Two Sigma Advisers, LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Two Sigma Advisers, LP reported 2,329 stock positions worth $51.4 billion. Its top holding was Nvidia (NVDA) at 3.2% of the portfolio, followed by Apple (AAPL, 3.1%) and Microsoft (MSFT, 2.5%). Compared with Q3 2025, it opened 375 new positions, sold out of 358, added to 1,037 and reduced 899. The biggest buy was ServiceNow (NOW, shares +13871%) and the biggest sale Meta Platforms Class A (META, shares −82%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001478735
- Portfolio Value
- $51.4B (Q4 2025)
- SEC Filing
- 0000899140-26-000225 ↗ filed Feb 17, 2026
Holdings Value
Holdings 2,329 stocks · $51.4B
| NVDA Nvidia Corp. | 3.25% | 8,951,900 | $1.7B | Add +8.9% |
| AAPL Apple Inc. | 3.12% | 5,896,700 | $1.6B | Add +7.8% |
| MSFT Microsoft Corp. | 2.51% | 2,673,180 | $1.3B | Reduce -8.7% |
| AMZN Amazon.com Inc. | 2.23% | 4,979,120 | $1.1B | Add +2.3% |
| JPM JPMorgan Chase & Co. | 1.38% | 2,204,020 | $710.2M | Reduce -9.6% |
| MA Mastercard Inc. Class A | 1.36% | 1,227,980 | $701.0M | Add +11.4% |
| MU Micron Technology Inc. | 1.29% | 2,331,800 | $665.5M | Reduce -3.7% |
| PLTR Palantir Technologies Inc. Class A | 1.27% | 3,674,200 | $653.1M | Reduce -0.9% |
| SCHW Schwab (charles) Corp. | 1.22% | 6,283,895 | $627.8M | Add +5.5% |
| TSLA Tesla Inc. | 1.22% | 1,389,973 | $625.1M | Add +69.8% |
| AMD Advanced Micro Devices | 1.21% | 2,900,140 | $621.1M | Add +160.6% |
| ISRG Intuitive Surgical Inc. | 1.17% | 1,066,560 | $604.1M | Reduce -16.6% |
| BSX Boston Scientific Corp. | 1.17% | 6,298,460 | $600.6M | Add +17.9% |
| LMT Lockheed Martin Corp. | 1.15% | 1,223,160 | $591.6M | Add +3.5% |
| ADBE Adobe Inc. | 1.14% | 1,668,528 | $584.0M | Add +3.5% |
| TMUS T-Mobile US Inc. | 1.12% | 2,827,787 | $574.2M | Add +30.4% |
| PGR Progressive Corp. | 1.09% | 2,457,800 | $559.7M | Add +61.7% |
| RBLX Roblox Corp. Class A | 1.03% | 6,507,141 | $527.3M | Add +124.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.98% | 1,662,600 | $505.2M | Add +319.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.98% | 3,282,598 | $504.2M | Add +126.8% |
| ABNB Airbnb Inc. Class A | 0.98% | 3,706,100 | $503.0M | Reduce -0.4% |
| REGN Regeneron Pharmaceuticals | 0.91% | 604,540 | $466.6M | Reduce -34.7% |
| NET Cloudflare Inc. Class A | 0.90% | 2,340,000 | $461.3M | Add +52.5% |
| NOW ServiceNow Inc. | 0.89% | 3,003,780 | $460.1M | Add +13871.1% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.88% | 1,132,560 | $450.4M | Add +26.9% |
| BMY Bristol-Myers Squibb Co. | 0.87% | 8,270,200 | $446.1M | Add +75.2% |
| RIVN Rivian Automotive Inc. Class A | 0.79% | 20,659,520 | $407.2M | Add +44.7% |
| GM General Motors Co. | 0.78% | 4,906,915 | $399.0M | Add +13.9% |
