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John Overdeck Two Sigma Investments
AUM
$138B
1-Year Est. Return
41.87%
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.
This Fund
S&P 500
This Quarter
Est. Return
+3.47%
1 Year Est. Return
+41.87%
3 Year Est. Return
+122.61%
5 Year Est. Return
+129.48%
10 Year Est. Return
+649.67%
AUM
$70.9B
AUM Growth
+$3.72B
(+5.5%)
Cap. Flow
+$541M
Cap. Flow
% of AUM
0.76%
Top 10 Holdings %
Top 10 Hldgs %
4.9%
Holding
4,545
New
899
Increased
1,598
Reduced
1,287
Closed
504
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$395M |
| 2 |
Vanguard Real Estate ETF
VNQ
|
+$321M |
| 3 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$318M |
| 4 |
ServiceNow
NOW
|
+$272M |
| 5 |
Schwab US REIT ETF
SCHH
|
+$248M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$547M |
| 2 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$447M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$377M |
| 4 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$299M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$269M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.53% |
| 2 | Financials | 13% |
| 3 | Industrials | 11.22% |
| 4 | Healthcare | 10.29% |
| 5 | Consumer Discretionary | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1201
Motley Fool 100 Index ETF
TMFC
$2.07B
| $8.02M | 0.01% |
111,800
+300
| +0.3% | +$21.4K |
|
1202
UnitedHealth
UNH
$361B
| $8.02M | 0.01% |
24,291
+5,264
| +28% | +$1.78M |
|
|
PACH
1203
Pioneer Acquisition I Corp
PACH
| $8.01M | 0.01% |
797,500
| – | – |
|
|
HCMA
1204
HCM III Acquisition Corp
HCMA
$347M
| $8.01M | 0.01% |
797,500
| – | – |
|
|
AAM
1205
DELISTED
AA Mission Acquisition Corp
AAM
| $8M | 0.01% |
750,000
| – | – |
|
1206
S&P Global
SPGI
$128B
| $7.97M | 0.01% |
15,256
-120,259
| -89% | -$59.5M |
|
1207
Applied Materials
AMAT
$379B
| $7.96M | 0.01% |
30,991
+7,391
| +31% | +$1.77M |
|
1208
ProPetro Holding
PUMP
$1.3B
| $7.95M | 0.01% |
835,508
+519,853
| +165% | +$4.52M |
|
1209
Apogee Therapeutics
APGE
$10.2B
| $7.94M | 0.01% |
105,241
-17,134
| -14% | -$1.08M |
|
1210
Lightspeed Commerce
LSPD
$1.36B
| $7.94M | 0.01% |
657,300
+454,900
| +225% | +$5.39M |
|
1211
PUT
PG&E
PCG
$40.4B
| $7.93M | 0.01% |
493,400
-4,300
| -0.9% | -$68.7K |
|
1212
CALL
Johnson & Johnson
JNJ
$651B
| $7.88M | 0.01% |
38,100
-10,400
| -21% | -$2.06M |
|
1213
PUT
IBM
IBM
$217B
| $7.88M | 0.01% |
+26,600
| New | +$7.97M |
|
1214
Merck
MRK
$379B
| $7.88M | 0.01% |
74,825
-1,894,276
| -96% | -$178M |
|
|
ITIC
1215
Investors Title Co
ITIC
$576M
| $7.87M | 0.01% |
31,532
-10,771
| -25% | -$2.83M |
|
1216
Cinemark Holdings
CNK
$4.31B
| $7.85M | 0.01% |
337,949
-213,014
| -39% | -$5.6M |
|
1217
IHS Holding
IHS
$2.82B
| $7.85M | 0.01% |
1,051,717
-3,571
| -0.3% | -$24.6K |
|
1218
IonQ
IONQ
$16.4B
| $7.84M | 0.01% |
174,726
+94,822
| +119% | +$5.31M |
|
1219
United Therapeutics
UTHR
$22.2B
| $7.84M | 0.01% |
16,082
-8
| -0% | -$3.73K |
|
1220
Centrus Energy
LEU
$3.72B
| $7.83M | 0.01% |
32,273
-86,085
| -73% | -$26M |
|
1221
CALL
PayPal
PYPL
$52.9B
| $7.82M | 0.01% |
+134,000
| New | +$8.7M |
|
1222
PUT
Target
TGT
$74.3B
| $7.82M | 0.01% |
+80,000
| New | +$7.37M |
|
1223
Expedia Group
EXPE
$40.4B
| $7.82M | 0.01% |
27,600
+24,467
| +781% | +$6.05M |
|
1224
Fulgent Genetics
FLGT
$547M
| $7.81M | 0.01% |
297,355
+139,747
| +89% | +$3.63M |
|
1225
Schrodinger
SDGR
$1.46B
| $7.81M | 0.01% |
436,792
-354,272
| -45% | -$6.72M |
|
Similar funds
John Overdeck's Q4 2025 Portfolio in Review
As of Q4 2025, John Overdeck held 4,545 positions worth $70.9B, up 5.5% from $67.2B the previous quarter. Its ten largest holdings account for 4.9% of the portfolio.
John Overdeck's Q4 2025 filing shows 899 new, 1,598 increased, 1,287 reduced and 504 closed positions. Its largest new stake was Vanguard Real Estate ETF: 3,573,400 shares worth $316M. The largest sale was State Street Financial Select Sector SPDR ETF, an estimated $547M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 16% a quarter earlier, followed by Financials and Industrials.
- John Overdeck's largest Q4 2025 buy was Vanguard Real Estate ETF: 3,573,400 shares worth $316M.
- John Overdeck added most to State Street Technology Select Sector SPDR ETF in Q4 2025, an estimated $395M increase.
- John Overdeck's biggest Q4 2025 reduction was State Street Financial Select Sector SPDR ETF, cutting an estimated $547M.
- John Overdeck fully exited State Street SPDR Dow Jones Industrial Average ETF Trust in Q4 2025, selling an estimated $240M.
- John Overdeck's ten largest holdings make up 4.9% of its $70.9B portfolio in Q4 2025.
- John Overdeck opened 899 new positions and closed 504 in Q4 2025.
- John Overdeck's portfolio value rose 5.5% quarter-over-quarter to $70.9B.
Based on Two Sigma Investments's 13F filing for Q4 2025, filed 17 Feb 2026.