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 |
Advanced Micro Devices
AMD
|
+$275M |
| 2 |
Netflix
NFLX
|
+$254M |
| 3 |
Microsoft
MSFT
|
+$242M |
| 4 |
Qualcomm
QCOM
|
+$236M |
| 5 |
Starbucks
SBUX
|
+$232M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walmart Inc
WMT
|
+$236M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$221M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$191M |
| 4 |
McDonald's
MCD
|
+$183M |
| 5 |
Union Pacific
UNP
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.08% |
| 2 | Healthcare | 12.88% |
| 3 | Consumer Discretionary | 11.39% |
| 4 | Financials | 10.88% |
| 5 | Industrials | 10.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Kimberly-Clark
KMB
$36.4B
| $146M | 0.39% |
1,205,536
+87,251
| +8% | +$11.3M |
|
52
Nu Holdings
NU
$70.4B
| $143M | 0.38% |
19,711,241
+7,470,332
| +61% | +$55.9M |
|
53
Johnson Controls International
JCI
$86.7B
| $141M | 0.38% |
2,641,899
-190,551
| -7% | -$11.8M |
|
54
PUT
American Airlines Group
AAL
$9.15B
| $139M | 0.37% |
10,860,400
| – | – |
|
|
55
American Airlines Group
AAL
$9.15B
| $139M | 0.37% |
10,844,808
-365,201
| -3% | -$5.67M |
|
56
Rivian
RIVN
$24.6B
| $138M | 0.37% |
+5,702,085
| New | +$133M |
|
57
ResMed
RMD
$33.4B
| $138M | 0.37% |
934,167
+710,713
| +318% | +$129M |
|
58
RTX Corp
RTX
$283B
| $138M | 0.37% |
1,916,731
+1,906,431
| +18,509% | +$163M |
|
59
KLA
KLAC
$240B
| $136M | 0.37% |
+2,975,250
| New | +$143M |
|
60
Crown Castle
CCI
$32.1B
| $136M | 0.37% |
1,481,218
+940,408
| +174% | +$97.4M |
|
61
Hershey
HSY
$37.5B
| $135M | 0.36% |
674,510
+214,366
| +47% | +$48M |
|
62
AbbVie
ABBV
$468B
| $135M | 0.36% |
904,191
-932,692
| -51% | -$137M |
|
63
O'Reilly Automotive
ORLY
$72.1B
| $128M | 0.35% |
2,120,010
+1,694,775
| +399% | +$106M |
|
64
Valero Energy
VLO
$100B
| $127M | 0.34% |
898,618
+395,233
| +79% | +$51.8M |
|
65
Honeywell
HON
$68.4B
| $127M | 0.34% |
726,960
-403,818
| -36% | -$73.9M |
|
66
Costco
COST
$420B
| $123M | 0.33% |
218,488
+158,726
| +266% | +$87.6M |
|
67
Transocean
RIG
$6.61B
| $123M | 0.33% |
14,943,566
+457,131
| +3% | +$3.74M |
|
68
Emerson Electric
EMR
$87.7B
| $122M | 0.33% |
1,264,798
-857,146
| -40% | -$81.6M |
|
69
SoFi Technologies
SOFI
$24.4B
| $121M | 0.33% |
15,163,244
+5,584,744
| +58% | +$49.1M |
|
70
Cadence Design Systems
CDNS
$87.9B
| $120M | 0.32% |
512,696
+419,076
| +448% | +$98.1M |
|
71
Kroger
KR
$35.5B
| $118M | 0.32% |
2,646,154
+1,157,238
| +78% | +$54.4M |
|
|
DOCU
72
DocuSign
DOCU
$11.8B
| $118M | 0.32% |
2,803,381
-677,005
| -19% | -$33.2M |
|
73
PUT
Royal Caribbean
RCL
$78.1B
| $117M | 0.32% |
1,274,900
| – | – |
|
74
American Express
AXP
$227B
| $117M | 0.31% |
784,551
+771,851
| +6,078% | +$126M |
|
75
iShares Core S&P 500 ETF
IVV
$893B
| $114M | 0.31% |
266,300
+62,390
| +31% | +$27.9M |
|
Similar funds
John Overdeck's Q3 2023 Portfolio in Review
As of Q3 2023, John Overdeck held 3,402 positions worth $37.2B, down 6.8% from $39.9B the previous quarter. Its ten largest holdings account for 7% of the portfolio.
John Overdeck withdrew a net $1.95B in Q3 2023, closing 472 positions and reducing 1,183 holdings. Its most notable exit was Etsy, an estimated $144M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, John Overdeck opened a new position in Eli Lilly worth $232M.
- John Overdeck's largest Q3 2023 buy was Eli Lilly: 432,734 shares worth $232M.
- John Overdeck added most to Advanced Micro Devices in Q3 2023, an estimated $275M increase.
- John Overdeck's biggest Q3 2023 reduction was Walmart Inc, cutting an estimated $236M.
- John Overdeck fully exited Etsy in Q3 2023, selling an estimated $144M.
- John Overdeck's ten largest holdings make up 7% of its $37.2B portfolio in Q3 2023.
- John Overdeck opened 430 new positions and closed 472 in Q3 2023.
- John Overdeck's portfolio value fell 6.8% quarter-over-quarter to $37.2B.
Based on Two Sigma Investments's 13F filing for Q3 2023, filed 14 Nov 2023.