Quant Hedge Fund · CIK 0001179392

Two Sigma Investments

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Two Sigma Investments, a quant hedge fund overseeing $67.06B in disclosed equity holdings (SEC CIK 0001179392). The latest portfolio (2025Q4) discloses 3467 positions across 11 sectors, with the largest positions in XLY, XLK and VUG. On a mark-to-market basis the tracked portfolio has returned 27.5% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Portfolio
$67.06B
Positions
3467
Quarter
2025Q4
Filings tracked
40
1Y+27.5%3Y+101.9%5Y+115.9%Full performance →
1-YearTWR
+27.51%
since 2024Q4
3-YearTWR
+101.91%
since 2022Q4
5-YearTWR
+115.90%
since 2020Q4
10-Year
insufficient history

Performance overview

We mark Two Sigma Investments's disclosed portfolio to current market prices and compare its growth against the S&P 500 (SPY). Two's portfolio is 27.5% over the last 12 months · 154.7% since 2016Q1.

Portfolio growth vs SPY
Rebased to 100 at 2016Q1 · through 2025Q4
Two Sigma Investments
+452.7%
SPY
631953264585892016Q12020Q42025Q4
Portfolio line is the GIPS-compliant time-weighted return chain-linked across the manager's quarterly 13F filings — unaffected by capital flows. Quarters with insufficient held-through coverage are skipped, which can briefly flatten the line.
Capital flow per quarter
BuysSellsNet
+$24.78B+$12.39B$0-$12.39B-$24.78B'22Q1'22Q2'22Q3'22Q4'23Q1'23Q2'23Q3'23Q4'24Q1'24Q2'24Q3'24Q4'25Q1'25Q2'25Q3'25Q4
Latest · 2025Q4
+$853M
Lifetime buys
$248.35B
Lifetime sells
$236.29B
Portfolio over time
AUMPositions
$0$22.13B$44.26B$67.06B34672376'22Q1'23Q4'25Q4
QoQ AUM
+3.0%
16Q lifetime AUM
+101.5%
QoQ positions
+118
16Q lifetime positions
+967
Position concentration
2908 positions
Top 1
4%
of book