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Livermore
Livermore
ZHEN

Two Sigma Advisers, LP

SEC CIK
0001478735
Latest filing
Aug 14, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Aug 14, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
2,300
−60 vs. Q1 2025
Portfolio value
$48.8B
+$4.38B (+9.9%) vs. Q1 2025
Filed
Aug 14, 2025
SEC
Holdings of Two Sigma Advisers, LP in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
NVDANVIDIA CorpStock9,361,800$1.48B3.0%−1,390,200−12.9%ReducedHistory
MSFTMicrosoft CorpStock2,951,300$1.47B3.0%+417,500+16.5%AddedHistory
AAPLApple Inc.Stock6,382,300$1.31B2.7%+471,600+8.0%AddedHistory
AMZNAmazon Com IncStock4,857,120$1.07B2.2%+372,300+8.3%AddedHistory
GOOGLAlphabet Inc.Stock4,547,100$801.3M1.6%−4,900−0.1%ReducedHistory
NFLXNetflix IncStock519,900$696.2M1.4%+314,200+152.7%AddedHistory
MAMastercard IncStock1,176,300$661.0M1.4%+42,200+3.7%AddedHistory
COSTCostco Wholesale CorpStock637,300$630.9M1.3%+404,900+174.2%AddedHistory
CRMSalesforce, Inc.Stock2,154,300$587.5M1.2%+524,300+32.2%AddedHistory
BACBank of America CorpStock12,359,800$584.9M1.2%+1,547,200+14.3%AddedHistory
SNOWSnowflake Inc.Stock2,577,600$576.8M1.2%−624,300−19.5%ReducedHistory
ADBEAdobe Inc.Stock1,470,300$568.8M1.2%+87,400+6.3%AddedHistory
CVNACarvana Co.CL A1,681,235$566.5M1.2%+597,500+55.1%AddedHistory
PLTRPalantir Technologies Inc.Stock4,151,700$566.0M1.2%+1,895,200+84.0%AddedHistory
BSXBoston Scientific CorpStock5,169,960$555.3M1.1%+964,000+22.9%AddedHistory
RBLXRoblox CorpStock5,036,500$529.8M1.1%−2,297,000−31.3%ReducedHistory
SCHWSchwab Charles CorpStock5,644,295$515.0M1.1%+772,200+15.8%AddedHistory
CMECME Group Inc.COM1,841,416$507.5M1.0%−156,784−7.8%ReducedHistory
REGNRegeneron Pharmaceuticals, Inc.COM938,500$492.7M1.0%+384,700+69.5%AddedHistory
TMUST-Mobile US, Inc.Stock2,042,369$486.6M1.0%+1,960,621+2,398.4%AddedHistory
LMTLockheed Martin CorpStock1,027,300$475.8M1.0%−135,000−11.6%ReducedHistory
MSCIMSCI Inc.Stock810,300$467.3M1.0%+47,600+6.2%AddedHistory
MRKMerck & Co., Inc.Stock5,678,600$449.5M0.9%+2,390,000+72.7%AddedHistory
CORCencora, Inc.Stock1,445,700$433.5M0.9%−209,100−12.6%ReducedHistory
TEAMAtlassian CorpCL A2,020,600$410.4M0.8%+1,496,300+285.4%AddedHistory
QCOMQualcomm IncStock2,421,900$385.7M0.8%−145,300−5.7%ReducedHistory
NKENIKE, Inc.Stock5,406,200$384.1M0.8%+5,340,000+8,066.5%AddedHistory
ABNBAirbnb, Inc.Stock2,798,600$370.4M0.8%+508,100+22.2%AddedHistory
GEVGE Vernova Inc.Stock691,179$365.7M0.7%+493,679+250.0%AddedHistory
ZSZscaler, Inc.Stock1,151,300$361.4M0.7%+432,800+60.2%AddedHistory
DASHDoorDash, Inc.Stock1,444,200$356.0M0.7%−1,249,700−46.4%ReducedHistory
