Two Sigma Investments, LP

Two Sigma Investments, LP

Diversified strategyHigh-turnover traderMomentum follower

Total reported value

$123.9B

Reporting period: 2026-03-31 · Number of holdings: 4546

TWO SIGMA INVESTMENTS, LP disclosed 4546 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $123.9B and a quarterly turnover rate of 85.5%.

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Personality snowflake

Concentration
1.12
Portfolio Stability
85.47
Momentum/Contrarian
74.79
Sector conviction
40.3
Diversification
100
Sizing Uniformity
69.2

Recent moves

  • Add NVDA

    +519.6%　$1.7B

  • Add GOOGL

    +833.0%　$1.2B

  • Add AAPL

    +339.7%　$1.2B

  • Add AMZN

    +373.8%　$1.0B

  • Add JPM

    +721.3%　$898.3M

  • Add AVGO

    +7402.8%　$709.1M

Holdings Map

New buyAddUnchangedTrim

Institutional Game-State Analysis

Core Intent

Two Sigma is aggressively rotating capital into mega-cap momentum leaders (NVDA, AAPL, GOOGL, AMZN, AVGO) to capture factor-driven alpha from the AI/compute cycle — this is not a defensive shuffle but a deliberate bet on trend continuation, with the fund tripling conviction in names that already dominate market cap-weighted indices.

Macro & Fundamentals

By pushing Tech to 24% of the book and scaling JPM alongside high-duration growth names, Two Sigma is pricing in a soft-landing regime where sticky margins and sustained capex keep multiples extended; the opposing thesis is a liquidity trap where the same crowded names face multiple compression as rate normalization fails and momentum exhausts itself.

Blind Spots / Risks

AVGO went from 0.02% to 0.58% of the portfolio in a single quarter — a 29x weight increase that telegraphs a massive conviction bet on a single stock — but with 3,742 other positions and an 85% turnover rate, Two Sigma's hyper-diversification mask conceals a dangerous crowding into the most popular mega-cap trades, leaving the entire strategy vulnerable to a factor rotation that punishes the very momentum they are chasing.

The above is AI-generated from public regulatory filings and summarizes historical data only. It is not investment advice.

