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John Overdeck Two Sigma Investments
AUM
$138B
1-Year Est. Return
41.87%
John Overdeck is a co-founder of Two Sigma Investments, one of the world’s leading quantitative and technology-driven investment firms. Two Sigma applies data science, machine learning, and large-scale computing to markets across asset classes. Overdeck’s firm is a central reference point in discussions of modern systematic investing.
This Fund
S&P 500
This Quarter
Est. Return
+3.47%
1 Year Est. Return
+41.87%
3 Year Est. Return
+122.61%
5 Year Est. Return
+129.48%
10 Year Est. Return
+649.67%
AUM
$70.9B
AUM Growth
+$3.72B
(+5.5%)
Cap. Flow
+$541M
Cap. Flow
% of AUM
0.76%
Top 10 Holdings %
Top 10 Hldgs %
4.9%
Holding
4,545
New
899
Increased
1,598
Reduced
1,287
Closed
504
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$395M |
| 2 |
Vanguard Real Estate ETF
VNQ
|
+$321M |
| 3 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$318M |
| 4 |
ServiceNow
NOW
|
+$272M |
| 5 |
Schwab US REIT ETF
SCHH
|
+$248M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$547M |
| 2 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$447M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$377M |
| 4 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$299M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$269M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.53% |
| 2 | Financials | 13% |
| 3 | Industrials | 11.22% |
| 4 | Healthcare | 10.29% |
| 5 | Consumer Discretionary | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Factset
FDS
$10.7B
| $69.7M | 0.1% |
240,278
-39,490
| -14% | -$11.1M |
|
252
Bright Horizons
BFAM
$3.54B
| $69.6M | 0.1% |
686,745
+192,363
| +39% | +$19.4M |
|
253
BWX Technologies
BWXT
$14.4B
| $69.5M | 0.1% |
402,171
+379,676
| +1,688% | +$71.2M |
|
254
Aflac
AFL
$58.2B
| $69.2M | 0.1% |
627,183
-26,670
| -4% | -$2.94M |
|
255
UiPath
PATH
$8.49B
| $68.8M | 0.1% |
4,194,675
+1,826,924
| +77% | +$28.4M |
|
256
Regions Financial
RF
$25.9B
| $68.6M | 0.1% |
2,532,508
+1,604,411
| +173% | +$41M |
|
257
NetApp
NTAP
$37.7B
| $68.4M | 0.1% |
638,448
+325,271
| +104% | +$37.1M |
|
258
CALL
Apple
AAPL
$4.51T
| $68.2M | 0.1% |
251,000
+231,000
| +1,155% | +$62M |
|
259
Idacorp
IDA
$7.94B
| $67.6M | 0.1% |
534,037
+205,039
| +62% | +$26.7M |
|
260
Norwegian Cruise Line
NCLH
$7.92B
| $67.6M | 0.1% |
3,026,879
+992,018
| +49% | +$20.9M |
|
261
RBC Bearings
RBC
$16B
| $67.3M | 0.1% |
150,119
+109,846
| +273% | +$46.5M |
|
262
BlackRock US Equity Factor Rotation ETF
DYNF
$40.7B
| $66.7M | 0.09% |
1,096,800
-1,787,500
| -62% | -$107M |
|
263
iShares S&P 500 Value ETF
IVE
$50.2B
| $66.3M | 0.09% |
312,700
-14,500
| -4% | -$3.04M |
|
264
CALL
NVIDIA
NVDA
$5.2T
| $66.3M | 0.09% |
355,300
+300,700
| +551% | +$56M |
|
265
Sun Life Financial
SLF
$44B
| $66.1M | 0.09% |
1,059,581
+944,700
| +822% | +$57.1M |
|
266
Equifax
EFX
$22.6B
| $66M | 0.09% |
304,301
+289,903
| +2,013% | +$63.5M |
|
267
Zions Bancorporation
ZION
$9.95B
| $65.9M | 0.09% |
1,125,688
+731,013
| +185% | +$39.8M |
|
|
268
PUT
Apple
AAPL
$4.51T
| $65.5M | 0.09% |
241,000
+226,000
| +1,507% | +$60.7M |
|
269
EXL Service
EXLS
$5.69B
| $64.9M | 0.09% |
1,528,749
-92,983
| -6% | -$3.8M |
|
270
PUT
MP Materials
MP
$10.7B
| $64.9M | 0.09% |
1,284,200
+78,700
| +7% | +$4.99M |
|
271
Alaska Air
ALK
$4.51B
| $64.9M | 0.09% |
1,289,546
+320,006
| +33% | +$14.8M |
|
272
Microchip Technology
MCHP
$41.3B
| $64.8M | 0.09% |
1,016,469
+916,586
| +918% | +$56.5M |
|
273
Dynatrace
DT
$14.2B
| $64.5M | 0.09% |
1,487,128
+1,036,398
| +230% | +$48.3M |
|
274
GlobalFoundries
GFS
$26.4B
| $64.4M | 0.09% |
1,844,267
+1,186,998
| +181% | +$42.2M |
|
275
Tradeweb Markets
TW
$22.6B
| $64.3M | 0.09% |
597,825
+93,825
| +19% | +$10.1M |
|
Similar funds
John Overdeck's Q4 2025 Portfolio in Review
As of Q4 2025, John Overdeck held 4,545 positions worth $70.9B, up 5.5% from $67.2B the previous quarter. Its ten largest holdings account for 4.9% of the portfolio.
John Overdeck's Q4 2025 filing shows 899 new, 1,598 increased, 1,287 reduced and 504 closed positions. Its largest new stake was Vanguard Real Estate ETF: 3,573,400 shares worth $316M. The largest sale was State Street Financial Select Sector SPDR ETF, an estimated $547M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 16% a quarter earlier, followed by Financials and Industrials.
- John Overdeck's largest Q4 2025 buy was Vanguard Real Estate ETF: 3,573,400 shares worth $316M.
- John Overdeck added most to State Street Technology Select Sector SPDR ETF in Q4 2025, an estimated $395M increase.
- John Overdeck's biggest Q4 2025 reduction was State Street Financial Select Sector SPDR ETF, cutting an estimated $547M.
- John Overdeck fully exited State Street SPDR Dow Jones Industrial Average ETF Trust in Q4 2025, selling an estimated $240M.
- John Overdeck's ten largest holdings make up 4.9% of its $70.9B portfolio in Q4 2025.
- John Overdeck opened 899 new positions and closed 504 in Q4 2025.
- John Overdeck's portfolio value rose 5.5% quarter-over-quarter to $70.9B.
Based on Two Sigma Investments's 13F filing for Q4 2025, filed 17 Feb 2026.