CPNGCoupang, Inc.CL A11,757,600$352.3M0.7%+6,205,200+111.8%AddedHistory
DHRDanaher CorpStock1,726,600$341.1M0.7%−213,100−11.0%ReducedHistory
INTUIntuit Inc.Stock426,700$336.1M0.7%+305,200+251.2%AddedHistory
ISRGIntuitive Surgical IncCOM NEW579,300$314.8M0.6%−120,600−17.2%ReducedHistory
DUOLDuolingo, Inc.CL A COM747,600$306.5M0.6%+577,800+340.3%AddedHistory
SESea LtdSPONSORD ADS1,906,300$304.9M0.6%+1,211,100+174.2%AddedHistory
TSLATesla, Inc.Stock919,193$292.0M0.6%−514,900−35.9%ReducedHistory
HOODRobinhood Markets, Inc.Stock2,987,200$279.7M0.6%−2,784,300−48.2%ReducedHistory
LNGCheniere Energy, Inc.COM NEW1,127,100$274.5M0.6%−623,138−35.6%ReducedHistory
AONAon plcCL A724,400$258.4M0.5%+724,400NewHistory
JNPRJuniper Networks IncCOM6,141,500$245.2M0.5%+250,600+4.3%AddedHistory
HUBSHubSpot IncCOM432,915$241.0M0.5%+235,415+119.2%AddedHistory
UNHUnitedHealth Group IncStock759,500$236.9M0.5%+759,500NewHistory
VEEVVeeva Systems IncStock801,000$230.7M0.5%+166,800+26.3%AddedHistory
EXEExpand Energy CorpCOM1,929,935$225.7M0.5%+1,117,675+137.6%AddedHistory
NOCNorthrop Grumman CorpStock442,500$221.2M0.5%−404,400−47.8%ReducedHistory
MCKMcKesson CorpStock299,300$219.3M0.4%+4,117+1.4%AddedHistory
MRNAModerna, Inc.Stock7,815,700$215.6M0.4%+4,007,200+105.2%AddedHistory
ITGartner IncCOM515,600$208.4M0.4%−9,300−1.8%ReducedHistory
RIVNRivian Automotive, Inc.Stock15,119,700$207.7M0.4%+12,730,800+532.9%AddedHistory
ANETArista Networks, Inc.Stock1,943,800$198.9M0.4%−282,800−12.7%ReducedHistory
WCNWaste Connections, Inc.COM1,043,550$194.9M0.4%−57,400−5.2%ReducedHistory
FTNTFortinet, Inc.Stock1,834,320$193.9M0.4%−2,651,000−59.1%ReducedHistory
METAMeta Platforms, Inc.Stock260,100$192.0M0.4%−309,400−54.3%ReducedHistory
RDDTReddit, Inc.Stock1,266,600$190.7M0.4%+459,700+57.0%AddedHistory
HUMHumana IncStock767,380$187.6M0.4%−285,100−27.1%ReducedHistory
IBKRInteractive Brokers Group, Inc.Stock3,378,900$187.2M0.4%00.0%UnchangedConverted for a 4-for-1 splitHistory
BTIBritish American Tobacco p.l.c.SPONSORED ADR3,881,700$183.7M0.4%+2,816,500+264.4%AddedHistory
COPConocoPhillipsStock2,039,478$183.0M0.4%−46,900−2.2%ReducedHistory
CNCCentene CorpStock3,269,276$177.5M0.4%−36,600−1.1%ReducedHistory
IQVIQVIA Holdings Inc.Stock1,107,300$174.5M0.4%+298,200+36.9%AddedHistory
FNVFranco Nevada CorpStock1,011,800$165.9M0.3%−157,400−13.5%ReducedHistory
NDAQNasdaq, Inc.COM1,812,500$162.1M0.3%+1,500+0.1%AddedHistory
TMOThermo Fisher Scientific Inc.Stock392,700$159.2M0.3%−136,500−25.8%ReducedHistory
SPOTSpotify Technology S.A.Stock207,236$159.0M0.3%−242,464−53.9%ReducedHistory