Top 10 holdings by weight

Full holdings list this quarter

Showing top 3742 holdings (of 4546 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1NVDANvidia CORPStock-Tech1.70%+1.19%+519.56%
2AAPLApple INCStock-Tech1.25%+0.72%+339.73%
3GOOGLAlphabet Inc-cl AStock-Comm Services1.12%+0.89%+833.00%
4AMZNAmazon.com INCStock-Consumer Disc1.08%+0.64%+373.75%
5TSLATesla INCStock-Consumer Disc0.93%+0.46%+323.87%
6JPMJpmorgan Chase & CoStock-Financials0.84%+0.64%+721.32%
7PLTRPalantir Technologies Inc-aStock-Tech0.80%+0.30%+244.04%
8COSTCostco Wholesale CORPStock-Consumer Staples0.72%+0.40%+243.89%
9TJXTjx Companies INCStock-Consumer Disc0.68%+0.30%+204.27%
10MAMastercard INC - AStock-Financials0.68%+0.32%+281.20%
11TMUST-mobile US INCStock-Comm Services0.66%+0.32%+228.71%
12LMTLockheed Martin CORPStock-Industrials0.66%+0.33%+177.31%
13BRK-BBerkshire Hathaway Inc-cl BStock-Other0.65%+0.02%+91.23%
14MUMicron Technology INCStock-Tech0.63%+0.20%+114.93%
15ADBEAdobe INCStock-Tech0.62%+0.25%+323.86%
16AVGOBroadcom INCStock-Tech0.58%+0.56%+7402.75%
17BMYBristol-myers Squibb CoStock-Healthcare0.57%+0.22%+148.59%
18PGRProgressive CORPStock-Financials0.56%+0.26%+272.81%
19RBLXRoblox CORP -class AStock-Comm Services0.55%+0.21%+304.10%
20ABTAbbott LaboratoriesStock-Healthcare0.53%+0.53%NEW
21ALNYAlnylam Pharmaceuticals INCStock-Healthcare0.53%+0.18%+223.41%
22ISRGIntuitive Surgical INCStock-Healthcare0.53%+0.16%+207.37%
23WDC 3 11-15-28Western Digital CORPStock-Tech0.52%+0.12%+42.57%
24REGNRegeneron PharmaceuticalsStock-Healthcare0.51%+0.20%+188.90%
25MSMorgan StanleyStock-Financials0.50%+0.22%+232.83%
26ROSTRoss Stores INCStock-Consumer Disc0.49%+0.33%+340.64%
27BSXBoston Scientific CORPStock-Healthcare0.48%+0.15%+280.43%
28NETCloudflare INC - Class AStock-Tech0.47%+0.12%+124.80%
29IBKRInteractive Brokers Gro-cl AStock-Financials0.45%+0.13%+135.48%
30WCNWaste Connections INCStock-Industrials0.45%+0.18%+219.15%
31METAMeta Platforms Inc-class AStock-Comm Services0.45%+0.23%+306.39%
32MSFTMicrosoft CORPStock-Tech0.44%—+160.02%
33SPYSs Spdr S&p 500 ETF Trust-usETF-Large Cap & Growth0.43%—+47.77%
34ASMLASML Holding N.V.Stock-Tech0.42%+0.32%+495.14%
35SNDKSandisk CORPStock-Tech0.41%+0.17%+12.11%
36SCHWSchwab (charles) CORPStock-Financials0.41%—+106.23%
37DELLDell Technologies -cStock-Tech0.41%+0.14%+103.09%
38CCitigroup INCStock-Financials0.41%+0.10%+138.25%
39KMBKimberly-clark CORPStock-Consumer Staples0.40%+0.10%+145.64%
40NOWServicenow INCStock-Tech0.40%—+191.37%
41BEBloom Energy Corp- AStock-Industrials0.39%+0.15%+85.00%
42AERAerCap Holdings N.V.Stock-Industrials0.39%—+129.75%
43ANETArista Networks INCStock-Tech0.39%—+131.95%
44WMWaste Management INCStock-Industrials0.38%—+126.01%
45MRNAModerna INCStock-Healthcare0.38%—+25.05%
46UNHUnitedhealth Group INCStock-Healthcare0.38%+0.31%+1041.53%
47GMGeneral Motors CoStock-Consumer Disc0.36%—+83.05%
48EQIXEquinix INCStock-Real Estate0.36%—+65.74%
49IONSIonis Pharmaceuticals INCStock-Healthcare0.35%—+120.32%
50ABNBAirbnb Inc-class AStock-Consumer Disc0.35%—+80.76%
1–50 of 3,742

Holding changes this quarter

Two Sigma Investments, LP's most significant position changes for 2026-03-31: New buy: Abbott Laboratories (ABT); New buy: Rtx CORP (RTX); Add: Nvidia CORP (NVDA) — shares +519.56%; Add: Alphabet Inc-cl A (GOOGL) — shares +833.00%; Add: Apple INC (AAPL) — shares +339.73%.