| UNP Union Pacific Corp. | 0.65% | 1,446,501 | $334.6M | Reduce -8.6% |
| GOOGL Alphabet Inc. Class A | 0.63% | 1,041,896 | $326.1M | Reduce -34.3% |
| GDDY GoDaddy Inc. Class A | 0.63% | 2,604,900 | $323.2M | Add +21.4% |
| IBKR Interactive Brokers Gro Class A | 0.57% | 4,597,600 | $295.7M | Add +9.7% |
| LRCX Lam Research Corp. | 0.56% | 1,682,400 | $288.0M | Add +27.8% |
| COST Costco Wholesale Corp. | 0.56% | 333,400 | $287.5M | Reduce -48.0% |
| F Ford Motor Co. filed as FORD MTR CO | 0.56% | 21,873,800 | $287.0M | Add +1076.8% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.53% | 16,269,800 | $272.4M | Add +27.6% |
| SOFI Sofi Technologies Inc. | 0.52% | 10,310,600 | $269.9M | Add +22.8% |
| WCN Waste Connections Inc. | 0.52% | 1,522,150 | $266.9M | Reduce -0.4% |
| V Visa Inc. Class A | 0.51% | 749,460 | $262.8M | Add +247.3% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.51% | 6,860,400 | $260.4M | Add +535.9% |
| AER Aercap Holdings NV | 0.50% | 1,802,200 | $259.1M | Reduce -3.3% |
| RSG Republic Services Inc. | 0.48% | 1,176,300 | $249.3M | Add +70.3% |
| KMB Kimberly-Clark Corp. | 0.48% | 2,442,100 | $246.4M | New |
| MRSH Marsh & McLennan Cos | 0.47% | 1,312,200 | $243.4M | Add +0.2% |
| GH Guardant Health Inc. | 0.47% | 2,382,300 | $243.3M | Add +12.8% |
| CTAS Cintas Corp. | 0.47% | 1,284,000 | $241.5M | Add +265.2% |
| IONS Ionis Pharmaceuticals Inc. | 0.47% | 3,052,111 | $241.5M | Add +47.2% |
| AMGN Amgen Inc. | 0.47% | 735,880 | $240.9M | Add +1102.4% |
| GEV GE Vernova Inc. | 0.45% | 353,780 | $231.2M | Reduce -58.9% |
| CB Chubb Ltd. | 0.45% | 733,693 | $229.0M | Reduce -42.0% |
| MRNA Moderna Inc. | 0.44% | 7,729,700 | $227.9M | Add +14.1% |
| MSI Motorola Solutions Inc. | 0.44% | 591,240 | $226.6M | Add +2551.3% |
| MPC Marathon Petroleum Corp. | 0.43% | 1,361,200 | $221.4M | Add +4.5% |
| W Wayfair Inc. Class A | 0.40% | 2,056,700 | $206.5M | Add +2.9% |
| VIK Viking Holdings Ltd. | 0.40% | 2,855,900 | $203.9M | Reduce -10.2% |
| MSCI MSCI Inc. | 0.38% | 341,040 | $195.7M | Add +37.8% |
| SNDK Sandisk Corp. | 0.38% | 816,000 | $193.7M | Add +716.0% |
| ANET Arista Networks Inc. | 0.38% | 1,476,800 | $193.5M | Add +48.0% |
| INTC Intel Corp. | 0.37% | 5,212,150 | $192.3M | Reduce -4.2% |
| TEAM Atlassian Corp. Class A | 0.37% | 1,176,100 | $190.7M | Reduce -32.3% |
| NFLX Netflix Inc. | 0.37% | 2,029,230 | $190.3M | Reduce -63.6% |
| MS Morgan Stanley | 0.37% | 1,069,000 | $189.8M | Add +4.4% |
| SE Sea Ltd.-ADR | 0.36% | 1,457,100 | $185.9M | Add +18.6% |
| AAL American Airlines Group Inc. | 0.36% | 12,066,900 | $185.0M | Reduce -6.2% |
| ROST Ross Stores Inc. | 0.36% | 1,022,400 | $184.2M | New |
| ON On Semiconductor | 0.35% | 3,296,301 | $178.5M | Add +27.7% |
| VLO Valero Energy Corp. | 0.34% | 1,074,800 | $175.0M | Reduce -1.6% |
