Two Sigma Advisers, LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Two Sigma Advisers, LP reported 2,360 stock positions worth $44.4 billion. Its top holding was Apple (AAPL) at 3.0% of the portfolio, followed by Nvidia (NVDA, 2.6%) and Microsoft (MSFT, 2.1%). Compared with Q4 2024, it opened 313 new positions, sold out of 282, added to 1,037 and reduced 993. The biggest buy was Salesforce (CRM, shares +985%) and the biggest sale Visa Class A (V, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001478735
- Portfolio Value
- $44.4B (Q1 2025)
- SEC Filing
- 0000899140-25-000679 ↗ filed May 15, 2025
Holdings Value
Holdings 2,360 stocks · $44.4B
| AAPL Apple Inc. | 2.96% | 5,910,700 | $1.3B | Add +6.5% |
| NVDA Nvidia Corp. | 2.62% | 10,752,000 | $1.2B | Add +17.3% |
| MSFT Microsoft Corp. | 2.14% | 2,533,800 | $951.2M | Reduce -12.7% |
| AMZN Amazon.com Inc. | 1.92% | 4,484,820 | $853.3M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 1.58% | 4,552,000 | $703.9M | Add +15.3% |
| AVGO Broadcom Inc. | 1.46% | 3,885,260 | $650.5M | Add +170.9% |
| MA Mastercard Inc. Class A | 1.40% | 1,134,100 | $621.6M | Add +5.2% |
| ADBE Adobe Inc. | 1.19% | 1,382,900 | $530.4M | Add +55.6% |
| CME Cme Group Inc. | 1.19% | 1,998,200 | $530.1M | Reduce -4.9% |
| LMT Lockheed Martin Corp. | 1.17% | 1,162,300 | $519.2M | Add +15.5% |
| DASH DoorDash Inc. Class A | 1.11% | 2,693,900 | $492.4M | Reduce -6.6% |
| SNOW Snowflake Inc. | 1.05% | 3,201,900 | $468.0M | Add +18.4% |
| COR Cencora Inc. | 1.04% | 1,654,800 | $460.2M | Add +0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.02% | 10,812,600 | $451.2M | Reduce -7.4% |
| CRM Salesforce Inc. | 0.98% | 1,630,000 | $437.4M | Add +984.5% |
| NOC Northrop Grumman Corp. | 0.98% | 846,900 | $433.6M | Reduce -4.7% |
| FTNT Fortinet Inc. | 0.97% | 4,485,320 | $431.8M | Reduce -3.8% |
| MSCI MSCI Inc. | 0.97% | 762,700 | $431.3M | Add +79.3% |
| RBLX Roblox Corp. Class A | 0.96% | 7,333,500 | $427.5M | Add +1.1% |
| BSX Boston Scientific Corp. | 0.96% | 4,205,960 | $424.3M | Add +456.9% |
| LNG Cheniere Energy Inc. | 0.91% | 1,750,238 | $405.0M | Add +6.0% |
| DHR Danaher Corp. | 0.90% | 1,939,700 | $397.6M | Add +18.3% |
| QCOM Qualcomm Inc. | 0.89% | 2,567,200 | $394.3M | Reduce -2.1% |
| SCHW Schwab (charles) Corp. | 0.86% | 4,872,095 | $381.4M | Add +243.2% |
| CSCO Cisco Systems Inc. | 0.84% | 6,047,400 | $373.2M | Reduce -5.1% |
| TSLA Tesla Inc. | 0.84% | 1,434,093 | $371.7M | Add +11.9% |
| REGN Regeneron Pharmaceuticals | 0.79% | 553,800 | $351.2M | New |
| ISRG Intuitive Surgical Inc. | 0.78% | 699,900 | $346.6M | Add +468.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.76% | 4,856,800 | $337.3M | Add +375.4% |
| META Meta Platforms Inc. Class A | 0.74% | 569,500 | $328.2M | Reduce -54.1% |
| ICE Intercontinental Exchange Inc. | 0.71% | 1,832,000 | $316.0M | Add +13.7% |
