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 |
Intel
INTC
|
+$267M |
| 2 |
Amazon
AMZN
|
+$243M |
| 3 |
Applied Materials
AMAT
|
+$242M |
| 4 |
Airbnb
ABNB
|
+$221M |
| 5 |
Meta Platforms (Facebook)
META
|
+$213M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$262M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$259M |
| 3 |
Wells Fargo
WFC
|
+$238M |
| 4 |
Broadcom
AVGO
|
+$233M |
| 5 |
Applovin
APP
|
+$225M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.95% |
| 2 | Healthcare | 13.56% |
| 3 | Financials | 11.46% |
| 4 | Consumer Discretionary | 9.22% |
| 5 | Industrials | 9.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Bank of America
BAC
$431B
| $237M | 0.52% |
5,382,353
-301,638
| -5% | -$13.3M |
|
27
Danaher
DHR
$154B
| $236M | 0.51% |
1,027,495
+780,931
| +317% | +$192M |
|
28
Amgen
AMGN
$238B
| $235M | 0.51% |
902,286
+543,545
| +152% | +$161M |
|
29
Thermo Fisher Scientific
TMO
$233B
| $235M | 0.51% |
451,831
+54,606
| +14% | +$30M |
|
30
Lockheed Martin
LMT
$130B
| $235M | 0.51% |
483,431
+73,393
| +18% | +$40M |
|
31
Carvana
CVNA
$76.9B
| $233M | 0.51% |
5,731,525
-1,855,265
| -24% | -$83.3M |
|
32
Cheniere Energy
LNG
$57.3B
| $232M | 0.51% |
1,080,666
+259,565
| +32% | +$52.7M |
|
33
Robinhood
HOOD
$97.2B
| $227M | 0.49% |
6,088,153
-3,290,494
| -35% | -$106M |
|
34
Progressive
PGR
$127B
| $225M | 0.49% |
938,027
+81,134
| +9% | +$20.4M |
|
35
Visa
V
$693B
| $224M | 0.49% |
707,395
-118,849
| -14% | -$35.7M |
|
36
Mastercard
MA
$509B
| $223M | 0.49% |
423,537
-20,459
| -5% | -$10.6M |
|
|
37
Applied Materials
AMAT
$391B
| $219M | 0.48% |
1,347,580
+1,335,180
| +10,768% | +$242M |
|
38
Snowflake
SNOW
$115B
| $219M | 0.48% |
1,417,698
-809,286
| -36% | -$114M |
|
39
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
| $216M | 0.47% |
743,850
+504,000
| +210% | +$147M |
|
|
40
Airbnb
ABNB
$110B
| $216M | 0.47% |
+1,640,047
| New | +$221M |
|
41
Cigna
CI
$73.3B
| $211M | 0.46% |
764,900
+188,235
| +33% | +$60M |
|
42
Northrop Grumman
NOC
$78.3B
| $208M | 0.45% |
443,663
+26,408
| +6% | +$13.3M |
|
43
Fortinet
FTNT
$113B
| $204M | 0.45% |
2,163,807
-1,004,063
| -32% | -$89.3M |
|
44
Norwegian Cruise Line
NCLH
$7.92B
| $204M | 0.44% |
7,914,243
+1,483,746
| +23% | +$37.5M |
|
45
Lam Research
LRCX
$393B
| $203M | 0.44% |
2,809,026
+187,996
| +7% | +$14.3M |
|
46
Adobe
ADBE
$109B
| $201M | 0.44% |
452,880
+254,869
| +129% | +$126M |
|
47
Cisco
CSCO
$438B
| $199M | 0.43% |
3,359,355
-1,186,189
| -26% | -$67.7M |
|
|
AXON
48
Axon Enterprise
AXON
$51B
| $192M | 0.42% |
322,972
+147,867
| +84% | +$80.4M |
|
49
Merck
MRK
$376B
| $192M | 0.42% |
1,928,829
-8,104
| -0.4% | -$835K |
|
|
50
Applovin
APP
$102B
| $187M | 0.41% |
576,524
-890,321
| -61% | -$225M |
|
Similar funds
John Overdeck's Q4 2024 Portfolio in Review
As of Q4 2024, John Overdeck held 3,590 positions worth $45.9B, up 0.48% from $45.6B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
John Overdeck withdrew a net $1.69B in Q4 2024, closing 427 positions and reducing 1,388 holdings. Its most notable exit was iShares MSCI Emerging Markets ETF, an estimated $184M position sold in full.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 18% a quarter earlier, followed by Healthcare and Financials.
Against the trend, John Overdeck opened a new position in Intel worth $237M.
- John Overdeck's largest Q4 2024 buy was Intel: 11,843,258 shares worth $237M.
- John Overdeck added most to Amazon in Q4 2024, an estimated $243M increase.
- John Overdeck's biggest Q4 2024 reduction was Micron Technology, cutting an estimated $262M.
- John Overdeck fully exited iShares MSCI Emerging Markets ETF in Q4 2024, selling an estimated $184M.
- John Overdeck's ten largest holdings make up 7.2% of its $45.9B portfolio in Q4 2024.
- John Overdeck opened 477 new positions and closed 427 in Q4 2024.
- John Overdeck's portfolio value rose 0.48% quarter-over-quarter to $45.9B.
Based on Two Sigma Investments's 13F filing for Q4 2024, filed 14 Feb 2025.