| HUBS HubSpot Inc. | 0.32% | 415,140 | $166.6M | Reduce -21.6% |
| FNV Franco-Nevada Corp. | 0.32% | 803,300 | $166.5M | Reduce -15.6% |
| ROKU Roku Inc. | 0.32% | 1,529,800 | $166.0M | Reduce -3.3% |
| T AT&T Inc. | 0.32% | 6,634,200 | $164.8M | Add +7230.6% |
| NYT New York Times Co. Class A | 0.32% | 2,363,800 | $164.1M | Add +22.8% |
| ADC Agree Realty Corp. | 0.32% | 2,258,287 | $162.7M | Add +4.3% |
| AKAM Akamai Technologies Inc. | 0.31% | 1,841,000 | $160.6M | Add +511.0% |
| AVGO Broadcom Inc. | 0.31% | 463,850 | $160.5M | Reduce -0.7% |
| ODFL Old Dominion Freight Line | 0.31% | 1,016,900 | $159.4M | Reduce -19.3% |
| HEI Heico Corp. | 0.30% | 484,658 | $156.8M | Reduce -2.0% |
| CAG Conagra Brands Inc. | 0.30% | 9,044,000 | $156.6M | Reduce -6.2% |
| CPB The Campbell's Company | 0.29% | 5,403,400 | $150.6M | Add +26.6% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.29% | 2,343,400 | $150.5M | Add +2351.3% |
| HRL Hormel Foods Corp. | 0.29% | 6,321,200 | $149.8M | Add +51.9% |
| PG The Procter & Gamble Co. | 0.29% | 1,036,000 | $148.5M | Reduce -48.6% |
| PNW Pinnacle West Capital | 0.29% | 1,658,191 | $147.1M | Add +58.6% |
| FTNT Fortinet Inc. | 0.28% | 1,838,720 | $146.0M | Add +2.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.28% | 287,200 | $144.4M | Add +121.4% |
| COP Conocophillips | 0.27% | 1,478,778 | $138.4M | Reduce -1.9% |
| CPNG Coupang Inc. | 0.26% | 5,725,100 | $135.1M | Reduce -45.6% |
| AME Ametek Inc. | 0.26% | 651,600 | $133.8M | Add +67.0% |
| LNG Cheniere Energy Inc. | 0.25% | 673,438 | $130.9M | Reduce -17.9% |
| CVNA Carvana Co. | 0.25% | 309,275 | $130.5M | Reduce -60.6% |
| CAT Caterpillar Inc. | 0.25% | 227,060 | $130.1M | Reduce -56.8% |
| TXN Texas Instruments Inc. | 0.25% | 742,500 | $128.8M | Add +6036.4% |
| CLX Clorox Company | 0.25% | 1,256,500 | $126.7M | Reduce -38.2% |
| CME Cme Group Inc. | 0.25% | 462,820 | $126.4M | Reduce -49.5% |
| MCD McDonald's Corp. | 0.24% | 411,240 | $125.7M | New |
| RKT Rocket Cos Inc. Class A | 0.24% | 6,327,242 | $122.5M | Add +26.9% |
| RL Ralph Lauren Corp. | 0.24% | 344,840 | $121.9M | Add +108.6% |
| VRSK Verisk Analytics Inc. | 0.23% | 537,171 | $120.2M | Add +141.0% |
| VTR Ventas Inc. | 0.23% | 1,545,411 | $119.6M | Add +1850.1% |
| NBIX Neurocrine Biosciences Inc. | 0.23% | 842,592 | $119.5M | Add +466.4% |
Portfolio Sells Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Reduce -81.7% | 0.21% | −1.12 |
| BAC Bank of America Corp. | Reduce -87.5% | 0.16% | −1.11 |
| WMT Walmart Inc. | Reduce -95.7% | 0.05% | −1.06 |
| NFLX Netflix Inc. | Reduce -63.6% | 0.37% | −0.97 |
| JNJ Johnson & Johnson | Reduce -85.1% | 0.14% | −0.73 |
| QCOM Qualcomm Inc. | Reduce -98.0% | 0.01% | −0.72 |