| AMGN Amgen Inc. | 0.70% | 1,001,400 | $312.0M | Reduce -35.2% |
| MRK Merck & Co. Inc. | 0.66% | 3,288,600 | $295.2M | Reduce -32.7% |
| HUM Humana Inc. | 0.63% | 1,052,480 | $278.5M | Add +16.1% |
| ABNB Airbnb Inc. Class A | 0.62% | 2,290,500 | $273.6M | Reduce -25.6% |
| TMO Thermo Fisher Scientific Inc. | 0.59% | 529,200 | $263.3M | Reduce -43.3% |
| SPOT Spotify Technology SA | 0.56% | 449,700 | $247.3M | Add +26.6% |
| HOOD Robinhood Markets Inc. Class A | 0.54% | 5,771,500 | $240.2M | Reduce -46.1% |
| CVNA Carvana Co. | 0.51% | 1,083,735 | $226.6M | Reduce -35.4% |
| CMCSA Comcast Corp. Class A | 0.50% | 6,061,300 | $223.7M | Add +1330.9% |
| IT Gartner Inc. | 0.50% | 524,900 | $220.3M | Add +257.8% |
| COST Costco Wholesale Corp. | 0.49% | 232,400 | $219.8M | Reduce -14.0% |
| COP Conocophillips | 0.49% | 2,086,378 | $219.1M | Add +2018.2% |
| WCN Waste Connections Inc. | 0.48% | 1,100,950 | $214.9M | Add +14.3% |
| JNPR Juniper Networks Inc. | 0.48% | 5,890,900 | $213.2M | Add +1622.5% |
| GD General Dynamics Corp. | 0.47% | 762,400 | $207.8M | Reduce -6.7% |
| CNC Centene Corp. | 0.45% | 3,305,876 | $200.7M | Add +152.3% |
| MCK McKesson Corp. | 0.45% | 295,183 | $198.7M | Add +130.6% |
| DG Dollar General Corp. | 0.45% | 2,251,899 | $198.0M | Add +28.2% |
| NFLX Netflix Inc. | 0.43% | 205,700 | $191.8M | Reduce -55.5% |
| VRSK Verisk Analytics Inc. | 0.43% | 643,631 | $191.6M | Add +14.3% |
| PLTR Palantir Technologies Inc. Class A | 0.43% | 2,256,500 | $190.4M | Add +1364.3% |
| MRVL Marvell Technology Inc. | 0.42% | 3,065,072 | $188.7M | Add +546.3% |
| FNV Franco-Nevada Corp. | 0.41% | 1,169,200 | $184.2M | Reduce -13.3% |
| CAG Conagra Brands Inc. | 0.41% | 6,761,000 | $180.3M | Reduce -16.9% |
| AMCR Amcor PLC | 0.40% | 18,303,000 | $177.5M | Add +716.3% |
| ANET Arista Networks Inc. | 0.39% | 2,226,600 | $172.5M | Add +460.7% |
| CI The Cigna Group | 0.38% | 517,600 | $170.3M | Reduce -36.6% |
| LHX L3HARRIS Technologies Inc. | 0.37% | 791,200 | $165.6M | Add +261.8% |
| ADC Agree Realty Corp. | 0.36% | 2,077,687 | $160.4M | Add +79.5% |
| AMD Advanced Micro Devices | 0.35% | 1,504,640 | $154.6M | New |
| UPS United Parcel Service Class B | 0.34% | 1,387,100 | $152.6M | Reduce -2.7% |
| VEEV Veeva Systems Inc. Class A | 0.33% | 634,200 | $146.9M | Add +22.1% |
| IQV Iqvia Holdings Inc. | 0.32% | 809,100 | $142.6M | Add +71.8% |
| ZS Zscaler Inc. | 0.32% | 718,500 | $142.6M | Add +13.4% |
| RSG Republic Services Inc. | 0.32% | 588,400 | $142.5M | Add +2.2% |
| DHI D.R. Horton Inc. | 0.32% | 1,112,800 | $141.5M | Add +90.1% |
| IBKR Interactive Brokers Gro Class A | 0.32% | 848,300 | $140.5M | Add +82.1% |
| TWLO Twilio Inc. Class A | 0.31% | 1,408,797 | $137.9M | Add +50.6% |
| NDAQ Nasdaq Inc. | 0.31% | 1,811,000 | $137.4M | Reduce -22.2% |
| CBOE Cboe Global Markets Inc. | 0.31% | 599,800 | $135.7M | Reduce -15.5% |
