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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$510M |
| 2 |
Broadcom
AVGO
|
+$318M |
| 3 |
Marvell Technology
MRVL
|
+$290M |
| 4 |
Salesforce
CRM
|
+$263M |
| 5 |
Advanced Micro Devices
AMD
|
+$250M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$255M |
| 2 |
Progressive
PGR
|
+$244M |
| 3 |
Visa
V
|
+$238M |
| 4 |
Lam Research
LRCX
|
+$201M |
| 5 |
Elevance Health
ELV
|
+$190M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.88% |
| 2 | Healthcare | 13.28% |
| 3 | Financials | 10.32% |
| 4 | Industrials | 9.79% |
| 5 | Consumer Discretionary | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Estee Lauder
EL
$36.9B
| $22.3M | 0.05% |
338,063
-98,394
| -23% | -$7.12M |
|
427
National Fuel Gas
NFG
$7.84B
| $22.3M | 0.05% |
281,283
+71,689
| +34% | +$5.16M |
|
428
Baytex Energy
BTE
$3.36B
| $22.2M | 0.05% |
9,959,894
+7,329,925
| +279% | +$17.5M |
|
429
Brighthouse Financial
BHF
$3.01B
| $22.2M | 0.05% |
382,917
+189,265
| +98% | +$10.6M |
|
430
Zeta Global
ZETA
$7.3B
| $22.2M | 0.05% |
1,637,214
-210,229
| -11% | -$3.76M |
|
431
Alcoa
AA
$13.7B
| $21.9M | 0.05% |
716,916
-203,495
| -22% | -$7.12M |
|
432
VanEck Semiconductor ETF
SMH
$66.4B
| $21.8M | 0.05% |
+102,986
| New | +$24.7M |
|
433
Otis Worldwide
OTIS
$27.2B
| $21.7M | 0.05% |
210,525
+181,825
| +634% | +$17.8M |
|
434
Huntsman Corp
HUN
$1.75B
| $21.7M | 0.05% |
1,375,685
+301,338
| +28% | +$5.12M |
|
435
TJX Companies
TJX
$155B
| $21.6M | 0.05% |
177,478
+24,563
| +16% | +$2.98M |
|
436
AtriCure
ATRC
$2.49B
| $21.5M | 0.05% |
667,925
+56,929
| +9% | +$2.11M |
|
437
Truist Financial
TFC
$61.6B
| $21.4M | 0.05% |
+520,752
| New | +$23.2M |
|
438
Western Union
WU
$2.28B
| $21.4M | 0.05% |
2,023,525
+539,319
| +36% | +$5.72M |
|
439
Williams Companies
WMB
$86.2B
| $21.4M | 0.05% |
+358,209
| New | +$20.5M |
|
440
Ball Corp
BALL
$16.8B
| $21.1M | 0.05% |
+405,252
| New | +$21.3M |
|
441
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$54.3B
| $21M | 0.04% |
261,300
+56,900
| +28% | +$4.97M |
|
442
Fair Isaac
FICO
$25.3B
| $20.9M | 0.04% |
11,350
+10,208
| +894% | +$18.9M |
|
443
Stantec
STN
$8.33B
| $20.9M | 0.04% |
252,544
+85,199
| +51% | +$6.81M |
|
444
Textron
TXT
$14.3B
| $20.9M | 0.04% |
+289,311
| New | +$21.7M |
|
445
Chemours
CC
$2.4B
| $20.9M | 0.04% |
1,542,441
+387,004
| +33% | +$6.43M |
|
446
Four Corners Property Trust
FCPT
$2.77B
| $20.8M | 0.04% |
725,922
+352,213
| +94% | +$9.84M |
|
447
Kodiak Gas Services
KGS
$6.21B
| $20.8M | 0.04% |
558,053
-322,516
| -37% | -$13.8M |
|
448
Kinetik
KNTK
$4.38B
| $20.8M | 0.04% |
400,014
+27,364
| +7% | +$1.6M |
|
449
Floor & Decor
FND
$5.78B
| $20.8M | 0.04% |
257,913
-198,234
| -43% | -$18.7M |
|
450
PUT
State Street Financial Select Sector SPDR ETF
XLF
$56B
| $20.6M | 0.04% |
+413,800
| New | +$20.8M |
|
Similar funds
John Overdeck's Q1 2025 Portfolio in Review
As of Q1 2025, John Overdeck held 3,617 positions worth $46.8B, up 2% from $45.9B the previous quarter. Its ten largest holdings account for 8.1% of the portfolio.
John Overdeck deployed $2.08B of net new capital in Q1 2025, opening 458 new positions and adding to 1,225 existing holdings. Its largest new stake was Advanced Micro Devices: 2,246,952 shares worth $231M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 16% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Eli Lilly, an estimated $255M trimmed.
- John Overdeck's largest Q1 2025 buy was Advanced Micro Devices: 2,246,952 shares worth $231M.
- John Overdeck added most to State Street SPDR S&P 500 ETF Trust in Q1 2025, an estimated $510M increase.
- John Overdeck's biggest Q1 2025 reduction was Eli Lilly, cutting an estimated $255M.
- John Overdeck fully exited Coinbase in Q1 2025, selling an estimated $45M.
- John Overdeck's ten largest holdings make up 8.1% of its $46.8B portfolio in Q1 2025.
- John Overdeck opened 458 new positions and closed 452 in Q1 2025.
- John Overdeck's portfolio value rose 2% quarter-over-quarter to $46.8B.
Based on Two Sigma Investments's 13F filing for Q1 2025, filed 15 May 2025.