SOFISoFi Technologies, Inc.Stock8,620,600$157.0M0.3%−814,500−8.6%ReducedHistory
PGProcter & Gamble CoStock982,500$156.5M0.3%+907,400+1,208.3%AddedHistory
ADCAgree Realty CorpCOM2,138,187$156.2M0.3%+60,500+2.9%AddedHistory
DHIHorton D R IncCOM1,139,500$146.9M0.3%+26,700+2.4%AddedHistory
RSGRepublic Services, Inc.COM594,200$146.5M0.3%+5,800+1.0%AddedHistory
ICEIntercontinental Exchange, Inc.Stock785,600$144.1M0.3%−1,046,400−57.1%ReducedHistory
CBOECboe Global Markets, Inc.COM614,000$143.2M0.3%+14,200+2.4%AddedHistory
CHWYChewy, Inc.CL A3,341,000$142.4M0.3%+3,094,400+1,254.8%AddedHistory
GDDYGoDaddy Inc.CL A790,700$142.4M0.3%+751,100+1,896.7%AddedHistory
HEIHeico CorpCOM431,478$141.5M0.3%+9,500+2.3%AddedHistory
AERAerCap Holdings N.V.SHS1,201,100$140.5M0.3%+152,000+14.5%AddedHistory
MOSMosaic CoCOM3,840,400$140.1M0.3%−744,800−16.2%ReducedHistory
VIKViking Holdings LtdORD SHS2,612,800$139.2M0.3%−432,600−14.2%ReducedHistory
BABAAlibaba Group Holding LtdADR1,218,700$138.2M0.3%+1,218,700NewHistory
BBDBank BradescoSP ADR PFD NEW44,454,120$137.4M0.3%−3,574,500−7.4%ReducedHistory
GMGeneral Motors CoCOM2,786,400$137.1M0.3%+1,181,400+73.6%AddedHistory
NETCloudflare, Inc.CL A COM699,900$137.1M0.3%−73,100−9.5%ReducedHistory
AEPAmerican Electric Power Co IncStock1,282,900$133.1M0.3%+545,500+74.0%AddedHistory
ESTCElastic N.V.ORD SHS1,558,200$131.4M0.3%+889,700+133.1%AddedHistory
MPCMarathon Petroleum CorpStock784,600$130.3M0.3%−107,700−12.1%ReducedHistory
CAGConagra Brands Inc.Stock6,288,600$128.7M0.3%−472,400−7.0%ReducedHistory
VRSKVerisk Analytics, Inc.COM399,531$124.5M0.3%−244,100−37.9%ReducedHistory
GHGuardant Health, Inc.COM2,381,800$123.9M0.3%+14,000+0.6%AddedHistory
CBChubb LtdStock424,713$123.0M0.3%+414,213+3,944.9%AddedHistory
CATCaterpillar IncStock312,700$121.4M0.2%+312,700NewHistory
RACEFerrari N.V.COM245,600$120.5M0.2%+45,200+22.6%AddedHistory
DGDollar General CorpCOM1,040,825$119.0M0.2%−1,211,074−53.8%ReducedHistory
FIVEFive Below, IncCOM898,500$117.9M0.2%+469,900+109.6%AddedHistory
VRNSVaronis Systems IncCOM2,274,000$115.4M0.2%+6000.0%AddedHistory
PNWPinnacle West Capital CorpCOM1,287,900$115.2M0.2%+318,500+32.9%AddedHistory
CRDOCredo Technology Group Holding LtdStock1,170,700$108.4M0.2%+246,600+26.7%AddedHistory
UPSUnited Parcel Service IncStock1,057,600$106.8M0.2%−329,500−23.8%ReducedHistory
MSIMotorola Solutions, Inc.Stock253,200$106.5M0.2%+118,300+87.7%AddedHistory
SYKStryker CorpStock266,800$105.6M0.2%+168,200+170.6%AddedHistory

Sold out since Q1 2025 (313)

Positions held at the end of Q1 2025 that are gone from this filing.

The largest 100 of 313 by value last quarter.