| EIX Edison International | 0.30% | 2,294,801 | $135.2M | Add +52042.7% |
| PANW Palo Alto Networks Inc. | 0.30% | 780,412 | $133.2M | Add +92.0% |
| LLY Eli Lilly & Co. | 0.30% | 158,700 | $131.1M | Reduce -80.2% |
| MPC Marathon Petroleum Corp. | 0.29% | 892,300 | $130.0M | Add +73.3% |
| KDP Keurig Dr Pepper Inc. | 0.29% | 3,700,500 | $126.6M | Add +23.3% |
| MOS The Mosaic Co. | 0.28% | 4,585,200 | $123.8M | Add +14.9% |
| F Ford Motor Co. filed as FORD MTR CO | 0.27% | 12,173,900 | $122.1M | Add +1849.4% |
| CPNG Coupang Inc. | 0.27% | 5,552,400 | $121.8M | Add +67.3% |
| VIK Viking Holdings Ltd. | 0.27% | 3,045,400 | $121.1M | Add +31.2% |
| HUBS HubSpot Inc. | 0.25% | 197,500 | $112.8M | Add +51.1% |
| HEI Heico Corp. | 0.25% | 421,978 | $112.7M | Add +13.7% |
| TEAM Atlassian Corp. Class A | 0.25% | 524,300 | $111.3M | Add +76.8% |
| SOFI Sofi Technologies Inc. | 0.25% | 9,435,100 | $109.7M | Reduce -51.6% |
| LIN Linde PLC | 0.25% | 234,365 | $109.1M | Add +1939.9% |
| V Visa Inc. Class A | 0.24% | 309,300 | $108.4M | Reduce -84.1% |
| MRNA Moderna Inc. | 0.24% | 3,808,500 | $108.0M | Add +3572.6% |
| AER Aercap Holdings NV | 0.24% | 1,049,100 | $107.2M | Add +174.5% |
| BBD Banco Bradesco-ADR | 0.24% | 48,028,620 | $107.1M | Add +213.6% |
| INTC Intel Corp. | 0.24% | 4,601,650 | $104.5M | Reduce -68.2% |
| EFX Equifax Inc. | 0.23% | 426,300 | $103.8M | Add +242.7% |
| SWKS Skyworks Solutions Inc. | 0.23% | 1,601,600 | $103.5M | Add +696.9% |
| GH Guardant Health Inc. | 0.23% | 2,367,800 | $100.9M | Add +2.3% |
| AAL American Airlines Group Inc. | 0.22% | 9,124,200 | $96.3M | Add +272.5% |
| CAVA Cava Group Inc. | 0.22% | 1,110,500 | $96.0M | Reduce -41.6% |
| MLM Martin Marietta Materials | 0.21% | 198,600 | $95.0M | Add +75.0% |
| OXY Occidental Petroleum Corp. | 0.21% | 1,893,700 | $93.5M | Add +5486.1% |
| BIIB Biogen Inc. | 0.21% | 677,400 | $92.7M | Add +26.7% |
| PNW Pinnacle West Capital | 0.21% | 969,400 | $92.3M | Add +6.2% |
| VRNS Varonis Systems Inc. | 0.21% | 2,273,400 | $92.0M | Add +64.7% |
Portfolio Sells Q4 2024 → Q1 2025
| V Visa Inc. Class A | Reduce -84.1% | 0.24% | −1.18 |
| LLY Eli Lilly & Co. | Reduce -80.2% | 0.30% | −1.14 |
| META Meta Platforms Inc. Class A | Reduce -54.1% | 0.74% | −0.94 |
| PGR Progressive Corp. | Reduce -92.2% | 0.07% | −0.69 |
| MSFT Microsoft Corp. | Reduce -12.7% | 2.14% | −0.69 |
| NKE Nike Inc. Class B | Reduce -98.2% | 0.01% | −0.63 |
| LRCX Lam Research Corp. | Reduce -96.0% | 0.03% | −0.62 |
| PFE Pfizer Inc. | Reduce -97.7% | 0.01% | −0.56 |
| TMO Thermo Fisher Scientific Inc. | Reduce -43.3% | 0.59% | −0.53 |
| NFLX Netflix Inc. | Reduce -55.5% | 0.43% | −0.52 |
| NEE Nextera Energy Inc. | Reduce -92.2% | 0.04% | −0.51 |
| MRK Merck & Co. Inc. | Reduce -32.7% | 0.66% | −0.46 |
| SOFI Sofi Technologies Inc. | Reduce -51.6% | 0.25% | −0.45 |