Position changes disclosed by Two Sigma Investments, LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1NVDANvidia CORP+1.2%+519.56%Add
2GOOGLAlphabet Inc-cl A+0.9%+833.00%Add
3AAPLApple INC+0.7%+339.73%Add
4AMZNAmazon.com INC+0.6%+373.75%Add
5JPMJpmorgan Chase & Co+0.6%+721.32%Add
6AVGOBroadcom INC+0.6%+7402.75%Add
7TSLATesla INC+0.5%+323.87%Add
8COSTCostco Wholesale CORP+0.4%+243.89%Add
9LMTLockheed Martin CORP+0.3%+177.31%Add
10ROSTRoss Stores INC+0.3%+340.64%Add
11MAMastercard INC - A+0.3%+281.20%Add
12TMUST-mobile US INC+0.3%+228.71%Add
13ASMLASML Holding N.V.+0.3%+495.14%Add
14UNHUnitedhealth Group INC+0.3%+1041.53%Add
15PLTRPalantir Technologies Inc-a+0.3%+244.04%Add
16TJXTjx Companies INC+0.3%+204.27%Add
17HSYHershey Co/the+0.3%+961.56%Add
18ITWIllinois Tool Works+0.3%+1467.55%Add
19DHRDanaher CORP+0.3%+4170.80%Add
20PGRProgressive CORP+0.3%+272.81%Add
21ADBEAdobe INC+0.3%+323.86%Add
22CMECme Group INC+0.3%+2822.74%Add
23TELTE Connectivity plc+0.3%+1282.69%Add
24METAMeta Platforms Inc-class A+0.2%+306.39%Add
25BACBank Of America CORP+0.2%+1540.02%Add
26BBarrick Mining CORP+0.2%+3690.20%Add
27BMYBristol-myers Squibb Co+0.2%+148.59%Add
28MSMorgan Stanley+0.2%+232.83%Add
29✓ Nebius Group NV+0.2%+3080.51%Add
30RBLXRoblox CORP -class A+0.2%+304.10%Add
31MUMicron Technology INC+0.2%+114.93%Add
32REGNRegeneron Pharmaceuticals+0.2%+188.90%Add
33ALNYAlnylam Pharmaceuticals INC+0.2%+223.41%Add
34WCNWaste Connections INC+0.2%+219.15%Add
35SNDKSandisk CORP+0.2%+12.11%Add
36GSGoldman Sachs Group INC+0.2%+381.09%Add
37ISRGIntuitive Surgical INC+0.2%+207.37%Add
38HONHoneywell International INC+0.2%+199.32%Add
39BSXBoston Scientific CORP+0.2%+280.43%Add
40BEBloom Energy Corp- A+0.2%+85.00%Add
41LNGCheniere Energy INC+0.2%+129.49%Add
42DELLDell Technologies -c+0.1%+103.09%Add
43IBKRInteractive Brokers Gro-cl A+0.1%+135.48%Add
44WDC 3 11-15-28Western Digital CORP+0.1%+42.57%Add
45NETCloudflare INC - Class A+0.1%+124.80%Add
46KMBKimberly-clark CORP+0.1%+145.64%Add
47CCitigroup INC+0.1%+138.25%Add
48BRK-BBerkshire Hathaway Inc-cl B0%+91.23%Add
49ABTAbbott Laboratories—NEWNew buy
50RTXRtx CORP—NEWNew buy

FAQ

What is Two Sigma Investments, LP and what type of investor is it?
Two Sigma Investments, LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $123.9B, spread across 4546 disclosed positions.
What are Two Sigma Investments, LP's largest equity positions?
Based on the latest 13F filing, Two Sigma Investments, LP's top holdings by market value are: 1. Nvidia CORP (NVDA) — $2.1B (1.7%) 2. Apple INC (AAPL) — $1.5B (1.3%) 3. Alphabet Inc-cl A (GOOGL) — $1.4B (1.1%) 4. Amazon.com INC (AMZN) — $1.3B (1.1%) 5. Tesla INC (TSLA) — $1.2B (0.9%)
What changes did Two Sigma Investments, LP make in its most recent portfolio filing?
In the latest quarter, Two Sigma Investments, LP was primarily adding exposure — initiating 2 new positions and adding to 48 existing holdings. The largest of these moves: New buy: Abbott Laboratories (ABT); New buy: Rtx CORP (RTX); Add: Nvidia CORP (NVDA) — shares +519.56%; Add: Alphabet Inc-cl A (GOOGL) — shares +833.00%; Add: Apple INC (AAPL) — shares +339.73%
What sectors does Two Sigma Investments, LP focus on?
Two Sigma Investments, LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 24.4% • Financials: 13.9% • Industrials: 12.9% • Health Care: 11.9% • Consumer Discretionary: 11.8% • Communication Services: 5.7%

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