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 | |
|---|---|---|---|---|---|---|
1351
Ducommun
DCO
$2.74B
| $3.16M | 0.01% |
54,537
-19,453
| -26% | -$1.23M |
|
1352
Copa Holdings
CPA
$6.04B
| $3.16M | 0.01% |
34,218
-134,750
| -80% | -$12.5M |
|
1353
Bank of Hawaii
BOH
$3B
| $3.16M | 0.01% |
45,817
+284
| +0.6% | +$20.2K |
|
1354
Houlihan Lokey
HLI
$9.02B
| $3.16M | 0.01% |
19,554
+16,305
| +502% | +$2.8M |
|
1355
Amphenol
APH
$196B
| $3.16M | 0.01% |
48,137
-364,971
| -88% | -$24.9M |
|
1356
Selective Insurance
SIGI
$5.47B
| $3.16M | 0.01% |
34,473
-27,611
| -44% | -$2.42M |
|
1357
Duolingo
DUOL
$6.83B
| $3.15M | 0.01% |
10,156
-82,891
| -89% | -$28.3M |
|
1358
Heritage Financial
HFWA
$1.18B
| $3.15M | 0.01% |
129,495
+2,402
| +2% | +$58.6K |
|
1359
Cullen/Frost Bankers
CFR
$10.2B
| $3.14M | 0.01% |
25,116
+15,487
| +161% | +$2.08M |
|
|
KREF
1360
KKR Real Estate Finance Trust
KREF
$489M
| $3.14M | 0.01% |
291,136
+232,111
| +393% | +$2.5M |
|
1361
Sonic Automotive
SAH
$2.43B
| $3.13M | 0.01% |
54,912
+27,857
| +103% | +$1.87M |
|
|
PRA
1362
DELISTED
ProAssurance
PRA
| $3.12M | 0.01% |
133,692
-29,606
| -18% | -$479K |
|
1363
F&G Annuities & Life
FG
$3.02B
| $3.12M | 0.01% |
86,555
+80,544
| +1,340% | +$3.38M |
|
|
BRSP
1364
BrightSpire Capital
BRSP
$616M
| $3.12M | 0.01% |
560,612
+24,168
| +5% | +$141K |
|
1365
Madison Square Garden
MSGS
$9.8B
| $3.12M | 0.01% |
+16,007
| New | +$3.31M |
|
1366
Academy Sports + Outdoors
ASO
$2.7B
| $3.12M | 0.01% |
68,335
+27,691
| +68% | +$1.42M |
|
1367
Choice Hotels
CHH
$4.96B
| $3.12M | 0.01% |
23,471
-7,751
| -25% | -$1.1M |
|
1368
American Healthcare REIT
AHR
$12.4B
| $3.11M | 0.01% |
102,654
-8,684
| -8% | -$250K |
|
1369
Columbia Research Enhanced Core ETF
RECS
$6.03B
| $3.11M | 0.01% |
93,600
-306,600
| -77% | -$10.7M |
|
1370
Sony
SONY
$141B
| $3.1M | 0.01% |
122,000
-982
| -0.8% | -$22.7K |
|
1371
Federal Realty Investment Trust
FRT
$10.2B
| $3.09M | 0.01% |
31,615
+7,427
| +31% | +$772K |
|
|
VTLE
1372
DELISTED
Vital Energy
VTLE
| $3.09M | 0.01% |
145,590
-25,325
| -15% | -$734K |
|
1373
Agilysys
AGYS
$3.23B
| $3.08M | 0.01% |
42,459
+34,739
| +450% | +$3.18M |
|
1374
National Bank Holdings
NBHC
$1.84B
| $3.08M | 0.01% |
+80,474
| New | +$3.35M |
|
1375
Harmony Gold Mining
HMY
$14.3B
| $3.08M | 0.01% |
208,473
-289,932
| -58% | -$3.23M |
|
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.