| INTC Intel Corp. | Reduce -68.2% | 0.24% | −0.44 |
| HOOD Robinhood Markets Inc. Class A | Reduce -46.1% | 0.54% | −0.38 |
| APP AppLovin Corp. Class A | Reduce -96.5% | 0.01% | −0.37 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.36 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.36 |
| ABNB Airbnb Inc. Class A | Reduce -25.6% | 0.62% | −0.32 |
| NCLH Norwegian Cruise Line Holdin | Reduce -53.6% | 0.15% | −0.31 |
| CAVA Cava Group Inc. | Reduce -41.6% | 0.22% | −0.28 |
| CVNA Carvana Co. | Reduce -35.4% | 0.51% | −0.28 |
| BDX Becton Dickinson and Co. | Reduce -91.9% | 0.02% | −0.25 |
| CCL Carnival Corp. | Reduce -49.2% | 0.16% | −0.25 |
| KLAC KLA Corp. | Reduce -85.8% | 0.04% | −0.24 |
| FTAI Ftai Aviation Ltd. | Reduce -37.9% | 0.20% | −0.23 |
| AMGN Amgen Inc. | Reduce -35.2% | 0.70% | −0.23 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.22 |
| PM Philip Morris International | Reduce -65.7% | 0.17% | −0.21 |
| AXON Axon Enterprise Inc. | Reduce -64.6% | 0.09% | −0.21 |
| C Citigroup Inc. | Reduce -99.2% | 0.00% | −0.20 |
| COIN Coinbase Global Inc. Class A | Reduce -79.7% | 0.03% | −0.20 |
| TOST Toast Inc. Class A | Reduce -91.1% | 0.02% | −0.19 |
| WDC Western Digital Corp. | Reduce -82.9% | 0.02% | −0.17 |
| BAC Bank of America Corp. | Reduce -7.4% | 1.02% | −0.17 |
| RKLB Rocket Lab USA Inc. | Reduce -98.9% | 0.00% | −0.17 |
| EL Estee Lauder Companies Class A | Reduce -83.4% | 0.03% | −0.16 |
| INTU Intuit Inc. | Reduce -44.9% | 0.17% | −0.15 |
| MNDY Monday.com Ltd. | Reduce -82.2% | 0.03% | −0.15 |
| WBA Walgreens Boots Alliance Inc. | Reduce -89.1% | 0.02% | −0.15 |
| BMY Bristol-Myers Squibb Co. | Reduce -60.3% | 0.10% | −0.14 |
| SJM The JM Smucker Co. | Reduce -52.9% | 0.14% | −0.14 |
| CI The Cigna Group | Reduce -36.6% | 0.38% | −0.14 |
| DXCM Dexcom Inc. | Reduce -51.8% | 0.09% | −0.13 |
| CART Maplebear Inc. | Reduce -48.2% | 0.12% | −0.13 |
| PYPL PayPal Holdings Inc. | Reduce -72.4% | 0.03% | −0.13 |
| BP BP PLC-Spons ADR | Reduce -84.8% | 0.03% | −0.13 |
| AMAT Applied Materials Inc. | Reduce -59.6% | 0.07% | −0.12 |
| WAB Wabtec Corp. | Reduce -38.0% | 0.17% | −0.12 |
| TT Trane Technologies PLC | Reduce -56.9% | 0.08% | −0.12 |
Portfolio Buys Q4 2024 → Q1 2025
| CRM Salesforce Inc. | Add +984.5% | 0.98% | +0.87 |
| BSX Boston Scientific Corp. | Add +456.9% | 0.96% | +0.80 |
| REGN Regeneron Pharmaceuticals | New | 0.79% | +0.79 |
| AVGO Broadcom Inc. | Add +170.9% | 1.46% | +0.70 |
| ISRG Intuitive Surgical Inc. | Add +468.6% | 0.78% | +0.63 |
| SCHW Schwab (charles) Corp. | Add +243.2% | 0.86% | +0.62 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +375.4% | 0.76% | +0.56 |
| COP Conocophillips | Add +2018.2% | 0.49% | +0.47 |
| CMCSA Comcast Corp. Class A | Add +1330.9% | 0.50% | +0.47 |
| JNPR Juniper Networks Inc. | Add +1622.5% | 0.48% | +0.45 |