| COST Costco Wholesale Corp. | Reduce -48.0% | 0.56% | −0.63 |
| GEV GE Vernova Inc. | Reduce -58.9% | 0.45% | −0.61 |
| DASH DoorDash Inc. Class A | Reduce -96.2% | 0.02% | −0.59 |
| CRM Salesforce Inc. | Reduce -94.2% | 0.04% | −0.58 |
| MSFT Microsoft Corp. | Reduce -8.7% | 2.51% | −0.52 |
| NBIS Nebius Group NV | Sold out | 0.00% | −0.51 |
| CPNG Coupang Inc. | Reduce -45.6% | 0.26% | −0.42 |
| CRDO Credo Technology Group Holdi | Reduce -99.2% | 0.00% | −0.40 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.39 |
| CVNA Carvana Co. | Reduce -60.6% | 0.25% | −0.34 |
| PG The Procter & Gamble Co. | Reduce -48.6% | 0.29% | −0.33 |
| ACN Accenture PLC Class A | Reduce -91.1% | 0.03% | −0.32 |
| LLY Eli Lilly & Co. | Reduce -97.5% | 0.01% | −0.31 |
| ZS Zscaler Inc. | Reduce -81.5% | 0.05% | −0.31 |
| ALAB Astera Labs Inc. | Reduce -65.6% | 0.12% | −0.31 |
| HON Honeywell International Inc. | Reduce -69.0% | 0.12% | −0.30 |
| MARA Mara Holdings Inc. | Reduce -99.7% | 0.00% | −0.27 |
| CB Chubb Ltd. | Reduce -42.0% | 0.45% | −0.27 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.26 |
| CLX Clorox Company | Reduce -38.2% | 0.25% | −0.26 |
| CME Cme Group Inc. | Reduce -49.5% | 0.25% | −0.25 |
| CAT Caterpillar Inc. | Reduce -56.8% | 0.25% | −0.25 |
| GS Goldman Sachs Group Inc. | Reduce -97.4% | 0.01% | −0.24 |
| BE Bloom Energy Corp. Class A | Reduce -50.3% | 0.22% | −0.23 |
| MOS The Mosaic Co. | Reduce -96.6% | 0.01% | −0.22 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.22 |
| HOOD Robinhood Markets Inc. Class A | Reduce -89.1% | 0.02% | −0.21 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.20 |
| TFC Truist Financial Corp. | Reduce -96.3% | 0.01% | −0.20 |
| HUM Humana Inc. | Sold out | 0.00% | −0.20 |
| FDX FedEx Corp. | Reduce -93.8% | 0.02% | −0.19 |
| TEAM Atlassian Corp. Class A | Reduce -32.3% | 0.37% | −0.18 |
| EAT Brinker International Inc. | Reduce -97.6% | 0.00% | −0.18 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.17 |
| DUOL Duolingo | Reduce -67.3% | 0.04% | −0.17 |
| HUBS HubSpot Inc. | Reduce -21.6% | 0.32% | −0.17 |
| ESTC Elastic NV | Reduce -69.4% | 0.06% | −0.17 |
| EXE Expand Energy Corp. | Reduce -80.7% | 0.04% | −0.17 |
| JPM JPMorgan Chase & Co. | Reduce -9.6% | 1.38% | −0.16 |
| VRNS Varonis Systems Inc. | Reduce -54.3% | 0.05% | −0.16 |
| SJM The JM Smucker Co. | Reduce -40.2% | 0.17% | −0.15 |
| DE Deere & Co. | Sold out | 0.00% | −0.15 |
| VEEV Veeva Systems Inc. Class A | Reduce -46.2% | 0.09% | −0.15 |
| CELH Celsius Holdings Inc. | Sold out | 0.00% | −0.15 |
Portfolio Buys Q3 2025 → Q4 2025
| NOW ServiceNow Inc. | Add +13871.1% | 0.89% | +0.89 |
| AMD Advanced Micro Devices | Add +160.6% | 1.21% | +0.85 |
| TSM Taiwan Semiconductor-SP ADR | Add +319.2% | 0.98% | +0.76 |
