory →COM0.87%$376M1.64M
29ABGCENCORA INChistory →COM0.85%$368M1.64M
30LNGCHENIERE ENERGY INChistory →COM NEW0.82%$355M1.65M
31CVNACARVANA COhistory →CL A0.79%$341M1.68M
32AVGOBROADCOM INChistory →COM0.77%$333M1.43M
33PGRPROGRESSIVE CORPhistory →COM0.76%$328M1.37M
34SOFISOFI TECHNOLOGIES INChistory →COM0.69%$300M19.48M
35INTCINTEL CORPhistory →COM0.67%$290M14.45M
36LRCXLAM RESEARCH CORPhistory →COM NEW0.65%$281M3.89M
37NKENIKE INChistory →CL B0.64%$276M3.64M
38MSCIMSCI INChistory →COM0.59%$255M425.5K
39PFEPFIZER INChistory →COM0.57%$248M9.33M
40COSTCOSTCO WHSL CORP NEWhistory →COM0.57%$247M270.1K
41NEENEXTERA ENERGY INChistory →COM0.56%$240M3.35M
42ICEINTERCONTINENTAL EXCHANGE INhistory →COM0.56%$240M1.61M
43HUMHUMANA INChistory →COM0.53%$230M906.3K
44CAGCONAGRA BRANDS INChistory →COM0.52%$226M8.13M
45CITHE CIGNA GROUPhistory →COM0.52%$225M816.2K
46GDGENERAL DYNAMICS CORPhistory →COM0.50%$215M817.0K
47CAVACAVA GROUP INChistory →COM0.50%$214M1.90M
48NORWEGIAN CRUISE LINE HLDG LSHS0.46%$198M7.69M
49FTAI AVIATION LTDSHS0.44%$188M1.31M
50NDAQNASDAQ INChistory →COM0.42%$180M2.33M

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 5 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 Equity Risk Premia Portfolio, LLC028-17346
  • Two Sigma World Core Fund, LP028-17350

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 ↗.