| PLTR Palantir Technologies Inc. Class A | Add +1364.3% | 0.43% | +0.40 |
| MSCI MSCI Inc. | Add +79.3% | 0.97% | +0.38 |
| AMCR Amcor PLC | Add +716.3% | 0.40% | +0.35 |
| AMD Advanced Micro Devices | New | 0.35% | +0.35 |
| IT Gartner Inc. | Add +257.8% | 0.50% | +0.33 |
| MRVL Marvell Technology Inc. | Add +546.3% | 0.42% | +0.30 |
| EIX Edison International | Add +52042.7% | 0.30% | +0.30 |
| ANET Arista Networks Inc. | Add +460.7% | 0.39% | +0.29 |
| ADBE Adobe Inc. | Add +55.6% | 1.19% | +0.28 |
| MCK McKesson Corp. | Add +130.6% | 0.45% | +0.28 |
| CNC Centene Corp. | Add +152.3% | 0.45% | +0.27 |
| LHX L3HARRIS Technologies Inc. | Add +261.8% | 0.37% | +0.27 |
| F Ford Motor Co. | Add +1849.4% | 0.27% | +0.26 |
| LIN Linde PLC | Add +1939.9% | 0.25% | +0.23 |
| MRNA Moderna Inc. | Add +3572.6% | 0.24% | +0.23 |
| OXY Occidental Petroleum Corp. | Add +5486.1% | 0.21% | +0.21 |
| EXE Expand Energy Corp. | New | 0.20% | +0.20 |
| SWKS Skyworks Solutions Inc. | Add +696.9% | 0.23% | +0.19 |
| SPOT Spotify Technology SA | Add +26.6% | 0.56% | +0.19 |
| MNST Monster Beverage Corp. | Add +908.6% | 0.20% | +0.18 |
| COR Cencora Inc. | Add +0.9% | 1.04% | +0.18 |
| AEP American Electric Power | Add +3106.1% | 0.18% | +0.18 |
| BAH Booz Allen Hamilton Holdings | Add +23935.5% | 0.18% | +0.17 |
| NET Cloudflare Inc. Class A | Add +758.9% | 0.20% | +0.17 |
| BBD Banco Bradesco-ADR | Add +213.6% | 0.24% | +0.17 |
| ADC Agree Realty Corp. | Add +79.5% | 0.36% | +0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.17% | +0.17 |
| GM General Motors Co. | New | 0.17% | +0.17 |
| APO Apollo Global Management Inc. | New | 0.16% | +0.16 |
| EFX Equifax Inc. | Add +242.7% | 0.23% | +0.16 |
| AER Aercap Holdings NV | Add +174.5% | 0.24% | +0.16 |
| ICE Intercontinental Exchange Inc. | Add +13.7% | 0.71% | +0.16 |
| ADSK Autodesk Inc. | Add +1613.3% | 0.17% | +0.16 |
| ENPH Enphase Energy Inc. | Add +594.4% | 0.19% | +0.16 |
| CL Colgate-Palmolive Co. | Add +423.5% | 0.19% | +0.15 |
| YUM Yum! Brands Inc. | New | 0.15% | +0.15 |
| ALE Allete Inc. | Add +8552.2% | 0.15% | +0.15 |
| MCO Moody's Corp. | Add +1527.8% | 0.15% | +0.14 |
| HDB HDFC Bank Ltd.-ADR | New | 0.14% | +0.14 |
| DG Dollar General Corp. | Add +28.2% | 0.45% | +0.14 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 0 | $0 | |
| Q1 2026 | 0 | $0 | |
| Q4 2025 | 2,329 | $51.4B | NVDA, AAPL, MSFT, AMZN, JPM |
| Q3 2025 | 2,311 | $50.0B | NVDA, MSFT, AAPL, AMZN, JPM |
| Q2 2025 | 2,300 | $48.8B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q1 2025 | 2,360 | $44.4B | AAPL, NVDA, MSFT, AMZN, GOOGL |
| Q4 2024 | 2,329 | $43.2B | AAPL, NVDA, MSFT, AMZN, GOOGL |
| Q3 2024 | 2,260 | $42.7B | AAPL, MSFT, NVDA, GOOGL, AVGO |
| Q2 2024 | 2,414 | $44.8B | MSFT, AAPL, NVDA, AMZN, META |
| Q1 2024 | 2,431 | $43.2B | AAPL, MSFT, AMZN, NVDA, META |