Positions of Two Sigma Advisers, LP sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
AMDAdvanced Micro Devices IncStock1,504,640$154.6M0.3%History
KDPKeurig Dr Pepper Inc.COM3,700,500$126.6M0.3%History
SPYSPDR S&P 500 ETF TrustETF136,450$76.3M0.2%History
YUMYum Brands IncStock428,600$67.4M0.2%History
EXPDExpeditors International of Washington IncCOM522,200$62.8M0.1%History
SJMJ M SMUCKER CoStock508,692$60.2M0.1%History
EQIXEquinix IncCOM73,300$59.8M0.1%History
SKXSkechers USA IncCL A935,400$53.1M0.1%History
ECLEcolab Inc.Stock174,346$44.2M0.1%History
BERYBerry Global Group, Inc.COM610,200$42.6M0.1%History
DALDelta Air Lines, Inc.COM NEW957,300$41.7M0.1%History
Barrick Gold Corp067901108COM1,960,300$38.1M0.1%–
CSXCSX CorpStock1,197,900$35.3M0.1%History
FANGDiamondback Energy, Inc.Stock216,500$34.6M0.1%History
IONQIonQ, Inc.COM1,560,600$34.4M0.1%History
NEMNEWMONT CorpStock709,476$34.3M0.1%History
TTDTrade Desk, Inc.Stock540,628$29.6M0.1%History
IPInternational Paper CoCOM546,400$29.2M0.1%History
TRGPTarga Resources Corp.COM126,200$25.3M0.1%History
MTArcelorMittalNY REGISTRY SH789,600$22.8M0.1%History
TRIThomson Reuters CorpCOM NO PAR124,519$21.5M<0.1%History
BALLBALL CorpCOM361,300$18.8M<0.1%History
KLACKLA CorpCOM NEW27,400$18.6M<0.1%History
KOCoca Cola CoStock257,000$18.4M<0.1%History
AXSMAxsome Therapeutics, Inc.COM149,600$17.4M<0.1%History
ORCLOracle CorpStock124,600$17.4M<0.1%History
ONCBeOne Medicines Ltd.ADR62,400$17.0M<0.1%History
UALUnited Airlines Holdings, Inc.COM240,700$16.6M<0.1%History
DTDynatrace, Inc.Stock349,500$16.5M<0.1%History
OKTAOkta, Inc.CL A142,160$15.0M<0.1%History
FOXAFox CorpCL A COM259,400$14.7M<0.1%History
AVYAvery Dennison CorpCOM82,100$14.6M<0.1%History
TTEKTetra Tech IncCOM496,200$14.5M<0.1%History
SLBSLB LimitedStock335,800$14.0M<0.1%History
SCIService Corp InternationalCOM174,300$14.0M<0.1%History
CELHCelsius Holdings, Inc.COM NEW359,700$12.8M<0.1%History
JAZZJazz Pharmaceuticals plcSHS USD98,200$12.2M<0.1%History
TXNMTXNM Energy IncCOM209,500$11.2M<0.1%History
ADMArcher-Daniels-Midland CoStock213,500$10.3M<0.1%History
TRUTransUnionCOM120,900$10.0M<0.1%History
RJFRaymond James Financial IncCOM70,900$9.85M<0.1%History
WDCWestern Digital CorpCOM242,500$9.80M<0.1%History
PSNParsons CorpCOM162,145$9.60M<0.1%History
SRESempraStock133,700$9.54M<0.1%History
PSXPhillips 66Stock76,500$9.45M<0.1%History
WBAWalgreens Boots Alliance, Inc.COM844,700$9.44M<0.1%History
ROPRoper Technologies IncStock15,800$9.32M<0.1%History
CHRDChord Energy CorpCOM NEW82,364$9.28M<0.1%History
PRMBPrimo Brands CorpCLASS A COM SHS250,000$8.87M<0.1%History
INFAInformatica Inc.COM CL A477,000$8.32M<0.1%History
TXTTextron IncCOM108,700$7.85M<0.1%History
