TWO SIGMA INVESTMENTS, LP
NEW YORK NY
Investment Advisor
Hedge Fund
High Frequency Trader
TWO Sigma Investments is based out of New York and is run by John Overdeck and David Siegel. TWO Sigma Investments is a hedge fund with 17 clients and discretionary assets under management (AUM) of $83,955,729,097 (Form ADV from 2024-08-07). Their last reported 13F filing for Q3 2024 included $45,634,123,578 in managed 13F securities
and a top 10 holdings concentration of 6.56%. TWO Sigma Investments's largest holding is SPDR S&P 500 ETF TRUST with shares held of 865,942. Whalewisdom has at least 109 13F filings, and 2 Form 4 filings
Business Description
The Adviser provides advisory services to Clients based on specific investment objectives, mandates, guidelines, risk parameters, and constraints set forth in each Client’s offering memorandum, investment management agreement, and/or governing documents. Clients have broad Mandates and may not impose restrictions on investing in certain securities or certain types of securities. As of December 31, 2023, the Adviser had approximately $83,955,729,097 of regulatory assets under management, all on a discretionary basis.
The Adviser provides advisory services on a discretionary basis to its clients, which include various private investment funds, consisting of both commingled vehicles (including employees’ securities companies) and funds of one. The Adviser is an investment adviser with its principal place of business in New York, New York. The Adviser commenced operations as an investment adviser in April 2002 and has been registered with the SEC since August 21, 2009. Two Sigma Management, LLC is the general partner of the Adviser. Trusts established by John A. Overdeck and David M. Siegel are the principal owners of the Adviser.
Investment Strategy
The Adviser primarily employs a process-driven, systematic investment management approach, relying on quantitative analysis to build mathematical strategies based on historical price patterns and other data. These strategies are implemented through various risk management, investment, optimization, and execution techniques. The Adviser also utilizes non-systematic and discretionary strategies, often based on quantitative analysis, and in some cases relies solely on human discretion for opportunistic trade ideas or discretionary strategies.
The Adviser's investment strategies encompass a wide range, including statistically-based strategies, merger arbitrage, closed-end fund/constituent arbitrage, fundamentally-driven strategies, event-driven strategies, spread-based and long/short strategies, relative value strategies, volatility arbitrage and trading strategies, structured credit trading strategies, and contributor-based and sentiment-based strategies. The specific strategies employed for each client are detailed in their respective offering memorandum.
Other Contact Information
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2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| GOOGL Alphabet Inc. Class | 0.55% |
| JD JD.com Inc | 0.5% |
| BAC Bank Of America Corp | 0.49% |
| KLAC KLA Corp | 0.44% |
| CVS CVS Health Corp | 0.43% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| SPY SPDR S&P 500 ETF TRU | 2.37% |
| META Meta Platforms Inc | 0.56% |
| AMZN Amazon.com Inc | 0.55% |
| DEBT-ROYA ROYAL CARIBBEAN GROU (PRN) | 0.51% |
| GS Goldman Sachs Group | 0.5% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| SPY SPDR S&P 500 ETF TRU | 1.09% |
| QQQ Invesco QQQ Trust, S | 0.85% |
| DASH DoorDash, Inc | 0.59% |
| MU Micron Technology, I | 0.59% |
| AAPL Apple Inc | 0.59% |
This Form 13F holdings report is being filed on behalf of Two Sigma Investments, LP ("Investments"). Investments serves as the sole manager or investment manager, as applicable, of (i) Two Sigma Equity Portfolio, LLC ("Equity"), Two Sigma Spectrum Portfolio, LLC ("Spectrum"), Two Sigma Futures Portfolio, LLC ("Futures"), Two Sigma Horizon Portfolio, LLC ("Horizon"), Two Sigma Blazar Portfolio, LLC ("Blazar"), Two Sigma Navigator Portfolio, LLC ("Navigator") and Two Sigma Equity Spectrum Portfolio, LLC ("Equity Spectrum"), seven investment entities that are managed by Investments, each of which may be deemed to be an "other manager" for purposes of this Form 13F report and (ii) Two Sigma Galileo Portfolio, LLC ("Galileo"), Two Sigma Pioneer Portfolio, LLC ("Pioneer") and Two Sigma Discovery Portfolio, LLC ("Discovery") three investment entities that are managed by Investments and that each may not presently be deemed to be an "other manager" for purposes of this Form 13F report. Investments, rather than Equity, Spectrum, Futures, Horizon, Blazar, Navigator, Equity Spectrum, Galileo, Pioneer or Discovery exercises sole investment discretion and voting authority over the securities held in the various accounts of Equity, Spectrum, Futures, Horizon, Blazar, Navigator, Equity Spectrum, Galileo, Pioneer and Discovery.
2024-09-30
13F Activity
| Market Value | $45.6b, Prior: $43.9b |
| Inflows (Outflows) as % of Total MV | (-1.4331)% |
| New Purchases | 459 stocks |
| Added To | 1193 stocks |
| Sold out of | 363 stocks |
| Reduced holdings in | 1323 stocks |
| Top 10 Holdings % | 6.56% |
| Turnover %[1] | 23.84% |
| Turnover Alt %[2] | 28.82% |
| Time Held Top 20 | 1.05 quarters |
| Time Held Top 10 | 1.4 quarters |
| Time Held All | 8.7 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30