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 |
SLB Ltd
SLB
|
+$230M |
| 2 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$207M |
| 3 |
EA
Electronic Arts
EA
|
+$205M |
| 4 |
Starbucks
SBUX
|
+$171M |
| 5 |
Baidu
BIDU
|
+$159M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$185M |
| 2 |
Elevance Health
ELV
|
+$180M |
| 3 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$169M |
| 4 |
Walt Disney
DIS
|
+$168M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$166M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 15.51% |
| 2 | Technology | 14.81% |
| 3 | Industrials | 12.21% |
| 4 | Healthcare | 10.11% |
| 5 | Financials | 6.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
DexCom
DXCM
$34.8B
| $87.6M | 0.34% |
2,924,236
+2,504,392
| +597% | +$79.4M |
|
52
Medtronic
MDT
$119B
| $86.4M | 0.34% |
949,977
+71,721
| +8% | +$6.7M |
|
53
Halliburton
HAL
$29.4B
| $86.3M | 0.34% |
3,245,489
+2,992,801
| +1,184% | +$101M |
|
54
Lamb Weston
LW
$7.38B
| $86M | 0.34% |
1,169,616
+1,013,584
| +650% | +$77.6M |
|
55
Weyerhaeuser
WY
$17.6B
| $85.7M | 0.34% |
3,919,782
+2,598,549
| +197% | +$69.2M |
|
56
Aptiv
APTV
$10B
| $85.7M | 0.34% |
1,391,166
+1,057,043
| +316% | +$76.6M |
|
57
Norwegian Cruise Line
NCLH
$7.92B
| $85.5M | 0.33% |
2,018,074
+180,275
| +10% | +$8.74M |
|
58
CenterPoint Energy
CNP
$25.5B
| $84.2M | 0.33% |
2,981,246
+281,243
| +10% | +$7.85M |
|
59
Cummins
CMI
$80.9B
| $83.6M | 0.33% |
625,656
-299,888
| -32% | -$42.3M |
|
60
Canadian Pacific Kansas City
CP
$85B
| $83M | 0.32% |
2,335,745
-7,605
| -0.3% | -$304K |
|
61
Chevron
CVX
$403B
| $82.4M | 0.32% |
757,418
-791,398
| -51% | -$91.7M |
|
62
NRG Energy
NRG
$23.8B
| $81.9M | 0.32% |
2,068,071
+1,851,660
| +856% | +$70.8M |
|
63
Progressive
PGR
$127B
| $81.7M | 0.32% |
1,353,777
-833,219
| -38% | -$55.4M |
|
64
Tesla
TSLA
$1.43T
| $79.1M | 0.31% |
+3,566,370
| New | +$76.7M |
|
65
Fidelity National Information Services
FIS
$21.3B
| $78.3M | 0.31% |
763,281
-277,826
| -27% | -$29M |
|
66
New Oriental
EDU
$8.88B
| $77.3M | 0.3% |
1,411,096
+845,415
| +149% | +$49M |
|
67
Incyte
INCY
$25.9B
| $77M | 0.3% |
1,211,513
+567,826
| +88% | +$36.9M |
|
68
Constellation Brands
STZ
$23.2B
| $76.4M | 0.3% |
475,293
+326,146
| +219% | +$64.8M |
|
69
Norfolk Southern
NSC
$78.8B
| $75.3M | 0.29% |
503,222
-298,459
| -37% | -$49.1M |
|
70
Suncor Energy
SU
$80B
| $73.3M | 0.29% |
2,620,484
+1,319,632
| +101% | +$43.8M |
|
71
Comcast
CMCSA
$95.3B
| $73.3M | 0.29% |
2,151,993
-526,535
| -20% | -$19.2M |
|
|
DATA
72
DELISTED
Tableau Software, Inc.
DATA
| $72.4M | 0.28% |
603,369
+318,990
| +112% | +$35.7M |
|
73
Gen Digital
GEN
$17.3B
| $72.1M | 0.28% |
3,815,283
-1,960,591
| -34% | -$40.5M |
|
|
NEWR
74
DELISTED
New Relic, Inc.
NEWR
| $70.4M | 0.28% |
869,902
+73,515
| +9% | +$6.19M |
|
75
Exelon
EXC
$45.1B
| $69.4M | 0.27% |
2,158,905
-1,185,580
| -35% | -$37.9M |
|
Similar funds
John Overdeck's Q4 2018 Portfolio in Review
As of Q4 2018, John Overdeck held 3,851 positions worth $25.5B, down 30% from $36.7B the previous quarter. Its ten largest holdings account for 6.8% of the portfolio.
John Overdeck withdrew a net $5.25B in Q4 2018, closing 943 positions and reducing 1,216 holdings. Its most notable exit was Elevance Health, an estimated $180M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 16% of assets, up from 13% a quarter earlier, followed by Technology and Industrials.
Against the trend, John Overdeck opened a new position in Starbucks worth $176M.
- John Overdeck's largest Q4 2018 buy was Starbucks: 2,727,875 shares worth $176M.
- John Overdeck added most to SLB Ltd in Q4 2018, an estimated $230M increase.
- John Overdeck's biggest Q4 2018 reduction was Procter & Gamble, cutting an estimated $185M.
- John Overdeck fully exited Elevance Health in Q4 2018, selling an estimated $180M.
- John Overdeck's ten largest holdings make up 6.8% of its $25.5B portfolio in Q4 2018.
- John Overdeck opened 729 new positions and closed 943 in Q4 2018.
- John Overdeck's portfolio value fell 30% quarter-over-quarter to $25.5B.
Based on Two Sigma Investments's 13F filing for Q4 2018, filed 14 Feb 2019.