John Overdeck Two Sigma Investments
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$153M |
| 2 |
Target
TGT
|
+$106M |
| 3 |
Altria Group
MO
|
+$74.3M |
| 4 |
Coca-Cola
KO
|
+$70.3M |
| 5 |
Procter & Gamble
PG
|
+$62.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$233M |
| 2 |
McDonald's
MCD
|
+$214M |
| 3 |
Autodesk
ADSK
|
+$196M |
| 4 |
Johnson & Johnson
JNJ
|
+$193M |
| 5 |
HP
HPQ
|
+$192M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.18% |
| 2 | Technology | 11.08% |
| 3 | Consumer Discretionary | 11.06% |
| 4 | Consumer Staples | 8.4% |
| 5 | Financials | 6.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3351
Foster
FSTR
$401M
| – | – |
-12,015
| Closed | -$233K |
|
3352
FirstService
FSV
$6.29B
| – | – |
-44,294
| Closed | -$4.12M |
|
3353
CALL
Fortinet
FTNT
$113B
| – | – |
-73,000
| Closed | -$1.56M |
|
|
3354
PUT
Fortinet
FTNT
$113B
| – | – |
-65,500
| Closed | -$1.4M |
|
3355
Fortis
FTS
$28.1B
| – | – |
-4,852
| Closed | -$201K |
|
3356
CALL
Fortive
FTV
$18B
| – | – |
-6,502
| Closed | -$313K |
|
3357
FVCBankcorp
FVCB
$332M
| – | – |
-20,694
| Closed | -$289K |
|
3358
Forward Air
FWRD
$588M
| – | – |
-3,753
| Closed | -$263K |
|
3359
GATX Corp
GATX
$6.33B
| – | – |
-23,927
| Closed | -$1.98M |
|
3360
The Greenbrier Companies
GBX
$1.43B
| – | – |
-76,844
| Closed | -$2.49M |
|
3361
GDS Holdings
GDS
$6.61B
| – | – |
-17,100
| Closed | -$953K |
|
3362
GE Aerospace
GE
$363B
| – | – |
-2,044,781
| Closed | -$109M |
|
3363
Greif
GEF
$4.81B
| – | – |
-6,077
| Closed | -$269K |
|
3364
The GEO Group
GEO
$4.23B
| – | – |
-494,601
| Closed | -$8.21M |
|
|
GES
3365
PUT
DELISTED
Guess Inc
GES
| – | – |
-15,000
| Closed | -$336K |
|
3366
Griffon
GFF
$4.59B
| – | – |
-93,340
| Closed | -$1.9M |
|
3367
Galicia Financial Group
GGAL
$7.1B
| – | – |
-97,817
| Closed | -$1.24M |
|
3368
Graham Corp
GHM
$1.09B
| – | – |
-35,143
| Closed | -$769K |
|
3369
Global Industrial
GIC
$1.51B
| – | – |
-29,345
| Closed | -$738K |
|
3370
CALL
General Mills
GIS
$21.3B
| – | – |
-30,000
| Closed | -$1.61M |
|
3371
Glaukos
GKOS
$10.7B
| – | – |
-117,631
| Closed | -$6.41M |
|
3372
CALL
Globe Life
GL
$13.2B
| – | – |
-9,300
| Closed | -$979K |
|
3373
Gladstone Capital
GLAD
$448M
| – | – |
-5,104
| Closed | -$101K |
|
3374
SPDR Gold Trust
GLD
$156B
| – | – |
-122,169
| Closed | -$18.2M |
|
3375
Golar LNG
GLNG
$5.31B
| – | – |
-58,547
| Closed | -$833K |
|
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John Overdeck's Q1 2020 Portfolio in Review
As of Q1 2020, John Overdeck held 4,183 positions worth $12.3B, down 63% from $33.2B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
John Overdeck withdrew a net $15.4B in Q1 2020, closing 1,188 positions and reducing 1,576 holdings. Its most notable exit was Johnson & Johnson, an estimated $193M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 12% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, John Overdeck opened a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF worth $148M.
- John Overdeck's largest Q1 2020 buy was iShares iBoxx $ Investment Grade Corporate Bond ETF: 1,200,000 shares worth $148M.
- John Overdeck added most to Target in Q1 2020, an estimated $106M increase.
- John Overdeck's biggest Q1 2020 reduction was eBay, cutting an estimated $233M.
- John Overdeck fully exited Johnson & Johnson in Q1 2020, selling an estimated $193M.
- John Overdeck's ten largest holdings make up 11% of its $12.3B portfolio in Q1 2020.
- John Overdeck opened 588 new positions and closed 1,188 in Q1 2020.
- John Overdeck's portfolio value fell 63% quarter-over-quarter to $12.3B.
Based on Two Sigma Investments's 13F filing for Q1 2020, filed 15 May 2020.