ARWArrow Electronics, Inc.COM72,100$7.49M<0.1%History
Carnival Corp Ltd.14365C103ADR419,800$7.36M<0.1%–
HUBBHubbell IncCOM22,100$7.31M<0.1%History
TALTAL Education GroupSPONSORED ADS552,500$7.30M<0.1%History
LUVSouthwest Airlines CoCOM203,800$6.84M<0.1%History
CNXCConcentrix CorpStock111,800$6.22M<0.1%History
GDSGDS Holdings LtdSPONSORED ADS239,852$6.08M<0.1%History
ENREnergizer Holdings, Inc.COM201,269$6.02M<0.1%History
WEXWEX Inc.COM37,500$5.89M<0.1%History
TELTE Connectivity plcStock41,000$5.79M<0.1%History
FLRFluor CorpStock153,500$5.50M<0.1%History
HHyatt Hotels CorpCOM CL A44,500$5.45M<0.1%History
LCIDLucid Group, Inc.COM2,244,300$5.43M<0.1%History
FYBRFrontier Communications Parent, Inc.COM149,900$5.38M<0.1%History
ASOAcademy Sports & Outdoors, Inc.COM117,200$5.35M<0.1%History
ITCIIntra-Cellular Therapies, Inc.COM38,967$5.14M<0.1%History
QGENQiagen N.V.COMMON STOCK127,854$5.13M<0.1%History
Veren Inc92340V107COM NEW775,036$5.13M<0.1%–
CRLCharles River Laboratories International, Inc.COM33,600$5.06M<0.1%History
Two Harbors Investment Corp.90187B804COM345,825$4.62M<0.1%–
FDSFactset Research Systems IncStock8,900$4.05M<0.1%History
AFRMAffirm Holdings, Inc.COM CL A88,500$4.00M<0.1%History
PNRPENTAIR plcSHS45,500$3.98M<0.1%History
LNTAlliant Energy CorpStock61,800$3.98M<0.1%History
SRRKScholar Rock Holding CorpCOM121,600$3.91M<0.1%History
SASRSandy Spring Bancorp IncCOM138,788$3.88M<0.1%History
JWNNordstrom IncStock156,800$3.83M<0.1%History
PDDPDD Holdings Inc.SPONSORED ADS32,100$3.80M<0.1%History
SIRISirius XM Holdings Inc.COMMON STOCK161,639$3.64M<0.1%History
BRSLBrightstar Lottery PLCSHS USD217,200$3.53M<0.1%History
GIBCgi IncCL A34,600$3.45M<0.1%History
EQCEQC Liquidating TrustCOM SH BEN INT2,088,000$3.36M<0.1%History
CPCanadian Pacific Kansas City LtdCOM47,680$3.35M<0.1%History
CYTKCytokinetics IncCOM NEW80,400$3.23M<0.1%History
ORealty Income CorpREIT55,233$3.20M<0.1%History
MAAMid America Apartment Communities Inc.COM18,800$3.15M<0.1%History
FIVNFive9, Inc.COM111,745$3.03M<0.1%History
CHDChurch & Dwight Co IncCOM27,100$2.98M<0.1%History
SMGScotts Miracle-Gro CoStock53,800$2.95M<0.1%History
STXSeagate Technology Holdings plcORD SHS34,100$2.90M<0.1%History
NXSTNexstar Media Group, Inc.COMMON STOCK15,264$2.74M<0.1%History
OSKOshkosh CorpCOM28,400$2.67M<0.1%History
FLICFirst of Long Island CorpCOM211,650$2.61M<0.1%History
EARNEllington Credit CoCOM SHS BEN INT477,400$2.58M<0.1%History
FCNFti Consulting, IncCOM15,200$2.49M<0.1%History
FSVFirstService CorpCOM14,108$2.34M<0.1%History
NTBBank of N.T. Butterfield & Son LtdSHS NEW59,900$2.33M<0.1%History
DTEDte Energy CoCOM16,000$2.21M<0.1%History
SOSouthern CoStock24,000$2.21M<0.1%History