| TJX TJX Companies Inc. | Add +126.8% | 0.98% | +0.56 |
| F Ford Motor Co. | Add +1076.8% | 0.56% | +0.51 |
| TSLA Tesla Inc. | Add +69.8% | 1.22% | +0.49 |
| KMB Kimberly-Clark Corp. | New | 0.48% | +0.48 |
| BMY Bristol-Myers Squibb Co. | Add +75.2% | 0.87% | +0.44 |
| AMGN Amgen Inc. | Add +1102.4% | 0.47% | +0.43 |
| MSI Motorola Solutions Inc. | Add +2551.3% | 0.44% | +0.42 |
| TTD Trade Desk Inc./the Class A | Add +535.9% | 0.51% | +0.40 |
| RIVN Rivian Automotive Inc. Class A | Add +44.7% | 0.79% | +0.37 |
| V Visa Inc. Class A | Add +247.3% | 0.51% | +0.36 |
| ROST Ross Stores Inc. | New | 0.36% | +0.36 |
| SNDK Sandisk Corp. | Add +716.0% | 0.38% | +0.35 |
| PGR Progressive Corp. | Add +61.7% | 1.09% | +0.34 |
| AAPL Apple Inc. | Add +7.8% | 3.12% | +0.33 |
| CTAS Cintas Corp. | Add +265.2% | 0.47% | +0.33 |
| T AT&T Inc. | Add +7230.6% | 0.32% | +0.32 |
| AL Sumisho Air Lease Corp. | Add +2351.3% | 0.29% | +0.28 |
| AKAM Akamai Technologies Inc. | Add +511.0% | 0.31% | +0.27 |
| GM General Motors Co. | Add +13.9% | 0.78% | +0.25 |
| TXN Texas Instruments Inc. | Add +6036.4% | 0.25% | +0.25 |
| MCD McDonald's Corp. | New | 0.24% | +0.24 |
| NET Cloudflare Inc. Class A | Add +52.5% | 0.90% | +0.24 |
| HPE Hewlett Packard Enterprise | New | 0.23% | +0.23 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.23% | +0.23 |
| RBLX Roblox Corp. Class A | Add +124.8% | 1.03% | +0.22 |
| VTR Ventas Inc. | Add +1850.1% | 0.23% | +0.22 |
| EQIX Equinix Inc. | Add +1975.2% | 0.23% | +0.22 |
| GH Guardant Health Inc. | Add +12.8% | 0.47% | +0.21 |
| LRCX Lam Research Corp. | Add +27.8% | 0.56% | +0.21 |
| CMG Chipotle Mexican Grill Inc. | Add +3277.1% | 0.21% | +0.20 |
| IONS Ionis Pharmaceuticals Inc. | Add +47.2% | 0.47% | +0.20 |
| NBIX Neurocrine Biosciences Inc. | Add +466.4% | 0.23% | +0.19 |
| CAH Cardinal Health Inc. | Add +2908.3% | 0.19% | +0.18 |
| NVDA Nvidia Corp. | Add +8.9% | 3.25% | +0.18 |
| RSG Republic Services Inc. | Add +70.3% | 0.48% | +0.17 |
| UAL United Airlines Holdings Inc. | New | 0.16% | +0.16 |
| KMX Carmax Inc. | Add +302.2% | 0.22% | +0.15 |
| PINS Pinterest Inc. Class A | Add +1726.9% | 0.16% | +0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +121.4% | 0.28% | +0.15 |
| C Citigroup Inc. | Add +712.1% | 0.17% | +0.15 |
| MOH Molina Healthcare Inc. | Add +219.8% | 0.23% | +0.15 |
| DECK Deckers Outdoor Corp. | Add +417.4% | 0.18% | +0.14 |
| FCX Freeport-McMoran Inc. | Add +993.9% | 0.15% | +0.14 |
| RL Ralph Lauren Corp. | Add +108.6% | 0.24% | +0.13 |
| BSX Boston Scientific Corp. | Add +17.9% | 1.17% | +0.12 |
| VRSK Verisk Analytics Inc. | Add +141.0% | 0.23% | +0.12 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +27.6% | 0.53% | +0.12 |
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 |