Two Sigma Investments 13F, Q1 2025
Two Sigma · quarter ending 31 March 2025 · filed 15 May 2025 · SEC CIK 1179392
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 62 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q1 2025
The 25 largest of 3,100 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| SPDR S&P 500 ETF TR | SPY | $836.14M | 1.8% | +138% shares |
| SELECT SECTOR SPDR TR | XLK | $431.27M | 0.9% | +65% shares |
| INVESCO QQQ TR | QQQ | $425.61M | 0.9% | +22% shares |
| VANGUARD INDEX FDS | VUG | $378.57M | 0.8% | +18% shares |
| ISHARES TR | IWF | $375.75M | 0.8% | +9% shares |
| ISHARES TR | IVV | $314.10M | 0.7% | unchanged |
| CME GROUP INC | CME | $270.25M | 0.6% | unchanged |
| BROADCOM INC | AVGO | $261.13M | 0.6% | +2571% shares |
| SALESFORCE INC | CRM | $259.16M | 0.6% | +701% shares |
| LOCKHEED MARTIN CORP | LMT | $253.70M | 0.6% | +18% shares |
| NVIDIA CORPORATION | NVDA | $252.86M | 0.6% | +28% shares |
| CHENIERE ENERGY INC | LNG | $247.78M | 0.5% | unchanged |
| BOSTON SCIENTIFIC CORP | BSX | $246.22M | 0.5% | +229% shares |
| ALPHABET INC | GOOGL | $245.76M | 0.5% | +16% shares |
| MARVELL TECHNOLOGY INC | MRVL | $242.07M | 0.5% | +316% shares |
| SNOWFLAKE INC | SNOW | $240.92M | 0.5% | +16% shares |
| CENCORA INC | COR | $238.77M | 0.5% | +15% shares |
| MSCI INC | MSCI | $238.44M | 0.5% | +64% shares |
| PALANTIR TECHNOLOGIES INC | PLTR | $237.73M | 0.5% | +5014% shares |
| ADOBE INC | ADBE | $237.61M | 0.5% | +37% shares |
| REGENERON PHARMACEUTICALS | REGN | $235.98M | 0.5% | +977% shares |
| ROBLOX CORP | RBLX | $233.15M | 0.5% | -11% shares |
| TESLA INC | TSLA | $232.56M | 0.5% | +50% shares |
| APPLE INC | AAPL | $232.53M | 0.5% | -7% shares |
| ADVANCED MICRO DEVICES INC | AMD | $230.85M | 0.5% | new |
What changed since Q4 2024
Against the Q4 2024 filing, Two Sigma Investments opened 475 new positions, added to 1,188, trimmed 1,269, left 168 unchanged and exited 470. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- AMD$230.85M
- YUM$108.53M
- EXE$96.64M
- XLB$90.03M
- NEE 3 03/01/27$88.56M
- ROP$84.42M
- JUNIPER NETWORKS INC$79.24M
- TIP$71.78M
and 467 more
Exited
- BOOKING HOLDINGS INCwas $91.26M
- COINwas $44.96M
- AIwas $42.31M
- QIAGEN NVwas $41.88M
- ITAwas $39.01M
- MHKwas $37.35M
- VVwas $35.11M
- CVEwas $29.65M
and 462 more
Other quarters
Source: SEC Form 13F-HR, accession 0000899140-25-000680, filed by TWO SIGMA INVESTMENTS, LP. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.